Abu Dhabi buys Gatwick stake February 4, 2010 Abu Dhabi’s sovereign wealth fund is to buy a 15 per cent stake in London’s Gatwick Airport for £125m as the airport’s new owner aims to bring in additional investors. This comes two days after South Korea’s National Pension Service said it planned to buy a 12 per cent stake in Gatwick.
Deutsche Telekom moots IPO February 4, 2010 Germany’s Deutsche Telekom is considering an initial public offering or spinoff of its US wireless service T-Mobile USA, according to people familiar with the matter. The telecommunications firm recently held talks with potential underwriters, including Deutsche Bank and expects to make a decision in the coming months.
Liberty set to split its £6bn empire in two February 4, 2010 THE UK’s largest shopping centre owner will split its business in two in a dramatic corporate restructure. Liberty International will divide its £6.1bn UK property portfolio into two separate companies in what will be the biggest demerger on record in the listed real estate sector. The firm’s £4.4bn shopping centre business will be annexed into [...]
Euro crashes as investors baulk at debt laden states February 4, 2010 SHARES across the eurozone tumbled yesterday as investors reacted to fears over spiralling Spanish, Portuguese and Greek debt. The euro plunged to a seven-month low against the dollar as investor fears over mounting public debt undermined confidence in the ability of the European countries to fund their budget shortfalls. The head of the International Monetary [...]
CPS to decide if it will charge six politicians February 4, 2010 SEVERAL MPs and members of the House of Lords will today find out whether they are to face criminal charges over their expenses claims. The Crown Prosecution Service, which has been studying the evidence against six parliamentarians, will announce its decision at 11am. Labour MPs Eliot Morley, Jim Devine and David Chaytor have been under [...]
‘Prescriptive theory just an excuse’ February 4, 2010 IRATE is not a word that springs to mind frequently during a chat with the affable Mark Cueto. The very epitome of laid-back, he seems the kind who would meet the clamping of his car with a good-natured shrug. But the England wing bristles and takes a deep breath when one particular subject is brought [...]
EMI’s survival in doubt as its February 4, 2010 EMI Group, the beleaguered record label behind artists such as Coldplay and Katy Perry, suffered a £1.6bn loss last year. The British company, which is owned by financier Guy Hands’ Terra Firma private equity operation, was hit by a huge impairment charge of £1.03bn. It is understood two thirds of the damage came from EMI’s [...]
Mastercard misses forecasts February 4, 2010 Higher-than-expected costs and rebates caused MasterCard’s quarterly earnings to fall short of Wall Street forecasts yesterday, driving shares of the world’s second biggest credit card network down 10.3 per cent to $222.1. The shares hit a two-and-a-half-month low despite a 23 per cent jump in fourth-quarter profit. A weak US dollar and rebound in global [...]
It’s D-Day for Terry as boss Fabio flies in February 4, 2010 JOHN TERRY will finally discover whether he will remain as England captain today following showdown talks with boss Fabio Capello. The Chelsea defender is set for talks with the Italian coach after stories emerged at the weekend of an alleged affair with an ex-partner of England colleague and former Chelsea team-mate Wayne Bridge. Capello touched [...]
Glaxo to cut more jobs as it aims to slash spending February 4, 2010 GLAXOSMITHKLINE (GSK) is set to cut hundreds of research and development jobs as it cuts costs and abandons some areas of research — including depression — joining a growing band of big drugmakers taking a knife to previously sacrosanct drug discovery work. GSK, which employs 16,000 in the UK, has already cut more than 2,000 [...]
