Fiat says that Chrysler sale will go ahead June 9, 2009 ITALIAN carmaker Fiat said yesterday it would proceed with its Chrysler deal, even after the supreme court delayed the sale of the US car giant’s assets. The US administration haswarned that Fiat could renege on its deal to buy 35 per cent of the carmaker if the deal is not closed by mid-June. Richard Mourdock, [...]
Stagecoach bucks leisure downturn June 9, 2009 Arts school company Stagecoach Theatre Arts yesterday said it expects pre-tax profit for the year to be in line with market expectations, despite opening fewer new schools due to the limited availability of bank finance. Stagecoach said increased fees from existing schools had offset the decline in new openings.
Brulines profits despite pub turmoil June 9, 2009 Beer flow monitoring systems manufacturer Brulines yesterday said profits and revenue rose over the past year as pubs concentrate on maximising efficiency amid the economic turmoil. Aim-listed Brulines posted a 19.6 per cent rise in full-year adjusted pre-tax profit, while revenue rose 11.7 per cent to £19.1m. The firm proposed a 7 per cent increase [...]
Rok wins contracts worth 90m June 9, 2009 Building maintenance company Rok said yesterday it had won eight new contracts that are expected to generate revenue of £90m over the next four years. The new contracts were awarded by logistics firm Wincanton, support services provider Craegmoor Healthcare and Bracknell Forest Council, among others. The firm said the contracts brought the total anticipated value [...]
Commerzbank puts Kleinwort Benson for sale June 9, 2009 ONE of the City’s most venerable private banks, Kleinwort Benson, is to be put on the market this week by its parent Commerzbank. Goldman Sachs has been appointed to manage its disposal and the group has received interest from several parties believed to be Standard Chartered, Royal Bank of Canada and Schroders. As part of [...]
Woodman handed Wasps role June 9, 2009 RUGBY UNION: England World Cup winner Trevor Woodman has joined Wasps as their new forwards’ coach. Former prop Woodman, 32, said: “Personally and professionally I am hugely excited by the challenge that lies ahead.” Woodman is joined at the club by former Gaelic football coach John McCloskey, who takes on a newly-created skills coach role.
F1 civil war nears resolution June 9, 2009 FORMULA ONE: F1 teams are said to be on the verge of closing in on an agreement to end the power battle with the sport’s governing body, the FIA. The two parties have been in dispute over a proposed £40m budget cap which has forced FOTA, the teams’ umbrella group, to threaten a boycott for [...]
WILL DITCHING CHELTENHAM & GLOUCESTER HELP LLOYDS RECOVER? June 9, 2009 ALEX POTTER COLLINS STEWART“Lloyds Banking Group was close to dominating the British high street and I’m sure that’s a concern for European anti-trust authorities, so closing these branches may be a practical move to help with that. It will also help a little with streamlining. There’s a recession on and they need to cut their [...]
Exiles opener for Leinster June 9, 2009 RUGBY UNION: Heineken Cup champions Leinster will begin their title defence next season in a pool which includes London Irish, Scarlets and Brive. Runners-up and Premiership champions Leicester face Ospreys, Clermont Auvergne and Viadana in Pool 3, while Harlequins and Sale line up in Pool 5 alongside Toulouse and Cardiff Blues. Northampton are in Pool [...]
Queen’s doubles exit for Murray June 9, 2009 TENNIS: British No1 Andy Murray and Australian Lleyton Hewitt went down 6-4, 6-3 to Lucasz Kubot and Oliver Marach in the men’s doubles of the Aegon Championships at Queen’s last night. Murray opens his singles account against Andreas Seppi, of Italy, today as the No1 seed. World No2 Roger Federer has withdrawn from the Halle [...]
