Tullett blames defecting brokers for revenue drop March 8, 2011 Inter-dealer broker Tullett Prebon blamed broker defections in North America following a “raid” by US rival BGC Partners for lower 2010 results. Tullett posted 2010 profit before tax of £139.7m, down 11 per cent from a year earlier and below a Thomson Reuters poll consensus of 12 analysts of £142m. Revenue was down 4.1 per [...]
THE DAY THE MUSIC DIED March 28, 2011 A DRAMATIC collapse of CD sales and online piracy dragged global recorded music sales down by $1.5bn (£940m) last year – more than the total annual revenue of the UK music industry. Income from recorded music slumped 8.4 per cent to $15.9bn. CD sales dragged the total down with a drop of 14 per cent [...]
Russians freeze BP’s $16bn deal February 1, 2011 OIL giant BP has been forced to halt work on its historic venture with Rosneft, after its billionaire Russian partners won an injunction. Four Russian oligarchs, using the name AAR, convinced the High Court to stall BP and Rosneft’s plan to swap $16bn (£10bn) worth of shares and drill in the Arctic until 25 February. [...]
Sir Stelios to meet easyJet in High Court June 13, 2010 EASYJET founder Sir Stelios Haji-Ioannou will come face to face with the budget airline today in front of a High Court judge over an ongoing branding dispute. Haji-Ioannou, who is expected to give evidence either tomorrow or Wednesday, is taking on the airline he set up more than 15 years ago over a branding licence [...]
Elementis to get back £21m as EU revokes fines July 4, 2011 Chemicals maker Elementis said the European Commission dismissed fines levied on the company related to price fixing, and it would get back the full amount of 23.4 million euros (£21m) plus interest. Shares of the company rose more than three per cent in morning trade. Elementis said the commission revoked its decision after the company [...]
Elementis to get back £21m as EU revokes fines July 4, 2011 Chemicals maker Elementis said the European Commission dismissed fines levied on the company related to price fixing, and it would get back the full amount of 23.4 million euros (£21m) plus interest. Shares of the company rose more than three per cent in morning trade. Elementis said the commission revoked its decision after the company [...]
theatre HIGHLIGHTS THIS AUTUMN eight of the best September 1, 2011 THE TEMPEST Theatre Royal, Haymarket Ralph Fiennes, soon to be starring in his own film version of Shakespeare’s play Coriolanus, takes on the iconic role of Prospero in this must-see production (see right). It’s the first major London staging of the Bard’s mysterious final play in years, and also happens to offer the prospect of [...]
Murdoch’s Sky role in the balance July 18, 2011 James Murdoch’s role as chairman of BSkyB could hinge on his performance at the crunch media select committee hearing this afternoon. The heir apparent to the Murdoch empire has come under increasing pressure to relinquish the Sky chairmanship following News Corp’s handling of the phone hacking scandal. Sources close to the Sky board have told [...]
Murdoch’s Sky role in the balance July 18, 2011 James Murdoch’s role as chairman of BSkyB could hinge on his performance at the crunch media select committee hearing this afternoon. The heir apparent to the Murdoch empire has come under increasing pressure to relinquish the Sky chairmanship following News Corp’s handling of the phone hacking scandal. Sources close to the Sky board have told [...]
TOP LAWYERS CALL FOR QUOTAS TO BOOST WOMEN IN THE BOARDROOM March 13, 2011 SOME of the UK’s most high-powered female lawyers convened at the Southbank Centre on Saturday afternoon to debate the “chronic inequality” at City law firms. The panel, chaired by Denise Jagger from legal practice Eversheds, which organised the event, contained some of the most high-powered women in the industry (pictured right), including Lucy Scott-Moncrieff, deputy [...]