DRIVING SHARES DOWN May 13, 2009 SHARES in ailing automaker General Motors (GM) tumbled to their lowest since the 1930’s yesterday, on the back of senior executives at the company selling off $315,000 (£206,000) of GM’s stock. Chief executive Fritz Henderson (pictured) said earlier this week the company was likely to file for a Chapter 11 bankruptcy.
MPs rush to remedy row with cheques May 13, 2009 FORMER agriculture minister Elliot Morley was last night revealed to have claimed parliamentary expenses of more than £16,000 for a mortgage that did not exist. Morley continued to claim for the mortgage interest on his constituency home for more than 18 months after the loan had already been paid off. This latest revelation is regarded as the [...]
Pub groups’ stocks plummet as MPs side with tenants on tie-in system May 13, 2009 SHARES in pub groups nosedived yesterday after the commons Business and Enterprise Select Committee recommended the tenant tie-in system should be referred to the Competition Commission.The tie-in model prevents pub tenants from taking beer supplies from other companies. Shares in Enterprise Inns yesterday plummeted by 26.4 per cent, while Punch Taverns stock fell by 13 [...]
Carrick strike brings United within reach May 13, 2009 SIR ALEX FERGUSON insisted he will not be taking Arsenal lightly on Saturday despite needing just one point to be crowned Premier League champions. Michael Carrick’s winner four minutes from time handed United a hard-fought victory over brave Wigan, meaning Ferguson’s men need just avoid defeat against the Gunners to clinch a record-equalling 18th itle. [...]
Trinity sheds a third of its ad revenues May 13, 2009 TRINITY Mirror said yesterday that group revenues fell 18 per cent in the first 17 weeks of the year, dragged down by ad sales falls of 30 per cent. The Daily Mirror publisher gave a cautious outlook for the full year – but said it expects the combination of cost savings, operating efficiencies and robust [...]
Trinity sheds a third of its ad revenues May 13, 2009 Trinity Mirror Group, led by chief executive Sly Bailey, gave a cautious outlook for the year but said it expects the advertising decline to ease.
Gerrard surprised but happy at player of the year honour May 13, 2009 LIVERPOOL’S trophy charge may seem destined to end fruitlessly but captain Steven Gerrard’s efforts have not gone unrewarded after he was voted Footballer of the Year by writers. Gerrard, 28, saw off competition from PFA Player of the Year Ryan Giggs and Wayne Rooney – both of Premier League champions-elect Manchester United – in the [...]
Arsenal chief backs Wenger ahead of shareholder grilling May 13, 2009 ARSENAL manager Arsene Wenger will face disappointed shareholders today – but goes into the meeting with a ringing endorsement from club chiefs. Wenger is due to attend a question and answer session in which the Frenchman’s failure to win a trophy for a fourth year in succession is sure to be scrutinised and dissected. Another [...]
Johnston warns on banking covenants May 13, 2009 SHARES in publisher Johnston Press sank 38 per cent yesterday after the group issued a profit warning and said there was a “strong likelihood” it would breach its banking covenants. Johnston said it was in discussion with its banks to refinance its £448m net debt after it had abandoned the sale of its Irish titles [...]
McGeechan lined up for Scottish role with his Wasps days looking numbered May 13, 2009 LIONS coach Ian McGeechan is being lined up to take over as director of rugby at National One newcomers London Scottish after being edged out by Wasps. The dethroned Premiership champions are set to announce the end of McGeechan’s four-year tenure at the club later this week – just days before the 62-year-old embarks on [...]
