Cineworld profits on the up despite the downturn October 27, 2009 CINEWORLD revealed a solid third-quarter trading performance yesterday, despite the economic downturn and decline in screen advertising. The group posted healthy trading with total revenues up 6.5 per cent in the 43-week period to 22 October. This was largely due to the 10.9 per cent growth in box office sales and five per cent growth [...]
Further tube strikes threatened October 27, 2009 Tube drivers on the Metropolitan and Hammersmith and City lines will be balloted for strike action, it emerged yesterday, in a dispute over new timetables. Union bosses are meeting today to approve a ballot for the 250 drivers at Neasden depot, which serves the two lines. The threat brings yet more bad news for commuters, [...]
OUT OF OFFICE October 26, 2009 HAPPY HOUR AT GREEN’S RUNNER BARLeave work before seven this week and you’ll be in time for cut-price drinks at the Runner Bar at Green’s: 50 per cent off house cocktails, wine and beers from 5:30 to 7pm. If that’s not tempting enough, the bar is offering free live jazz this Wednesday and Friday too. [...]
BAreadies itself for strikes this Christmas October 26, 2009 FEARS of a bleak?Christmas for British Airways (BA) were growing last night, after the Unite union said it would ballot its 14,000 cabin crew on strike action. Unions and BA management have been at loggerheads over cost-cutting at the airline, which is struggling to weather the financial storm. Nine months of talks fell apart yesterday [...]
TRAVEL NOTES October 25, 2009 Christmas in Bora BoraThe weather’s getting cold and the nights are drawing in. Imagine, then, an escape to the South Seas and days spent in over-water suites or beachfront villas, the sun beating down as you watch sea turtles paddle by and, later, seeing the sun set over the island’s dramatic Mount Otemanu. That’s the [...]
Green appoints chief exec to run clothing empire Arcadia October 22, 2009 RETAIL magnate Sir PhilipGreen yesterday appointed a full-time chief executive to run clothing business Arcadia. Green said he had hired Ian Grabiner, Arcadia’s chief operating officer, as chief executive, as he warned of a tough Christmas on the high street. And the tycoon – who is adamant that the shake-up will not see him take [...]
Profits up at Debenhams October 22, 2009 Department Chain Debenhams reported a better-than-expected 14 per cent full-year pre-tax profit and saying it had cash for acquisitions. Disappointing retail sales data from the Office for National Statistics cast a shadow over Debenhams’ news that it had made a profit of £125.2m, driven by a strong demand for its Designers at Debenhams range. Sales [...]
TORIES TO PRIVATISE THE POSTAL SERVICE October 22, 2009 SHADOW business secretary Ken Clarke yesterday said that a Tory government would privatise the Royal Mail if it wins the next election, as the Communication Workers Union (CWU) announced a second three-day walk out next week. Clarke said that only private capital and management could give Royal Mail a new lease of life and end [...]
Speculation is driving the price of oil October 21, 2009 OIL’S break through to $80 per barrel earlier this week was attributed to yet another bout of dollar weakness in forex markets, or a strong gasoline inventory draw-down in the US. But looking at the truly fundamental factors – the Organisation of the Petroleum Exporting Countries’ (Opec) spare production capacity standing at a whopping 5.5m [...]
Heroes of sport that touched England’s great cricket legend October 21, 2009 MY SPORTING HEROESBY IAN BOTHAMMainstream, £18.99 WHEN AN icon such as Sir Ian Botham lists you among his sporting heroes, then you know you have a story to tell. Fresh from the success of his 2007 autobiography Head On, England’s finest all-round cricketer is back with My Sporting Heroes – a light-hearted look at the [...]