What the other papers say this morning – 12 March 2014 March 11, 2014 FINANCIAL TIMES Brent crude contract underpinning Slowing output from the North Sea may require IntercontinentalExchange to add oil grades from beyond the offshore European fields to underpin its flagship Brent crude contract. The comments from David Peniket, president of the London-based ICE Futures Europe exchange, echo growing industry concern that the global crude oil benchmark [...]
Vodafone eyes UK broadband and TV markets February 6, 2014 VODAFONE is considering a move into the UK broadband and television market, its chief executive confirmed yesterday, while its UK mobile revenue declined for the seventh consecutive quarter. When asked about Pay-TV chief executive Vittorio Colao said: “We are watching the space. Today, there’s not an urgent need to be there. It could be different [...]
Tomorrow’s Opec meeting and why the pressure’s on for oil next year December 3, 2013 It'd be unlikely that the Organisation of the Petroleum Exporting Countries (Opec) doesn't freeze its output ceiling tomorrow. Speaking ahead of the cartel's meeting, Saudi oil minister Ali al-Naimi (pictured) told reporters today, "the market is in the best position it can be". But a note from investment bank Citi warns that pressure will mount [...]
Facebook chief executive to sell off share holdings worth $2.2bn December 19, 2013 FACEBOOK chief executive Mark Zuckerberg will sell 41.4m shares of the social network, worth around $2.2bn (£1.3bn), as part of a larger Facebook offering of 70m shares. Shares in Facebook, which have doubled in value this year, fell 0.9 per cent yesterday on the news to close at $55.05 per share. Zuckerberg will use the [...]
City & Gild: Does low cost have to equal low expectations? March 28, 2014 Easyjet has announced that it is cutting its expected pre-tax losses, with CEO Carolyn McCall attributing its success to “progress against strategic priorities”. One of those key priorities is allocated seating, introduced by the budget airline in November 2012 and very well-received by its customers. I have the frequent displeasure of flying Ryanair and have [...]
Rolls-Royce lands $215m contract for jet fighter LiftSystems November 25, 2013 Rolls-Royce has been awarded a $215m (£133m) contract to produce and support its LiftSystems technology for the F-35 Lightning II program. The technology gives F-35B aircraft the ability to perform short take-offs and vertical landings and is currently being used by the US Marine Corps in Yuma Arizona. Rolls-Royce LiftSystem Program director said: The innovative Rolls-Royce [...]
Pawn shop A&B counts the costs December 9, 2013 TROUBLED pawnbroker Albemarle & Bond (A&B) spent nearly £5m trying to re-boost the company this year, helping provoke a 75 per cent fall in profits, figures published yesterday show. The high street chain, which is currently seeking a buyer after hitting difficulties caused by a slide in the gold price, spent £2.4m on restructuring costs [...]
Private View: On the market in Marylebone this week January 16, 2014 DEVONSHIRE PLACE MEWS, W1 £5.5m Tucked away just off Devonshire Street, this five bedroom house is spread over four floors. It features a large entrance hall, an open plan kitchen, a garage and a roof terrace. It’s located moments away from Marylebone High Street. Regent’s Park is also nearby and transport links from Marylebone and [...]
We take the Aston Martin Vanquish to Dartmoor June 23, 2014 It’s the tail-end of dusk in Devon and silence is broken. Thundering down the twisting A382 from Exeter to Chagford, an ancient tin-mining town set on the upper reaches of southern England’s most rugged terrain, Dartmoor, the Aston Martin darts into a private road. Its V12 echoes through a dark tunnel of trees, skimming the [...]
Co-op Group in turmoil: Sutherland quits and rival factions begin the fight for control March 11, 2014 THE CO-OP was plunged deeper into chaos yesterday as chief Euan Sutherland sensationally quit after just 10 months, inflaming a divisive row over modernising the mutual that threatened to split the board. Sutherland’s exit leaves serious question marks over the business’ future, with his resignation statement pointing to deep divisions at the top of the [...]