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 [...]
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 [...]
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 [...]
WINTER OF DISCONTENT October 8, 2009 BRITAIN is facing a “winter of discontent” with strikes looming at Royal Mail, British Airways, Irish carrier Aer Lingus, and electronics giant Fujitsu. Staff at Royal Mail yesterday voted three to one in favour of a national strike, which is set to bring misery to businesses over the Christmas period, while costing London hundreds of [...]
WINTER OF DISCONTENT October 8, 2009 BRITAIN is facing a “winter of discontent” with strikes looming at Royal Mail, British Airways, Irish carrier Aer Lingus, and electronics giant Fujitsu. Staff at Royal Mail yesterday voted three to one in favour of a national strike, which is set to bring misery to businesses over the Christmas period, while costing London hundreds of [...]
Cineworld profits on the up despite the downturn October 27, 2009 CINEWORLD revealed a solid third-quarter trading performance yesterday, despite the economic downturn and decline in screen advertising. The group posted healthy trading with total revenues up 6.5 per cent in the 43-week period to 22 October. This was largely due to the 10.9 per cent growth in box office sales and five per cent growth [...]
Clubcard lifts Tesco’s share of customers November 10, 2009 SUPERMARKET giant Tesco is growing market share for the first time in two years as it fights back at its rivals, industry figures show. Tesco’s double Clubcard points promotion – which cost the group around £5m a week – helped its share of the grocery market climb to 30.7 per cent in the 12 weeks [...]
Character & colour November 10, 2009 CHOOSING an overcoat is a serious business. Likely to be the most substantial item in your wardrobe, your outer shell in winter needs to speak of your character and integrity as much as your fashion sense. It should be sober, ineffably elegant and well-made – a first-class overcoat should give decades of use rather than [...]
O2 tops rivals and grows in third quarter November 12, 2009 Mobile operator O2 said yesterday that it was the only UK network to grow its revenues in the third quarter, as it benefited from its since-expired deal to be the exclusive seller of Apple’s iPhone. The UK arm of Spain’s Telefonica said that it saw demand for its mobile data services – customers accessing the [...]