Morgan Stan puts hold on recruitment September 28, 2010 US investment bank Morgan Stanley has frozen all recruitment for the remainder of the year, it said yesterday, offering no guarantees over when it would begin hiring again. The bank, which employs around 5,000 people in the UK, sought to quell fears of job losses, saying although it had stopped recruiting it had no plans [...]
Hunt relaxes media rules September 28, 2010 CULTURE secretary Jeremy Hunt yesterday outlined plans to scrap cross-media ownership rules. The changes mean that holders of Channel 3 licences like ITV, STV and UTV will also be able to own regional papers without restrictions. An aide to Hunt said: “We’re basically clearing the decks. The regulations are outdated. We want to deregulate as much [...]
Boeing wins a $5.3bn US Navy contract September 28, 2010 BOEING has finalised a $5.3bn (£3.4bn) four-year agreement with the US Navy to build 124 F/A-18 fighter jets and electronic attack planes, a deal creatin savings of over $600m. The deal, announced yesterday by Boeing and the Pentagon, calls for the company to deliver 66 F/A-18 “Super Hornet” fighters and 58 EA-18G airframes designed for [...]
Thomas Cook sees dip trigger job cuts September 28, 2010 TOUR operator Thomas Cook yesterday warned of job cuts as it prepares for “substantial” cost savings. The group said it would be looking at its UK workforce of between 13,000 and 15,000 staff and suppliers as a cuts package was drawn up. Thomas Cook said it had been forced into the measures as government spending [...]
Thomas Cook September 28, 2010 INVESTORS have lost patience in trusting Thomas Cook to deliver an Indian summer. Yesterday’s £10m downgrade to full-year profits comes fast on top of August’s profit warning, and sent investors scurrying for warmer climes. The shares’ 6.3 per cent fall to 171.7p means they now stand at their lowest point since December 2008, and are [...]
Jacques Vert sales on the rise September 28, 2010 Jacques Vert’s like-for-like sales rose 3.6 per cent for the first 22 weeks of its financial year. The womenswear group, which includes the Jacques Vert, Windsmoor, Planet and Precis chains, said that gross margin over the period was in line with expectations, but slightly lower than last year. In a statement co-inciding with thecompany’s AGM [...]
Aston Martin UK’s coolest brand September 28, 2010 Sports car maker Aston Martin is the coolest brand in Britain, according to a survey. Renowned for making vehicles driven by James Bond, it came top of the annual poll, reclaiming the number one spot from Apple’s iPhone which came second. Apple’s iPod was named third coolest, followed by Blackberry and stereo and TV maker [...]
IRN-BRU PUTS FIZZ IN AG BARR PROFIT September 28, 2010 IRN-BRU maker AG Barr has seen its profit and revenues fizz in the first half and is planning to sell more drinks south of the border through advertising campaigns. The Scottish drinks firm saw pre-tax profit rise 18.8 per cent to £16m from £13.5m the year before. Chief executive Roger White (pictured) said: “In Scotland [...]
JJB discounts send share price down September 28, 2010 JJB SPORTS saw is shares slide yesterday after it admitted it would be forced to step up promotions in the face of the gloomy consumer environment. The retailer said tough times required slashing prices – but the stock plummeted after the announcement closing 14.6 per cent lower at 9.4p. The 249-store-group said sales at stores [...]
Travel cover market slow September 28, 2010 THE need for comprehensive travel insurance has been highlighted this year by the Icelandic volcanic eruption and the travel chaos that ensued. The plight of Britons without adequate coverage – often examined in gruesome detail by the press this summer – has meant that we are more wary of the need for better safeguards when [...]
