Ryanair bullish on Aer Lingus September 4, 2012 RYANAIR chief executive Michael O’Leary believes he can make a deal with competition authorities to clear the way for his takeover of rival airline Aer Lingus. O’Leary told reporters yesterday: “We are confident that the remedies package will be enough to satisfy competition issues. “There are 46 cross over routes and we will remedy all [...]
Firms forced to state number of female workers October 18, 2012 COMPANIES will be required to publish the number of women and men they employ in an attempt to weed out sexism and ensure women are not excluded for top jobs, the government announced yesterday. The rule change – due to be introduced in October 2013 – is part of a wide-ranging set of reforms to [...]
Phoenix IT hit by accounting irregularities September 3, 2012 CLOUD computing firm Phoenix IT Group’s shares plunged 35 per cent yesterday after a probe into one of its subsidiary firms revealed £14m of “accounting irregularities”. The Northampton based company, listed on the FTSE 250, said a manager from the finance division of its Servo Ltd subsidiary in Leeds had been suspended on the back [...]
Trend-bucking sales increase at SuperGroup September 11, 2012 RETAILER SuperGroup yesterday posted a 10 per cent rise in sales, bucking the downward trend on the UK high street. Sales across the group, which owns the Superdry fashion brand, were up to £59.7m in the quarter to 29 July, despite an unseasonably wet summer. Total UK sales over the first quarter were £40.2m, a [...]
Trend-bucking sales increase at SuperGroup September 11, 2012 RETAILER SuperGroup yesterday posted a 10 per cent rise in sales, bucking the downward trend on the UK high street. Sales across the group, which owns the Superdry fashion brand, were up to £59.7m in the quarter to 29 July, despite an unseasonably wet summer. Total UK sales over the first quarter were £40.2m, a [...]
We need a national plan of action to rebuild trust in British business September 16, 2012 IT IS hard to pick up a newspaper or listen to the news without hearing another in-depth analysis of the reasons behind this downturn, and dire predictions about UK growth prospects. With the benefit of hindsight, I think we all underestimated its depth and length and were too optimistic about the global economy bouncing back. [...]
PM is shunted off track by Branson win October 3, 2012 THE COALITION’S rail policies have been left in disarray by the collapse of the West Coast handover, after “terrible mistakes” in the bidding process were uncovered. Department for Transport officials met with erstwhile winning bidder FirstGroup and current operator Virgin Trains yesterday to make peace and ensure the intercity rail route continues to run after [...]
Asian growth drives revenue rise at Deloitte September 19, 2012 BIG Four accounting firm Deloitte said it generated record global revenues of $31.3bn (£19.3bn) last year, as it enjoyed its fastest growth since 2008. The firm said turnover grew 8.6 per cent in dollar terms in the 12 months to 31 May, compared to 8.4 per cent growth a year ago. Deloitte credited this to [...]
Moshi Monsters proves popularity with adults September 6, 2012 IT seems it is not just kids who look on in wonder when they see a Moshi Monster or a JCB digger – judges of this year’s Private Business Awards are clearly pretty impressed too. The awards, which celebrate UK’s private businesses, last night named construction and agricultural equipment maker JCB as the country’s top [...]
Bubbly, Boris and banter all sparkle at our 2012 awards October 17, 2012 To the Grange Hotel in the heart of St Paul’s last night for City A.M.’s third annual awards ceremony. After a day of glorious autumnal sunshine, 500 of the City’s best and brightest worked the red carpet and were greeted in the atrium of The Grange with glasses of bubbly at the champagne reception, sponsored [...]