Tesco China aims to quadruple its sales November 22, 2010 SUPERMARKET Tesco plans to quadruple sales in its Chinese business over the next five years, the firm said yesterday. Tesco told investors and analysts it hopes to hit £4bn in annual sales by 2015, in a country where sales are currently rising at eight per cent year-on-year. The firm aims to build more than 1,000 [...]
Church opposes Sky sale November 22, 2010 THE Church of England became embroiled in the row over News Corporation’s bid to take full control of BSkyB yesterday. The Right Reverend Nigel McCulloch, Bishop of Manchester and former member of the House of Lords Select Committee on communications, said if the bid were successful News Corp would “dominate both the television and newspaper [...]
Business insolvencies fall November 22, 2010 The number of business insolvencies fell 17 per cent to 1,635 in October compared to a year earlier business information provider Experian said yesterday. The downward trend in the number of companies going out of business is being maintained, despite worries about the economic outlook and some high-profile casualties. The figures back up official statistics [...]
Google in talks with Filmyard November 22, 2010 Google is in talks with Filmyard Holdings to gain digital rights to film studio Miramax’s archives to boost its efforts to turn YouTube into a destination with longer-form content, the New York Post said, citing people close to the situation. The current deal may include rights for more than 700 films. Google may have to [...]
Osborne axes plan to reveal bank bonuses November 22, 2010 GEORGE Osborne has performed a remarkable U-turn over plans to force banks to reveal details of pay and bonuses, in a major coup for the City. The chancellor has repeatedly said he would press ahead with proposals to make banks publish the pay and bonuses of employees who earn more than £1m in bands, while [...]
Spotify lost £1m per month in 2009 November 22, 2010 SPOTIFY, the online music service is losing £1m a month by offering free music funded by advertising, it was revealed yesterday. The web based music streaming site which is attempting to challenge i-Tune’s dominance in the market finally reported its 2009 figures which showed its advertising revenue was £4.5m while subscription-based revenue reached £6.5m, compared [...]
BP $20bn compensation fund likely to be enough November 22, 2010 BP’s $20bn (£12.5bn) fund should be enough to cover the billions owed in compensation, according to the lawyer administering the claims. Kenneth Feinberg, appointed by Obama to head up the compensation fund, said yesterday he had already paid $2bn to 125,000 people but had approved “less than half” of claims made. He said he wanted [...]
Carlo laughs off ‘totally untrue’ quit rumours November 22, 2010 CHELSEA v/s MSK ZILINA CHELSEA manager Carlo Ancelotti admits he has grown unhappy at Stamford Bridge – but only because his team have forgotten how to sweep all before them. Categorically denying intense speculation that he was considering quitting just six months after leading the Blues to the double, Ancelotti blamed the rumours on his [...]
Ancelotti show can’t banish all doubts November 22, 2010 IN FRONT of a baying press pack Carlo Ancelotti yesterday gave a first-rate impression of a manager utterly untroubled by his job. Yet for some it will be hard to shake the suspicion that it was just that: an impression. He flashed a broad grin on his entrance to the media room at Chelsea’s Cobham [...]
Wenger admits he can’t take risks with Cesc’s hamstring November 22, 2010 BRAGA v/s ARSENAL ARSENAL manager Arsene Wenger admits Cesc Fabregas’ hamstring troubles could be having a detrimental psychological impact on his performances. Fabregas has been suffering with the muscular injury in his right leg since his return to the club following his exploits in South Africa with Spain during the World Cup. The Arsenal skipper [...]
