Secret plans are being drawn up to kick Greece out of the Eurozone April 10, 2015 Eurozone countries are formulating plans to boot Greece out of the single currency, as expectations grow that Athens may default on its debts next month. A memo put together by the Finnish Finance Ministry, a close Berlin ally, talks of “very difficult political decisions” as the currency bloc braces itself for Greece’s cash flow to [...]
Patrick Cescau exits Tesco board in clear-out – to be replaced by Richard Cousins March 23, 2015 Patrick Cescau, the senior non-executive Tesco director who led the search for the supermarket's new chairman, is leaving the firm's board, confirming speculation of his departure. Cescau's departure comes after six years with the retailer – it was widely believed he would depart after a new chairman was named to clear the way for a [...]
Best of the Brokers for 09 March 2015 March 9, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com HENRY BOOT WH Ireland reiterated its “buy” rating on the construction business, after its “unequivocally positive” announcement that Aberdeen City Council has approved the master plan and business case for a major new exhibition and conference centre. POUNDLAND GROUP Canaccord Genuity reiterated its [...]
Car review: Mercedes-AMG puts the OMG into the GLE Coupé July 6, 2015 Shy and retiring types need not apply. The Mercedes-AMG GLE 63 S Coupé is not a car for those who put discretion and subtlety high on their list of priorities when looking for a new car. Almost everything about this SUV coupé reeks of vulgarity and excess. At first glance the SUV coupé looks [...]
Car review: Don’t judge the Audi RS3 Sportback by its flashy logo June 29, 2015 Do you chuckle when you press your car’s accelerator to the floor? Do you have an exhaust that barks so loudly it startles passersby? Does your car cover ground so quickly that it’s just a blur to pedestrians? If you wish you could answer yes to these questions, then Audi’s new £40,000 RS3 could [...]
Summer in Chamonix: Celebrating 150 years of climbing in the Alps June 15, 2015 Birthplace of the Winter Olympics and home to some of the Alps’ most challenging pistes, the Chamonix valley in France is a magnet for snow-sporting types throughout the winter months. But as warmer weather arrives and the snow disappears, so do most of the tourists, and the thousands of skiers are replaced by a [...]
Tesco’s Patrick Cescau is latest to quit in boardroom shake-up March 23, 2015 PATRICK Cescau, Tesco’s senior non-executive director who led the search for the supermarket’s new chairman, will become the latest to leave next month in an ongoing shake-up of its board and management team. Cescau, who was at one point seen as a candidate for the chairman role himself, helped recruit Barratt boss John Allan to [...]
Floyd Mayweather and Manny Pacquiao earnings compared to business, film, music and football May 1, 2015 When Floyd Mayweather and Manny Pacquiao finally touch gloves in the MGM Grand this Saturday night, as much attention will be on their bulging bank accounts as the bludgeoning blows landed by the two legendary fighters. The long-awaited and much-hyped bout is expected to smash all pay-per-view records to become the richest single sporting event [...]
Clarks shoes making great strides abroad May 19, 2014 BRITISH shoe retailer Clarks has put its best foot forward at home and abroad in the last year, with tie-ups and sales growth in most countries giving its profits a boost. For the year to the end of January, C&J Clark Limited posted £1.54bn in revenues, up 5.5 per cent on the prior year. Pre-tax [...]
James Easdale quits Rangers board before leadership vote February 25, 2015 RANGERS director James Easdale yesterday resigned his position on the Scottish football club’s board of directors with immediate effect on the back of strong opposition from fans. Bus tycoon Easdale was one of four directors facing the boot at an extraordinary general meeting on 6 March, following a power play by former Rangers director and [...]