Former Lloyds chief Eric Daniels tipped as next Aviva chairman March 17, 2011 ERIC Daniels, the former Lloyds Banking Group chief executive, is a candidate to become the next chairman at insurer Aviva, City A.M. learned yesterday. Daniels, who stepped down as Lloyds’ chief executive at the start of March, is one of about five candidates approached by Aviva about taking a non-executive board position. The new director [...]
Imperial Commander to rule at Cheltenham March 17, 2011 THERE have only been five 10-year-old winners of the Cheltenham Gold Cup since 1970 and no horse older has won since What A Myth in 1969, but that could all be about to change in today’s highlight. The winners of the last four renewals all line-up and there won’t be a dry eye in the [...]
General Mills set to snap up Yoplait stake March 17, 2011 GENERAL Mills is set to buy a 50 per cent stake in French yoghurt maker Yoplait from PAI Partners for roughly €800m (£496m). The deal would give Yoplait, the world’s second-largest yoghurt maker after Danone, a total value of €1.6bn, some four times the value of the business when PAI invested in 2002. French dairy [...]
Upbeat outlook for FedEx as delivery company foresees growth in demand March 17, 2011 FEDEX, the world’s largest cargo airline, forecast improved revenue and margins in the current quarter and beyond, and sees more shipments for reconstruction in Japan. The brightening outlook overshadowed lower earnings for the fiscal third-quarter, ended 28 February, which was slammed by severe winter storms and spiking oil prices. The package delivery company said fourth-quarter [...]
Nicholls to kick off the last day with big double March 17, 2011 PAUL Nicholls started the 2011 Cheltenham Festival with a bang thanks to Al Ferof’s victory in the Supreme Novices’ Hurdle and he could end it in style this afternoon. The champion trainer won the Triumph Hurdle in 2008 with Celestial Halo and he holds outstanding claims this afternoon with SAM WINNER, Zarkandar and Brampour. Ruby [...]
Lederman begins LSE action March 17, 2011 A FORMER executive’s industrial relations case against the London Stock Exchange (LSE) got off to a fiery start yesterday as hundreds of documents came to light just hours before the beginning of the Tribunal hearing. The former head of Turquoise Eli Lederman is suing the LSE under laws that protect employers when one business is [...]
Tullett Prebon seeks £14m from BGC for staff exodus March 17, 2011 INTER-DEALER broker Tullett Prebon is pursuing US arch-rival BGC for damages of around £14m for poaching key staff, a source said yesterday. Laying out its case at the start of yesterday’s trial into how much compensation BGC should pay for raiding its employees in 2009, Tullett’s lawyer said the defections damaged the value of remaining [...]
IN-RUNNING TRADING HINTS March 17, 2011 The Cheltenham Gold Cup is arguably the most eagerly anticipated race of the week for in-running players because of the presence of both Kauto Star and Denman. The pair are household names and I’d be staggered if they are sent off as big as the respective 7.5 and 8.5 currently available on Betdaq. If the [...]
Lloyds cuts jobs to merge HBOS March 17, 2011 Lloyds is to axe 570 jobs from across its business as part of its integration process with Halifax Bank of Scotland. The state-owned lender is also set to outsource up to 600 roles. The cuts, which will mainly come from back-office roles, will take the total number of job cuts at the bank close to [...]
HMV shares surge by over 30pc March 17, 2011 HMV’s shares surged 32.6 per cent to 15.25p yesterday after chief executive Simon Fox said he was “confident” that the struggling retail firm would survive. Fox said talks the music, books and gaming group was having with its consortium of eight banks, including the state-backed Royal Bank of Scotland and Lloyds Banking Group, were “very [...]
