Tesco share price falls on £2.5bn credit facility claims September 30, 2014 Tesco share price fell again today – though far less than in recent days – after it emerged the embattled supermarket had sought a £2.5bn banking facility to prop it up against any impact from credit ratings downgradings. The supermarket was 0.4 per cent down in early trading today, with its share price continuing [...]
George Osborne finds his Tory party conference speech a little taxing but recovers speedily September 29, 2014 Party goers at the Tory conference in Birmingham had a difficult decision last night. Should they quaff champers at The Telegraph’s shindig or shuffle to Sky’s event? The two parties went head to head from 10.30pm, with David Cameron expected to show face at the former. No doubt Osborne felt he deserved a drink following [...]
CityFibre revenue increases but rising costs up fibre firm’s losses September 29, 2014 WHOLESALE fibre operator CityFibre reported a 45.6 per cent jump in revenues during the first half of the year as it secured a number of new long-term public sector contracts for use of its network. Despite the revenue growth CityFibre’s losses widened during the six months to 30 June, rising to £3.6m from £2.96m during [...]
Merged Endemol, Shine and Core led by Laing September 29, 2014 Sky’s former director of content, Sophie Turner Laing, is in line to score the top job at the merged Endemol, Shine and Core Media group, if the deal to create world’s largest independent television production group is signed off by owners 21st Century Fox and Apollo Global Management.
Strike over at Air France but talks continue September 28, 2014 Air France is hoping for clearer skies ahead as a pilots’ strike that has cost the airline hundreds of millions of euros finally ended yesterday. The strike by pilots had lasted for two weeks since 15 September, and resulted in a wide range of flight cancellations and delays, that Air France estimated cost the airline [...]
Ukip conference 2014: Nigel Farage sets out tax-cutting policies September 26, 2014 Ukip has gathered in Doncaster for its last party conference before next year's general election. The timing is somewhat unfortunate for Nigel Farage's eurosceptic party with much of the media's attention focused on the upcoming vote on whether Britain will join airstrikes against ISIS. However, that won't stop the party putting forward some eyecatching policies to [...]
Wonga braced for sharp fall in its profits September 25, 2014 Online payday lender Wonga is set to report profits of £50m for 2013, down from £84.5m the previous year, it was reported yesterday. The high-profile firm has been beset with problems in the past year, with founder Errol Damelin stepping down as chairman and chief executive Niall Wass quitting after just six months in the [...]
GlaxoSmithKline to name Sir Philip Hampton chair September 24, 2014 SHARES in pharmaceutical giant GlaxoSmithKline (GSK) rose slightly in late afternoon trading yesterday after it emerged that Sir Philip Hampton was likely to be named as its new chairman. GSK is likely to announce Hampton’s move in the next two days – and with such a large job he is expected to eventually give up [...]
Rose and Bradley the value to be their teams’ top player September 24, 2014 UNDERSTANDABLY both Rory McIlroy and Rickie Fowler head the Top European and Top American markets respectively, after both men enjoyed their finest seasons to date. World No1 McIlory’s confidence is sky-high after landing two Majors this season, while Fowler’s consistency at the top-level has been breath-taking. But it’s Justin Rose, rather than McIlroy, who offers [...]
Out of sight September 23, 2014 Michael Hoppen Gallery to showcase photographs of the horizon The horizon, where land and sky conspire to conceal the unknown, has long been a fixation of photographers. On the one hand it connotes distance, expansiveness, the epic curvature of the earth. On the other, it’s a symbol of the limitation of human perspective – a [...]