Profits sizzle at B&Q as barbecue sales rocket June 2, 2009 WARM barbecue weather boosted sales at DIY chain B&Q in the first quarter, helping parent group Kingfisher report a 40 per cent jump in profits yesterday. The retailer said that profits in the 13 weeks to May 2 were £128m, smashing analyst expectations, which were around £34m lower. Chief executive Ian Cheshire said the group [...]
BSkyB and ESPN set to carve up Premier League Setanta rights June 21, 2009 BROADCASTERS were last night putting the final touches to bids to acquire the live media rights to the English Premier League which have been revoked from troubled firm Setanta. BskyB and Disney-owned ESPN are expected to carve up the 46 football matches between them after Setanta’s board failed to find a last-ditch solution, putting it [...]
WHAT THE OTHER PAPERS SAY THIS MORNING May 31, 2009 THE SUNDAYSTHE SUNDAY TIMES SKY SAYS NO TO SETANTASports organisations including the Scottish Premier League may be forced to stomach deeper-than-expected cuts to their TV income after shareholders in Setanta failed to stump up enough cash to keep the broadcaster alive. Setanta’s financial position was so parlous this weekend that it asked arch-rival BSkyB for [...]
WHERE TO DRINK CHAMPAGNE IN THE CITY July 22, 2009 VERTIGOTower 42, EC2NShowy and high glam, this is a devoted champagne bar with the best views in town – perched right at the top of Tower 42 (pictured right). There is a fantastic choice of bubbly, including Veuve Delaroy Brut (£46), Georges Vesselle Bouzy Grand Cru (£66), two Bollies, a Krug (£385) and several Laurent [...]
Times are tough, but lawyers aren’t giving up their wine cellars quite yet July 14, 2009 JUST after the collapse of Lehman Brothers last year, at a lavish Clifford Chance party held at Goldsmith’s Hall, a French lawyer told me glumly: “London used to be such a good place to make money.” The champagne and canapes might have been flowing at the time, but the words did capture the feeling that [...]
Times are tough, but lawyers aren’t giving up their wine cellars quite yet July 14, 2009 JUST after the collapse of Lehman Brothers last year, at a lavish Clifford Chance party held at Goldsmith’s Hall, a French lawyer told me glumly: “London used to be such a good place to make money.” The champagne and canapes might have been flowing at the time, but the words did capture the feeling that [...]
CITY MOVES WHO’S SWITCHING JOBS July 9, 2009 F&C Asset ManagementThe asset manager has appointed Jacob De Wit and Richard Wilson (pictured), respectively head of fixed income and head of equities at the firm, to its executive committee following its de-merger from Friends Provident. The news follows the appointment of Kieran Poynter, the former chairman of accountancy firm PwC, and former Henderson Group [...]
Robshaw debut against Pumas June 10, 2009 RUGBY UNION: Harlequins flanker Chris Robshaw is set to make his England debut after being named in the starting XV for Saturday’s Test against Argentina. Robshaw replaces James Haskell, who drops to the bench, while veteran Leicester prop Julian White comes in for Newcastle’s David Wilson. ENGLAND: D Armitage; M Cueto, D Hipkiss, T May, [...]
ITV is offered Setanta stake June 1, 2009 ITV HAS been offered a 30 per cent stake in Setanta, the struggling pay-TV sports channel, CityAM has learnt. The offer came amid recent talks between the two channels, with Setanta desperate to raise cash to help it fund forthcoming rights payments to the Football Association, the Premier League and other sporting bodies. ITV is [...]
Santander to ditch brands May 27, 2009 SPANISH banking titan Santander brought the curtain down on the Abbey, Alliance & Leicester (A&L) and Bradford & Bingley (B&B) brands yesterday, after a year in which it snapped up some of the UK’s best-known lenders. Santander’s name will hang above some 1,300 branches by the end of the integration process in 2010, or around [...]