WHAT THE OTHER PAPERS SAY THIS MORNING November 2, 2010 FINANCIAL TIMES ITV BLAMES REGIME FOR NEED TO CHASE RATINGS ITV could invest more in arts, factual programming and drama were it not for regulations, its managers told a Lords committee. Archie Norman, chairman of the UK’s largest commercial broadcaster, and Adam Crozier, chief executive, told the communications committee that ITV had been driven into [...]
All eyes turn to Canada ahead of Potash decision November 2, 2010 CANADA’S industry minister said yesterday he had still not made a decision on whether to allow BHP Billiton’s $39bn (£24.7bn) takeover of Potash Corp to continue. Tony Clement has until the end of today (4am Thursday, UK time) to give the green light to BHP Billiton under the Investment Canada Act, which requires foreign takeovers [...]
Hewlett-Packard boss to testify November 2, 2010 Hewlett-Packard’s new chief executive is set to testify at Silicon Valley’s biggest trial in years, possibly answering charges he oversaw SAP’s theft of software from Oracle. Oracle attorney Geoffrey Howard told a court yesterday that former SAP boss Leo Apotheker — who started his job as head of HP on Monday — would testify at [...]
Boris Johnson: Donate bonuses November 2, 2010 London mayor Boris Johnson yesterday called on bankers to donate some of their bonus to good works projects, after Japanese investment bank Nomura donated £150,000 to an after-school club in Camberwell and a Saturday school near King’s Cross. “With the bonus season upon us I hope others — individuals, as well as institutions — will [...]
Welsh wizard has proved to himself he is world class November 2, 2010 I REMEMBER being told a few years ago by Brian Flynn, the Wales Under-21 coach, about a player he had called Gareth Bale. He said this lad had five gears, maybe even six, although the most people usually saw was third. Well last night we all saw Bale firing on all cylinders. I don’t think [...]
Xstrata lifts offer for Sphere November 2, 2010 Anglo-Swiss miner Xtrata unit Sidero last night raised its takeover offer for Sphere Minerals to A$3.00 per share from A$2.50 per share, valuing its offer at A$514m (£420.4m). Xstrata has been forced to extend its offer after poor uptake of its initial offer. China-backed Sin-Tang holds an estimated 12 per cent interest in Sphere, an [...]
Lloyds sees its recovery start to slow November 2, 2010 LLOYDS Banking Group shares yesterday lost more momentum after a muted third-quarter interim statement which indicated that the group’s progress towards its objectives has slowed compared to the first half of the year. In an update notably thin on numerical detail, Lloyds said it delivered “good underlying income growth…[and] lower costs through continued strong integration [...]
Fletcher and Nani injuries mar United Turkey blitz November 2, 2010 BURSASPOR vs MANCHESTER UTD MANCHESTER UNITED need just a point from their remaining two group games to ensure a place in the competition’s last 16 after their hammering of Bursaspor. Following a goalless but entertaining first half United struck three times after the break through Darren Fletcher, the influential Gabriel Obertan and substitute Bebe as [...]
Lloyds November 2, 2010 CONSIDERING the turmoil that Lloyds has been through in recent years, it would be wrong to expect anything other than a mixed picture at this stage in its long march back to health. Still, it would be nice if the image were a little clearer, a fact not helped by management’s aversion to numbers in [...]
BP sees profit despite $40bn Gulf spill costs November 2, 2010 BP revealed the enormous full cost of the Gulf of Mexico spill yesterday, as it posted a 63 per cent drop in profit that still managed to beat forecasts. The UK-listed oil giant said the disaster in April has cost $39.9bn to date, including a $20bn fund set aside for compensation claims. The company booked [...]
