Keydata plot thickens as PwC discovers a 103m black hole June 30, 2009 ADMINISTRATORS of failed structured product firm Keydata have unearthed a £103m black hole in its assets, as it emerged two mysterious groups it was trading with have vanished along with customers’ money. PricewaterhouseCoopers (PwC) has involved the Serious Fraud Office as it believes the funds may have been “misappropriated”. PwC is trying to ascertain why [...]
PARAMOUNT TRANSFORMS June 30, 2009 VIACOM’s Paramount Pictures, the film studio behind the Transformers film, is looking to merge its home entertainment division with one of its rivals, and is thought to be in talks with Sony Pictures and News Corp’s Fox Studio. The talks follow a drop of up to 20 per cent in global DVD sales, forcing studios [...]
PARAMOUNT TRANSFORMS June 30, 2009 VIACOM’s Paramount Pictures, the film studio behind the Transformers film, is looking to merge its home entertainment division with one of its rivals, and is thought to be in talks with Sony Pictures and News Corp’s Fox Studio. The talks follow a drop of up to 20 per cent in global DVD sales, forcing studios [...]
House prices in Britain rise again in June June 30, 2009 HOUSE prices saw a monthly increase of 0.9 per cent in June, bringing the annual rate of decline to 9.3 per cent from 11.3 per cent in May, according to data published yesterday by Nationwide, which stoked optimism that the housing market has turned. The mortgage lender said that the three month rate of change, [...]
House prices in Britain rise again in June June 30, 2009 HOUSE prices saw a monthly increase of 0.9 per cent in June, bringing the annual rate of decline to 9.3 per cent from 11.3 per cent in May, according to data published yesterday by Nationwide, which stoked optimism that the housing market has turned. The mortgage lender said that the three month rate of change, [...]
Safestore sees profits up thanks to housing slump June 30, 2009 SAFESTORE, the self-storage group, yesterday said its profits for the six months to April were up 4.3 per cent, as customers who have outgrown their homes buy storage because they are unable to move. The group, which has traditionally won business from customers who need to store away their furniture while they move house, said [...]
Safestore sees profits up thanks to housing slump June 30, 2009 SAFESTORE, the self-storage group, yesterday said its profits for the six months to April were up 4.3 per cent, as customers who have outgrown their homes buy storage because they are unable to move. The group, which has traditionally won business from customers who need to store away their furniture while they move house, said [...]
Takeover Panel puts pressure on Xstrata bid June 30, 2009 XSTRATA was yesterday forced to put out a statement clarifying the cost savings that could be achieved through a merger with rival Anglo American, after the Takeover Panel waded into the stand-off between the two miners. The Takeover Panel asked Xstrata to clarify its estimates for cost savings following its failure to rebuff suggestions that [...]
Takeover Panel puts pressure on Xstrata bid June 30, 2009 XSTRATA was yesterday forced to put out a statement clarifying the cost savings that could be achieved through a merger with rival Anglo American, after the Takeover Panel waded into the stand-off between the two miners. The Takeover Panel asked Xstrata to clarify its estimates for cost savings following its failure to rebuff suggestions that [...]
HMV profits from demise of rival firms June 30, 2009 ENTERTAINMENT retailer HMV yesterday reported an 11 per cent rise in annual pre-tax profits after stealing market share following the demise of its rivals. The group, which also owns bookstore Waterstones, said pre-tax profits rose to £63m in the 12 months to 25 April compared to £56.6m in the same period last year. Total sales [...]