Newcastle victory seals title and cheers Ashley April 19, 2010 NEWCASTLE United clinched the Championship title with a 2-0 win at Plymouth on a night of mixed emotions at Home Park. First-half goals from striker Andy Carroll and winger Wayne Routledge sealed a victory that prompted jubilant away fans to invade the pitch at the final whistle. The Plymouth faithful were anything but celebratory, however, [...]
Unilever puts Italian firm on block April 19, 2010 Consumer goods giant Unilever is set to put its Italian frozen foods unit up for sale next week with private equity groups Permira and Lion Capital likely to lead the €600m plus (£527.6m) auction, sources close to the situation said yesterday. Permira, which owns Birds Eye Iglo, and Lion Capital which runs Findus Group are [...]
Novartis buys Oriel Therapeutics April 19, 2010 Swiss drugmaker Novartis has bought privately held US company Oriel Therapeutics to boost its generics portfolio in the multibillion-dollar market for respiratory drugs. The move suggests the Swiss drugmaker may see a simpler route to market with Oriel’s electronic inhaler device than with another device from Britain’s Vectura Group.
ECB: banks to face risks as earnings rise April 19, 2010 Euro area banks still face big risks even after earnings rebounded in 2009 on the back of surging investment banking profit, the European Central Bank said yesterday. “Notwithstanding the improvement in euro area [banks’] earnings in 2009, the outlook for euro area banking system stability is clouded by significant risks,” the ECB said in its [...]
CITY VIEWS: WHERE DID IT ALL GO WRONG FOR ARSENE WENGER AND ARSENAL THIS SEASON? April 19, 2010 LEONIDAS KOUKOS | LLOYDS REGISTER “It went wrong years ago. Wenger has put too much emphasis on youth and hasn’t balanced the side up with experience and big-game performers. They have also suffered with injuries and the squad has been found wanting without sufficient back-up.” MATT FAGAN | DEUTSCHE PFANDBRIEFBANK “The fact Sol Campbell has [...]
Deutsche Bahn will offer Arriva £1.5bn April 19, 2010 GERMAN state rail company Deutsche Bahn is willing to offer just over £1.5bn in cash to buy Arriva, the British train and bus operator said. Arriva said it was in advanced talks with Deutsche Bahn about its offer of 775p per share and that Arriva shareholders would be entitled to receive a proposed final dividend [...]
Wal-Mart chief executive sees remuneration slump April 19, 2010 Wal-Mart Stores chief executive Michael Duke received a compensation package worth slightly more than $19m (£12.4m) in the financial year ended in January, down sharply from $28.2m a year earlier when he received a big stock award related to his promotion to the top job. Duke replaced Lee Scott, who retired as chief executive as [...]
Insider dealing case begins over Novartis buyout April 19, 2010 A FINANCE director and two lawyers appeared in court yesterday charged with eight counts of insider dealing during the £305m takeover of a biotech firm NeuTec Pharma by Swiss giant drugmaker Novartis in 2006. Andrew King, 62, is charged with disclosing inside information about the takeover of NeuTec Pharma, which he was party to as [...]
MIRAMAX: BACK TO THE FUTURE April 19, 2010 HARVEY and Bob Weinstein have moved a step closer to regaining control of Miramax, the film studio they sold to Disney 17 years ago. They are preparing to launch an audacious $660m (£392m) bid for the studio that produced classic movies such as Pulp Fiction, staring Uma Thurman (pictured), and Shakespeare in Love.
Balfour Beatty wins contract April 19, 2010 Contractor Balfour Beatty was named as Ealing Council’s preferred bidder for its £300m public-private partnership school building project yesterday. The contract win, Balfour Beatty’s fourth this month, will see the firm deliver upgrades and extensions to 14 of the borough’s schools, along with the construction of a new site in North Greenford. IT specialist RM [...]
