Blacks confident on refinancing July 15, 2009 Outdoor goods retailer Blacks Leisure Group said yesterday it was confident of securing new funds crucial for its turnaround plan, as it reported a further fall in sales. The firm said it was in an “advanced state of negotiation” with Lloyds Banking Group for the renewal of its existing working capital facility of £35m. In [...]
CITY MOVES WHO’S SWITCHING JOBS July 15, 2009 GE CapitalJames Fenner has been named as the new Head of capital markets for GE Capital in EMEA. Based in London, he will be responsible for all strategic lease and loan syndication activities and will oversee securitisation and alternative funding strategies, in partnership with GE’s Treasury function, for GE Capital businesses in the region. Fenner [...]
SHAREHOLDER VIEWS: WHAT SHOULD SAINSBURY’S DO DIFFERENTLY? July 15, 2009 BERNIE FIELDING“I think they could do more to boost the share price. Despite all the updates and improved trading, it still hasn’t lifted the market value by much. Tesco and Morrisons have achieved that. I don’t understand why Sainsbury’s is lagging and I want answers.” DIANA DENNIS“I think under the current conditions Sainsbury’s have done [...]
Microsoft topples Google as consumers’ top brand July 15, 2009 SOFTWARE giant Microsoft has reclaimed its title as the number one UK brand in the UK, overthrowing rival Google, which claimed the crown last year. Bill Gates’ firm moved from second to first place in the 12th annual Superbrands survey, dealing its latest blow in the ongoing battle between the firms for industry dominance. In [...]
Sainsbury’s chair faces two jobs row July 15, 2009 J SAINSBURY chairman Sir Philip Hampton yesterday faced questions over his £396,000 pay packet and whether he had enough time to be the chairman of both Sainsbury’s and Royal Bank of Scotland (RBS). One shareholder at the retail giant’s annual meeting called on Hampton to halve his pay as long as he did both jobs. [...]
Freddie exit won’t hurt Ashes bid July 15, 2009 ANDREW FLINTOFF’S announcement came as a surprise to no-one. It had become increasingly clear that his physique was not up to the rigours of Test cricket. Retiring from that is the best decision for him – the lesser workload will help his knee, and in any case his game is better suited to one-dayers and [...]
Flintoff: My body has told me it’s time to quit Tests July 15, 2009 ENGLAND’S Ashes preparations took a shock turn yesterday when talismanic all-rounder Andrew Flintoff announced the current series would be his last in Test cricket. Ahead of today’s second clash with Australia at Lord’s, Flintoff said persistent injury problems over the last four years had forced him to reduce his workload. The 31-year-old will continue to [...]
Borthwick takes Sarries lead July 15, 2009 RUGBY UNION: Saracens have appointed England captain Steve Borthwick as skipper for next season. Borthwick shared the role with Andy Farrell last year but has been handed sole responsibility following the rugby league convert’s retirement. South African back row Wikus van Heerden will be Saracens’ new vice-captain.
It’s Bolt vs Powell in London July 15, 2009 ATHLETICS: Triple Olympic champion Usain Bolt will take on fellow Jamaican Asafa Powell in a top class 100m clash at the London Grand Prix this month. Powell, who confirmed his participation yesterday, was the last man to beat Bolt over that distance, in Stockholm 12 months ago. They will be joined in the race at [...]
Khan primed for Hatton July 15, 2009 BOXING: Promoter Frank Warren says he could pit Amir Khan against fellow Brit Ricky Hatton, if the Bolton youngster comes through his first world title fight. Light-welterweight Khan faces Ukrainian WBA champion Andreas Kotelnik in Manchester on Saturday. “Let’s see if Amir gets the belt first,” said Warren. “I think Ricky Hatton should retire but [...]
