Jaguar signs deal to build a Saudi plant December 11, 2012 JAGUAR Land Rover (JLR) has signed a preliminary deal to build a plant in Saudi Arabia, extending its expansion in fast-growing markets having already started work on a plant in China. The British luxury marque, owned by India’s Tata Motors, signed the deal to look at the possibility of making 50,000 Land Rovers a year [...]
BDO and PKF agree to merge as they eye more mid-cap clients December 11, 2012 PARTNERS at BDO and PKF yesterday approved a deal to merge the UK operations of the two firms, giving the enlarged group extra firepower to compete in the mid-tier accountancy and advisory markets. The new firm, operating under the BDO brand, has 3,500 people working across the country, with revenues close to £400m a year. [...]
Frontier IP university spin-out sells protein idea to Tate & Lyle December 11, 2012 FRONTIER IP Group, the London listed portfolio company which sells intellectual property rights to firms, yesterday licenced one of its protein products to Tate & Lyle. The company, through its portfolio company Nandi Proteins Ltd – which is a spin-out venture from Heriot Watt University in Edinburgh – will benefit from advisory fees paid by [...]
BT to sell $183m stake in India’s Tech Mahindra December 11, 2012 BT is selling its 9.1 per cent stake in Tech Mahindra in a deal expected to raise about $183m (£113m) and see the British telecoms operator exit an Indian IT services group it co-founded more than two decades ago. The Tech Mahindra shares are being sold at a floor price of 855 rupees ($15.68), according [...]
The lasting public legacy of the 2012 Olympic Games December 11, 2012 AS each year draws to a close I like to look back over YouGov’s BrandIndex and consider the big gainers and fallers of the previous twelve months. Usually this involves examining Britain’s most recognisable corporate brands, such as last week when we looked at how the competition between department store giants John Lewis and Marks [...]
Revamped press regulator to come next year, PCC head says December 11, 2012 A NEW body to regulate the press could be set up early next year, the head of current newspaper watchdog the Press Complaints Commission said yesterday. Tory peer Lord Hunt of Wirral told the Culture, Media and Sport Committee that he was working with newspaper editors on a plan for the revamped body. The new watchdog [...]
Sportech boss plots expansion in US after Connecticut approval December 11, 2012 SPORTECH, the horseracing and football pools operator, yesterday announced it had won approval for its latest US expansion as it bids to become the country’s dominant internet betting service. The company has been granted an exclusive licence to offer online gambling on horseracing and greyhound racing in Connecticut, opening it up to around 4m customers. [...]
Printing firm Domino tumbles as it puts end to 32-year record December 11, 2012 PRINTING technology company Domino Printing yesterday put a 32-year run of increasing revenues to an end. The company, which manufacturers printers for barcodes and labels, posted a one per cent decline in annual turnover to £312m, owing to weak sales in Europe. This is the first time revenue has fallen since the company was incorporated. Pre-tax [...]
Redstone swings to first profit December 11, 2012 IT firm Redstone has made its first ever profit, the company announced yesterday. Redstone was £448,000 in the black in the six months to 30 September, even as revenues fell 22 per cent to £28m. Chief executive Tony Weaver put the profit down to focusing on higher-margin managed services – in which companies outsource IT [...]
Ryanair bullish on Aer Lingus buy December 11, 2012 Ryanair chief exec Michael O’Leary said yesterday he is confident the European Commission will accept a new package of remedies offered to win approval for its bid to buy Irish rival Aer Lingus. The concessions to EU antitrust regulators were submitted on Friday. O’Leary said that if the proposed deal is reviewed “on the same [...]
