Printer needs Indians to fight French December 13, 2010 DE LA Rue is used to being a target. During the 1940s blitz, it was bombed by the Luftwaffe; Harold Wilson rode to its rescue in 1968 by blocking a takeover from Rank; now it is the French who have the firm in their sights. Of course, populist politicians will side with the company’s management, [...]
WHAT THE OTHER PAPERS SAY THIS MORNING November 29, 2010 FINANCIAL TIMES BLUNDER REVEALS CARBON TRADING DATA Europe’s biggest clearing house, LCH.Clearnet, has admitted that “confidential information” about trading in carbon emission allowances, including the names of individual traders, was mistakenly published on the internet. Climate Markets, which provides marketing services for LCH.Clearnet, said the information was placed on its website in error and has [...]
Cadbury deal helps Kraft to boost profits May 6, 2010 KRAFT Foods posted higher-than-expected quarterly sales and profit after its acquisition of chocolate maker Cadbury as sales beat expectations. But the largest North American food maker also said yesterday it expected full-year earnings of $2 a share, below analyst estimates of $2.06 a share. Reported profit was $1.89bn, or $1.16 a share, including discontinued operations [...]
Happy Christmas to all our readers December 22, 2010 AS another year draws to a close we at City A.M. have good reason to feel fortunate about the way things turned out in 2010. Firstly, it was a sensational year for news, both financial and political. In the financial sphere, there was the takeover of Cadbury by Kraft, which brought all sorts of calls [...]
Happy Christmas to all our readers December 22, 2010 AS another year draws to a close we at City A.M. have good reason to feel fortunate about the way things turned out in 2010. Firstly, it was a sensational year for news, both financial and political. In the financial sphere, there was the takeover of Cadbury by Kraft, which brought all sorts of calls [...]
CITY VIEWS: SHOULD THE GOVERNMENT STEP IN TO PROTECT BRITISH COMPANIES FROM OVERSEAS TAKEOVERS? October 21, 2010 ANINDYA ROY AVIVA “It’s not a fundamentally bad idea to allow overseas companies to buy British ones. We live in a globalised world. The inflows are good for the economy, but there is a balance to be made to protect the national interest.” CHARLES OPPENHEIM LOUGHBOROUGH UNIVERSITY “I have mixed feelings. When you think of [...]
Shining light on a murky regulatory review September 22, 2010 WHEN Vince Cable told the Liberal Democrat conference, “I am shining a harsh light into the murky world of corporate behaviour,” that was his cryptic way of announcing to the nation a comprehensive regulatory review. With potentially far-reaching impact, this rather shadowy proposal deserves more light than Cable gave it in his remarks. The detailed [...]
Shining light on a murky regulatory review September 22, 2010 WHEN Vince Cable told the Liberal Democrat conference, “I am shining a harsh light into the murky world of corporate behaviour,” that was his cryptic way of announcing to the nation a comprehensive regulatory review. With potentially far-reaching impact, this rather shadowy proposal deserves more light than Cable gave it in his remarks. The detailed [...]
Kraft in push to raise choc sales in China September 13, 2010 KRAFT Foods is aiming to double the number of Chinese cities in which it sells Cadbury chocolate within the next two years. This would mean the number of cities in China in which Cadbury products are sold will rise to about 40. The US food group would use its vast distribution network to achieve its [...]
CSC clashes with investor over mall bid December 8, 2010 A ROW between Capital Shopping Centres (CSC) and one of its biggest shareholders boiled over yesterday over the property firm’s plan to buy the Trafford Centre. Simon Property Group, which owns five per cent of CSC, has slammed the bid and says it will rethink its plans to make an offer to buy the whole [...]