Andy Hornby eyed for Coral June 26, 2011 ANDY Hornby, the former chief executive of Alliance Boots, has been named as a frontrunner for the top job at Coral, the bookmaker. Hornby, 44, stood down from Alliance Boots, owner of the high street chemist, in March, after saying he needed “a few months’ break”. However, according to weekend reports, he is tipped to [...]
MPs’ inflation quiz for King June 26, 2011 MERVYN King and his colleagues on the Bank of England’s monetary policy committee will testify in front of the Treasury Select Committee (TSC) in Westminster tomorrow, days after suggesting that a further period of quantitative easing could be in the pipeline. King will face questioning over the Bank’s latest inflation report, in which it was [...]
Shoppers keep an eye on spending, survey shows June 26, 2011 CAUTIOUS customers are turning their backs on credit cards and turning to cash or debit cards to pay for shopping, the British Retail Consortium (BRC) revealed today. Use of credit cards dropped by 12.9 per cent in 2010, while use of debit cards climbed by 15.8 per cent. “Hard-pressed customers are switching to cash and [...]
UK’s co-operatives: we’ve boomed since credit crisis June 26, 2011 CO-OPERATIVES have massively outperformed other organisations since the credit crunch, a group promoting the sector will claim today. The turnover of all UK co-operatives, including companies such as John Lewis and the Co-op, has surged by 21 per cent since the financial crisis hit in 2008, its figures show. The combined turnover of all co-operatives [...]
Rolet faces test to tie-up TMX merger June 26, 2011 LONDON Stock Exchange chief Xavier Rolet faces a crucial test this week as shareholders in TMX Group, the Toronto bourse operator, vote on their agreed merger. The battle to tie up the friendly deal is on a knife edge, ahead of the simultaneous poll for LSE and TMX shareholders at 3pm on Thursday. “I suspect [...]
We will muddle through amid economic woes June 26, 2011 IT’S amazing how far we’ve come in a short period of time. Back in early February, financial markets were still pricing in the chances of a Bank of England rates rise in May. Now, with the release of minutes from June’s MPC meeting, a rate hike isn’t fully expected until July 2012. As a result, [...]
Sir Richard Branson warns striking pilots their action may leave an indelible scar on the airline June 26, 2011 VIRGIN Atlantic boss Sir Richard Branson has warned pilots their planned strikes could inflict an “indelible scar” on his airline. Writing in The Times today, the company president says he may be unwilling to bail out the airline if its balance sheet is hurt by “self-inflicted” wounds. His warning, which is his first intervention in [...]
BAE Systems wins £46m contract June 26, 2011 BAE Systems has been awarded a £46m contract to support the Sampson multi-function radars on board the fleet of six Royal Navy Type 45 Destroyers. The new six-year contract includes cover for the Sampson radars, both in-service and on Type 45s that are yet to enter service, as well as maintenance. The multi-function radars act [...]
Cars sequel crunches critics June 26, 2011 Cars 2, a Pixar sequel judged by critics to be the worst movie produced by the Disney-owned animation studio, sped to the front of the pack at the weekend box office in North America. According to studio estimates issued yesterday, the massive merchandising opportunity earned about $68m (£42.6m) during its first three days of release [...]
Regent Street branded new Fifth Avenue June 26, 2011 SUPERGROUP chief executive Julian Dunkerton has labelled Regent Street – where it is to have its flagship store – as “the UK’s answer to Fifth Avenue”, as some of the world’s most famous brands line up to set up shop there. In a changing of the guard among retailers, SuperGroup has bought the lease on [...]
