Tesco in executive pay shake-up May 31, 2011 Tesco, the world’s third-biggest retailer, is simplifying its executive pay scheme and cutting the base salary of its chief executive as it seeks to end rows with shareholders over how it pays its leaders. The British group, which saw 47 per cent of shareholders either vote against or abstain in a vote over executive pay [...]
House prices in first rise since January May 31, 2011 House prices in England and Wales rose by 0.8 per cent in April, the first monthly increase since January and the biggest rise since January 2010, data from the official Land Registry showed. However, average residential property prices were still 1.3 per cent lower than a year ago at £163,083 the Land Registry said. House [...]
Eurozone inflation slows in May May 31, 2011 Euro zone consumer prices grew slower than expected in May, though remained well above the European Central Bank’s target, data showed, while unemployment held steady in April for the third month. The European Union’s statistics office Eurostat estimated that inflation in the 17 countries using the euro was 2.7 per cent year-on-year in May, down [...]
Fraud watchdogs probe EADS over Saudi defence deal May 31, 2011 Britain’s Serious Fraud Office is investigating allegations that European defence group EADS bribed Saudi Arabian officials to win a $3.3bn (£1.9bn) communications contract. The probe centres on a contract awarded to GPT Special Project Management, owned by EADS, to provide communications and intranet services for the Saudi National Guard, which protects the Kingdom’s royal family. [...]
Cyprus credit rating cut by Fitch May 31, 2011 Cyprus has had its credit rating cut by rating agency Fitch because of the knock-on effect of the Greek debt crisis. Fitch cut Cyprus’s rating to A- from AA- on concerns that its banks may face losses on the money they lent to Greece. The new rating is not expected to stop Cyprus borrowing money, [...]
Aldermore loan book up 75pc May 31, 2011 Finacial services company Aldermore said its loan book to small and medium-sized enterprises (SMEs) was up 75 per cent to £469m at the end of the first quarter. “Aldermore is continuing to lend at record levels to small businesses – our outstanding loan book to SMEs has increased 75 per cent over the last year [...]
Matumi Game Lodge 3* May 31, 2011 Immerse yourself in South African wildlife at wonderful Matumi Game Lodge. Located in Kruger National Park it’s the perfect gateway to a fun and memorable safari adventure. And with its gorgeous swimming pool it’s the ideal place to relax too. Oh, and don’t be surprised to see the resident Impala and Warthog around the place, [...]
Manyatta Rock Camp 4* May 31, 2011 For a really special safari stay, check out Manyatta Rock Camp. We love the unique dome-like huts you stay in, which – funnily enough – look just like rocks to blend into the surroundings. Each one has a private wooded deck with stunning views across the bush, plus an an outdoor shower to help you [...]
Japan in fresh downgrade warning May 31, 2011 Japan’s economy offered more signs of recovery from the deadly March earthquake, but Moody’s ratings agency warned both growth and government action may fall short of what is necessary to bring Tokyo’s ballooning debt back under control. Industrial output rose one per cent last month after a record plunge immediately after the magnitude 9.0 quake [...]
Radisson Blu Hotel Sandton 5* May 31, 2011 It’s all about style and luxury at the Johannesburg Radisson Blu. Standing tall in the heart of the Sandton business district, you can seriously indulge in this funky yet sophisticated hotel. The Amani African Spa is the place for pure pampering whilst top marks go to the outdoor swimming pool and sun deck up on [...]
