MUSIC STARS BID FAREWELL TO UNIVERSAL BOSS LUCIAN GRAINGE June 16, 2010 A rapturous reception on Tuesday evening for Lucian Grainge, the current head of Universal Music’s international division, who is moving to New York next month to become chief executive of the group as a whole. Grainge, on crutches owing to a recent leg injury, stood near the stage area in a room at the Knightsbridge [...]
Murdoch: Middle East should open up March 9, 2010 RUPERT Murdoch urged Arab governments yesterday to reject media censorship and open their markets to foreign competition as he opened a high-profile conference aimed at furthering oil-rich Abu Dhabi’s ambitions as a cultural hub. The chief executive of News Corp, one of the biggest foreign investors in the region’s media, said economic incentives were more [...]
WHAT THE OTHER PAPERS SAY THIS MORNING June 21, 2010 FINANCIAL TIMES LEHMAN CREDITORS GET A LIFT AFTER $620M OF ASIAN ASSETS ARE SOLD The Hong Kong-based liquidators of Lehman Brothers’ Asian operations have sold $620m (£420m) of the failed investment bank’s portfolio of loans, bonds and equity positions in the region. The transactions, which achieved an average recovery rate of 100 per cent, mark [...]
Zola set for legal battle after sacking May 11, 2010 GIANFRANCO ZOLA is set for a legal battle with West Ham after he was sacked as manager yesterday. The Italian, who had three years left on his contract, was reportedly dismissed for a breach of contract for comments made towards co-owners David Sullivan and David Gold in response to their claims that the entire squad, [...]
Sheikh dies in glider accident March 30, 2010 AN Emirati sheikh who headed one of the world’s biggest sovereign wealth funds has been found dead four days after a glider crash in Morocco, state media said. Sheikh Ahmed bin Zayed al-Nahayan, 41, was a younger brother of the ruler of Abu Dhabi, who is also president of the United Arab Emirates. He was [...]
THE TIPSTER April 25, 2010 IMPERIAL Tobacco has been resilient in the past year as it is a very defensive stock but recently it has been correcting to the downside. Tuesday’s interim numbers might provide support and the stock could head back above £20. Capital Spreads’ quote for Imperial Tobacco is 1,959.0p-1,962.0p. Oil and gas firm BG Group has seen [...]
ADVERTISING Q&A May 6, 2010 Q. I have recently started a business and am wondering whether I should be planning for an advertising campaign? A. Lots of entrepreneurs won’t be able to afford to spend on an advertising campaign when they first start out, it’s usually something that comes down the line. However, Carl Harris, business director at Cuba UK, [...]
Digicel loses case against C&W April 15, 2010 DIGICEL has lost its landmark legal battle against bitter rival Cable & Wireless Communications. A judge ruled that Digicel, headed up by Irish telecoms tycoon Denis O’Brien, was not unlawfully delayed from breaking into the emerging Caribbean telecoms market. The case focused on claims that Cable & Wireless had breached the telecoms statutes in Barbados, [...]
A bizarre night of telly to match the result May 7, 2010 BOB Hope memorably described the Oscars as “two hours of entertainment spread out over four hours”. You have to wonder what he’d have made of election night TV, which started when polls closed last night and is still going on. David Dimbleby presided over his eighth election night for the BBC, holding forth in a [...]
Toyota executive claims he warned of accelerator defect April 8, 2010 A senior Toyota executive in the US warned in a January email that the automaker needed to “come clean” on a safety defect that caused accelerator pedals to become stuck open. The 16 January email from Irv Miller, then Toyota’s top US spokesman, was sent five days before the automaker launched a recall for about [...]