Reflections on the Philip Green saga August 16, 2010 MY first contact with Sir Philip Green came around two decades ago when he was running a small public company called Amber Day. I had written a two paragraph story for the Independent newspaper which provoked the retailing tycoon to scream down the phone at me the following day. “I cut out your article out [...]
Waitrose to acquire five stores in Channel Islands June 23, 2010 WAITROSE is buying five supermarkets in the Channel Islands. Local chain Sandpiper CI has sold the stores to the UK supermarket giant. The deal is subject to the approval of the Jersey Competition Regulatory Authority. It is not expected to complete before the end of October. It will include the three Checkers supermarkets in Jersey [...]
Oil flows into Gulf freely as BP shifts cap July 11, 2010 UPDATES to BP’S containment plan caused oil to spill freely into the Gulf of Mexico over the weekend as the company was dealt another financial blow by well partner Anadarko. BP, which started to replace the containment cap on the blown out preventer yesterday, said that updates could take up to six days to complete, [...]
BP is given a day to meet US demands July 8, 2010 THE OBAMA administration ratcheted up the pressure on BP yesterday after Admiral Thad Allen sent a letter to the embattled oil giant demanding that he be notified of every move it makes in responding to the Gulf of Mexico spill disaster. Allen, who is leading the Gulf operations for the US government, told BP that [...]
BP is given a day to meet US demands July 8, 2010 THE OBAMA administration ratcheted up the pressure on BP yesterday after Admiral Thad Allen sent a letter to the embattled oil giant demanding that he be notified of every move it makes in responding to the Gulf of Mexico spill disaster. Allen, who is leading the Gulf operations for the US government, told BP that [...]
Clarke gets Ryder Cup nod July 20, 2010 DARREN CLARKE, the tearful hero of Europe’s 2006 Ryder Cup triumph, has vowed to help win back the trophy from the United States after being named one of Colin Montgomerie’s vice-captains. Ulsterman Clarke was the surprise choice when skipper Montgomerie yesterday named his backroom team, which also includes Paul McGinley and Thomas Bjorn, for the [...]
WHAT THE OTHER PAPERS SAY THIS MORNING August 25, 2010 FINANCIAL TIMES US CHAINS BEEF UP MEALS TO LIFT PROFITS Fast-food chains in the US are rolling out more expensive premium products after two years of relentless focus on lower priced meals in the hope of recouping profit margins surrendered during the recession of 2008 and 2009. McDonald’s is selling a “smokehouse deluxe” burger in [...]
Kingsgate Native to bounce back to form and land his second Nunthorpe August 19, 2010 THE Coolmore Nunthorpe Stakes is the feature race on the final day of York’s four day Ebor meeting and all eyes will be on eight-year-old Borderlescott in his bid to win the race for the third consecutive year. However, Robin Bastiman’s local hero injured himself when winning at Glorious Goodwood last time and connections immediately [...]
BP oil cap hit by “seepage” as bill reaches $4bn July 19, 2010 ENGINEERS monitoring BP’s damaged well in the Gulf of Mexico have detected seepage on the ocean floor while the company’s bill for the spill has hi $3.95bn (£2.58bn). BP said in a statement it continued to run an integrity test on the well, on which it placed a cap last week. The statement did not [...]
Admiral works on debt deal with its banker November 16, 2009 ADMIRAL Taverns yesterday confirmed it was working on a financial restructuring which is expected to leave Lloyds Banking Group owning half the pub chain. It was revealed that Lloyds is set to agree a £600m debt-for-equity swap at the tenanted pub company group, in the latest fallout from the banking group’s ill-fated merger last year [...]