FOOD & BOOZE NEWS June 22, 2011 NEW FROM NUNO Two of the country’s leading chefs are behind new London restaurants. First up, Nuno Mendes, the Portuguese star who has been wowing diners and Michelin judges with his multi-course creations at Viajante in Bethnal Green, has opened a more relaxed dining room upstairs in the same building, the Town Hall Hotel. Corner [...]
Glencore denies plans to sell metal warehousing unit June 22, 2011 The world’s largest listed diversified commodities trader, Glencore said it had no plans to sell its metals warehousing unit. Metals traders have in recent days said Glencore was planning to sell its warehousing business. “It’s completely untrue,” a Glencore spokesman told Reuters. Glencore said in March it wants to boost its presence in metals warehousing [...]
Lee Dixon speaks to City A.M. June 22, 2011 Former Arsenal player Lee Dixon tells City A.M. all about his involvement with the new game ‘I AM PLAYR’ as well as his view on Arsene Wenger and the Arsenal team.
Bank of England voted 7-2 to freeze interest rate June 22, 2011 The Bank of England’s Monetary Policy Committee judged the growth outlook had weakened and some members raised the possibility of future quantitative easing, minutes to its June 8-9 meeting showed on Wednesday. The MPC voted 7-2 to keep rates on hold at 0.5 per cent, with new MPC member Ben Broadbent as expected choosing to [...]
H&M profit hit by cotton price rises June 22, 2011 Budget fashion chain H&M has said profits fell again in the second quarter of the year as both cotton prices and wages rose. Profits at the Swedish company fell to 5.75bn crowns ($899m; £548m) from the same period last year. H&M said it had put aside a 248m Swedish crown provision related to an incentive [...]
Ofgem demands UK energy market shake-up June 22, 2011 Ofgem has told the country’s biggest utilities it believes sweeping reforms are needed to the retail gas and electricity market to encourage competition at a time of rising energy prices. “We will pursue breaking up the stranglehold of the Big Six on the electricity market to encourage more firms, like new arrival the Co-op, to [...]
Kesa weighs up options as Comet slumps June 22, 2011 Electricals retailer Kesa said it was examining strategic options for its loss-making Comet business as trade across the group worsened in its new financial year. “We have a strong turnaround plan for Comet to restore its profitability in the medium term and in parallel we are examining strategic alternatives to ensure the best overall value [...]
AZ to sell unit to Dentsply for $1.8bn June 22, 2011 Drugmaker AstraZeneca said it would sell its dental implants and medical devices unit Astra Tech to Dentsply International $1.8bn (£1.1bn) in cash. The US dental company beat bids from rival medtech groups and private equity firms to gain exclusivity to negotiate a deal. Astra Tech, which had revenue last year of $535m, is the world’s [...]
UK public finances still in sorry state June 22, 2011 SLOWLY but surely, the government is regaining control over public spending. Yet there is still a long way to go: the deficit, believe it or not, has actually been higher so far this financial year than it was during the same two-month period of 2010. This deeply depressing fact shows just how detached from reality [...]
War breaks out over 2012 football team June 21, 2011 OLYMPIC chiefs sparked a furious row last night by announcing that a deal had been reached paving the way for players from all four home nations to represent Team GB in the London 2012 football tournament. Scottish, Welsh and Irish football associations swiftly responded by collectively rubbishing the notion, with one official saying he was [...]
