FTSE gains fuelled by Eurozone deal July 22, 2011 The FTSE 100 tracked other global markets upwards as the sealing of a second bailout for Greece produced a collective sigh of relief from investors, governments and financial institutions. Leaders of the Eurozone threw a lifeline to debt-stricken Greece that includes an extra €109bn of government money as well as a significant contribution from private [...]
Greene King beats Fullers to seal deal for Capital Pub Co July 19, 2011 GREENE King is to buy the Capital Pub Company, beating rival Fuller, Smith and Turner to take over the business. The Capital Pub Company, which has 34 pubs, has accepted the £70m cash offer which trumped Fullers’ £54m takeover approach last month. The chain, which specialises in revamping pubs in affluent London areas, rejected Fullers’ [...]
Greene King beats Fullers to seal deal for Capital Pub Co July 19, 2011 GREENE King is to buy the Capital Pub Company, beating rival Fuller, Smith and Turner to take over the business. The Capital Pub Company, which has 34 pubs, has accepted the £70m cash offer which trumped Fullers’ £54m takeover approach last month. The chain, which specialises in revamping pubs in affluent London areas, rejected Fullers’ [...]
Jury still out on Murdoch as Sky chair July 14, 2011 DIRECTORS at BSkyB are likely to study James Murdoch’s performance at the culture select committee carefully next Tuesday before deciding whether to make any moves to unseat him as current chairman of the satellite broadcaster. Legally speaking, James Murdoch appears fairly secure in his position as he would expect to command the support of the controlling [...]
US senators call for probe on News Corp July 13, 2011 AS NEWS Corp’s BSkyB bid lay in tatters, a potentially devastating storm gathered pace in the US yesterday. Two senators called for the Justice Department and Securities and Exchange Commission (SEC) to investigate whether News Corp broke US laws banning payments to influence a foreign official, relating to the phone hacking scandal at News International. [...]
US senators call for probe on News Corp July 13, 2011 AS NEWS Corp’s BSkyB bid lay in tatters, a potentially devastating storm gathered pace in the US yesterday. Two senators called for the Justice Department and Securities and Exchange Commission (SEC) to investigate whether News Corp broke US laws banning payments to influence a foreign official, relating to the phone hacking scandal at News International. [...]
Sky board to back Murdoch as chairman July 27, 2011 JAMES Murdoch is expected to get the backing of the BSkyB board today for his continuing as chairman of the company despite the various inquiries taking place into the phone-hacking scandal at the News of the World while he was the organisation’s most senior executive. One or two independent directors on the satellite broadcaster’s board [...]
Chelsea in bloom as Flower Show lands May 19, 2011 ALL those months of composting are coming to fruition as the RHS Chelsea Flower Show arrives. From Tuesday the area will be in full bloom with the world’s finest gardening talent on display. City A.M. rounded up six of the show’s hotly-tipped highlights. AUSTRALIA GARDEN This marks the debut for the Royal Botanic Gardens Melbourne [...]
Miners lead FTSE up as China injects confidence July 13, 2011 The FTSE 100 bounced back today despite the deepening Eurozone crisis which has seen Ireland’s credit rating downgraded to junk by ratings agency Moody’s. Miners led the fight back on the blue chip index while investors across Europe were given a boost by positive economic data from China. Its GDP rose 9.5 per cent in [...]
News Corp is not a fit or proper owner of a British broadcaster, says our panel July 24, 2011 VOICE OF THE CITY NEWS Corp is not a “fit and proper” owner of a UK television broadcaster following the phone hacking scandal, according to the City A.M./PoliticsHome Voice of the City panel. Under the Broadcasting Act 1990, media watchdog Ofcom must ensure that owners or shareholders of broadcasting companies are “fit and proper” to [...]