These days, the beautiful game is as much about the bottom line as goals March 17, 2010 I T used to be the case that the biggest day in a football fan’s life was a trip to see their side at Wembley in a cup final. For many football fans, though, it’s no longer the dream destination of Wembley that keeps them up at night. Instead, it’s the prospect of a High [...]
AB Foods sees a sales surge July 8, 2010 PRIMARK owner Associated British Foods gave an upbeat update yesterday saying its third quarter sales jumped 13 per cent and that it expected very strong growth in annual earnings, driven by its fashion discount retailer. Its 198-strong Primark chain reported sales in its spring quarter rose 15 per cent, outperforming many of its rivals and [...]
WHAT THE OTHER PAPERS SAY THIS MORNING August 17, 2010 FINANCIAL TIMES CRIMINAL GANGS TARGET INSIDER DEALING Organised criminals in the UK are becoming increasingly involved in financial frauds including insider share dealing that they see as lucrative and low risk, investigators have warned. A long-term trend of prosecutions in the US has shown the same shift by crime gangs to more sophisticated frauds. FUNDING [...]
Criminal case for ex-SocGen boss dropped July 20, 2010 Jean-Pierre Mustier, Societe Generale’s former head of investment banking, has escaped criminal charges a month after market regulator AMF fined him €100,000 euros (£84,600) for insider trading. The public prosecutor has dropped its probe into alleged insider trading after a preliminary police inquiry, a spokesman for the prosecutor said yesterday. “The probe has been closed, [...]
WHAT THE OTHER PAPERS SAY THIS MORNING March 31, 2010 FINANCIAL TIMES BARRISTER’S EX-WIFE WINS PAYOUT AFTER 25 YEARS A leading barrister has been ordered to pay his former wife a lump sum of £215,000 – 25 years after they divorced. David Vaughan QC, an expert in European law, had been been paying his former wife Philippa an annual sum of £27,175. But in November [...]
WHAT THE OTHER PAPERS SAY THIS MORNING March 21, 2010 THE SUNDAYS The Sunday Telegraph ITV’S NEW CHAIRMAN: UK FACES ‘NATIONAL CRISIS’ Archie Norman, the chairman of ITV, has said that the UK is facing an economic “national crisis” worse than that faced by Margaret Thatcher at the end of the 1970s. In his first interview since becoming chairman of the broadcaster, Norman also revealed [...]
BA turns to old staff to cover strike February 10, 2010 British Airways yesterday asked staff whose temporary contracts expired last year to cover expected upcoming strike action. Former staff have been offered six month contracts worth £1,000 a month with an additional £2.40 an hour flying allowance. The staff would have to undergo a week long refresher course that would begin on 22 February. BA’s [...]
E-clear in administration as legal fight continues January 19, 2010 A HIGH Court judge yesterday granted an administration order against E-Clear, the company which dealt with the online ticket sales of collapsed travel firm Globespan. Mr Justice Vos, who made the ruling at a hearing in London, heard that E-Clear consented to the move. The action against the company was brought by business adviser PricewaterhouseCoopers [...]
Portsmouth set for administration as clock ticks down on takeover talks February 23, 2010 CASH-STRAPPED Portsmouth will enter into administration on Friday in a bid to safeguard the club’s future, according to owner Balram Chainrai. Hong Kong businessman Chainrai is in talks with four potential buyers about a takeover of the south-coast club, but accepts it is unlikely that a deal will be struck before they are due to [...]
Halliwells to face administration June 27, 2010 HALLIWELLS, the first legal outfit to fall victim to the recession and face administration, was close to securing a deal last night with a rival firm in a bid to transfer some of its business. Late last week, the Manchester based firm filed for court permission to appoint an administrator after taking a severe hit [...]