Second bid for Lookers was 70p per share July 7, 2011 CAR dealership Lookers yesterday revealed that the bid it rejected last week from a group of investors led by Jack Petchey was priced at 70p per share, below the expected 80p. Petchey’s Trefick vehicle downgraded its offer after taking a gloomy view of Lookers’ pension fund and valuing its property portfolio at a lower level [...]
Advertisers ditch tabloid July 6, 2011 BLUE-CHIP companies’ boycott of the News of the World following the fresh revelations in the phone hacking scandal could cost News International millions of pounds in lost advertising revenue, according to analysts. The tabloid generates about £35m in annual advertising revenue, and as much as half of this could be lost to rival Trinity Mirror [...]
Advertisers snub Murdoch tabloid July 5, 2011 A string of top companies yesterday said they could pull advertising from the News of the World as the phone hacking crisis engulfing the newspaper continued to escalate. Ford said it will not place adverts in this weekend’s edition and companies including nPower, Halifax and Everything Everywhere say they are considering cutting ads in light [...]
WHAT THE OTHER PAPERS SAY THIS MORNING July 3, 2011 FINANCIAL TIMES JLR IN 50 PER CENT BOOST TO SPENDING Jaguar Land Rover is to boost its spending on products by 50 per cent from about £1bn to £1.5bn as the UK’s largest premium carmaker prepares to launch the most important vehicle since Tata Motors bought the group from Ford Motor three years ago. CHI-X [...]
Heartening US data prompts market rally July 1, 2011 Financial stocks have powered ahead today after good economic news from the US and a reduction in concerns over Greece’s debt prompted a market rally. Lloyds, Barclays and RBS, the UK’s three biggest banks, have provided firepower to the FTSE 100, leaving it 0.7 per cent higher at the close, at 5,989.76 and bringing it [...]
Man up your summer skin June 27, 2011 GET THE SKIN 1 Jack Black double duty face moisturiser, £28, www.murdocklondon.com 2 Shiseido Skin Empowering Cream, £85, www.shiseido.co.uk 3 Skeen salicylic unclogging jet mattifying fluid, £37, www.spacenk.co.uk 4 Myego tinted moisturiser, £16.50, www.carterandbond.com 5 Tom Ford Grey Vetiver aftershave balm, £30, www.spacenk.co.uk 6 Kyoku for men Eye Fuel, £17 www.harrods.com 7 Proraso anti-wrinkle cream, £14, www.carterandbond.com
Q&A: HOW TO GET DRESSED: CHIC FOR A FESTIVAL June 26, 2011 Q. We’ve got a big festival summer ahead – my usual strategy would be to pack 20 outfits and to work it out when I’m there but my boyfriend is being v militant about our bags. What should I take? A. WELL it’s easy for him as he’s just going to wear a tee-shirt and [...]
Expert festival beauty tips June 20, 2011 IT’s here! Glastonbury – ground zero music-wise on many a Londoner’s calendar – opens this weekend. And as we all know, camping and grooming don’t mix. But, say experts, it’s easier than you think to achieve a nice festival glow. City A.M. rounded up their top tips. GET A MANI PEDI: “It immediately makes you [...]
WHAT THE OTHER PAPERS SAY THIS MORNING June 16, 2011 FINANCIAL TIMES BOLTON’S CHINA FUND SUFFERS Anthony Bolton, the feted fund manager at Fidelity International, has suffered a stumble with the poor performance of his new flagship China fund this year. Mr Bolton’s China Special Situations fund raised £460m ($743m) when it launched with much fanfare on the London Stock Exchange last April. But in [...]
Two day rally ends on Greek worries June 15, 2011 US stocks sank on Wednesday as Greek debt woes, US data and disappointing profit forecasts fueled bearish sentiment, putting the market back on its downtrend after a two-day rally. Forecasts from companies, including Nucor Corp, Owens Illinois and Ford, underscored concern that economic sluggishness will hit earnings. Bank stocks helped lead the decline after Moody’s [...]