Ford warns new car launches will dent its profit growth next year December 18, 2013 FORD warned yesterday that the cost of launching new vehicles and a deteriorating Venezuelan economy would dent its profit next year, news that sent the US’ second-largest automaker’s shares to their biggest one-day percentage drop in more than two years. The Detroit-based company said its mid-decade target for a global automotive profit margin of eight [...]
One of the top candidates for Microsoft CEO just got snapped up by Qualcomm December 13, 2013 A day after rumours circulated that Steve Mollenkopf could be one of the top picks for the Microsoft CEO job, Qualcomm has announced that he'll be its CEO and president. Mollenkopf will take the lead from 4 March 2014 at the chip giant. He's been at the company for nearly 20 years, and replaces Dr. [...]
Future is sweet for Nectar as it ranks top of the loyalty schemes December 10, 2013 NECTAR has become the country’s most popular loyalty scheme, with 16.8m subscribers. A staggering 50 per cent of households now swipe their Nectar card when shopping in stores and online and it has become more popular than both the Tesco Clubcard and the Boots Advantage card. Gwyn Burr, Sainsbury’s customer director, said: “Customers are increasingly [...]
Gold leaves Bath director post December 9, 2013 RUGBY UNION: High-flying Bath have parted company with director of rugby Gary Gold. The South African, 46, took up his new role in the summer when the club, who sit third in the Premiership, promoted Mike Ford to head coach.
Car sales up in Britain for 21st month in a row December 5, 2013 BRITS bought seven per cent more new cars in November than they did a year ago, industry figures showed yesterday, in the latest sign that the car market is racing. New car registrations rose to 159,581 units in the month, according to the Society of Motor Manufacturers and Traders. The pace accelerated from a four [...]
The 10 best selling cars in the UK December 5, 2013 Car registrations jumped by a whopping seven per cent in November, to 159,581 units – the month's best performance since 2004, according to new SMMT data. That brings the total registered to date up to 2,111,819 – up 9.9 per cent and already ahead of 2012's full year registrations of 2,044,609. "Motorists have bought more [...]
What the other papers say this morning – 04 December 2013 December 3, 2013 FINANCIAL TIMES IBM legal challenge to India tax claim IBM has launched a legal challenge over an estimated $800m tax demand from India’s revenue department – becoming the latest major western multinational to find itself ensnared in a payment dispute in Asia’s third-largest economy. The company’s move follow a series of recent high profile tax rows [...]
New York Report: Lack of festive cheer sends stocks down December 3, 2013 THE DOW and the S&P 500 fell for a third straight day yesterday, dropping from record levels in a broad decline as investors took profits amid signs of a weak holiday shopping season. Retail and consumer discretionary stocks were among the weakest of the day. Amazon slipped two per cent to $384.66 and was one [...]
5 movie prop shockers – How much would you’ve paid for Walter White’s underwear? December 3, 2013 Perhaps another sign of global economic pickup, as recent movie prop auctions see people splashing out big time on their favourite memorabilia. Here are five movies (well, four films and one adulated TV series) that illustrate the point: Game of Death The coveted jumpsuit that clad Bruce Lee in "Game of Death" went up for [...]
Reliable? Certainly. Cool? Not quite November 25, 2013 Skoda has built a strong reputation on its solid, dependable cars. Now it’s aiming for something more stylish SKODA’S transformation under the stewardship of Volkswagen Group has been nothing short of remarkable. In 15 years it has evolved to become one of the best-selling car brands in Europe. It is also one of the most [...]