Wednesday facing High Court D-Day November 16, 2010 RESTRUCTURING group Zolfo Cooper is standing by to act as administrator to Sheffield Wednesday today if a High Court case verdict goes against the club. Wednesday face a £600,000 demand from the tax authorities and arrive in court after the board turned down an offer from Leicester City chairman Milan Mandaric. According to sources close [...]
Wednesday facing High Court D-Day November 16, 2010 RESTRUCTURING group Zolfo Cooper is standing by to act as administrator to Sheffield Wednesday today if a High Court case verdict goes against the club. Wednesday face a £600,000 demand from the tax authorities and arrive in court after the board turned down an offer from Leicester City chairman Milan Mandaric. According to sources close [...]
John Lewis is ranked among influential list November 14, 2010 RETAIL giant John Lewis has surged into a ranking of Britain’s most influential brands, as the group’s partnership approach to doing business and a record year for till receipts propelled it into the top three. TLG’s annual index of UK Business Thought Leaders ranks John Lewis below Apple and Google but above other respected names [...]
WHAT THE OTHER PAPERS SAY THIS MORNING October 24, 2010 FINANCIAL TIMES QATAR KEEN TO BID FOR CHRISTIE’S AUCTION HOUSE Qatar is eyeing Christie’s, the auction house, as part of its plans to establish itself as a leading cultural destination in the Gulf. Although Christie’s has yet to receive a formal approach, Qatar’s emir, Hamad bin Khalifa al-Thani, told the Financial Times in an interview [...]
Co-op finance seeks suitors October 24, 2010 THE Co-operative Group is considering a potential sale of its £18bn life and pensions business, it emerged this weekend. A source close to the company said the group was exploring the possibility of a sale and that an information pack was “doing the rounds.” Two potential bidders include Resolution and Phoenix, firms that specialise in [...]
THE TIPSTER October 11, 2010 THE search giant Google has seen its share price rallying hard since the start of September, helped somewhat by recent broker upgrades. Google’s global audience has the potential to be recession proof. With this in mind there is something of an expectation for the company to deliver the goods on Thursday — at least virtually [...]
THE TIPSTER October 10, 2010 NEWS of Thomas Cook’s merger with Co-op Travel will put the pressure on its peers in what is already a very competitive market. Further consolidation in the sector is tipped but we could see something of a land-grab get underway, especially given the market’s positive reaction to Thomas Cook’s share price. The current IG Index [...]
Thomas Cook and Co-op in holiday business merger October 8, 2010 Thomas Cook Group and The Co-operative Group have agreed a merger of their high street travel and foreign exchange businesses. The deal will create the UK’s biggest high street travel operation with 1,200 shops. It is estimated that the pair can save a total of £35m in costs through the agreement. Under the merger, Thomas [...]
The Co-op boss who is on a mission to rejuvenate an iconic organisation September 19, 2010 IT IS EASY to see why Co-operative Group chief executive Peter Marks is so excited about the new £180m head office that will open on a 20-acre site in the centre of Manchester in 2012. The current 1960s 13-storey building across the road seems to be made almost entirely of linoleum and plywood. I have [...]
Co-op hits out at Cameron’s austerity talk August 26, 2010 THE Co-operative Group blasted the government for damaging consumer confidence with talk of an “age of austerity” yesterday, despite revealing an 18 per cent rise in profits. Britain’s largest mutual retailer said it had beaten tough conditions to grow in the first half of the year but predicted a gloomy trading environment until at least [...]