Vodafone to step up cost cutting plans November 10, 2009 Telecoms giant Vodafone yesterday posted a 73 per cent jump in first-half pre-tax profit and doubled its cost-cutting target to £2bn. The world’s largest mobile operator, which saw revenues increase on sales of data services, had already said it would reach its £1bn cost cutting target by March 2010, a year ahead of schedule. But [...]
FOOD & BOOZE NEWS November 2, 2009 WINTER COCKTAILS AT PEARLCosy up with Pearl Bar’s four new wintry cocktails – two hot, two cold. Winter Snug is a blend of Tia Maria, Meukow liqueur, double cream, jivara chocolate and hot milk, while the wine is jazzed up with zinfandel, berry, ginger and lemongrass cordial, cinnamon syrup, amaretto, chestnut liqueur and cloves. If [...]
FOOD & BOOZE NEWS November 2, 2009 WINTER COCKTAILS AT PEARLCosy up with Pearl Bar’s four new wintry cocktails – two hot, two cold. Winter Snug is a blend of Tia Maria, Meukow liqueur, double cream, jivara chocolate and hot milk, while the wine is jazzed up with zinfandel, berry, ginger and lemongrass cordial, cinnamon syrup, amaretto, chestnut liqueur and cloves. If [...]
Postal union in legal fight over temps November 2, 2009 THE Communication Workers Union (CWU) will on?Friday ask the High Court to issue an injunction against Royal Mail to stop it from taking on 30,000 agency workers. The CWU believes that Royal Mail is breaking the law because it is illegal to take on staff to cover workers involved in a lawful industrial dispute, according [...]
Men: soothe and protect your skin too November 9, 2009 ONCE the summer sun disappears, it’s easy for men to forget to take care of their skin. However, the winter can be just as problematic to a gent’s appearance as the sunnier months – the cold will dry out your skin and cause chapped lips, and overheating at home can make things even worse. And [...]
Strike threat still on at BA as court date pushed to next year November 5, 2009 BRITISH AIRWAYS’ (BA) staff will still be balloted on strike action over the Christmas period, despite the union’s legal challenge to new contracts being delayed. The Unite union had requested a High Court injunction to block new working patterns, which BA is enforcing as it seeks desperately to cut costs at the airline, but the [...]
Royal Mail faces massive strike October 7, 2009 BRITAIN’S postal network is about to grind to a halt, with Royal Mail workers today expected to have voted in favour of the first national strike in two years. With the strike destined to bring chaos to Christmas deliveries, online retail giant Amazon has cancelled a contract with the firm worth some £25m. Amazon, Royal [...]
JPMorgan eats up 1bn Caz leftovers November 18, 2009 US INVESTMENT bank JPMorgan Chase & Co is expected to seal its £1bn buyout of the remainder of Cazenove today. JPMorgan will pay around 500p per share for the last 50 per cent of the 190-year-old British brokerage, valuing the total business at £2bn. The deal will land a multi-million pound windfall for many Cazenove [...]
CITY SPORT AWARDS TO GET LEASE OF NEW LIFE November 23, 2009 SPORT fanatics in the City could be forgiven for wondering when their favourite event of the year is due to come around, now that the party season has entered full swing. But I hear the ICAP Square Mile Sport Awards – which last year saw sporting stars such as cricketer Darren Gough, swimmer Mark Foster, [...]
BA PENSIONS CHIEF IS URGED TO RESIGN November 16, 2009 THE row over British Airways’ retirement scheme intensified yesterday as an independent group of pensioners called for the urgent removal of Roger Maynard as chairman of the trustees. Anger is building over the perceived conflict of interests in Maynard’s chairmanship of both BA’s pension funds – whose huge deficits are potential stumbling blocks in its [...]