What’s up, duck September 4, 2008 Duck season is here, so make the most of the bird, says Timothy Barber Can there be any dish more redolent of the bad old days of restaurant food than duck a l’orange? It may be a classic, but let’s be honest, duck in a sweet orange sauce is more likely to be the sorry [...]
Palin silences critics with first speech September 4, 2008 Republican running mate Sarah Palin fought back at her critics in her first key address to the Republican National Convention last night. Her speech came as Republican US presidential candidate John McCain slammed the media for questioning the way his running mate Sarah Palin’s candidacy was vetted, following shock revelations that Palin’s 17-yearold unmarried daughter [...]
Signet fails to shine as sales slump bites September 4, 2008 The World’s biggest speciality jewellery retailer, Signet, has announced a 7.8 per cent fall in first half pre-tax profit, slightly better than analysts had feared. Signet warned that the consumer environment in both the US and the UK remained “very challenging”. Investec had forecast profits of $75.3m (£42.3m), five per cent lower than those reported. [...]
Pru and C&W wrap up £1bn pensions deal September 4, 2008 Prudential and Cable & Wireless (C&W) have struck a landmark £1bn deal which will see the telecoms company transfer its pension liabilities to the insurer. In the largest bulk annuity deal in the UK this year, Prudential will assume responsibility for payments to 5,000 retired members of C&W’s defined-benefit pension scheme. The move, which paves [...]
Punch scraps its dividend as declining beer sales hit September 4, 2008 Pubs group Punch Taverns is scrapping its dividend, the group said yesterday. The move comes in the wake of reports of declining sales, which led to a plunge in the company’s share price. Punch shares closed down 12 per cent at 278.25p. Punch Taverns said the move was prudent given the “challenging market conditions”. The [...]
DSG cautious after sales dip at PC World September 4, 2008 Nine months into the job, John Browett, chief executive of DSG International announced yesterday he was not foreseeing a “chance for recovery until 2010”, following a first quarter slump in the market. Like-for-like sales in the 16 weeks to 23 August fell seven per cent on the same period last year, led by 12 per [...]
Microsoft beware: Google is moving into applications September 4, 2008 When Bill Gates stood down from Microsoft earlier this year, he was hoping his legacy would be secure. Windows Vista, the product of more than six years labour, was supposed to cement the firm’s hold on the computer desktop while the $10bn it had spent trying to topple Google should have at least allowed it [...]
Hedge funds braced for a major crisis September 4, 2008 Managers are facing their toughest year since 1990, finds David Crow Once seen as the best way to make money whatever the state of the market, the magic glue that held the hedge fund sector together is beginning to come unstuck amid the intense heat of the credit crunch. Barely a day goes by without [...]
Tokyo Mitsubishi is in the frame for a stake in Lehman as suitors drop out September 4, 2008 The saga over bids for a stake in Lehman Brothers assets entered a new chapter yesterday, as another potential suitor entered the fray and several parties rumoured to be interested dropped out. Reports from Japan suggested that the country’s banking powerhouse, Tokyo Mitsubishi UFJ, was monitoring the situation closely, with a view to making a [...]
Women must wait 73 years for job equality September 4, 2008 Representation of female bosses in the FTSE 100 has increased slightly – to 11 per cent – since last year, the newly launched “Sex and Power” report from the Human Rights Commission revealed yesterday. However, women will still be “waiting in the wings” for an estimated 73 years to achieve equal status to their male [...]
