AIRBUS IN CRISIS TALKS February 16, 2010 AN AIRBUS Beluga Transporter unloads the cockpit of an A400m military airplane. Airbus parent EADS is studying a new offer of aid for the delayed and over-budget A400M military transporter plane from seven buyer nations. There is renewed speculation of a long-awaited rescue deal this week. One source described the talks as “serious”, after weeks [...]
Shell bows to revolt over pay and bonuses February 16, 2010 Shell’s shareholders scored a victory yesterday after last year’s revolt on remuneration forced the oil titan to freeze pay and curb bonuses. In a letter to shareholders, Hans Wijers, new head of the group’s remuneration committee, said salaries have been frozen from July 2009 to January 2011 in an effort to increase the “alignment between [...]
CITY MOVES | WHO’S SWITCHING JOBS February 16, 2010 Amati Global Investors The newly-formed investment manager, which manages the Noble Aim VCT and CF Noble UK Smaller Companies funds, has appointed Eddie Edmonstone as a director. Edmonstone is something of a veteran in the City, having previously been director of corporate broking at stockbroking group FinnCap. He was also formerly a founder of Peel [...]
White-hot Rooney runs riot in Milan February 16, 2010 AC MILAN v/s MANCHESTER UTD SIR ALEX FERGUSON heaped praise on striker Wayne Rooney after his two-goal show ensured Manchester United drew first blood in a thrilling Champions League last-16 clash at the San Siro. Rooney stole the limelight from England team-mate David Beckham by heading home twice in the space of eight second half [...]
Exxon’s gas focus helps it to bolster 2009 oil reserves February 16, 2010 Exxon Mobil added 2bn barrels of oil equivalent (BOE) to its proved reserves in 2009, or 133 per cent of its production for that year, the largest US oil firm said yesterday. Exxon used long-term pricing to estimate its reserves instead of using the 12-month averages required under rules from the US Securities and Exchange [...]
Stoke fume at disallowed goal as City go fourth February 16, 2010 STOKE CITY v/s MANCHESTER CITY STOKE boss Tony Pulis was left fuming after his ten-man team were denied a last-gasp winner – leaving Manchester City to climb into the top four. The Potters thought they had clinched victory when Ryan Shawcross headed home a trademark Rory Delap throw-in deep into stoppage time. But referee Alan [...]
Domino’s delivers recession-beating rise in pizza sales February 16, 2010 DOMINO’S yesterday delivered a 27.8 per cent jump in pre-tax profit as it vowed to continue its aggressive expansion. It made £29.9m on sales of £406.9m. The pizza seller reported an 8.4 per cent increase in like-for-like sales. Diluted earnings per share were 13.49p, up 26 per cent. The firm says it benefited from the [...]
Deutsche plan defers bigger slice of bonus February 16, 2010 Deutsche Bank has expanded a sliding pay scale forcing senior bankers to defer a larger proportion of their bonuses. It is understood that at least a quarter of all 2009 bonuses above €100,000 (£87,194) will be deferred. The deferral rate goes up as bonuses rise, forcing managing directors to have 50 to 70 per cent [...]
Campbell set for Euro return February 16, 2010 FC PORTO v/s ARSENAL TONIGHT – ITV 1, KO 7.45 IT MAY have seemed unlikely when he signed for Notts County six months ago, but veteran defender Sol Campbell is poised to make a sensational Champions League comeback tonight when Arsenal face Porto. The 35-year-old, who rejoined the Gunners on a free transfer in January, [...]
Branson backs Tory plans to slash spending faster February 16, 2010 SIR RICHARD Branson yesterday said the next government should start cutting the deficit immediately after the election, in comments that appeared to back Tory policy. “The next government, whatever party that is, must set out a plan to reduce the bulk of the deficit over a parliament by cutting wasteful spending and must not put [...]
