EU approves Universal’s £1.2bn bid for EMI September 21, 2012 The European Commission today endorsed Universal Music Group’s £1.2bn takeover of British record company EMI, and demanded that both companies sell a third of their assets in an attempt to cut their monopoly on the music market. The Commission said that EMI must dispose of the Chrysalis, Mute, Classics and Parlophone labels, while Universal [...]
BP proposes buying stake in Rosneft September 21, 2012 Oil giant BP is eyeing a stake in Rosneft, following negotiations with the Russian oil firm to buy the British oil major’s stake in TNK-BP, Rosneft chief executive Igor Sechin said today. BP confirmed today that if it were successful in selling its 50 per cent stake in TNK-BP, it would be “interested in investing [...]
FTSE 100 jumps on mining gains September 21, 2012 The blue chip index consolidated gains in Asia and the US this morning, as once again miners headed up the morning leaderboard on improved copper prices. Essar Energy and Ruspetro rose 4.15 per cent and 3.85 per cent respectively. Heavyweight miners Vedanta and Bumi added 3.42 per cent and 3.4 per cent respectively. Elsewhere, Abu [...]
Public finances show biggest monthly deficit for August on record September 21, 2012 The budget deficit widened to the biggest on record for August, data showed today, as public sector borrowing excluding financial sector interventions peaked at £14.41bn last month. Borrowing rose from £14.46bn in August 2011, the Office for National Statistics said today, marking the highest August since records began in 1993. A fall in corporation tax [...]
Adidas cuts Reebok 2015 sales target September 21, 2012 Sports brand Adidas has slashed its 2015 sales target for the Reebok brand to €2bn (£1.2bn), while boosting its own sales forecast. Adidas cited the loss of a major American football contract as reason for the forecast cut. Fraud was also discovered at its Indian operation, and restricting there would cost Adidas almost €200m. The [...]
G4S solely to blame for Olympic contract failure September 21, 2012 Blame for security firm G4S’s failure to provide adequate staffing levels during the London 2012 Olympics rests solely with the company itself, according to a report by MPs. The Home Affair Select Committee said G4S gave “false reassurances” to LOCOG and the Home Office until a “very late stage in the process”. It recommended G4S [...]
Britain needs to embrace the global shale gas revolution September 21, 2012 BRITAIN is missing a trick. We are sitting on a massive amount of untapped energy, in the form of shale gas trapped deep in sedimentary rocks, and yet are failing to make use of this semi-secret treasure trove. To add insult to injury, politicians have imposed ever higher energy costs on the public thanks to [...]
This time Mitchell’s ready to go to war September 20, 2012 WHEN Dagenham’s Kevin Mitchell enters the ring to challenge WBO lightweight champion Ricky Burns tomorrow night, he will be fighting for more than just another belt. Mitchell believes that boxing’s latest Battle of Britain represents an opportunity for him to secure his family’s future, launch his fighting career, and finally banish the demons from his [...]
Liverpool win as Spurs and Newcastle draw September 20, 2012 TOTTENHAM and Newcastle were last night held to goalless Europa League draws as Liverpool fought back to beat Young Boys. For the three instances in which Newcastle hit the woodwork, hosts Spurs against Lazio were unfortunate in having two goals disallowed. Clint Dempsey and Steven Caulker respectively had first and second-half headed efforts harshly judged [...]
Robson reaches final four September 20, 2012 ■ TENNIS: British No1 Laura Robson yesterday beat Peng Shuai 7-5, 5-7, 6-2 to reach the Guangzhou Open semi-finals.
