Mayor attacks chancellor on Eurozone ideas October 18, 2011 BORIS Johnson yesterday attacked one of George Osborne’s key positions on the Eurozone crisis when he said that any attempts at greater fiscal union would be “absolutely crazy”. Speaking at a journalists’ lunch in Westminster, the Mayor of London said: “I think it’s absolutely crazy to decide the solution to the euro crisis is to [...]
PROTESTS CONTINUE AT ST PAUL’S October 18, 2011 ANTI-CAPITALIST protestors outside St Paul’s Cathedral yesterday said the number of tents in their camp has now reached 150. The fourth day of demonstrations passed peacefully with no arrests made as the group of anti-capitalists organised themselves for a long stay.
Coke’s global sales fizz up amid turmoil October 18, 2011 SOARING demand in the emerging markets helped Coca-Cola post a strong increase in sales yesterday, but the drinks giant warned it is about to take a hit on foreign exchange. Sales in the third quarter rose seven per cent by volume in Latin America, Eurasia and Africa and six per cent in the Pacific region, [...]
Yahoo suffers after chief’s exit but Intel upbeat over UK October 18, 2011 YAHOO last night paid the price for a summer of discontent and weak online advertising as it reported a third quarter slump. Profits for the quarter, the last under chief executive Carol Bartz, who was fired in September, fell 26 per cent to $293m (£186.57m), or 23 cents per share. Net revenue, which excludes fees [...]
Johnson & Johnson profit falls but still beats Wall St forecasts October 18, 2011 JOHNSON & Johnson’s third-quarter earnings fell on lower US sales, but the weaker dollar and strong demand overseas helped the company beat Wall Street forecasts. J&J earned $3.2bn (£2.04bn), or $1.15 per share, compared with $3.42bn or $1.23 per share a year earlier. Excluding special items, J&J earned $1.24 per share. Analysts on average had [...]
MAYFAIR’S FINANCIERS HELP EAT ALL THE PIES October 18, 2011 PIES AND prosecco were yesterday on the menu at Dartmouth House at Mayfair’s answer to the long-running annual Gull’s Eggs lunch. Mayfair hedge fund managers met hotel brokers at the Macmillan Cancer Support fundraiser, including Jones Lang LaSalle’s Jonathan Goldman, who has a personal connection to the cause, having recently endured a 20-hour operation for [...]
TNK-BP may join lawsuit for damages against BP October 18, 2011 BP’S RUSSIAN joint venture TNK-BP said it may join a $13bn (£8.2bn) lawsuit brought by a minority shareholder over the oil major’s failed alliance with state-controlled Rosneft. TNK-BP Holding, the main subsidiary of TNK-BP, said it would “consider the question of whether or not to join the lawsuit being put forward by one of its [...]
JULIAN BARNES WINS MAN BOOKER PRIZE October 18, 2011 AUTHOR and bookmakers’ favourite Julian Barnes won the Man Booker Prize for fiction yesterday, despite once dismissing the coveted award as “posh bingo”. The 65-year-old won with The Sense of an Ending, which at 150 pages was described by one review as a “novella”. It was his fourth time on the Booker shortlist having previously [...]
Olympus may sue its axed former boss October 18, 2011 JAPANESE camera-maker Olympus says it is considering taking legal action against its ousted chief executive after he went public with concerns over his former employer’s corporate governance. Michael Woodford was axed after just two weeks in the top job after clashing with the board over allegedly excessive payments made to advisers during a 2008 acquisition. [...]
Bellway lifts dividend as profits jump October 18, 2011 BELLWAY hiked its dividend by nearly a third after strong sales in London and the south east helped boost full-year profits by 51 per cent – beating market expectations. The UK’s fourth largest housebuilder by market capital reported pre-tax profits of £67.2m for the 12 months to 31 July, up from £44.4m the previous year. [...]
