Network Rail bosses set to get bonuses June 3, 2009 RAIL OPERATOR Network Rail said yesterday it would pay its executives bonuses, despite a furore over pay in blue chip companies, and a possible licence breach at the company. Directors will share £1m between them as the rail regulator, the Office of Rail Regulation (ORR), investigates claims of a licence breach on its west coast [...]
WHAT THE OTHER PAPERS SAY THIS MORNING June 2, 2009 FINANCIAL TIMESCARLSBERG SEEKS TO EXTEND REACH IN ASIACarlsberg, the Danish brewer, is planning further expansion in Asia to help reduce its substantial exposure to the volatile Russian beer market. “We do see Asia as being a place to expand and invest in,” Jørgen Buhl Rasmussen, chief executive, told the Financial Times in an interview. He [...]
OUT OF OFFICE June 2, 2009 SISTER ACT AT THE PALLADIUMWhoopi Goldberg, star of the 1992 hit comedy Sister Act, has produced the new production of the singing nuns-in-habits taking the West End by storm (just in case it needed another musical). American actress Patina Miller has taken the baton from Ms Goldberg in this production as its star; with Sheila [...]
Spending boost for West End’s stores May 25, 2009 HALF a million shoppers were drawn to London’s West End this bank holiday by a day of free parking and in-store entertainment. The event, which saw shoppers spend around £50m on Saturday alone, took the New West End Company six months to organise with co-operation from West End retailers, Westminster City Council and Transport for [...]
This naked model is the sign of a new Puritanism May 19, 2009 THE UK edition of Vogue has a naked woman on its front cover this month. Oddly, for a magazine that celebrates female fabulousness and glamour, this is only the second time that this has happened – the first was in 1995 when Kate Moss bared all. (Robbie Williams did too, when he cavorted with Gisele [...]
WHAT THE OTHER PAPERS SAY THIS MORNING May 19, 2009 FINANCIAL TIMESUS HOUSING OPTIMISM PREMATUREGrowing optimism over the US housing market may be premature, a leading retailer warned yesterday. Frank Blake, chief executive of Home Depot, said housing market signals were still mixed. “We are concerned about the accelerating rates of foreclosures, particularly in the western part of the country,” he said, noting that one [...]
WHAT THE OTHER PAPERS SAY THIS MORNING May 18, 2009 FINANCIAL TIMESCASH-STRAPPED TOURISTS AVOID SPANISH SUNBritish tourists impoverished by the weak pound, German holiday makers worried about recession and a domestic market laid low by the sharpest economic contraction for 40 years: it would be hard to imagine a worse combination for Spain’s tourism industry as bookings in many places are down by at least [...]
London retail sales ahead of rest of UK May 17, 2009 RETAIL sales in central London were up 5.4 per cent in April, compared with the previous year – beating the 4.6 per cent increase in the UK as a whole – according to data released by the British Retail Consortium today. “April was a good month for retail, with Easter falling in the month and [...]
Trio join the cash call craze May 17, 2009 A TRIO of property companies are setting their sights on fundraising this week to exploit opportunities created in the downturn. Great Portland Estates, Big Yellow Group and Shaftesbury have all been working with advisers on how to tap investors for extra cash. West End property specialist Great Portland Estates, is expected to announce a fundraising [...]
Why Randgold Resources’ boss can afford to go on a 48-day bike safari May 17, 2009 BIG, burly, loud and infectious: Mark Bristow, the founder and chief executive of Randgold Resources, looks every inch a mining man. The 6’3” South African is in good form as he bounds into the gold miner’s functional London office in the shadow of the Savoy Hotel (it is undergoing a 16-month £100m refit – the [...]