Third G4S director stands down after Olympics contract fiasco November 13, 2012 SECURITY firm G4S said yesterday that a third director has left the company following its Olympic Games contract blunder. It is understood Mark Hamilton, a former bodyguard to Beatles star Sir Paul McCartney and the man who led G4S’s Olympics team, left the world’s biggest security firm by mutual consent. Chief operating officer David Taylor-Smith [...]
Workspace plans Tower Bridge building as pre-tax profits soar November 13, 2012 WORKSPACE yesterday posted better-than-expected half year results, driven by strong tenant demand for its trendy London office space and its focus on asset management. The company, which provides offices to some 4,000 businesses such as Moonpig, as well as the Metropolitan Police, became a stock market darling after posting stellar annual results in May and [...]
James Bond to the rescue at Cineworld November 13, 2012 THE RELEASE last month of the James Bond film Skyfall has helped cinema chain Cineworld bounce back from a tough summer season when the Olympics drew moviegoers away from the big screen. The group yesterday posted a 1.4 per cent fall in revenues in the 19 weeks to 4 November while cinema admissions dropped by [...]
What the other papers say this morning November 12, 2012 FINANCIAL TIMES Nissan hits back at tax critics Nissan yesterday became the latest company to face scrutiny over its tax affairs after it was revealed that Britain’s biggest carmaker avoided millions in corporation tax every year by selling vehicles through a Swiss company that manages its European operation. The company hit back at the criticism, [...]
BBC search for successor is on after boss quits November 12, 2012 THE SEARCH for a new head at the BBC started yesterday after George Entwistle’s dramatic Saturday night resignation left the broadcaster’s radio boss Tim Davie at the head of the organisation. Although he had not known about the Newsnight report that falsely implicated a former leading Tory as being involved in a child abuse scandal, [...]
Di Matteo: We will battle on with or without Terry November 11, 2012 CHELSEA 1 vs LIVERPOOL 1 CHELSEA boss Roberto Di Matteo last night insisted his team can cope without John Terry and keep challenging for the Premier League title, after the club’s captain was stretchered off in agony during a disappointing home draw against Liverpool. Terry opened the scoring on 20 minutes but the injury, suffered [...]
Rolls-Royce confident on targets November 9, 2012 Power systems firm Rolls-Royce said this morning it expects to post good growth in underlying revenue and profit for the year, despite forecasting flat revenue in its marine division. The FTSE 100 firm said guidance for all business segments remained unchanged, except in its marine division, where revenue would be broadly flat due to “phasing [...]
The President has a mandate but must now battle the second term curse November 7, 2012 AS AMERICANS congregated around their television sets on election night, all eyes were on Florida. With its 29 electoral college votes, losing the state would put an early end to Mitt Romney’s hopes of winning the White House. But, with quick and decisive victories elsewhere, it was clear that President Barack Obama would win re-election [...]
IHG seeks new bidders for its New York hotel November 6, 2012 INTERCONTINENTAL Hotels group said it is seeking new bids for its $300m (£187m) Barclay Hotel in Manhattan after exclusive talks with a prospective buyer, believed to be Qatari hotel owner Ghanim Bin Saad Al Saad, came to a halt. “We are still talking to the original interested party but we have decided not to do [...]
US corporate results round-up November 1, 2012 Avon slashes payout after earnings drop AVON slashed its dividend by nearly 74 per cent yesterday, while also announcing measures to cut costs by at least $400m within three years in moves designed to shore up its finances while its new chief executive officer works on a turnaround. The company also reported a steep plunge [...]