BP November 7, 2010 Investors in BP should not be surprised by the news that chief executive Bob Dudley is planning to slash the dividend if and when payments are resumed next year. The American oil veteran was drafted in to the top job to aid the company’s public image following the disastrous Deepwater Horizon explosion on 20 April, [...]
Hands to fight to retain EMI November 7, 2010 GUY Hands’ private equity group Terra Firma will fight to keep hold of beleaguered music label EMI, a source close to the company said yesterday. British tycoon Hands lost a $2bn (£1.25bn) fraud case against his bank Citigroup linked to his £4.2bn purchase of EMI last week, and reports at the weekend suggested he might [...]
Retailers set to add pennies for charities November 7, 2010 A NEW national charity collection scheme launches across the UK today in a bid to counter a decline in donations due to economic uncertainty. Pennies, an “electronic charity box” that enables credit card users to add a charitable donation of up to 99p to their purchases, goes live at all Domino’s pizzas stores today and [...]
Microsoft, Saxo launch trading joint venture November 7, 2010 SAXO Bank has teamed up with Microsoft to launch a new trading platform aimed at allowing individual investors the kind of access to the markets previously enjoyed only by professionals. MSN Trader will allow individuals access to trading in 11,000 stocks on 23 exchanges globally, as well as bonds, exchange-traded funds (ETFs), futures, FX options [...]
Johnson: I won’t settle for us being nearly men November 7, 2010 ENGLAND(16) v/s NEW ZEALAND(26) ENGLAND may have offered hope with a late rally against New Zealand but manager Martin Johnson has warned his team not to be content with the role of gallant losers, even if it is against the world’s best. The home side’s fightback from 14-0 down at half-time against the All Blacks [...]
Tories to fight Lib Dem allies November 7, 2010 LIBERAL Democrats and Conservatives are squaring up for their first head-to-head electoral battle since forming the coalition government. A by election is to be held in the seat of Oldham East and Saddlesworth after Labour immigration spokesman and former Cabinet minister Phil Woolas was last week stripped of the seat for lying about his Liberal [...]
Former HP boss denies new claim November 7, 2010 A FORMER Hewlett-Packard (HP) contractor once claimed Mark Hurd divulged details about HP’s plans to acquire Electronic Data Systems before the deal was announced in 2008, said a source familiar with the matter. A spokesman for Hurd denied the allegation. Jodie Fisher, the contractor at the centre of the controversy that led to Hurd’s ousting [...]
Canada considers a tougher takeover law November 7, 2010 CANADA is considering toughening up its foreign investment rules in the wake of its rejection BHP Billiton’s bid for Saskatchewan company Potash Corp last week. Industry minister Tony Clement, who said last week that BHP Billiton’s $39bn (£24.7bn) hostile bid for Potash did not deliver a net benefit to the country, said in an interview [...]
Boards may have to hire more women November 7, 2010 FTSE 100 companies could be forced to appoint morewomen to their boards under proposals being considered by Lord Davies, the former business minister. Lord Davies, who has been looking into why men still hold most of business’ top positions, is considering a quota of up to 40 per cent in the boardrooms of FTSE 100 [...]
Seb hints at helping Webber November 7, 2010 SEBASTIAN VETTEL will haven no qualms about assisting his Red Bull team-mate Mark Webber win the world title, should his own attempts to do so fizzle out. For the first time in the history of the sport, four drivers will head into the final Grand Prix of the season with a chance of being crowned champion. [...]
