EMI boss quits ahead of key refinancing March 10, 2010 THE financially troubled EMI music label yesterday revealed that its chief executive Elio Leoni-Sceti is leaving after only 18 months in the post. Leoni-Sceti leaves with no job to go to. Having joined from Reckitt-Benckiser, he is said to have become disconsolate by the legal action between Citigroup, which funded EMI’s £4bn takeover by Terra [...]
Broadcasting boss Allen takes centre stage March 10, 2010 THE former boss of Britain’s biggest commercial broadcaster will add troubled record label EMI to his list of top jobs when he takes over the role of executive chairman at the end of this month. Charles Allen’s media career began in 1991 when the catering group Compass took over Granada, in a merger that finally [...]
US-based ICE touted as the Tullett bidder March 10, 2010 AMERICAN exchange operator IntercontinentalExchange (ICE) has been touted as the most likely bidder for Tullett Prebon, the inter-dealer broker headed by Terry Smith, which yesterday confirmed it was in early-stage talks with an unnamed potential buyer. Tullett said it was in preliminary discussions which “may or may not lead to an offer being made for [...]
BP tipped as frontrunner to buy Devon’s $5bn assets March 10, 2010 BP has emerged as a frontrunner to buy $5bn (£3.3bn) of oil assets from Devon Energy, the independent US oil and gas producer, according to sources. BP is looking at Devon’s position offshore Brazil, as well as Gulf of Mexico and Canadian assets, according to one source. BP is believed to be the leading contender [...]
Tesco hires new clothing chief March 10, 2010 TESCO has hired the former head of non-food at J Sainsbury in a bid to revive its £1bn clothing business. Richard Jones will replace Terry Green as Tesco’s clothing chief – running the clothing business in the UK, as well as taking charge of its home furnishings division. Green, whose five-year contract for Tesco is [...]
US and Europe tense over deal March 10, 2010 THE US and Europe face growing tensions over restrictions on export deals involving BAE Systems while European politicians protest the collapse of efforts to sell aerial tankers to the United States. The US said on Tuesday it would delay action on any new export license requests by BAE after it pleaded guilty to violating US [...]
Unstoppable Rooney rips into Milan March 10, 2010 MANCHESTER UTD (4) vs AC MILAN (0) Man Utd win 7-2 on aggregate WAYNE Rooney ensured David Beckham’s long-awaited return to Old Trafford was far more bitter than sweet as Manchester United’s latest hero condemned their old one to a crushing European defeat. Rooney effectively ended the tie and swept United into the Champions League [...]
I’m haunted by Scots loss, admits Wilko March 10, 2010 JONNY WILKINSON says England’s defeat by Scotland at Murrayfield two years ago was one of the most painful experiences of his career. It was the afternoon when the fly-half broke the world record for international points, but that was about all he had to celebrate as he was hauled off 11 minutes from the end [...]
Arsenal’s Gazidis preaching simple solution to football’s debt problem March 10, 2010 IT seems apt that Ivan Gazidis first fell in love with football at Portsmouth. His boyhood club’s grim descent into administration has laid bare the financial mismanagement prevalent even at the top level, where clubs borrow vast sums just to keep pace with their rivals. Now, as chief executive of Arsenal, he is among the [...]
Onions cries off as Broad faces late test March 10, 2010 ENGLAND seamer Stuart Broad appears to be winning his battle to be fit for tomorrow’s first Test with Bangladesh. The 23-year-old suffered a back injury during the one-day international series, forcing him to miss this week’s warm-up match with a Bangladesh A side. But the Nottinghamshire pace man bowled 10 overs during a net session [...]
