‘The government aren’t the experts’: Liberal Democrats vow to push back controversial Pension Schemes Bill
SuperGroup: Growth plan is on track June 20, 2011 SuperGroup has seen a marked improvement in trading over the past three weeks and is sticking by its expansion plans, it said, as it seeks to calm nerves after a plunge in its shares. The company behind the Superdry fashion brand also said it had exchanged contracts for a new flagship store on London’s Regent [...]
Europe delays decision on Greece loans June 20, 2011 Euro zone finance ministers postponed a final decision on extending 12 billion euros (£10bn) in emergency loans to Greece, saying Athens would first have to introduce harsh austerity measures. The ministers said they expected the money, the next tranche in a 110 billion euro bailout of Greece by the European Union and the International Monetary [...]
JD Sports in Spanish acquisition June 20, 2011 JD Sports Fashion has bought a slice of Spanish chain Sprinter and eight Cecil Gee stores, it said today. The company now has holds 50.1 per cent of Sprinter which include 47 shops in the Andalusia and Levante regions. JD Sports has invested €20m (£17.7m) into Sprinter through a subscription for shares. The retailer bought [...]
CRUNCH TIME FOR STRICKEN GREECE June 19, 2011 ALL eyes are on Luxembourg this morning as the Eurogroup meets for a second day of crucial talks to thrash out another bailout for Greece, which needs an estimated €90-€120bn (£80-£97bn) to avoid a bankruptcy that would bring down the euro. As Eurozone ministers threatened to withhold half of the next €12bn tranche of Athens’ [...]
Minister: mass strike is mistake June 19, 2011 A MASS walkout by public sector workers would be a “colossal mistake,” according to Treasury minister Danny Alexander. Unions are threatening to stage the biggest strikes in nearly a century over public cuts and pension reforms. Alexander sparked the strike threats last week with his announcement that public workers will have to work later in [...]
C&WW eyed for its assets June 19, 2011 CABLE & Wireless Worldwide (C&WW) could sell its international operations as it seeks to focus on its core UK business. The telecoms operator is understood to have received an informal offer of $500m (£309m) from Hong Kongand Singapore-based Pacnet. The C&WW board is expected to consider the offer this week as it undertakes a wider [...]
States now the top systemic threat June 19, 2011 SO no solution was found to the Greek crisis last night – we will have to wait a little longer before finding out what sort of fudge our leaders have in mind for the Eurozone, and how much taxpayer cash they are preparing to throw at the bottomless pit that is Greece. The markets, needless [...]
Tube strike action begins June 19, 2011 RMT union tube drivers walked out last night in the first part of a fresh wave of planned strike action. The strike, which started at 9pm, lasted six hours, with drivers back in their cabins by this morning. A Transport for London spokesman said very few passengers were affected by the walkout, with some delays [...]
WHAT THE OTHER PAPERS SAY THIS MORNING June 19, 2011 FINANCIAL TIMES SMALL AND MID-CAP BROKERS SHINE IN ANNUAL RANKINGS Small and mid-cap brokers have outshone their larger competitors in stockpicking, according to the latest FT/StarMine rankings. Of the top 10 stock-pickers in the UK and Ireland – led by Richard Slape, energy analyst at Canaccord Genuity with his call on Rockhopper Exploration – seven [...]
PNC to buy RBC retail banking June 19, 2011 PNC Financial Services Group is expected to buy Royal Bank of Canada’s US retail banking operations in a deal worth around $3bn (£ bn), according to a Bloomberg report. RBC, the largest Canadian bank by assets, put its struggling US consumer banking business on the market after failing for years to wring profits from the [...]
