Olympic change meant Ainslie quit November 27, 2012 SAILING: Four-time gold medallist Ben Ainslie admits he may not have retired from Olympic competition if the Star class had not been axed from the 2016 Games in Rio. The 35-year-old will now spearhead a British challenge in next year’s America’s Cup.
Severn Trent dampened by wet summer November 27, 2012 WATER company Severn Trent yesterday said it was on track to meet full-year earnings targets, after rising prices countered lower usage during a wet summer. An inflation-linked price hike of 5.2 per cent helped to offset a 2.8 per cent fall in consumer consumption in the six months to the end of September, the utility [...]
FT Group chief executive Rona Fairhead leaves after 12 years November 27, 2012 THE CHIEF executive of the Financial Times Group stepped down yesterday, in a move that is likely to heighten speculation that the newspaper’s owner Pearson is looking to sell it off. Rona Fairhead, who spent 12 years at Pearson, and six as head of the FT Group, is departing after missing out on the chief [...]
Flagship back-to-work scheme attacked for failing unemployed November 27, 2012 THE GOVERNMENT’S efforts to bring the long-term unemployed back into the workforce was attacked yesterday, as figures showed it found jobs for less than three per cent of participants. Labour leader Ed Miliband said the Work Programme, which outsources responsibility for finding jobs to a variety of private, public and charitable organisations, was a “miserable [...]
De La Rue print run is in line to drive up profits November 27, 2012 BANKNOTE printer De La Rue yesterday said it was on track to surpass the £100m operating profit mark next year after posting a seven per cent increase in banknote orders for the past 12 months – despite a big delay in orders. The Basingstoke based firm, which also prints passports for governments, said its order [...]
What are the growth prospects for De La Rue? November 27, 2012 CHARLES PICK | NUMIS After the recent profits warning for the current full year, some of the main first half numbers were already known. The growth aim has not changed, but the trajectory whereby growth is attained has, due to the recent order delays suffered at the currency division. PAUL JONES | PANMURE GORDON Currency [...]
British Assets Trust lifts earnings November 27, 2012 F&C’s listed investment trust British Assets Trust, one of the oldest trusts in the world, yesterday said it had increased its revenue earnings per share, a key measure of how well the trust is performing, up to 6.6p from 5.7p this year. However, the £442m trust failed to beat its FTSE benchmark after posting a [...]
Indian brokerages settle with SEC November 27, 2012 Four Indian firms have agreed to pay nearly $2m to settle US Securities and Exchange Commission charges they provided brokerage services to US institutional investors without being registered, the regulator said yesterday. The SEC said Ambit Capital Private, Edelweiss Financial Services, JM Financial Institutional Securities Private, and Motilal Oswal Securities agreed to pay more than [...]
Pinewood feels the Bond effect November 27, 2012 Pinewood Shepperton studios has swung back into the black in the first half of the year, it said yesterday, after the production of the latest Bond film Skyfall helped to boost profits. In the six months to 30 September, revenue grew £27.1m from £24.6m in the same period a year ago, while profits before tax [...]
Olympic chair joins National Express board November 27, 2012 THE HEAD of the Olympic Delivery Authority has been picked to chair transport group National Express. Sir John Armitt was yesterday unveiled as the rail and bus firm’s new chairman from 1 February, replacing John Devaney, who is leaving after four years to focus on other roles. The engineering stalwart has chaired the ODA since [...]
