WHAT THE OTHER PAPERS SAY THIS MORNING October 5, 2009 FINANCIAL TIMESUK COURT RELAXES CURB ON SAAD CASHA bitter legal dispute involving prominent Saudi Arabian businesses and families opened in the English courts yesterday, with Maan al Sanea failing to overturn a $9.2bn (£5.8bn) freezing order on his worldwide assets. The High Court eased the order to allow the billionaire $4m spending money a year [...]
WHAT THE OTHER PAPERS SAY THIS MORNING October 5, 2009 FINANCIAL TIMESUK COURT RELAXES CURB ON SAAD CASHA bitter legal dispute involving prominent Saudi Arabian businesses and families opened in the English courts yesterday, with Maan al Sanea failing to overturn a $9.2bn (£5.8bn) freezing order on his worldwide assets. The High Court eased the order to allow the billionaire $4m spending money a year [...]
Whitbread’s chief weighs up options for expansion plan August 3, 2009 WHITBREAD chief executive Alan Parker yesterday revealed he will be launching an extensive international and domestic expansion plan and took City analysts by surprise by hinting he might be prepared to tap shareholders for funds before Christmas. Whitbread, which owns budget hotel chain Premier Inn and Costa Coffee, has been eyeing up prospects in the [...]
Where the smart money should be heading next year December 16, 2009 AT THE start of 2009, there was a very real chance that we would enter another Great Depression and the banking system was still on its knees. But the past 12 months have been an astonishing year in the markets – stock market indices have risen sharply beyond all expectations and major countries returned to [...]
Reed share placing to be unveiled July 29, 2009 BUSINESS and scientific magazine publisher Reed Elsevier is today expected to announce plans for a huge rights issue, as it attempts to reduce its $8.3bn (£5.1bn) debt-pile. The Anglo-Dutch company’s new chief executive, Ian Smith, will unveil plans to raise up to 10 per cent of its value through a share placing, as he announces [...]
Reed share placing to be unveiled July 29, 2009 BUSINESS and scientific magazine publisher Reed Elsevier is today expected to announce plans for a huge rights issue, as it attempts to reduce its $8.3bn (£5.1bn) debt-pile. The Anglo-Dutch company’s new chief executive, Ian Smith, will unveil plans to raise up to 10 per cent of its value through a share placing, as he announces [...]
Tesco’s rivals eat into its market share August 18, 2009 TESCO, the UK’s biggest retailer, is continuing to lose market share, according to new figures, despite relaunching its Clubcard. The supermarket recently beefed up its loyalty card scheme, offering shoppers two points for every £1 spent, as opposed to just one. It had hoped the tactics would stop customers shopping at rivals like Asda and [...]
UK set for square root-shaped recovery September 6, 2009 IT is almost official: we are out of recession. The economy is growing again, albeit at a snail’s pace, the equity and debt markets have bounced back, some firms are posting higher profits and there has been a mini-renaissance in City deal-making. All of which is great news but certainly not enough to uncork the [...]
Flutter on football, and maybe make a mint on Murray September 6, 2009 FOR those who like a bit of spread betting to enliven their sport, the first big event is England’s World Cup qualifier against Croatia on Wednesday night, in which an England win will guarantee a journey to South Africa next year to see if Fabio Capello can succeed where countless others have failed. (The odds [...]
Park Group reports profit spike June 11, 2009 Gift voucher firm Park Group said yesterday pre-tax profit rose 44 per cent to £6.2m over the past year, driven by growth in both the corporate voucher and Christmas savings divisions. Corporate voucher sales increased by four per cent over the year, while Christmas savings customer numbers were up over eight per cent. The group [...]