WHAT THE OTHER PAPERS SAY THIS MORNING May 9, 2011 FINANCIAL TIMES SAMOA TO MOVE BACK TO THE FUTURE Samoa, the tiny Pacific Ocean island state, is travelling through time to improve its economic prospects. In a vote of confidence for the Asian century, the country has decided to shift the jagged International Date Line to its east at the end of this year, which [...]
For Cheapflights, profits go with sky-high growth May 8, 2011 INTERNET businesses are rarely fast growing and profitable at the same time,” David Soskin tells me. He should know: he once headed up the media sector of ABN Amro’s corporate finance wing. But as Soskin proudly points out, this has never been the case for the flight price comparison website Cheapflights – the company he [...]
For Cheapflights, profits go with sky-high growth May 8, 2011 INTERNET businesses are rarely fast growing and profitable at the same time,” David Soskin tells me. He should know: he once headed up the media sector of ABN Amro’s corporate finance wing. But as Soskin proudly points out, this has never been the case for the flight price comparison website Cheapflights – the company he [...]
IRELAND’S BANKS NEED EXTRA €24BN March 31, 2011 IRELAND yesterday confirmed that there is a €24bn (£21bn) black hole in its banks’ funding and outlined a radical overhaul of the sector that will see five main banks consolidated into two. The plan, announced after markets closed, effectively nationalises Ireland’s entire banking system and brings the cost of state support to a stunning €96bn [...]
Wolseley says it will restart its dividend March 29, 2011 Wolseley, the world’s largest plumbing and building merchant, yesterday showed it was confident of growing in patchy construction markets by reinstating its payout to shareholders. The company said although markets have broadly stabilised it faced fragile economies in several regions and pressure from competitors to cut prices. “The group expects to continue to grow in [...]
Business has won already March 8, 2011 That much of the debate over the Olympics has focused on what happens to its venues after 2012 speaks volumes for the efficiency with which the games have so far been organised. Instead of the endless speculation of whether venue X or Y will be ready on time that is normal territory in the months [...]
Manufacturing grows at record pace February 1, 2011 Manufacturing activity grew in January at its fastest pace since records began in 1992, and factory costs also surged, in a further sign that price pressures are building in the economy, a survey showed. Employment in the manufacturing sector also rose at the quickest pace since the records began. The Markit/CIPS manufacturing Purchasing Managers’ Index [...]
WHAT THE OTHER PAPERS SAY THIS MORNING March 13, 2011 FINANCIAL TIMES GREEK BANK SCUPPERS HOPES OVER DEAL Alpha Bank, Greece’s third-largest lender, has killed hopes of a merger deal with larger rival National Bank of Greece, scotching the push by regulators and the government for the country’s troubled banking sector to strengthen itself through consolidation. RETAILERS RUN OUT OF IPAD 2 WITHIN HOURS Many [...]
WHAT THE OTHER PAPERS SAY THIS MORNING March 13, 2011 FINANCIAL TIMES GREEK BANK SCUPPERS HOPES OVER DEAL Alpha Bank, Greece’s third-largest lender, has killed hopes of a merger deal with larger rival National Bank of Greece, scotching the push by regulators and the government for the country’s troubled banking sector to strengthen itself through consolidation. RETAILERS RUN OUT OF IPAD 2 WITHIN HOURS Many [...]
A real team needs a determined leader February 17, 2011 JUST as businesses have changed in the last 25 years, so have people’s attitudes to employment. It is not unusual to hear older business managers moan about the lack of loyalty staff show their employers these days. But many employers fail to realise that the changes in British business and these attitudes are actually a [...]