Fastjet rejigs shares to prevent a drop below nominal 1p value August 5, 2013 AFRICAN airline Fastjet is planning to consolidate its shares in order to keep on the right side of UK company law and try to stabilise its share price. Fastjet’s shares, which had fallen from 4p at the start of the year to 1.16p yesterday, will be subject to a one-for-ten consolidation and then split into [...]
The Brit who managed to tough it out in unfamiliar territory December 9, 2013 Annabel Palmer talks strength, endurance and electric wires with Will Dean, co-founder of Tough Mudder and Englishman in New York THE growing obsession with wellbeing has now reached a point where 12-mile obstacle courses, designed by British Special Forces and incorporating icy cold water and electric wires, are among the most popular fitness events in [...]
Shell hires John Abbott as new director of onshore operations September 12, 2013 FTSE 100-listed oil giant Royal Dutch Shell yesterday named John Abbott as its new downstream director and said that he would join the executive committee. Abbott joined Shell straight from university in 1981 and is currently executive vice president of manufacturing. He takes on his new role on 1 October, replacing Ben van Beurden, who [...]
Co-op gets tough with an ultimatum to investors August 29, 2013 SMALL investors in the Co-op bank must agree to take losses on their bonds or risk the bank being closed or sold, executives said yesterday as they revealed group pre-tax losses of £559m for the first half of the year. Much of those losses came from the bank – the trading group business made a [...]
Letters to the editor – 21/08 – Sport competition, Best of Twitter August 20, 2013 Sport competition [Re: BT Sport has a mountain to climb in its bid to beat BSkyB, yesterday] David Hellier raises some interesting points about how consumers are buying converged TV, broadband and telephony packages. However, he misses two main points: BT is not looking to topple Sky Sports, and Sky TV customers can get BT Sport [...]
What the other papers say this morning – 17 September 2013 September 16, 2013 FINANCIAL TIMES Record Saudi oil output in supply gap The trigger for the jump in Gulf production has been huge disruption to supplies from Libya, where striking workers and militias have reduced exports from about 1m b/d to merely a trickle. Saudi Arabia has responded by pushing output to 10.2m barrels a day in August, [...]
Where to Drink: King’s Cross: London’s new cocktail capital August 15, 2013 WHETHER it’s down to the two hour shuttle to Paris or the imminent Google HQ arrival, the costly regeneration of King’s Cross means it is quickly becoming a terminus for more than just passengers, especially with its glut of new cocktail joints. Following on from Booking Station, Gilbert Scott Bar, VOC and Shrimpy’s, it boasts [...]
There is no sporting comeback to rival Nadal’s, says Becker November 3, 2013 THE ASTONISHING rise from the verge of retirement to world No1 by Rafael Nadal following seven months out with a knee injury represents the greatest sporting comeback ever, according to six-time grand slam champion Boris Becker. Nadal, who begins his ATP World Tour Finals campaign this week, was sidelined by tendinitis following last year’s Wimbledon [...]
Sir Terry Leahy to chair bargain store December 3, 2012 SIR TERRY LEAHY is making a comeback to the retail sector as chairman of B&M Bargains after US private equity firm Clayton, Dubilier and Rice yesterday revealed it has bought a stake in the chain for around £965m. The former Tesco boss is an adviser to CD&R, which has fought off rivals such as Advent, [...]
Bizarre bequest results in funding boost for coalition August 16, 2013 Eyebrows were raised this morning when it was revealed that the top individual donor to political parties in the second quarter of the year was one “Ms Joan L B Edwards” who gave the Conservatives £420,576 and the Lib Dems £99,423. Ms Edwards has not shown any particular interest in politics in the past so [...]