THE WEEK AHEAD November 20, 2011 COMPANY NEWS ● Mitie Group announces its half-year results today. The facilities management company offers a range of building and support services, from industrial painting and engineering, to catering and cleaning. ● Mitchells & Butlers announces its final results and De La Rue announces its interim results tomorrow. M&B runs about 2,000 pubs and restaurants [...]
THE WEEK AHEAD November 20, 2011 COMPANY NEWS ● Mitie Group announces its half-year results today. The facilities management company offers a range of building and support services, from industrial painting and engineering, to catering and cleaning. ● Mitchells & Butlers announces its final results and De La Rue announces its interim results tomorrow. M&B runs about 2,000 pubs and restaurants [...]
Goldman hit by third quarter loss October 18, 2011 Goldman Sachs has posted a $428m net loss in the third quarter, only its second-ever quarterly loss as a public company, hurt by sharp declines in the value of investment securities and customer trading assets. The biggest investment bank in the US saw revenues slump 60 per cent to $3.6bn, from $8.9bn in the third [...]
Goldman hit by third quarter loss October 18, 2011 Goldman Sachs has posted a $428m net loss in the third quarter, only its second-ever quarterly loss as a public company, hurt by sharp declines in the value of investment securities and customer trading assets. The biggest investment bank in the US saw revenues slump 60 per cent to $3.6bn, from $8.9bn in the third [...]
Restructuring cuts losses for Centaur September 16, 2011 CENTAUR, the B2B publishing and exhibitions business, yesterday posted improved full-year results thanks to cost-cutting but still booked a loss on writedowns and redundancy payoffs. Revenue rose 14 per cent to £68.3m for the year to the 30 June, and adjusted EBITDA increased 50 per cent to £9.9m. But the company posted a pre-tax loss [...]
Q&A: CONCERT PARTIES EXPLAINED September 18, 2011 Q. WHAT IS A CONCERT PARTY? A. A concert party is a group of people acting together to take over a target company. For example, when two major shareholders, perhaps owning about 15 per cent of the business each, attempt to replace a management team they believe is incompetent. The 30 per cent threshold at [...]
The man gunning for Sky in the battle to be king of the movies January 9, 2012 IT’S a brave man who takes on BSkyB. The UK’s undisputed champion of subscription TV continues to go from strength to strength, seemingly impervious to the problems facing its biggest shareholder. But there is a new kid in town who wants to muscle in on the action. Netflix launched its video streaming service in the [...]
Darroch invests salary in Sky August 31, 2011 BSkyB’s chief executive could be set for a bumper payday after piling the equivalent of a full year’s wage into a lucrative share plan. Jeremy Darroch has agreed to buy £384,670 worth of shares at £6.41 a share, accounting for almost his entire after-tax salary of £426,240. Sky will match his investment with £1.3m worth [...]
WHAT THE OTHER PAPERS SAY THIS MORNING November 21, 2011 FINANCIAL TIMES REVIEW LOOKS TO TACKLE THE COST OF WORKPLACE ILLNESS Action to curb the financial and social costs of long term illness and make it easier for employers to get staff back to work was recommended yesterday, in a government-commissioned review of sickness absence which also urged ministers to review the generosity of public-sector [...]
WHAT THE OTHER PAPERS SAY THIS MORNING November 21, 2011 FINANCIAL TIMES REVIEW LOOKS TO TACKLE THE COST OF WORKPLACE ILLNESS Action to curb the financial and social costs of long term illness and make it easier for employers to get staff back to work was recommended yesterday, in a government-commissioned review of sickness absence which also urged ministers to review the generosity of public-sector [...]