WHAT THE OTHER PAPERS SAY THIS MORNING December 19, 2011 FINACIAL TIMES NETWORK RAIL WARNED OVER BONUSES Senior management at Network Rail should forget about bonuses next year, Justine Greening, the transport secretary, said on yesterday. She was speaking after the Office of Rail Regulation (ORR) found that the owner of Britain’s railway infrastructure had failed to meet its punctuality targets and was in breach [...]
WHAT THE OTHER PAPERS SAY THIS MORNING December 15, 2011 FINANCIAL TIMES CVC STRUGGLES WITH TERRIBLE RESULTS IN ASIA When CVC raised a $4.12bn Asian buy-out fund in 2008, Marc St John, its head of investor relations, referred to the private equity group’s record in the region when he said investors “like what they see”. A few years and a financial crisis later, investors are [...]
Washington DC October 23, 2011 Food DC’s West End lies within an easy stroll of the White House, so there are plenty of opportunities for “power dining” among the area’s officials, lobbyists – and visitors alike. The Old Ebbitt Grill’s Oyster Bar is rightfully renowned, has an authentic Victorian interior, and being two blocks from the White House was a [...]
Air Berlin chief quits after a quarterly loss and plans for drastic network cuts August 19, 2011 AIR Berlin founder and chief executive Joachim Hunold quit yesterday after the low-cost carrier posted a quarterly loss and cut its network in the quest for its first annual profit since 2007. If the board accepts Hunold’s suggestion, Hartmut Mehdorn, the former head of state-owned rail operator Deutsche Bahn, would take over as interim chief [...]
THE WEEK AHEAD April 10, 2011 COMPANY NEWS • Today, Alcoa reports its first quarter earnings. This will give traders indications to what extent higher commodity prices are feeding through into profits. Alcoa is the world’s largest miner of bauxite and refiner of alumina. • Also today, beleaguered BP will host an EGM, while on Thursday it will have to face [...]
Behind the scenes at the house of KRUG December 19, 2010 KRUG, the grand old Champagne house, has been feeling a little unloved of late. Revered across the world as a wine that’s emblematic and long-lasting, it is perhaps perceived as a Champagne to be bought, sold and stored, rather than drunk in celebration. This was not always so, and Krug wants to have fun again. [...]
The airline boss with a hit list of 12 bid targets in his desk drawer September 13, 2010 It is clear that British Airways (BA) chief executive Willie Walsh always likes to keep his foot hard on the pedal. The Dublin-born airline boss is in the middle of a bitter 18-month dispute with his cabin crew, and only a few weeks ago received US and European regulatory clearance to pursue a transatlantic tie-up [...]
BA boss eyes fresh round of merger deals September 5, 2010 BRITISH AIRWAYS chief executive Willie Walsh has drawn up a hit list of a dozen companies he wants to buy after he has sealed his merger with Iberia and American Airlines in a bid to become the biggest airline group in the world. Walsh said: “The mergers with Iberia and American were never meant to [...]
Airbus signs $11bn A380 deal June 8, 2010 AIRBUS celebrated yesterday after receiving a record breaking order from Emirates Airline for 32 A380 planes worth $11.5bn (£8bn). The deal, the largest of its kind yet, was signed in Berlin by the airline’s chief executive and chairman Sheikh Ahmed Bin Saeed Al-Maktoum and Airbus president and chief executive Tom Enders. The signing was witnessed [...]
WHAT THE OTHER PAPERS SAY THIS MORNING May 27, 2010 FINANCIAL TIMES COMMODITIES SURGE AFTER WARNING ON HURRICANE SEASON Oil and natural gas prices surged on Thursday as the US government said this year’s hurricane season could rank among the most active to date, comparable to years that brought such devastating storms as 2005’s Katrina and Rita. The outlook raises the possibility of damage to [...]