Punch says demerger on track June 8, 2011 WARM weather has helped struggling pub chain Punch Taverns post a rise in sales in the three months to 28 May. The struggling landlord unveiled a 7.3 per cent increase in like-for-like sales in its Spirit managed pub division. It said like-for-like food sales were up 8.4 per cent, while drink sales were up 7.3 [...]
WHAT THE OTHER PAPERS SAY THIS MORNING June 27, 2011 FINANCIAL TIMES MICROSOFT LAUNCHES CLOUD OFFICE Microsoft is set to place one of its biggest bets yet on cloud computing with the launch of Office 365, an online version of its most widely used business software. The software company’s belated push online with one of its core businesses comes more than four years after Google [...]
Outflows put pressure on RAB to delist May 11, 2011 TROUBLED hedge fund RAB Capital has said its days as a publicly quoted company could be numbered. The firm, once a pin-up for London’s finance boom, said it had received fresh redemption requests and that one of its key fund managers is to leave the company. Gavin Wilson, co-manager of RAB’s Energy and Octane funds, [...]
Outflows put pressure on RAB to delist May 11, 2011 TROUBLED hedge fund RAB Capital has said its days as a publicly quoted company could be numbered. The firm, once a pin-up for London’s finance boom, said it had received fresh redemption requests and that one of its key fund managers is to leave the company. Gavin Wilson, co-manager of RAB’s Energy and Octane funds, [...]
Tesco names City grandee as new chair May 11, 2011 TESCO yesterday announced that Sir Richard Broadbent will become its next chairman. Sir Richard (pictured), who is deputy chairman at Barclays, will join Tesco as a non-executive director in July. He will take over the reins from Tesco chairman David Reid, who retires in November. The City grandee was tipped to take over at insurer [...]
Tesco names City grandee as new chair May 11, 2011 TESCO yesterday announced that Sir Richard Broadbent will become its next chairman. Sir Richard (pictured), who is deputy chairman at Barclays, will join Tesco as a non-executive director in July. He will take over the reins from Tesco chairman David Reid, who retires in November. The City grandee was tipped to take over at insurer [...]
A £40m deterrent: New boss faces sale of stars May 17, 2011 WEST HAM face the prospect of losing up to £40m worth of talent over the summer as the club looks to offset the cost of relegation from the Premier League. England midfielder Scott Parker, the newly crowned Football Writers’ Player of the Year, looks certain to be one of the first high-profile names out of [...]
Nick heads to Argos before VAT bombshell January 4, 2011 PROOF that it pays to keep your eyes peeled, no matter where you are. A Capitalist source was in touch yesterday to mention a sterling spot he made while browsing Argos catalogues in his nearest store on Monday. Who should show up but Deputy Prime Minister Nick Clegg? But pray, what was the illustrious DPM [...]
Barca cast doubt on Fabregas deal with debt pledge June 9, 2011 BARCELONA have cast fresh doubt on the future of Arsenal captain Cesc Fabregas by insisting their summer transfer budget is strictly limited to £40m. In a highly unusual step, the European champions announced the size of their kitty and vowed to tighten their belts with the aim of clearing a £430m debt pile in just [...]
City honoured in the Queen’s birthday list June 12, 2011 BANK of England governor Mervyn King has topped a list of City figures recognised for their services to British business, banking and finance in the Queen’s birthday honours list. This year’s honours list is weighted heavily towards recognising the contribution of the City. This is partly due to it being seen as politically unpalatable for [...]