Centaur racks up growing losses after writedown on its divisions September 12, 2013 BUSINESS to business publishing group Centaur Media reported losses yesterday of £37.4m for the year ending 30 June. The owner of The Lawyer and Marketing Week saw profits collapse after the company announced a non-cash impairment charge of £39.2m on its books. “We now have a sharper focus on markets and customers and a strong [...]
Trinity part of police probe September 12, 2013 POLICE are investigating whether Trinity Mirror is criminally liable for the alleged phone hacking by former Sunday Mirror journalists. Trinity said yesterday that the investigation by the London Met police into the journalists had been widened to include the publisher. “The group does not accept wrongdoing within its business and takes these allegations seriously,” Trinity [...]
Vinyl records stage a return September 12, 2013 MORE music might be moving online but even the world’s biggest internet retailer has felt the effects of the vinyl revival. Amazon’s UK website has seen sales of vinyl records more than double in the last year, albeit from a low base. The retail group said today that Daft Punk’s latest album, Random Access Memories, [...]
Dunkin’ Donuts plots a move to Britain with 50 London branches September 12, 2013 THE FORMER chairman of Ipswich Town FC is backing the return of Dunkin’ Donuts to British shores. The Court Group, chaired by football stalwart David Sheepshanks, has signed a franchise deal to open 25 coffee and doughnut restaurants in east London over the next five years, Dunkin’ said in a statement yesterday. The US-listed firm [...]
Watchdog lashes out at Network Rail for causing delays on trains September 12, 2013 NETWORK Rail is failing to keep the trains running on time while also falling short on its cost-cutting targets, the Office of Rail Regulation (ORR) said yesterday. The regulator said Network Rail looks unlikely to hit its goal of cutting spending on operating, maintenance and renewals by 23.5 per cent by March 2014, the end [...]
Patagonia Gold’s losses narrow September 12, 2013 Argentina-focused miner Patagonia Gold yesterday posted pre-tax losses of $8.8m (£5.6m) for the first half of 2013, compared to $12.4m in the first half of 2012. The company had cash of $0.7m at the end of the period. “[The firm’s] cash position doesn’t fill one with confidence, although it did announce in July that its [...]
G4S wins new contract in Austria September 12, 2013 FTSE 100-listed security firm G4S yesterday said it has won a €68m (£57.2m) contract to run an immigration removal centre for the Austrian government. G4S will employ around 100 staff at the centre providing security and care services for up to 200 detainees awaiting deportation under the contract, that will extend for a minimum of [...]
Hobbycraft investment paying off September 12, 2013 Arts and craft retailer Hobbycraft yesterday reported a 12 per cent increase in sales after a big investment programme in its distribution system. Turnover for the 53 weeks to the end of February increased to £119.1m but operating earnings fell due to its investment programme. The company, owned by private equity group Bridgepoint, has spent [...]
Tradeweb agrees to buy BondDesk September 12, 2013 Fixed income trading platform Tradeweb Markets has signed an agreement to acquire BondDesk Group, a provider of retail fixed income wealth management and trading technology. Terms of the deal were not disclosed. Upon closing, John Cahalane, managing director and head of Tradeweb’s retail division, will lead the combined business, according to a statement issued by [...]
Private equity firm 3i offers to buy out ferry line co-owner September 12, 2013 PRIVATE equity investor 3i has offered to buy the shares in Scandlines it does not already own, after an attempt to find a buyer for the ferry group failed earlier this summer, it said in a statement yesterday. 3i’s bid for the 50 per cent stake held by co-owner Allianz Capital Partners (ACP) values Scandlines [...]
