Avanti misses but retains sky high ambitions October 10, 2012 SHARES in Avanti Communications, the satellite broadband company, took a 16 per cent hit yesterday as the firm said turnover had missed forecasts for the year. Avanti posted annual revenue of £15m, against the company’s guidance of £17.8m, and saw losses widen from £12.7m to £16m. Chief executive David Williams was positive about Avanti’s performance [...]
PM says Plan B is not answer to gloomy data October 9, 2012 THE GOVERNMENT’S resolve to cut the deficit will not be tested by dismal new IMF economic forecasts, Prime Minister David Cameron said yesterday, instead suggesting the government would attempt supply-side reform to bring growth. The IMF said the government should delay some spending cuts scheduled for next year if economic data failed to improve, but [...]
Report says shortage of homes in London will stunt job growth October 8, 2012 LONDON’S housing shortage is set to become severe enough to harm job creation in the capital, a report claimed this morning. Living conditions will become more cramped with young people forced to stay in the rental market for even longer, according to Cluttons, a group of consultants and chartered surveyors. “Large increases in demand for London [...]
Hammond warns French and Germans over BAE October 7, 2012 BAE Systems and EADS’s merger plans face a number of political obstacles that could cause the defence giants to ask the Takeover Panel for an extension ahead of a deadline this Wednesday. Defence secretary Philip Hammond warned yesterday that the French and German states must reduce their stakes in EADS if Britain is to approve [...]
All Saints chairman fired by the firm’s private equity owners October 7, 2012 KEVIN Stanford, the chairman of All Saints fashion chain, has been fired from his role after a fall out with the group’s majority shareholders. Stanford was sacked about two weeks ago by Lion Capital, the private equity firm, which rescued the debt-laden retailer for an undisclosed sum last year. Lion Capital, which also owns American [...]
Visit Malaysia for the birds, the bees and the leeches October 7, 2012 MY HERO swoops down in the nick of time. I’m perched atop a bare rock, too petrified to move when she flies to my rescue. Barely seven inches tall, the blue-winged pitta flits to the ground and within moments, her beak is filled with what look like needle-thin worms. I’ve never been happier to see [...]
Hero Hodgson admits to Sarries try concerns October 7, 2012 FLY-HALF Charlie Hodgson single-handedly led Saracens to a 28-23 Aviva Premiership victory against London Welsh yesterday but insists everyone at the club – including himself – is striving for more. Hodgson scored all of Saracens’ points at the Kassam Stadium, beating his previous record of 27 in a Sale shirt more than a decade ago, [...]
As UK universities slip down world rankings, is private higher education the way forward? October 4, 2012 YES Carl Lygo So how do governments respond to educational demand in a time of austerity, when there’s estimated to be 300m students globally by 2025? Enter the private sector, which provides quality higher education on a large scale. A major plus is that programmes tend to be career focussed, closely aligned to the world [...]
The man who changed Savile Row October 4, 2012 THERE are times when Edward Sexton could seem straight out of a Guy Ritchie movie, with his wizened pink features, shock of punkish white hair and thick cockney accent – especially when he says, of the suits he’s created with ready-to-wear specialists Chester Barrie: “It’s a steal really, one of these suits, a bloody steal!” [...]
Utah: America’s secret scenic wonderland October 1, 2012 Touching down at Las Vegas airport at 9pm, we made a classic mistake. Predicting we’d be fine to drive the two-hour journey to our hotel after a refreshing Diet Coke and a few rounds of Blackjack at the Mandalay Bay, we didn’t expect to find ourselves deliriously sleep-deprived, jetlagged to the max and sans sat-nav, journeying [...]