Mastercard misses forecasts February 4, 2010 Higher-than-expected costs and rebates caused MasterCard’s quarterly earnings to fall short of Wall Street forecasts yesterday, driving shares of the world’s second biggest credit card network down 10.3 per cent to $222.1. The shares hit a two-and-a-half-month low despite a 23 per cent jump in fourth-quarter profit. A weak US dollar and rebound in global [...]
It’s D-Day for Terry as boss Fabio flies in February 4, 2010 JOHN TERRY will finally discover whether he will remain as England captain today following showdown talks with boss Fabio Capello. The Chelsea defender is set for talks with the Italian coach after stories emerged at the weekend of an alleged affair with an ex-partner of England colleague and former Chelsea team-mate Wayne Bridge. Capello touched [...]
Glaxo to cut more jobs as it aims to slash spending February 4, 2010 GLAXOSMITHKLINE (GSK) is set to cut hundreds of research and development jobs as it cuts costs and abandons some areas of research — including depression — joining a growing band of big drugmakers taking a knife to previously sacrosanct drug discovery work. GSK, which employs 16,000 in the UK, has already cut more than 2,000 [...]
New Pompey owner applies for stay of execution February 4, 2010 PORTSMOUTH have appealed for next week’s potentially fatal winding-up hearing to be delayed after being taken over by Hong Kong businessman Balram Chainrai. Chainrai’s company Portpin was yesterday confirmed as the financially-stricken club’s fourth owner in the space of six months. The 51-year-old took charge after previous owner Ali Al-Faraj defaulted on a loan repayment, [...]
Toyota lifts profit forecast despite recall February 4, 2010 JAPANESE car maker Toyota upgraded its full-year profit forecast yesterday even as it emerged it would suffer $2bn (£1.3bn) in extra costs as a result of recalling millions of cars around the world. The automobile manufacturer lifted its 2009 forecast from a loss to a £550m profit, defying bad news over faulty accelerator pedals. For [...]
Centrica cuts energy bills for homeowners February 4, 2010 Britain’s biggest household energy supplier British Gas became one of the first utilities to cut gas prices for residential customers yesterday with owner Centrica announcing a seven per cent cut. The price cut, which partly reflects lower gas wholesale prices, will affect eight million households and save the average gas customer £55 per year, British [...]
January sees new cars surge by a third on scrappage boost February 4, 2010 The government’s scrappage scheme led new car sales to surge by almost a third this January, the Society of Motor Manufacturers and Traders (SMMT) said yesterday. Despite the return of the 17.5 per cent VAT rate, 145,479 new cars were registered over the month, a 29.8 per cent increase on last year. This made January [...]
Chelsea get transfer ban overturned February 4, 2010 CHELSEA are free to embark on a summer spending spree after their 18-month transfer ban was revoked by the Court of Arbitration for Sport (CAS). The Blues were banned in September after world chiefs Fifa ruled they had illegally induced French youngster Gael Kakuta to break a contract with Lens and move to England. Chelsea [...]
National Grid is on track for£3.4bn of investment in 2010 February 4, 2010 NATIONAL GRID, which owns Britain’s electricity and natural gas transmission networks, said yesterday the firm made a “very strong” performance in the first half of the year and it expects to raise its full-year dividend by eight per cent. The business, which also owns a large power transmission network in New York and along the [...]
Wilko’s centenary waltz February 4, 2010 JONNY WILKINSON says he is honoured to become a part of history tomorrow when England celebrate 100 years of rugby at Twickenham with a crunch Six Nations opener with Wales. Wilkinson, 30, has been the jewel in England’s crown since making his international debut in 1998 and has gone on to score a world record [...]
