Air France-KLM dampens spirits in the markets as flies towards a £1.3bn loss February 11, 2010 SHARE prices dropped across the airline sector yesterday after Air France-KLM warned that it expected fourth quarter losses to be “of the same order” as its €535m (£466.4m) operating loss in the same period last year. The airline’s third quarter statement revealed an operating loss of €245m in the three months to 31 December. If [...]
Mouchel secures £550m in new highway contracts February 11, 2010 MOUCHEL, the British support services group, has sealed new highway contracts worth £550m and expects to return to growth in 2010/11. The Group also announced a £2bn order book for the six months ending 31 January 2010, up from £1.9bn in July last year. It said bidding opportunities had increased as local authorities look to [...]
Citigroup claims competitive pay February 11, 2010 Citigroup is at no disadvantage when it comes to paying employees, the bank’s chief financial officer said yesterday. The bank is subject to the same compensation oversight as its major competitors, John Gerspach said at a conference hosted by Credit Suisse. Analysts have said that the government’s remaining investment in the bank could prevent Citi [...]
Moore all set to land hat-trick with Harry February 11, 2010 HAVING sent out both Heathcote (2007) and Wingman (2008) to land the Totesport Trophy, it was snow and ice that prevented Gary Moore from attempting to land the hat-trick last year. However, his HARRY TRICKER looks the ideal type at around 7/1 for tomorrow’s prestigious £150,000 handicap hurdle. Our selection looked nothing special when campaigned [...]
MySpace chief steps down February 11, 2010 Owen Van Natta, hired only nine months ago to revitalise struggling online social network MySpace, has stepped down as chief executive, the company announced yesterday. Two MySpace executives, Mike Jones and Jason Hirschhorn, were immediately promoted to co-presidents, effectively replacing him. News Corporation, parent company of The Times, acquired MySpace in 2005 for $580m.
Alcatel-Lucent’s losses widen February 11, 2010 Alcatel-Lucent yesterday posted a wider-than-forecast loss, missed revenue expectations and cut its 2010 operating margin target, buffeted by a tough market for telecommunications gear. Alcatel posted 2009 revenue of €15.16bn (£13.22bn), an adjusted loss of €56m, and a net loss of €524m. Shares plunged at the French-American group that has struggled to compete with larger [...]
THE INSIDER February 11, 2010 Golf seems to be a recurring theme at Lingfield which unfortunately means that they don’t have a sponsor. It’s a shame as it’s a great place to have a day out with friends and family. Racing in the UK has taken the bull by the horns to encourage racegoers in the last 24 months but [...]
PepsiCo gets international profits boost February 11, 2010 PEPSICO yesterday posted a higher quarterly profit that met Wall Street expectations, helped by brisk sales in international markets such as India, while drinks volumes declined in North America. The maker of Pepsi-Cola drinks and Frito-Lay snacks stood by its forecast for earnings growth of 11-13 per cent for the year, and said it still [...]
Media stocks are starting to look very cheap February 11, 2010 A COMMON joke in media circles is that anyone with a pound burning a hole in their pocket can become a newspaper proprietor. Russian tycoon Alexander Lebedev picked up the Evening Standard for £1, while it is said that some buyers offered just $1 for BusinessWeek (Bloomberg eventually paid $5m). Of course, these publications were [...]
Azzurri aggression no match for Johnno’s men February 11, 2010 ITALY VS ENGLAND Sunday – 2.00pm BBC1 MARTIN Johnson must be a relieved man. After at least a couple of aimless performances in November, his side looked progressive and threatening – all that he’d promised when he took the job. Both the victory and the way in which they withstood plenty of pressure from Wales [...]
