Shareholders win battle to oust Quarto founder from the board November 7, 2012 REBEL shareholders yesterday won a drawn-out battle to oust Quarto chairman and chief executive Laurence Orbach from the board of the publishing house, with industry veteran Tim Chadwick to take his place. At the special meeting forced by activist investor Harwood Capital, shareholders voted in favour of removing Orbach, Quarto’s largest shareholder, who founded the [...]
Comet launches clearance sale on stock as shop closures loom November 7, 2012 COMET’S administrator has today begun slashing prices on selected stock across the retailer’s 236 stores, as talks to sell all or parts of the business continue. A spokesperson from Deloitte said it had launched “a gentle” clearance sale today on certain items but said it would not hold a full blown fire sale at this [...]
WANDisco leaps on patent win November 7, 2012 Sheffield software firm WANDisco saw shares rise more than 10 per cent yesterday as it said US officials had approved a request for its technology to be patented. The approval boosts WANDisco’s position in the fast-growing Big Data market. The newly-patented “active:active replication” technology underpins much of WANDisco’s business collaboration software, which is used by [...]
Warner Bros buys London studio November 7, 2012 Soho-based post-production film studio De Lane Lea was yesterday bought by US giant Warner Bros. De Lane Lea, which edits films after they have been shot, employs around 30 people in its studio. The price of the deal was not disclosed, but is likely to be minimal. De Lane Lea’s revenues last year were around [...]
IAG eyes Spanish budget airline November 7, 2012 IAG, the parent company of British Airways and Iberia, is eyeing a bid for Vueling Airlines, a budget carrier based in Spain, the firm said in a statement yesterday. IAG’s board will meet today to consider a bid and its possible terms. A subsidiary of IAG already owns 45.85 per cent of Barcelona-based Vueling, which [...]
Johnson orders above inflation fare increases November 7, 2012 MAYOR of London Boris Johnson yesterday unveiled increases to the cost of public transport in the capital for 2013 – amid accusations that the timing of the news was planned to coincide with the US election result. Fares on the Underground, DLR, buses and suburban rail services will rise by an average of 4.2 per [...]
Moses propels Chelsea closer to promised land of last 16 November 7, 2012 CHELSEA 3 vs SHAKHTAR DONETSK 2 CHELSEA manager Roberto di Matteo admitted his side had needed a slice of luck after substitute Victor Moses struck in the fourth minute of stoppage time to give their Champions League defence a huge boost. Twice the Blues had led, through Fernando Torres and then Oscar’s virtuoso strike, but [...]
Murray hopes of home triumph smothered at O2 as Djokovic digs deep in epic contest November 7, 2012 BRITAIN’S Andy Murray rued missed chances after his titanic tussle with world No1 Novak Djokovic left him one defeat away from a premature exit from the Barclays ATP World Tour Finals in London yesterday. Murray, who beat Djokovic in an epic US Open final to win his maiden grand slam earlier this year, took the [...]
Wiggins hospitalised in crash with van November 7, 2012 BRITISH Tour de France champion Bradley Wiggins suffered suspected broken ribs in a collision with a van while training last night. Wiggins was thrown from his saddle in the crash in Wrightington, near the north London-raised star’s Lancashire home, at around 6pm and taken by ambulance to hospital, where he stayed overnight. He is said [...]
Mancini needs to win title again to keep job November 7, 2012 ONCE again Roberto Mancini was quick to divert attention from his own failings and blame the referee after Tuesday’s draw with Ajax pushed Manchester City closer to another embarrassing Champions League elimination. He was similarly blinkered when City were well beaten by the same opponents in Amsterdam last month, emphasising the uphill struggle they would [...]
