£18.4m share deal key to Chelsea profit January 9, 2013 CHELSEA’S eyebrow-raising first profit since their 2003 takeover by big-spending Roman Abramovich was achieved in part due to the proceeds of an £18.4m share deal, it emerged yesterday. The cancellation of non-equity preference shares that broadcaster BSkyB held in a digital media joint venture resulted in paper profits of £15m, plus £3.4m of dividends from [...]
US rises again as Google and IBM lift mood January 23, 2013 THE S&P 500 rose for a sixth day yesterday after stronger-than-expected profits from IBM and Google but the rally could be halted as Apple’s after-hours miss send its shares lower. The S&P was just 4.7 per cent from its all-time closing high as IBM’s and Google’s earnings, released after Tuesday’s close, followed on the heels [...]
What the other papers say this morning February 4, 2013 FINANCIAL TIMES Whitehall departments face big cuts Several government departments will have lost more than £3 in every £10 they once had available for spending, by the time of the next election, according to Financial Times research. SGX in talks over LCH.Clearnet stake SGX, the Singapore stock exchange, is in discussions about taking a stake [...]
Businessman who woke up and smelt the coffee February 24, 2013 Annabel Palmer talks to Andrew Rugasira, the Ugandan entrepreneur with a new book and a Good African story to tell THE lives of 14,000 farmers in the Ugandan Rwenzori Mountains have been transformed since Andrew Rugasira had his lightbulb moment in 2002. At the time, he was running a prosperous marketing and events company in [...]
Aviva-derci as pay row exec leaves insurer February 7, 2013 TREVOR Matthews, the Aviva executive whose £4m “golden hello” helped provoke a brutal pay row at the insurer, is to leave the company after just 14 months, it was revealed yesterday. His departure is part of the first board shake-up under the group’s new chief executive Mark Wilson, who has inherited a company in the [...]
New owners of Virgin Media to avoid TV war February 6, 2013 VIRGIN Media’s new owners yesterday pledged business would continue as usual, despite the telecoms firm’s chief executive announcing he would step down. After signing a $23.3bn (£14.9bn) agreement to buy the company, bosses at Liberty Global played down suggestions of massive investments in TV rights that would heighten Virgin Media’s competition with Rupert Murdoch’s BSkyB. [...]
Focus on: Kentish Town November 29, 2012 The area has become a popular choice for buyers wanting to be within close proximity of the Heath in Hampstead but whose budgets do not extend to the prices that properties in Hampstead command. There’s a lot to do in the area. Kentish Town has a buzzing nightlife and music scene thanks, in part, to [...]
Aston Martin close to capital injection November 29, 2012 British sports car maker Aston Martin said it is in “advanced” talks with potential investors over an injection of capital into the business. Indian tractor maker Mahindra and Mahindra last week topped an offer from Italian private equity fund Investindustrial that had been agreed with Aston’s owner, Kuwaiti investment house Investment Dar, sources said. “We [...]
Cineworld sees Picturehouse as just the ticket December 6, 2012 MOVIE THEATRE giant Cineworld yesterday announced a £47.3m deal to buy Picturehouse, Britain’s biggest independent cinema operator. The acquisition will further consolidate the UK’s cinema landscape, giving the country’s three biggest operators – Cineworld, Vue and Odeon – more than two-thirds of the market. Cineworld said it would continue to run Picturehouse as a separate [...]
Wall Street gets back to business as first full week of earnings starts January 13, 2013 AFTER over a month of watching Capitol Hill and Pennsylvania Avenue, Wall Street can get back to what it knows best: Wall Street. The first full week of earnings season is dominated by the financial sector – big investment banks and commercial banks – just as retail investors, free from the fiscal cliff worries, have [...]