Obama’s isn’t the only job at risk October 8, 2012 BARACK Obama’s re-election hopes were given a boost on Friday with a strong non-farm payroll print, coupled with a significantly improved unemployment rate. With less than a month until the US presidential elections on 6 November, the crucial employment survey gave the Obama camp an unbelievable fall in unemployment – falling to 7.8 per cent [...]
Best of the Brokers October 4, 2012 TESCO UBS maintains its “neutral” rating for Tesco while raising the target price to 350p from 325p, despite first-half trading profits that slightly missed consensus estimates. SPORTS DIRECT Seymour Pierce has upgraded the athletics retailer from “hold” to “buy,” and raised its target price from 285p to 420p, saying the firm is well placed to [...]
Woodward set to leave BOA role October 4, 2012 SIR Clive Woodward is to resign as the British Olympic Association’s director of sport but will retain an ambassadorial role and his seat on the entourage commission of the International Olympic Committee. “Post London 2012 is the right time for me to leave the BOA, which is now taking a new direction following a home [...]
Axe falls on 133 shops as JJB gives up October 1, 2012 AROUND 2,200 staff at JJB Sports were made redundant yesterday after administrator KPMG finally closed down 133 of the stricken retailer’s stores and sold the remaining 20 shops to Sports Direct. The rival group, controlled by Newcastle United football club owner Mike Ashley, has bought the JJB brand, its stock, as well as the Slazenger [...]
Sports Direct set to snap up 60 JJB stores September 27, 2012 THE break-up of loss-making and debt-laden British sporting goods retailer JJB Sports is set to begin with market leader Sports Direct yesterday sealing a deal to buy 60 of its stores. JJB, based in Wigan, said on Monday it was close to appointing KPMG as administrators to sell its assets and brands after failing to [...]
What the other papers say this morning September 26, 2012 FINANCIAL TIMES L’Oréal chief hits out at income tax France will find it “almost impossible” to hire top talent if the government goes ahead with plans to impose a 75 per cent marginal income tax rate, the head of L’Oréal, one of the country’s biggest companies by market value, has said. Jean-Paul Agon, chairman and [...]
State-of-the-art studio has style and substance September 26, 2012 Media company BSkyB approached K+N to work with it on the design and implementation of its new studio space for Sky Sports News. The privately owned furniture company was founded in 1925 and has grown to become the largest manufacturer of office furniture in Europe. The sports channel, along with a number of other Sky [...]
Meet the hero of the Audi range September 25, 2012 The Neckarsulm facility, near Stuttgart in Germany, is the home of Audi’s R8 supercar production and where it builds its RS line of high-performance vehicles. It’s also where quattro GmbH and its motorsport division is based, which is why we’re racing across Europe from the UK to Neckarsulm on a 600-mile drive in Audi’s latest [...]
JJB Sports calls time as it hires administrators September 25, 2012 AILING retailer JJB Sports yesterday confirmed it will appoint administrators after failing to receive an offer for the entire company, putting up to 4,000 jobs at risk. Shares in the group – which were worth a total of as much as £1bn a decade ago – were suspended yesterday and remaining investors, including US tycoon [...]
The New York fairytale hoping to wow London. But is it any good? September 24, 2012 RESTAURANT BALTHAZAR 80 Spring St, New York Tel: 00 1 212 965 1414 FOOD **** SERVICE ***** ATMOSPHERE **** Cost per person without wine: £45 In the late nineties and early noughties, New York’s Balthazar was the very definition of an “it” restaurant. Renowned as one of the hardest places to get a table in [...]