Profits plunge at Lupus after veteran Hutchings makes exit September 7, 2009 INDUSTRIAL buy-out group Lupus Capital, which ousted its entrepreneur chairman Greg Hutchings in July, yesterday scrapped its interim dividend after the economic turbulence caused profits to plunge. Lupus reported an adjusted pre-tax profit of £7.5m for the six months to June, 48 per cent below the £14.5m it recorded over the same period in 2008.Revenue [...]
BEST SEAT IN THE HOUSE September 7, 2009 Fan-to-fan ticket sales firm Seatwave has been named as the number one Tech Media 100 Company for 2009 by business intelligence agency Europe-Unlimited. Seatwave, which has seen its revenue rise by 2,203 per cent in the past three years, allows users to buy or sell music, sport or theatre tickets and has been increasingly popular [...]
Financial crisis fuels shareholder engagement with boardrooms September 7, 2009 SHAREHOLDERS have begun wielding their voting power amid the financial crisis, according to research showing that the number of investors in European firms exercising their voting rights at annual general meetings has risen above 50 per cent. Data from shareholder advisory firm Manifest showed that the number of investors using their votes at firms in [...]
Imperious Murray ready to step up a gear for Cilic battle September 7, 2009 ANDY MURRAY has his sights set on a place in the US Open quarter-finals later today when he continues his search for a maiden Grand Slam title against big-serving Croatian Marin Cilic at Flushing Meadows. British No1 Murray cruised into the last 16 after making light work of his third-round clash with American wild card [...]
Federer in top form as Robredo is next victim September 7, 2009 WORLD No1 Roger Federer continued his devastating form as he cruised into the last eight of the US Open last night with a comfortable victory over Tommy Robredo at Flushing Meadows. The five-time defending champion never looked in danger as he cruised to a 7-5, 6-2, 6-2 win in the Arthur Ashe Stadium to book [...]
Noren is Monty’s unlikely Ryder Cup pace-setter September 7, 2009 FINALLY, Colin Montgomerie can start putting his 2010 Ryder Cup plans into place. The European Masters in Switzerland at the weekend signalled the start of the qualifying for the event at Celtic Manor next summer, and already Monty has plenty to ponder. Relative unknown Swede Alexander Noren is the first to emerge following his fine [...]
Theo Fennell topples into red September 7, 2009 EXCLUSIVE jewellery firm Theo Fennell yesterday blamed its previous management for losing £3.3m on a series of failed projects and dragging the business into the red. The group posted a pre-exceptional loss of £2m for the year ended 31 March, compared to a profit of £1.9m the year before. And a series of ill-judged expansionary [...]
Galliford Try bags new contracts in hotel space September 7, 2009 CONSTRUCTION and housebuilding group Galliford Try has secured four lucrative new contracts in the hotel and residential sectors worth a combined £82.8m. The contracts include a £30m deal to develop a 186-bedroom Radisson Hotel in Guildford and the £28m redevelopment of Coworth Park Estate in Berkshire to create a country house hotel. Galliford Try will [...]
INM tried to cut O’Brien’s shareholding September 7, 2009 INDEPENDENT News & Media (INM) held talks with Axel Springer regarding the German media group making an investment in the debt-laden firm in a bid to reduce the stake of rebel investor Denis O’Brien. The talks – which have since broken down – centred around Springer supporting a rights issue that would have diluted O’Brien’s [...]
Wall Street to catch up with Europe September 7, 2009 WITH US equity markets shut yesterday for the Labor Day holiday, the Dow will be playing catch-up with European markets which enjoyed healthy gains across the board yesterday, spurred on by a combination of bid stories and a broadly optimistic mood following the G20 meeting. The weekend news from the G20 that the fiscal and [...]
