Chair of DMGT mulls stock bid August 13, 2013 VISCOUNT Rothermere is understood to be inching towards a bid for the 10.8 per cent of Daily Mail General Trust’s (DMGT) voting shares he does not already own. Rothermere, the DMGT chairman, could make the bid through his trust, Rothermere Continuation Limited (RCL). The move, first reported by Sky News, would see RCL buy out [...]
Expansion at Heathrow gets a boost from traffic number and backing of air alliances August 12, 2013 Heathrow airport handled 6.9m passengers in July – up 5.5 per cent from the year before. This increase was largely due to lower traffic last year from the timing of the Olympic games in London. East Asia traffic saw the biggest increase, up 18.9 per cent primarily due to increases in capacity. China traffic was [...]
Bottom Line: Head this way for destination retail August 11, 2013 TESCO unveiled its revamped hypermarket in Watford last week to much fanfare. The 80,000 square foot store is a crucial test-bed for the “retail destination” concept Tesco is creating to tackle declining footfall as the digital revolution bites. Tony Hoggett, Tesco Extra head, said the store – with its community room, Euphorium bakery, Giraffe [...]
Tesco linked to China merger August 8, 2013 Tesco is expected to announce today an agreement to merge its operations in China with a division of state-run retailer China Resources Enterprise. Citing people close to the talks, Sky said that the supermarket group, is set to sign an agreement to merge its store estate in China with that of Vanguard, which is a [...]
Lord Browne plans boardroom return August 8, 2013 LORD Browne, the former boss of FTSE 100 oil giant BP, is planning a return to the boardroom of a London-listed company according to Sky News. Browne – who is a partner at private equity firm Riverstone Holdings – is to take a board role at the firm’s new energy investment firm, Riverstone Energy, which [...]
Ihtimal can continue Godolphin’s sweet record in the Solera Stakes August 8, 2013 ASCOT stages its popular Shergar Cup meeting tomorrow and the fields are as competitive as ever. It really does look like a minefield for punters, but one that has caught my eye is RACY in the Barclays Shergar Cup Dash (2.05pm) for the in-form Brian Ellison team. The six-year-old ran a stormer to finish fourth [...]
Inside Track: Lord Davies still in the running for both RBS and Lloyds August 7, 2013 LORD Davies, the former trade minister and one of the City’s most distinguished bankers, is not a man who gives up easily. So it must have been galling that the share price of Lloyds Banking Group has put on a gallop in recent weeks, faster than the famous black stallion that adorns its logo. Project [...]
Vodafone splashes out on sport content for new 4G customers August 7, 2013 VODAFONE became the latest of the big name mobile networks to announce the launch of 4G data services yesterday. Chief executive Guy Laurence confirmed that the switch-on for high-speed data content would begin in London on 29 August, with 12 cities to be 4G-ready before Christmas. He also revealed a deal with Spotify and Sky [...]
Vodafone to lure customers onto new 4G service with sport and music services August 7, 2013 Vodafone has announced it will be launching its high speed 4G service on the same day as rival O2 on 29 August. The operator will be looking to get the edge on its rival by offering 150 hours of Premier League football from Sky Sports or music from online streaming service Spotify Premium – as [...]
Osborne urged to begin selling off Lloyds stake – but insiders say don’t expect action soon August 6, 2013 Part of the government stake in Lloyds Banking Group could be sold off imminently thanks to the recent surge in share prices, UK Financial Investments (UKFI) has told chancellor George Osborne. UKFI is the agency charged with managing the taxpayer stake in Lloyds Banking Group. Sky News, who first reported the story, cited sources in [...]