AB InBev tips profit surge November 3, 2010 Anheuser-Busch InBev, the world’s largest brewer, forecast profit would grow at an even faster pace in the fourth quarter than the third after beer consumption shot up in growth markets Brazil, China and Russia. The brewer of Budweiser, Stella Artois and Beck’s said growth of its much-watched core profit (EBITDA) would be “materially” higher than [...]
WHAT THE OTHER PAPERS SAY THIS MORNING November 2, 2010 FINANCIAL TIMES ITV BLAMES REGIME FOR NEED TO CHASE RATINGS ITV could invest more in arts, factual programming and drama were it not for regulations, its managers told a Lords committee. Archie Norman, chairman of the UK’s largest commercial broadcaster, and Adam Crozier, chief executive, told the communications committee that ITV had been driven into [...]
WHAT THE OTHER PAPERS SAY THIS MORNING November 2, 2010 FINANCIAL TIMES ITV BLAMES REGIME FOR NEED TO CHASE RATINGS ITV could invest more in arts, factual programming and drama were it not for regulations, its managers told a Lords committee. Archie Norman, chairman of the UK’s largest commercial broadcaster, and Adam Crozier, chief executive, told the communications committee that ITV had been driven into [...]
Imperial sees profit double November 2, 2010 BRITISH group Imperial Tobacco, the world’s fourth-biggest cigarette maker, met forecasts with an 11 per cent rise in full-year earnings as price increases and cost savings offset lower sales volumes. The maker of Lambert & Butler, West and Gauloises has seen cigarette volumes fall as smokers switch to cheaper, and sometimes illicit, cigarettes in the [...]
Lebedev bank is stormed by armed and masked cops November 2, 2010 Armed police stormed a Moscow bank controlled by the billionaire owner of the Independent and Evening Standard in a dramatic raid yesterday. Around 30 Russian police carrying Uzis and clad in balaclavas terrified staff as they demanded access to documents. Tycoon and former KGB spy Alexander Lebedev was in the offices of his National Reserve [...]
Jailed Yukos oil tycoon rails against Kremlin November 2, 2010 JAILED former oil tycoon Mikhail Khodorkovsky used his closing argument at his second trial yesterday to raise his profile as a political prisoner, saying he would sacrifice his life for the rule of law in Russia. Khodorkovsky said he was “ashamed” of Russia, a country where “a person who collides with ‘the system’ has no [...]
FUND MANAGEMENT NEWS November 2, 2010 RENAISSANCE UNVEILS THREE NEW UCITS FUNDS Renaissance Asset Managers, the emerging and frontier markets investment firm, launched three new Ucits funds offering international institutions exposure to fast growing emerging market asset classes. The Emerging Europe Long Short Equity and Emerging Europe Equity Fund were launched last week while it is anticpated that the Russia Debt [...]
Kurt Geiger moves to boost footprint in overseas market November 1, 2010 DESIGNER shoe company Kurt Geiger yesterday announced that it would be opening 32 branches opening across Russia, Turkey and Malaysia over the next five years. The move will mean more than double the current number of international branches across Europe and the Middle East. Kurt Geiger has signed a partnership deal with Fashion Galaxy Group [...]
Foreign buyers prop up London property values November 1, 2010 FOREIGN buyers are helping push up house prices in the most affluent areas of central London, according to fresh research. While the value of prime homes in London has fallen one per cent since July, overseas buyers have buoyed prices in areas like Kensington and Chelsea, says agent Knight Frank. Foreign buyers made up 68 [...]
WHAT THE OTHER PAPERS SAY THIS MORNING October 31, 2010 THE SUNDAYS The Sunday Telegraph MAUDE DEMANDS SERCO ANSWER Serco is to be ordered to explain to the government why it took the highly unusual step of writing to its leading suppliers to demand that they pay a blanket 2.5 per cent “cash rebate” on their work this year or risk losing future contracts. Serco, [...]