WHAT THE OTHER PAPERS SAY THIS MORNING July 12, 2009 THE SUNDAYSThe Sunday TelegraphFOCUS DIY CHAIN FACES TOUGH CREDIT REVIEWA review of Focus DIY’s financial position will be delivered by Ernst & Young (E&Y) to the group’s lenders this Friday to help them to decide whether to continue backing the DIY retailer. Although the lenders, GMAC and HBOS, have agreed in principle to renew a [...]
BAE VOWS TO FIGHT CRIMINAL CHARGES October 1, 2009 BAE SYSTEMS is facing corruption charges after the Serious Fraud Office (SFO) asked attorney general Baroness Scotland to prosecute the defence giant. BAE has been locked in talks with the SFO over bribery allegations, but has failed to agree on what charges it will admit to, or how much it will pay in fines. The [...]
BAE VOWS TO FIGHT CRIMINAL CHARGES October 1, 2009 BAE SYSTEMS is facing corruption charges after the Serious Fraud Office (SFO) asked attorney general Baroness Scotland to prosecute the defence giant. BAE has been locked in talks with the SFO over bribery allegations, but has failed to agree on what charges it will admit to, or how much it will pay in fines. The [...]
Doubt over Button future deepens as Mercedes take charge of Brawn November 16, 2009 MERCEDES chiefs insist their takeover of Brawn GP will not mean world champion Jenson Button is forced out to make way for an all-German driving line-up. The German manufacturer yesterday bought a 75 per cent stake in Brawn, in a move that will see the 2009 constructors’ champions rebranded as Mercedes GP. Mercedes have meanwhile [...]
Bear Stearns pair face criminal case October 11, 2009 THE first of an expected slew of high-profile court cases arising from the credit crunch begins tomorrow, with two former Bear Stearns employees accused of misleading investors over the health of sub-prime mortgage securities. The case will hinge on whether one of the bank’s former hedge fund managers, Matthew Tannin, knew that the sub-prime arena [...]
Eco case raises philosophical questions November 10, 2009 ALL those people who designated their religion as “Jedi Knight” in the last census may have delighted at the case of the so-called “eco-employee” last week. The employee in question is Tim Nicholson, who formerly worked for residential landlord Grainger. Nicholson claims that he was made redundant because of his environmental beliefs, and has been [...]
Bishop to exit BMI on a high June 22, 2009 GERMAN flag carrier Lufthansa yesterday made headway on wrapping up its acquisitions of BMI British Midland and Brussels Airlines after it addressed competition concerns voiced by the European Commission. Lufthansa also said yesterday it had struck a deal with Sir Michael Bishop to acquire his stake of 50 per cent plus one share in BMI [...]
Rock appeal gathers pace June 10, 2009 INVESTORS in nationalised lender Northern Rock yesterday launched a legal bid to overturn a High Court decision which they claim will leave them with “derisory” compensation. Institutional investors RAB Capital, SRM Global and a collective of private shareholders numbering more than 200,000, who are backed by the UK Shareholders Association, say the government’s compensation scheme [...]
Crossrail’s chairman says the 16bn project is set to push ahead in 2010 November 17, 2009 The last time I saw Terry Morgan was a year ago at 2am, underneath Leicester Square. Then he was the Tube Lines chief executive and was standing on the underground tracks between Leicester Square and Covent Garden stations, telling a couple of engineers exactly what he thought of their work. This meeting could not be [...]
D-Day for F1 contenders Todt and Ari October 22, 2009 FORMER Ferrari team boss Jean Todt and ex-rallying champion Ari Vatanen go head-to-head today in the battle to succeed Max Mosley as the president of world motorsport. The two men are locking horns in the quest for votes in what has become an increasingly bitter election. Indeed, just hours before the votes are counted, Todt [...]