FirstGroup hit by rail slump May 13, 2009 Transport giant FirstGroup said yesterday annual profits at its rail division fell 21 per cent due to the impact of the recession on its London franchises The group said the UK’s economic woes meant rail revenues growth slowed to 9.5 per cent in the year. Across the whole group, which has bus operations in the [...]
The places in town not to be seen May 13, 2009 The Mercer34 Threadneedle Street, EC2R 8AYDiscreet Seats: The counter at the bar-end of the room: only backs are visible and it would be almost impossible to hear what someone was ordering, let alone which bottle of vintage Bordeaux.Food and drink: Very solid new British cuisine, with everything sourced as locally as possible and an award-winning, [...]
Latin America boosts profits at Telefonica May 13, 2009 TELEFONICA yesterday revealed the benefits of its a long-time investment in still-booming Latin America. The emerging region helped drive forecast-beating first quarter profit at Europe’s largest telecoms company, offsetting weakness in its home market of Spain. Telefonica beat market expectations with a 9.8 per cent rise in net profit, as growth in Latin America– and [...]
PETRA BEATS DIAMOND INDUSTRY BLUES May 13, 2009 A MAGNIFICENT blue diamond from Aim-listed Petra Diamonds’ Cullinan mine broke records at a Sotheby’s auction in Geneva on Tuesday evening when it was sold for $9.5m (£6.3m), bucking the industry’s recent woes. The 7.03 carat diamond fetched the highest price per carat for any gemstone ever sold at auction, as well as a record [...]
Loss for Land Securities as sales mooted May 13, 2009 LAND Securities, Britain’s largest property company, reported a record £4.77bn loss yesterday, signalling the extent to which the UK property market has imploded. The firm saw the value of its investment portfolio plummet by 34.2 per cent to £7.93bn, amid what the company described as “unprecedented” market conditions. Chief executive Francis Salway said: “This has [...]
The places in town not to be seen May 13, 2009 ARE you happy in your job? Of course you are. You are hardworking and – most importantly – loyal. But imagine if somebody did come along and try to headhunt you. You would be stupid not to agree to a meeting, just to have a chat and see how the land lies. A little bit [...]
Intel to contest record fine May 13, 2009 INTEL president and chief executive Paul Otellini said yesterday that the company will appeal against the record fine of €1.06bn (£1bn) that has been imposed by the European Commission for illegal rebates and other practices it used to squeeze out its rival, AMD. “Intel takes exception to this decision. We believe the decision is wrong and [...]
QUINLAN TO MISS LIONS TOUR May 13, 2009 MUNSTER flanker Alan Quinlan has been ruled out of the British and Irish Lions tour of South Africa after he was banned for 12 weeks for eye-gauging. The Irish international, 34, was cited for the incident involving Leinster’s Leo Cullen in the Heineken Cup semi-final at Croke Park on 2 May, and has been banned [...]
Test cricket has priority, says Strauss May 13, 2009 ENGLAND captain Andrew Strauss last night hit back at West Indian counterpart Chris Gayle insisting Test cricket should remain the most important form of the game. Strauss sparked the row in the build-up to the first Test at Lord’s last week, criticising Gayle for joining his West Indies team-mates just two days before the series [...]
Renault follow Ferrari with quit threat May 13, 2009 RENAULT have joined Ferrari in threatening to abandon F1 if controversial plans to introduce a voluntary budget cap are imposed next season. Several leading teams fear the optional nature of the £40m cap will create an unfair two-tier competition and damage the appeal of the sport. Ferrari, the oldest and most glamorous team, went public [...]
