Mothercare UK boss to exit in team reshuffle January 30, 2013 MOTHERCARE’S UK boss is to leave the baby products retailer as part of a management shake-up to stem falling sales at its troubled UK arm. The retailer said yesterday that Mike Logue, who moved to Mothercare from Asda in late 2011, is to step down next month after the role was made redundant. The restructure [...]
BlackBerry unveils long-awaited facelift with revamped handsets January 30, 2013 THE NEXT generation of BlackBerry phones was finally revealed yesterday, kicking off a make-or-break period for Research in Motion. The Canadian firm revealed a radical overhaul of its ageing mobile software and two new smartphones, which it hopes will be able to compete with the dominant Samsung and Apple. The new operating system, BlackBerry 10, [...]
BlackRock makes $55m punt on Manchester United shares January 30, 2013 INVESTMENT giant BlackRock yesterday bought eight per cent of the available shares in Manchester United football club, worth around $55m (£34.8m) at yesterday’s closing price. A filing with the US Securities and Exchange Commission reveals the New York-based company has snapped up 3.3m shares in the Old Trafford-based business. The football club completed its IPO [...]
OFT blames tax for high petrol prices in the UK January 30, 2013 HIGH fuel prices in the UK are due to high duty and VAT, not a lack of competition, competition authorities concluded yesterday. There is no need for a full inquiry into UK petrol pricing, the Office of Fair Trading (OFT) said yesterday, because there is no persuasive evidence of anti-competitive behaviour in fuel markets. In [...]
Tube could run until 2am, says transport boss January 30, 2013 THE TUBE could run until 2am on Friday and Saturday nights, the managing director of London Underground said yesterday. Mike Brown said that now the Tube’s modernisation programme is well underway, there is scope to scale back the amount of time dedicated to late-night engineering work and allow trains to run later some of the [...]
Kensington roof gardens on sale for £200m January 30, 2013 KENSINGTON ROOF GARDENS, one of London’s most glamorous party venues, has been put up for sale for around £200m. The grade II listed gardens overlooking Kensington High Street have been leased since 1981 by Sir Richard Branson’s Virgin group. Its Asian owners are believed to have hired Jones Lang LaSalle to sell the building, according [...]
Tesco ends deal with supplier in horse scandal January 30, 2013 TESCO yesterday fired a supplier controlled by Ireland’s most powerful beef baron for selling it burgers containing horse meat. The grocer also promised to use DNA testing equipment to check the content of products on its shelves. Britain’s biggest supermarket chain is reeling from a wave of bad publicity after the Irish food safety authority [...]
Boeing profits impress as firm awaits Dreamliner probe results January 30, 2013 BOEING posted stronger-than-expected profit yesterday as its backlog of orders rose, and said its 2013 forecast assumed no significant financial impact from the grounding of its 787 Dreamliner jet by regulators. Boeing said net income fell to $978m (£619.5m), or $1.28 per share, in the fourth quarter, from $1.39bn, or $1.84 per share, in the [...]
BP Marsh gets approach for Hyperion stake January 30, 2013 BP Marsh was yesterday forced by a rising share price to issue a statement confirming that it is in talks with a potential buyer for its 13.5 per cent shareholding in insurance group Hyperion. The specialist private equity investor said discussions were progressing at a normal pace but there could be no certainty that these [...]
Baffled Benitez blasts his Blues after late collapse January 30, 2013 READING 2 vs CHELSEA 2 CHELSEA manager Rafael Benitez criticised his team’s late collapse after the Blues threw away the chance to close on the Premier League’s top two by allowing Reading’s Adam Le Fondre to score twice in the last five minutes. Benitez did not hide his frustration at succumbing to a fourth draw [...]
