WHAT THE OTHER PAPERS SAY THIS MORNING January 26, 2012 FINANCIAL TIMES OUTSOURCER SERCO TO CUT 500 JOBS Serco, the FTSE 100 outsourcer, is to overhaul its management structure, axeing at least 500 jobs, as it adapts to tougher market conditions in the UK, according to people close to the company. The group, which runs services including London’s bicycle hire scheme and four prisons, is [...]
WHAT THE OTHER PAPERS SAY THIS MORNING January 22, 2012 FINANCIAL TIMES EU PLANS RAISE HOME FORECLOSURE RISK UK homeowners could face higher mortgage costs and find themselves at greater risk of foreclosure as early as next year because of an obscure clause in the bank capital directive being worked on by the European parliament. US FUNDS RETURN TO EUROPEAN BANK PAPER US money market [...]
Djokovic dominance to continue in Melbourne January 12, 2012 AUSTRALIAN OPEN Does anyone fancy Novak Djokovic to better his incredible 2011 season? The Serbian won three Grand Slams, a record-breaking five Masters 1000 titles and 10 tournaments overall. He earned over $12 million last year alone, the same as fifth-ranked David Ferrer’s career earnings. Djoko’s achievements are no less impressive when you remember that [...]
I’LL BEAT THE DROP January 10, 2012 Mark Hughes promises to focus on short-term challenge of survival after being confirmed as manager of struggling QPR NEW Queens Park Rangers manager Mark Hughes insists the club cannot afford to look beyond preserving their Premier League status despite the ambitious plans of owner Tony Fernandes. Hughes’ appointment as Neil Warnock’s successor was confirmed yesterday [...]
Sports Direct hits out at Blacks January 10, 2012 Sports Direct has hit out at suppliers to Blacks Leisure for its failure to acquire the retailer, which was bought by its rival JD Sports this week. The firm said the deal was “disappointing” given its own bid for Blacks Leisure in 2010 being marked as “wholly inadequate”.
Our schools must be open to business so we can have a bright economic future January 10, 2012 NOW that pupils are back at school, it’s time to help them get down to business. One key question they need to be asked is: “Hands up who wants to go into business?” Their answer will not only shape the life chances of millions of young people, but will also have a dramatic impact on [...]
La Senza and Blacks saved from brink January 9, 2012 IT WAS all change on the high street yesterday after two of the UK’s stricken retailers, lingerie chain La Senza and outdoor sportswear company Blacks Leisure, were rescued from administration. Retailer JD Sports confirmed yesterday that it had bought all of Blacks’ 290 stores and the bulk of its business from its administrator KPMG in [...]
IT’S SHOWTIME January 9, 2012 THE 2012 Laureus World Sports Awards are coming to London next month – and City A.M. will be providing the best coverage over the next few weeks in the build-up to this world-famous event. The Laureus World Sports Awards Ceremony, to be held at Central Hall, Westminster, on Monday 6 February, is recognised as the [...]
Dragon adds fire to fight for Blacks Leisure stores January 5, 2012 DRAGONS’ Den star and serial entrepreneur Peter Jones has thrown his hat in the ring for the troubled outdoor goods retailer Blacks Leisure, which was put up for sale last month. Jones, who is on the panel of the BBC reality TV show, has emerged as one of the four trade bidders to have tabled [...]
JJB enjoys an uplift in sales for Christmas January 5, 2012 SPORTS retailer JJB, which was on the verge of collapse last year, has battled its way through the crucial Christmas period, reporting a five per cent lift in like-for-like sales in December. JJB’s second-half like-for-like sales fell by 7.8 per cent while margins fell by 3.2 per cent, it said yesterday. But this was still [...]