Barratts enters administration December 8, 2011 SHOE retailer Barratts has fallen into administration, the latest victim of a downturn in consumer spending, putting 3,840 jobs under threat. Business advisory firm Deloitte said yesterday it had been appointed joint administrator over the Barratts Priceless Group, and that it would continue to keep the stores trading as it seeks a buyer for the [...]
The rugby international who turned business star December 8, 2011 MULTI-TALENTED Sir Bill Gammell played international rugby for Scotland before employing his competitive skills in the business world. The well-connected entrepreneur attended Fettes College in Edinburgh with former Prime Minister Tony Blair before moving on to the University of Stirling, where he obtained a BA in Economics and Accountancy. Gammell’s talents also stretched to the [...]
Gammell gets £5m windfall in Cairn sale December 8, 2011 VEDANTA Resources yesterday completed its $8.7bn (£5.5bn) purchase of a majority stake in Cairn Energy that will see Cairn chairman Sir Bill Gammell receiving a windfall of at least £5m. London-listed Vedanta now holds 58.5 per cent of Cairn India, of which 20 per cent is held through its Sesa Goa unit. Cairn Energy, which [...]
ADVISERS: ROTHSCHILD December 8, 2011 HEAD OF UK FINANCIAL ADVISORY ROBERT Leitão, Rothschild’s head of UK global financial advisory, has led the team advising Cairn during its tortuous deal with Vedanta. He joined the company in 1998 after nine years at Morgan Grenfell & Co, where he was appointed a director in 1995. Leitão has been involved in over 150 [...]
Community service vow cuts Rooney’s Euro 2012 ban December 8, 2011 ENGLAND striker Wayne Rooney succeeded in persuading European chiefs to cut his Euro 2012 ban to two matches yesterday after agreeing to undertake a stint of community service. Governing body Uefa reduced Rooney’s original three-match ban, handed out for his red card in October’s qualifier in Montenegro, freeing him to face Ukraine in England’s final [...]
Joker only ready to be played after group stage December 8, 2011 YESTERDAY’S decision is a huge positive for England but it will not change the mindset of manager Fabio Capello one bit, which will be to tackle the Euro 2012 group stage without Wayne Rooney. By the time Rooney’s two-match suspension has elapsed, England could be as good as out of the tournament, if fixtures against [...]
New England coach Lancaster ready to get tough December 8, 2011 Farrell and Rowntree also on board as new-look set-up aim to eradicate memories of dismal World Cup ENGLAND’S new interim head coach Stuart Lancaster intends to rule with an iron fist in an attempt to eradicate the disciplinary issues and laddish culture which undermined the Red Rose’s abysmal World Cup campaign. Lancaster, the England Saxons [...]
Mancini sets a new trophy target for City December 8, 2011 MANCHESTER CITY manager Roberto Mancini admits his side will need to end the season with two trophies if they are to compensate for the shattering blow of exiting the Champions League on Wednesday night. Having invested heavily over the summer in experienced Champions League campaigners such as Sergio Aguero, Gael Clichy and Samir Nasri, City [...]
Euro exit will test Ferguson’s powers of recovery December 8, 2011 THE BIGGER they come the harder they fall, and after Wednesday’s double Champions League knockout blow, the destiny of the Premier League title could well be determined by which Manchester heavyweight is able to rise from the canvas first. While United, the seasoned, battle-scarred campaigners are famed for their powers of recovery, City represent the [...]
CVC stands to lose £1.7bn as Nine talks fail December 8, 2011 PRIVATE equity firm CVC has failed to reach a deal with creditors to refinance A$2.6bn (£1.7bn) of debt in Nine Entertainment, sources said yesterday, putting the future ownership of the Australian media network in doubt. That leaves the London-based buyout firm facing one of the biggest potential single equity losses in private equity history, with [...]
