Fears of City exodus from Non-dom plan February 7, 2011 GOVERNMENT plans for a crackdown on “non-doms” could hit Britain’s economic recovery and cause an exodus of wealth creators from the City, tax experts warned yesterday. Chancellor George Osborne is considering plans to introduce a flat-rate levy for the 120,000 non-doms – people residing in the UK, but not domiciled here to avoid paying UK [...]
AstraZeneca cancer drug fails its trials February 7, 2011 ASTRAZENECA has dropped its experimental prostate cancer drug zibotentan from the late stages of trials, it said yesterday. The pill failed efficacy tests following a review by the Independent Data Monitoring Committee (IDMC). The withdrawal of the product is a blow to the UK’s second largest drugmaker, which has also seen trial failures for separate [...]
888: Ladbrokes deal is on track February 7, 2011 Online gaming firm 888 said yesterday that it remains hopeful of being taken over by rival Ladbrokes after reporting better-than-expected fourth-quarter revenue. The group said operating profit increased 18 per cent on the previous quarter to $71m (£44m). The performance was boosted by a turnaround in the performance of the group’s poker business following a [...]
M&S POACHES NEW ONLINE BOSS FROM TESCO February 7, 2011 MARKS & Spencer has poached Laura Wade-Gery from supermarket group Tesco to head its internet business, underscoring new boss Marc Bolland’s commitment to growing sales online. Wade-Gery will join as executive director of multi-channel and e-commerce as the retailer aims to double online sales by 2013-14.
Moss Bros in Boss sell-off February 7, 2011 MOSS BROS yesterday sold its 15 Hugo Boss outlets in a move to concentrate more on its own brands. The £16.5m deal sees Hugo Boss taking back the stores, two of which are in the City. Moss Bros, which also trades as Savoy Taylors Guild and Cecil Gee, has run Hugo Boss stores under franchise [...]
Theo: World Cup snub the making of me February 7, 2011 ARSENAL’S Theo Walcott firmly believes missing out on last summer’s World Cup has turned out to be a blessing in disguise. Having featured in the three warm-up matches leading up to the announcement of Fabio Capello’s squad, despite some indifferent form, Walcott was expected to play a significant role in South Africa. Capello, however, lived [...]
Brian Brick breathes new life into outfitter February 7, 2011 BRIAN Brick is in the middle of a turnaround plan to restore Moss Bros to health after the ailing 88-year-old retailer lost its way. His reputation in the clothing industry is that of an effective, low-key retailer with an eye for detail. The scale of his task was shown by a pre-tax loss of £3m [...]
3-5-2 is back and it adds up to trouble for Chelsea February 7, 2011 IT’S a system that drifted out of fashion in the Premier League some years ago, but 3-5-2 worked a treat for Kenny Dalglish and Liverpool at Chelsea on Sunday. It smothered the attacking threat of the home side’s three forwards, allowing the improving Reds to spoil Fernando Torres’ debut with a shock win. Lining up [...]
Comet job consultation starts February 7, 2011 Electricals retailer Comet – which will shut 14 of its service centres – yesterday begun consultations with 411 affected staff as it seeks to make redundancies. Among those sites affected include the electrical giant’s customer service centre in North Lanarkshire with the loss of 40 jobs. The company is centralising its distribution network in a [...]
Staff to work on Royal Wed day February 7, 2011 About 400 staff at a floor company have been told to work on Royal Wedding day, even though the government has declared it a bank holiday. The GMB union said that Lancashire-based Interfloor has told staff that 29 April will be treated “as a normal working day”. Anyone wanting the day off must request to [...]
