Royal Mail staff on track to take 10pc of shares February 17, 2013 THE COALITION is pushing ahead with plans to hand employees at least 10 per cent of the shares in Royal Mail, with Britain’s biggest privatisation in two decades lined up for this year. Although the government is continuing to explore all options for the state-owned postal service – including the sale of a stake to [...]
Laudrup sorry for Swansea’s horror show February 17, 2013 SWANSEA boss Michael Laudrup issued an apology to the club’s travelling fans yesterday, after his team were hammered by Liverpool at Anfield. Steven Gerrard opened the scoring from the spot on 34 minutes, before a flood of second half goals from Philippe Coutinho, Jose Enrique, Luis Suarez and Daniel Sturridge secured the rout. “It was [...]
Bumi battle hinges on key investor February 17, 2013 THE CITY takeover watchdog could decide the fate of troubled coalmin- er Bumi as soon as tomorrow after a key stakeholder moved to offload a decisive voting bloc in the company. Former Bumi non-executive direc- tor Rosan Roeslani, who owns 13 per cent of the company through his firm Bukit Mutiara, is thought to be [...]
Benitez slams Terry rift talk as Blues progress February 17, 2013 CHELSEA manager Rafael Benitez labelled reports of a rift with defender John Terry as “total rubbish” after seeing his skipper score in yesterday’s FA Cup fourth round replay at Stamford Bridge. A national newspaper claimed the pair had fallen out over Terry’s lack of playing time since the Spaniard’s arrival on 21 November. But Benitez [...]
Letters to the Editor February 17, 2013 Fiscal failure [RE: High inflation is denting recovery: The Bank of England must act now, Thursday] Andrew Sentance makes some very good points. Quantitative easing (QE) has resulted in inflation. As an importer of wine, buying mainly in euros, weaker sterling affects my prices directly and we have no choice but to pass these on [...]
Morrisons buys 49 Blockbuster shops to grow convenience unit February 17, 2013 SUPERMARKET chain Morrisons yesterday snapped up 49 stores from defunct video chain Blockbuster, proving its commitment to the UK high street as it seeks to expand its offering of smaller shops. Blockbuster collapsed into administration last month, and advisers Deloitte are planning to close 332 stores across the UK. Morrisons, which earlier this month bought [...]
City Moves for 18 February 2013 | Who’s switching jobs February 17, 2013 Arle Capital Partners The private equity partnership has appointed Quentin Nason as head of client services, strategy and business development. He was most recently managing director in equity capital and structured equity capital at Deutsche Bank. FTI Consulting The business advisory firm has announced the appointment of two regulatory consultants to lead its governance, risk [...]
Small but perfectly formed: why Brides les Bains is a ski paradise February 17, 2013 BRIDES les Bains may be the smallest place you ever visit. With a population of just 600, it’s reminiscent of those little Irish towns where everyone knows everyone and the pharmacist is also the butcher and the local mechanic on Tuesdays. In fact, while dinning at the town’s main restaurant, La Petite Auberge (where 80 [...]
Practical steps towards improving Britain’s economic relationship with India February 17, 2013 WHEN it comes to bilateral relations with the BRICs, one country where the UK should have an edge on its rivals is India. Not only do we both share a love for cricket – unlike the US and the vast majority of the EU – but Britain is also home to a vibrant Indian community [...]
Retail gloom as UK stays at home February 17, 2013 SHOPPERS have been deserting the UK’s struggling retailers since the start of the year, adding to gloom in the sec- tor as sales fall for the first time in years and well-established firms col- lapse into administration. Total UK retail footfall sunk 4.6 per cent over the year to January, data from the British Retail [...]
