Henry: Self-made millionaire who brought Red Sox glory October 6, 2010 PROSPECTIVE Liverpool owner John W Henry knows what it takes to revive the dwindling fortunes of a world famous sporting name, having done as much with Boston Red Sox. Henry, 61, and his holding company New England Sports Ventures took control of the baseball franchise in 2002 and by 2004 had ended their 84-year wait [...]
Pandora lists in strong $2bn market debut October 5, 2010 Pandora, the Danish jeweller, made a strong debut in one of Europe’s largest bourse listings this year, worth up to $2.1bn (£1.3bn), as investors bought into prospects for its main product – charm bracelets. Analysts said Pandora’s high growth and strong margins made its initial public offering (IPO) attractive to investors hungry for new stock [...]
ITV offloads 50pc stake in Screenvision September 28, 2010 ITV has offloaded its 50 per cent stake in cinema advertiser Screenvision to US private equity fund Shamrock Capital for $80m (£50m). ITV chief executive Adam Crozier called the deal an “important step” for the firm as it works to consolidate its broadcasting empire. He said the deal fits into ITV’s “transformation plan to focus [...]
CITY MOVES | WHO’S SWITCHING JOBS August 30, 2010 Wiggle Andy Bond, the chairman and former chief executive of Asda, has joined the board of the online sports and cycling retailer as a non-executive director. Bond, who is a keen cyclist, joined Asda in 1994 as a marketing manager. He held various positions including chief operating officer and marketing director before winning the top [...]
Sainsbury’s supermarket to shuffle top jobs June 21, 2010 J SAINSBURY became the latest supermarket to shuffle its management team yesterday, in an attempt to cement its plans for long-term growth. The UK’s third-biggest grocer has promoted chief financial officer Darren Shapland to the post of group development director, overseeing business development and group strategy. Mike Coupe, currently trading director, will become the group’s [...]
The top team must drive a hard bargain with News Corporation June 15, 2010 THE eight independent directors charged with looking after interests of BSkyB shareholders are an experienced stellar bunch. But the group will come under scrutiny because they may be perceived as being too close to News Corporation head Rupert Murdoch who was chairman of Sky until 2007, and was replaced by his son James. The gang [...]
The top team must drive a hard bargain with News Corporation June 15, 2010 THE eight independent directors charged with looking after interests of BSkyB shareholders are an experienced stellar bunch. But the group will come under scrutiny because they may be perceived as being too close to News Corporation head Rupert Murdoch who was chairman of Sky until 2007, and was replaced by his son James. The gang [...]
WHAT THE OTHER PAPERS SAY THIS MORNING May 20, 2010 FINANCIAL TIMES BOOK PUBLISHERS FEAR THREAT OF DIGITAL PIRACY Publishers have warned that the fight against illegal copying of digital books could impose a huge cost on the industry, raising fears of a new wave of online piracy. Gail Rebuck, chairman and chief executive of The Random House Group, part of Bertelsmann, said illegal copying [...]
WHAT THE OTHER PAPERS SAY THIS MORNING May 20, 2010 FINANCIAL TIMES BOOK PUBLISHERS FEAR THREAT OF DIGITAL PIRACY Publishers have warned that the fight against illegal copying of digital books could impose a huge cost on the industry, raising fears of a new wave of online piracy. Gail Rebuck, chairman and chief executive of The Random House Group, part of Bertelsmann, said illegal copying [...]
Wal-Mart price cuts pay off May 18, 2010 WAL-MART’S quarterly results yesterday beat Wall Street expectations as a curb on costs helped the world’s largest retailer overcome weaker US same-store sales. The costs cuts on everything from labour to transportation helped the company fund “rollbacks” on prices for thousands of items in recent weeks, as it tries to hold onto customers pressured by [...]