Germany’s Tui rules out buying up British entity February 22, 2010 Germany’s TUI yesterday denied a weekend report that claimed it was planning to bid for the minority stake in TUI Travel it does not already own, with a view to delisting the UK business. “There are neither plans nor decisions as to how we want to develop our core tourism business in the future,” a [...]
The grocer who says this year will test retailers as well as shoppers May 31, 2010 Much like the rest of the country, the chief executive of the country’s third largest supermarket group is trying to make up his mind about the coalition government. At the start of the election campaign Sainsbury’s boss Justin King was one of many who backed Tory plans to scrap national insurance hikes for employers, a [...]
Riesch ends Vonn dominance February 18, 2010 MARIA Riesch snatched women’s super-combined Olympic gold from the grasp of Lindsey Vonn – who promptly insisted she couldn’t be happier. Vonn and Riesch are a rare breed in international sport, close rivals who are even closer friends. Riesch was the first to congratulate Vonn following her sensational downhill victory and one day later the [...]
Investment recovery drives annual profits leap at Beazley February 9, 2010 Lloyd’s of London insurer Beazley yesterday reported a 15 per cent jump in its annual profit as rebounding financial markets fuelled a recovery in its investment returns. Dublin-based Beazley said it had a pre-tax profit for 2009 of £100.7m, up from £87.2m the previous year. The improvement partly reflected a strong recovery in the performance [...]
These are the judges who will name the stars of 2010 March 14, 2010 CITY A.M. is looking forward to another scoop later this year: our first-ever awards ceremony where we will be celebrating London’s financial and business community and its most succesful individuals and firms. Our newspaper is delighted to be hosting and organising the awards in partnership with Interactive Investor; we are proud that our awards will be [...]
Vonn revels in golden dream February 17, 2010 ON a treacherous piste named Franz’s Run, American Lindsey Vonn summoned the daredevil spirit of the legendary Klammer to secure the Olympic women’s downhill title. Just a week ago Vonn, the dominant force in World Cup racing, announced in front of a packed media conference that a shin injury could have ended her Games before [...]
City workers slam class war Budget March 24, 2010 THE City was left unconvinced by yesterday’s Budget, slamming Darling for failing to provide a clear outline on how the government was planning to reduce its huge deficit. Banks were being sent a contradictory message, critics said, pointing out that Darling has asked nationalised banks such as Lloyds and the Royal Bank of Scotland to [...]
Rosen unfazed by luge death February 15, 2010 BRITISH luge slider Adam Rosen insists he has no intention of quitting the sport following the tragic death of Georgia’s Nodar Kumaritashvili. Rosen nearly missed the Olympics after crashing during a training run at the controversial Whistler Sliding Centre track five months ago. But he recovered from his injuries, which included a dislocated hip, in [...]
Tui optimistic for summer as bookings rise February 15, 2010 TUI, owner of Europe’s largest travel company TUI Travel, was yesterday optimistic for 2009/10 as recent bookings showed holiday-makers do not want to miss out on summer breaks. “Bookings in the key source markets have improved notably in the past few weeks,” TUI said after impressing investors with a better-than-expected net loss for its fiscal [...]
Prudential seals £23bn deal for AIG’s Asian arm March 1, 2010 INSURANCE giant Prudential (PRU) has snapped up the Asian operations of US insurer AIG for £23bn in a move which will transform the company. The UK’s largest insurer has agreed to pay $25bn in cash and $10.5bn in equity. Prudential in turn will seek to tap shareholders for around $20bn and issue $5 bn of [...]