British Gas profits fuelled by freezing winter May 10, 2010 BRITISH Gas has seen profits rise in the first quarter of the year after the freezing winter saw households using more heating. Parent company Centrica said that gas usage was seven per cent higher than in the same period in 2009. Electricity consumption also up two per cent and British Gas is expected to turn [...]
Fans’ bid for United looks doomed to fail June 2, 2010 THE highly anticipated “Red Knights” bid for Manchester United appears to have all but fizzled out after the wealthy group of investors admitted they will not meet the owners’ valuation of the club. The Red Knights have privately said a bid will not be imminent after it became clear they are not willing to match [...]
BP TOP DOGS SPOTTED OUT ON A TOP-SECRET MAYFAIR MISSION June 7, 2010 A STERLING spot by one of The Capitalist’s army of spies yesterday, on the way to a meeting at an office building on Old Burlington Street. Stepping out of the lift in the building were none other than beleaguered BP chief executive Tony Hayward and his finance director Byron Grote – taking some time out [...]
BP TOP DOGS SPOTTED OUT ON A TOP-SECRET MAYFAIR MISSION June 7, 2010 A STERLING spot by one of The Capitalist’s army of spies yesterday, on the way to a meeting at an office building on Old Burlington Street. Stepping out of the lift in the building were none other than beleaguered BP chief executive Tony Hayward and his finance director Byron Grote – taking some time out [...]
Red Knights will not pay over odds May 10, 2010 CITY financiers determined to take control of Manchester United have vowed not to over-pay for the club. A statement released yesterday came after Old Trafford sources ramped up the stakes by claiming the club has already knocked back a £1.5bn bid from a far east consortium. The news has been construed as a plan by [...]
Newcomers welcome in the energy market, says Labour April 25, 2010 THE LABOUR PARTY has promised to end the domination of the UK’s “big six” energy suppliers if it wins re-election next month. At the launch of its “green manifesto” yesterday, Labour fleshed out its plans to promote competition in the energy sector and encourage progress to a low-carbon economy. It said it would open up [...]
British Gas workers vote to strike March 23, 2010 BRITISH Gas workers have voted to strike over what they have branded macho management and bullying. The strikes would affect gas service engineers, central heating boiling engineers and distribution depot workers, the union added. No strike dates have been set among the 8,000 GMB members and the company, part of Centrica, has been given a [...]
The City is back but under new management December 21, 2010 BRITAIN’S financial landscape has been transformed since we last shone a light on the City’s most powerful figures two years ago. The City A.M./CityJet Power Hundred 2011 list ranks the most influential figures in UK finance as we head into the new year. It should be no surprise that it is very different from 2009. [...]
The City is back but under new management December 21, 2010 BRITAIN’S financial landscape has been transformed since we last shone a light on the City’s most powerful figures two years ago. The City A.M./CityJet Power Hundred 2011 list ranks the most influential figures in UK finance as we head into the new year. It should be no surprise that it is very different from 2009. [...]
Red Knights thrash out United plans April 14, 2010 THE group of City financiers hoping to wrest control of Manchester United met in London yesterday to hone their plans. They are understood to have discussed the structure of the complicated share issue that will give fans the chance to buy a stake in the club. They are also thrashing out whether to retain the [...]