Europe plans internet charter September 27, 2011 The Council of Europe plans to establish an internet user charter to guarantee the rights of consumers in an era of increasing government attempts to seize control of the web, its deputy secretary general said yesterday. Internet activists say governments ranging from Egypt to Pakistan have been trying to control the internet through tactics like [...]
Central Rand Gold loses its mining permit September 27, 2011 CENTRAL Rand Gold (CRG) saw its shares crash 56 per cent to just 0.22p yesterday after the FTSE Fledgling firm had its mining licences revoked. The firm said the South African ministry of mineral resources has cancelled its mining rights with immediate effect, in a dispute over rules on mining work and social labour. The [...]
How anti-capitalist rhetoric is affecting us all September 27, 2011 THREE party conferences, and three more rounds of anti-capitalist rhetoric – and bearing the brunt, of course, are the bankers. YouGov’s BrandIndex illustrates how consistent negative rhetoric and press coverage has impacted the overall perception of the banking industry. The banking industry index average (spanning 10 retail banks) has remained persistently negative, at its lowest [...]
Rio Tinto lifts stake in Canada’s Ivanhoe Mines to 49 per cent September 27, 2011 RIO TINTO lifted its stake in Canada’s Ivanhoe Mines to 49 per cent yesterday as tensions continued over the huge Oyu Tolgoi copper-gold project in Mongolia. The Anglo-Australian miner bought 3.7m shares of Ivanhoe for about C$73m (£46m), bringing its stake in the exploration and development company to the maximum level allowed under a pact [...]
BAE confirms 3,000 job cuts across Britain September 27, 2011 DEFENCE and aerospace giant BAE Systems confirmed yesterday that it is cutting almost 3,000 jobs at sites across the country, as the industry reacts to diminishing defence budgets and increased competition from emerging markets. In a statement issued yesterday, Ian King, chief executive of BAE, said the firm need to cut back its workforce because [...]
Southern Cross returns care homes to landlords September 27, 2011 TROUBLED care home operator Southern Cross started to return its care homes to their owners and transfer its back office functions to a new company as it liquidated yesterday. The bankrupt care provider said it would move about two thirds of its 752 homes back to their owners by early November while HC-One, a new [...]
Volkswagen investors cheer Man approval September 27, 2011 SHARES in Man SE surged more than seven per cent yesterday after German carmaker Volkswagen secured EU approval to buy the truckmaker. Volkswagen, Europe’s largest car maker, clinched a 55.9 per cent stake in Munich-based Man in July, allowing it to compete with rivals Daimler and Volvo. Volkswagen’s shares also rose 6.7 per cent yesterday [...]
Topps profit will hit forecasts September 27, 2011 STRUGGLING Topps Tiles said yesterday it will hit City profit forecasts for around £13m for the year despite the weak state of the high street. Shares in the UK’s largest tile and wood flooring retailer surged by more than 25 per cent, making it the biggest riser in the FTSE indices, after the announcement. The [...]
Albemarle & Bond lifted by surge in price of gold September 27, 2011 PAWNBROKER Albemarle & Bond saw profits rise five per cent as demand for short-term loans rose sharply and the rise of the gold price boosted business. Group pre-tax profits rose to £21m in the year to June, on revenues that were 24 per cent ahead at £102m. Profit from short-term lending rose 15 per cent [...]
AG Barr sales hold up despite poor summer September 27, 2011 IRN-BRU maker AG Barr said yesterday its sales had narrowly risen in the first half. Profits were flat at £16.2m on sales up four per cent at £124m, following the coldest and wettest summer for 18 years. However, the company branded the performance “resilient”. Chief executive Roger White said: “This is a particularly positive result [...]
