F1 stars warned over swearing November 8, 2012 FORMULA ONE: Drivers have been ordered not to swear during media duties. Kimi Raikkonen of Lotus and Red Bull’s Sebastian Vettel swore live on air during a TV interview after the Abu Dhabi Grand Prix on Sunday. Drivers could face disciplinary action if further instances occur after a letter from governing body the FIA.
Race row ref Clattenburg quizzed November 8, 2012 FOOTBALL: Referee Mark Clattenburg is believed to have been quizzed by the Football Association yesterday over Chelsea’s claims he racially abused midfielder John Obi Mikel. Clattenburg, who is thought to deny the allegations, will sit out Premier League fixtures this weekend.
Experian to invest $110m as restructures in bid to cut spending November 8, 2012 CREDIT data firm Experian is to spend $110m (£69m) on a restructuring programme aimed at reducing costs and increasing its focus on key markets. Chief executive Don Robert said the company, best known for running consumer credit checks for banks and retailers, expects the initiative to result in annual savings of about $75m. Experian, which [...]
Flybe to curb costs as declining traffic sends it into the red November 8, 2012 FALLING domestic traffic and rising costs have sent regional airline Flybe to a half-year loss, the firm announced yesterday. Group revenues were broadly flat at £340.6m but cost pressures have sent it to a pre-tax loss of £1.3m for the first half of the year, compared to a profit of £14.8m a year ago. “The [...]
Pressure mounts on India’s Kingfisher after record losses November 8, 2012 INDIA-based airline Kingfisher has plunged to a record loss of 7.54bn rupees (£86.7m) for the quarter, piling further pressure on the embattled carrier. Kingfisher, which suspended all flights last month and has struggled to pay its staff for most of the year, said revenues crashed 87 per cent to 2bn rupees. Creditors have reportedly set [...]
Schroders nets new money but stays cautious November 8, 2012 FUNDS firm Schroders beat forecasts with £2.6bn of net new money in the third quarter, but profits fell and it struck a cautious tone about the coming year. The firm attracted £1.9bn net inflows to its institutional funds and £800m to its retail-focused Intermediary unit, though clients in its private banking arm pulled out a [...]
Charles Stanley blames finance levy for slump in its earnings November 8, 2012 CHARLES Stanley has criticised the levy it must pay into the Financial Services Compensation Scheme, which knocked 40 per cent off its pre-tax profit for the first half of the year. Sir David Howard, chairman of the stockbroker and investment manager, said the £1.4m it gave to the FSCS goes towards funding compensation linked to [...]
Tate & Lyle’s profit dented by expansion of sweetener plant November 8, 2012 BRITISH sweeteners and starches maker Tate & Lyle said yesterday that the cost of re-opening a factory and tough trading in Europe had reduced earnings growth in its first half. The group posted adjusted pre-tax profit of £179m, up two per cent, stifled by the cost of restarting a second plant for its zero-calorie sucralose [...]
Groupon hit as revenue disappoints November 8, 2012 GROUPON’S quarterly results lagged expectations as the daily deal company’s European operations continued to struggle, wiping 17 per cent off its shares last night. Groupon shares slid to a record low of $3.25 in after hours trading yesterday after closing at $3.92. Revenue was $568.6m in the third quarter, compared with $430.2m in the third [...]
Morrisons’ top director leaves as sales worsen November 8, 2012 WM MORRISON’S chief executive admitted yesterday it had not done enough to reach out to customers after the supermarket posted a worsening decline in sales and parted ways with its commercial director. Revealing a 2.1 per cent drop in third quarter sales, Dalton Philips said it had not promoted strengths that set it apart from [...]
