Justice dept to slash £2bn from budget August 10, 2010 THE SCALE of the cuts to hit the public sector were exposed yesterday after the Ministry of Justice (MoJ) said it was planning to slash £2bn from its £9bn annual budget, leading to tens of thousands of job cuts and far fewer prison places. Ann Beasley, the MoJ’s director-general of finance, wrote to senior civil [...]
Disney gets its fairytale ending with $1.3bn profit August 10, 2010 HIT movies like Toy Story 3 and higher advertising sales have lifted quarterly profit at Walt Disney by 40 per cent, the firm said yesterday. Pre-tax profit for the three months to 3 July rose to $1.3bn (£820m), from $954m a year ago, while revenue beat analyst forecasts by rising 16 per cent to $10bn. [...]
Oracle slams HP’s corporate correctness August 10, 2010 Oracle boss Larry Ellison yesterday laid into Hewlett-Packard after its chief executive Mark Hurd was forced to resign following allegations by a former porn star. Ellison slammed HP’s board for ousting close friend Hurd despite clearing him of sexually harassing Jodie Fisher, star of movies including Sheer Passion and Intimate Obsession. Ellison said: “The HP [...]
I would boo too if I were watching, says Gerrard August 10, 2010 ENGLAND v/s HUNGARY STAND-IN skipper Steven Gerrard has admitted he too would boo England if he were a fee-paying fan at Wembley tonight. Just weeks after leading England’s dismal World Cup campaign in South Africa, Gerrard is bracing himself for an unsavoury reaction from a half-full stadium for tonight’s friendly with Hungary. Gerrard once again [...]
Capello calls up rookie keeper pair for Foster August 10, 2010 FABIO CAPELLO last night called upon two players with no Premier League experience to solve a fresh goalkeeping crisis. The Italian was forced to dig deep into his resources after goalkeeper Ben Foster withdrew from the squad after suffering a back injury in training. With Paul Robinson announcing his international retirement on Sunday, it left [...]
Bradley hints he’s ready to replace O’Neill at Villa August 10, 2010 USA coach Bob Bradley was installed as favourite to become Aston Villa’s new manager last night after admitting his desire to coach in Europe. Bradley has been linked with a move to Villa Park after Martin O’Neill stepped down as boss on Monday amid reports of a falling out with owner Randy Lerner over the [...]
International Power to get higher rating August 10, 2010 INTERNATIONAL POWER (IP) will get a healthier credit rating through its long-awaited merger with GDF Suez, shaving £40m from its annual financing costs, the firm said yesterday. IP is confident of improving its credit rating to “investment grade”, at least BBB–, meaning it will be able to borrow at cheaper rates. The lowered funding charges [...]
Shareholders have got off lightly August 10, 2010 THANK god for that. International Power (IP) shareholders have been given a welcome reprieve, after the majority of the company was snapped up by GDF Suez. Truth be told, there was trouble ahead for IP if it decided to go it alone. Cheer at the new investment grade credit rating belies the fact that IP’s [...]
Joe Cole: Better than Messi August 10, 2010 STEVEN GERRARD reckons his new Liverpool team-mate Joe Cole is even better than Lionel Messi. Cole, 28, was a bit-part player in England’s World Cup campaign and has been left out of the squad for tonight’s friendly with Hungary. But Gerrard, who was a key figure in persuading Cole to make the switch from Chelsea [...]
TUI suffers as cuts dent holiday sales August 10, 2010 TUI Travel saw its London-listed shares plunge by almost ten per cent yesterday after the Thomson Holidays owner said bookings had fallen over the third quarter of its fiscal year. Europe’s largest travel operator said airspace closures due to the volcanic ash crisis, coupled with uncertainty caused by government Budget cuts, had hit its business [...]
