Dell to slash its costs by $2bn June 13, 2012 DELL yesterday outlined plans to slash more than $2bn (£1.3bn) in costs over the next three years, primarily from the supply chain and sales group, as it sharpens its focus on the technology needs of corporations. Software and services are a key growth area, Dell executives told analysts at a conference in Texas yesterday. The [...]
Oil production set to stay same June 13, 2012 OPEC is expected to leave its production ceiling unchanged at 30m barrels a day at today’s meeting. The move is expected despite Saudi facing pressure from fellow members of the Organization of the Petroleum Exporting Countries (OPEC) group to cut oil output in a bid to prevent a further slide in crude prices. Brent crude [...]
Rebekah Brooks bailed after court date over hacking scandal June 13, 2012 REBEKAH Brooks made a preliminary appearance in a London court yesterday, accused of hindering a police investigation into phone hacking and corruption by staff at British tabloids. A large crowd of photographers and reporters greeted the arrival at court of the 44-year-old, a former editor of both the News of the World and The Sun. [...]
Network Rail falls short of punctuality targets June 13, 2012 DISAPPOINTING train delays, a poor performance for freight customers, irate operators – but at least there are fewer rail replacement buses, said the UK rail watchdog yesterday. The Office of Rail Regulation (ORR) said it was “very disappointed” by Network Rail’s customer service in the last year, as the authority in charge of Britain’s train [...]
JD Sports sales rise but warns on Blacks loss June 13, 2012 JD sports, the sports fashion and trainers retailer, yesterday posted a sales rise of 1.2 per cent but warned its recent acquisition of Blacks Leisure could lose up to £15m this year. Sales of sports goods rose by 1.2 per cent in the 19 weeks to 9 June, the firm said, while fashion sales jumped [...]
Zara owner Inditex bucks EU gloom with sharp profits rise June 13, 2012 INDITEX, the Spanish fashion retailer behind Zara and Massimo Dutti, has posted a sharp rise in first quarter earnings amidst volatile conditions and poor consumer demand in Europe. Sales rose to €3.4bn (£2.8bn) in the three months to 30 April, up 15 per cent on last year while net profit jumped by 30 per cent [...]
Berwin Leighton Paisner revenue up June 13, 2012 City law firm Berwin Leighton Paisner yesterday announced an eight per cent rise in revenue for its 2011-2012 financial year. BLP posted turnover of £246m – up from £229m last year. The firm benefited from its international presence, with revenues outside the UK up by 45 per cent.
Tillman fights for Croydon store June 13, 2012 Allders of Croydon, the department stored bought by entrepreneur Harold Tillman in 2005, is in crisis talks with its landlords to reduce its rent and stave off administration. Tillman is said to have requested a rent-free period from its landlord Jupiter properties, and asked Croydon Council for a business rates-free period.
Esprit chairman steps down June 13, 2012 Joachim Korber, the chairman of Esprit Holdings resigned yesterday, dealing a double blow to the clothing retailer a day after its chief executive Ronald van der Vis stepped down in a move that wiped out nearly a quarter of the company’s share price. The resignations have cast a cloud over the company’s HK$18bn (£1.4bn) restructuring [...]
Seven pc refuse Johnston pay deal June 13, 2012 Almost seven per cent of voters declined to back Johnston’s Press remuneration report at the publishers’ annual general meeting yesterday. At the meeting, chief executive Ashley Highfield said the papers which recently switched from daily to weekly were showing an average increase of 77 per cent over their previous daily sales, despite some price increases.
