Bernie backs Brazil despite carjackings November 7, 2010 FORMULA ONE chief Bernie Ecclestone insists the Brazilian Grand Prix will be “around for another hundred years” despite the carjackings which marred yesterday’s race. World champion Jenson Button emerged unscathed from his ordeal, but only thanks to the quick thinking of police driver Daniel Toni, who ensured the Englishman, his father and manager all escaped [...]
M&S to reveal new masterplan November 7, 2010 MARKS & SPENCER will tomorrow unveil its blueprint for expansion with new chief executive Marc Bolland at the helm. The retail giant’s half-year results mark the start of a new era as Bolland shapes the company’s future – with international expansion expected to be high on the agenda. Analysts and investors are expecting a detailed [...]
Irish MPs warn of pension cut red line November 7, 2010 IRISH government lawmakers have warned the country’s finance minister Brian Lenihan that he will fail to push the 2011 budget through parliament if it includes public sector pension cuts. Lenihan is set to step up Ireland’s austerity drive by unveiling €6bn (£5.24bn) in spending cuts and tax hikes in the toughest budget on record on [...]
Chelsea’s lead is cut by revitalised Torres November 7, 2010 LIVERPOOL(2) v/s CHELSEA(0) TWO GOALS of the highest order against the meanest defence around would suggest Liverpool’s Fernando Torres is back to his best, but the striker insists there is still more to come. The past few months have represented something of a misery for Torres, with his form having taken a sizeable dip and his [...]
Pimlico Plumbers eyes float November 7, 2010 Pimlico Plumbers, Britain’s biggest independent plumbing company, is considering a flotation which would value the firm at £50m, according to its founder Charlie Mullins. Mullins, 57, was quoted over the weekend, saying he planned to keep a 50 per cent stake in the business and use the proceeds of the flotation to expand nationwide. In [...]
Barron’s eyes high GM price November 7, 2010 General Motors is likely to price at the high end of the $26-$29 (£16-£18) per share range when it makes its IPO debut on 17 November, but US financial magazine Barron’s raises the question of whether its Wall Street underwriters are being too conservative in pricing the deal. The carmaker’s strong third-quarter results, analysts’ views [...]
Eurofighter leading race November 7, 2010 THE EUROFIGHTER consortium, made up of Britain, Germany, Spain and Italy, is leading the race to win a £7bn deal to supply 126 Typhoon fighter jets to the Indian Air Force. The deal would create 2,000 new jobs in Britain. The Typhoon, produced by Britain’s BAE Systems, Italy’s Finmeccanica and pan-European aerospace firm EADS, topped [...]
RBC hires JPM Caz dealmaker November 7, 2010 MARK Preston, one of the City’s most influential rainmakers, is joining RBC Capital Markets – Royal Bank of Canada’s investment banking arm – as head of the UK advisory business. RBC is this morning poised to confirm the appointment of Preston, whose illustrious CV features stints at both JP Morgan Cazenove, Merrill Lynch and Deutsche [...]
Helicopter group mulls stake sale November 7, 2010 BOND Aviation, one of the largest helicopter operators in the UK, is mulling the possibility of selling part of the business to a private equity investor in order to fund its expansion. Bond, which operates two divisions – Bond Air Services, providing helicopters to the police and ambulance emergency services, and Bond Offshore Helicopters, which [...]
Embarrassment grows further for Serco November 7, 2010 EMBARRASSMENT grew at government contractor Serco last night after it admitted two of its suppliers gave in to its bully-boy tactics. The firm received condemnation after a letter demanding a rebate from its suppliers was leaked to the press. It was shamed into issuing a grovelling apology and says the “relatively small” amount of money [...]
