FTSE struggles as Egypt turmoil unsettles markets January 31, 2011 The FTSE struggled to reclaim a morning of losses as political turmoil in Egypt unsettled investors. The FTSE 100 closed down 0.31 per cent or 18.43 points at 5,862.94, with travel firms suffering most from selloffs. Tour operator TUI Travel shed 2.62 per cent to close at 253p, while mid cap peer Thomas Cook lost [...]
WHAT THE OTHER PAPERS SAY THIS MORNING March 6, 2011 FINANCIAL TIMES TESCO PUSH ON MUSIC GROUPS’ CD DEALS Tesco is pushing music companies to accept minimal upfront payments for the compact discs they ship to the Uk retailer, in a renegotiation that will test how record labels’ bargaining power has diminished in line with shoppers’ interest in CDs. Instead of paying £7 or £8 [...]
What the other papers say this morning February 3, 2011 FINANCIAL TIMES MADEJSKI IN TALKS TO RESTRUCTURE GROUP DEBT Sir John Madejski, the owner of Reading Football Club, is in talks to restructure a loan that backed the expansion of his property empire after the crash in regional property values led to a breach in the covenants of the debt. The wealthy former media magnate’s [...]
Cook takes Russian trip with Intourist tourist November 25, 2010 EUROPE’S second-largest tour operator Thomas Cook is buying more than half of Russian rival Intourist to enter the growing Russian travel market. Cook will invest up to $45m (£28.5m) – $10m in cash and $35m in its shares – in the venture for the 50.1 per cent stake. It said the deal would enable it [...]
What the other papers say this morning January 26, 2011 FINANCIAL TIMES TALKTALK CUTS WORKFORCE BY 13 PER CENT Broadband provider TalkTalk is cutting its workforce by almost 13 per cent as part of efforts to improve profitability. Dido Harding, chief executive, announced yesterday that the company was cutting 580 jobs from its 4,500-strong UK workforce. The staff cuts, which are likely to be achieved [...]
What the other papers say this morning January 31, 2011 FINANCIAL TIMES WARNING AS BRIBERY LAW DELAYED British companies have been warned that they could be put on an export “blacklist” by the Organisation for Economic Co-operation and Development if the government continues to delay tough new anti-corruption laws. The warning came after Ken Clarke, the justice secretary, signalled on Monday that the implementation of [...]
What the other papers say this morning January 31, 2011 FINANCIAL TIMES WARNING AS BRIBERY LAW DELAYED British companies have been warned that they could be put on an export “blacklist” by the Organisation for Economic Co-operation and Development if the government continues to delay tough new anti-corruption laws. The warning came after Ken Clarke, the justice secretary, signalled on Monday that the implementation of [...]
WHAT THE OTHER PAPERS SAY THIS MORNING December 19, 2010 FINANCIAL TIMES APAX PLANS €11BN FUND Apax Partners aims to cement its position as Europe’s biggest private equity group next year by raising a new €11bn-plus ($14.5bn) fund – the biggest buy-out fundraising since the start of the credit crisis. Led by Martin Halusa, who replaced Sir Ronald Cohen as head of Apax six years [...]
What the other papers say this morning February 20, 2011 FINANCIAL TIMES BUSINESS JET TRAVEL REBOUNDS AS RICH SPLASH OUT FOR PRIVACY Private jet travel, shunned in the recession as a sign of ostentation, is recovering in a further sign that the world’s richest people are spending more freely again. The number of business flights – which includes celebrity, state and business hire – grew [...]
What the other papers say this morning January 17, 2011 FINANCIAL TIMES CHINA’S LENDING HITS NEW HEIGHTS China has lent more money to other developing countries over the past two years than the World Bank, a stark indication of the scale of Beijing’s economic reach and its drive to secure natural resources. China Development Bank and China Export-Import Bank signed loans of at least $110bn [...]