M&G loans £100m to Stobart June 1, 2010 M&G Investments yesterday said it had arranged for its UK companies financing fund to extend a 10-year £100m loan to logistics firm Stobart Group. The loan will be used to pay down Stobart’s existing bank debt and to fund further investment, including developing Southend Airport, which was granted consent for a runway extension in March. [...]
EADS loses out on euro weakness June 1, 2010 Aerospace group EADS’s hedging programmes will prevent the company from taking advantage of the weaker euro over the next two years, chief executive Louis Gallois told shareholders yesterday. Gallois noted a hedging programme would mute currency impacts for 2010, 2011 and at least part of 2012 but said the stronger dollar “will certainly improve profitability [...]
Capita buys Premier Medical June 1, 2010 Capita Group has acquired medical reporting and screening specialist, Premier Medical, for £60m on a cash-free, debt-free basis. According to the outsourcing giant, the move adds “depth and breadth of expertise” to its existing services for the health market, which include running the NHS Choices programme and the health informatics firm, CHKS.
MICHAEL O’LEARY STEPS UP ATTACK ON ‘PERMA-TANNED’ UNION LEADER June 1, 2010 RYANAIR’S Michael O’Leary isn’t known as a man his rivals could turn to in a jam, but it appears leopards really can change their spots. Just a few weeks ago, O’Leary lashed out at the Unite union, which is representing British Airways cabin crew in a series of damaging strikes, labelling them a “bunch of [...]
Shopping around is the future of law June 1, 2010 COMMENTATORS talk excitedly about “Tesco Law” and the ongoing liberalisation of legal services as though it were a latter day gold rush led by big name supermarkets and banks. But what is it that consumers want? New research suggests that there is little enthusiasm on the part of the public to associate legal services with [...]
All roads to all people June 1, 2010 The Audi A4 Allroad has been launched into another new segment that Audi seems to have created. You can probably count the number of four-wheel drive estates you know of on one hand. The others are Audi’s own A6 Allroad, the Subaru Forester and the Skoda Octavia Scout which at its heart is an Audi [...]
PREVIEW | MOTOREXPO 2010 AT CANARY WHARF June 1, 2010 Docklands is going to become petrolhead heaven next week as the area plays host to the annual Canary Wharf London Motorexpo. The free event see Canary Wharf’s spaces filled with displays of many of the zippiest, funkiest and downright grooviest new cars from some of the biggest names in the auto industry. It’s a chance [...]
Ouch! Walcott shock victim of Capello’s England cull June 1, 2010 ARSENAL winger Theo Walcott’s international career lies in tatters this morning after Fabio Capello ruthlessly axed him from England’s World Cup squad. Walcott, 21, was the shock name among seven victims as manager Capello whittled down his party to the final 23 yesterday. Everton defender Leighton Baines was also culled, as were Sunderland striker Darren [...]
Has Fabio missed a trick with Johnson? June 1, 2010 ON PAPER, Fabio Capello’s squad looks well-rounded, but I just can’t help thinking he’s missed a trick with young Adam Johnson. If you’re picking players on form, there’s no-one quite in the mould of the Manchester City winger right now and I just think that blend of confidence, raw pace and a ‘no fear’ element [...]
Soderling claims top scalp again and ends Federer run June 1, 2010 ROGER FEDERER’S astonishing run of 23 consecutive Grand Slam semi-finals was brought to an abrupt end last night when the world No1 crashed out of the French Open to giant-killer Robin Soderling. Defending champion Federer looked on course to progress from the quarter-finals when he breezed through the opening set, but came unstuck amid rain [...]
