Andrew Jones to list new firm March 7, 2010 Former British Land retail boss and board director Andrew Jones is planning to list new property company Metric Property on the London Stock Exchange with an estimated fundraising of more than £150m.
Oscars axed for Cablevision March 7, 2010 Disney yesterday cut ABC television stations from 3m Cablevision customers in New York in a disagreement over fees paid to Disney by Cablevision. The dispute meant Cablevision customers could not see Disney’s exclusive broadcasting of the Academy Awards.
Reader’s Digest has keen suitors March 7, 2010 Reader’s Digest UK has attracted almost 100 potential buyers since going into administration last month. Accountants Moore Stephens have set a mid-week deadline for offers for the 72-year-old British edition. The magazine, once the country’s best-read, went out of business after the American parent company said it could no longer support it.
Biffa in £350m power unit sale March 7, 2010 Waste Management group Biffa is selling its electricity and landfill gas business for £350m as part of a shift in strategy. Biffa, hit by 20 per cent drop in commercial waste volumes, is expected to use the proceeds of the sale to finance the construction of new high-tech plants across the UK.
Election fears continue to weigh on sterling March 7, 2010 I WAS reading the news the other day and a headline caught my eye: “The Pound Plummets”. I couldn’t help but feel that it is too early to use “plummets” in this context. Since the beginning of this year, the pound is down around seven per cent against the dollar, but we have been quick [...]
IoD calls for urgent deficit action March 7, 2010 The Institute of Directors has called for the next government to act immediately to address the budget deficit, despite concerns over the effect of fiscal tightening on a budding economic recovery. IoD director general Miles Templeman said: “The argument that early cuts will jeopardise the recovery is mistaken…Lower spending will trigger a series of positive [...]
Pension owners still confident March 7, 2010 One third of people working in the UK believe their pension will give them enough money to retire on, according to recent research by the National Association of Pension Funds. Results found 27 per cent said they would be confident in pension saving if they were sure they would not lose any money, while 44 [...]
Government sets hard line on diversity March 7, 2010 COMPANIES may be forced to disclose the actions they take to increase the proportion of women in senior roles within their ranks, under new government proposals to be unveiled today. Ministers have called on the Financial Reporting Council to consider including a new clause in the UK corporate governance code, dedicated to improving disclosure around [...]
Glynn winning Ladbrokes race March 7, 2010 SPORTING Index chief executive Richard Glynn is said to be at the front of the race to take over betting agency Ladbrokes. He is understood to be the favoured candidate for the role although no decisions have been made. Other candidates vying for the role include Ladbrokes head of online John O’Reilly. Former Easyjet boss [...]
End of era for Johnston Press March 7, 2010 FREDDIE Johnston will finally step down from the board of Johnston Press, the company his family founded in 1767, after 51 years. The 75-year-old’s departure will mark the first time in 243 years there is no Johnston on the board. But the family legacy is not yet dead – his son Michael is divisional managing [...]
