Hibu set to post results and debt rescue scheme July 21, 2013 HIBU, the owner of Yellow Pages, is this week set to reveal its long-awaited full year results, which are likely to include details of a debt-for-equity swap with its creditors. The company has spent months in talks to cut its £2.3bn debt pile and hopes to finalise a deal to hand control to its creditors [...]
Bottom Line: Write off the shares not the company July 21, 2013 A FORMER giant, an icon of economic optimism, reduced to embers of its glory within living memory. Not Detroit, but the Yellow Pages. Yell, as the owner of the business directory was known, was blue chip, a member of the FTSE 100 elite. It was at the nation’s elbow for all the nice and the [...]
Cuadrilla in talks over shale gas drilling on United Utilities’ land July 21, 2013 ENERGY firm Cuadrilla has been talking to United Utilities as it plans its next attempt to extract shale gas in the north west of England. Cuadrilla, which suspended fracking in 2011 after causing small tremors in Blackpool, has spoken to the water company about six possible sites for fresh drilling. As well as getting a [...]
Tablet searches boom as Brits buy for the sun July 21, 2013 ADIDAS, Converse shoes, dresses and garden furniture have become some of the most popular terms that consumers are browsing for online thanks to brighter weather and the help of three bank holidays. Data from the British Retail Consortium (BRC) and Google showed searches for DIY and gardening products outpaced other sectors on both tablets and [...]
Former ENRC director set to fight lawsuit July 21, 2013 FORMER ENRC director Sir Paul Judge has pledged to fight a lawsuit brought by the mining company over claims he leaked information to the media. Judge said in a statement over the weekend that he “den[ies] entirely” the company’s claims that he leaked an email to the press in October. Judge, who stepped down from [...]
City Moves for 22 July 2013 | Who’s switching jobs July 21, 2013 Carey Group The financial services company has appointed Joe Truelove as a director in its fund administration business. He was most recently at Kleinwort Benson, where he was head of business development for the fund administration sector. HSBC The bank has recruited Luiz Simione as global head of forfaiting and risk distribution for global trade [...]
Farnborough revenues take off July 21, 2013 Revenues at Farnborough Airport soared 11.9 per cent in the year to the end of March, as its landing fees and ancillary turnover made up for broadly flat traffic. The airport took 24,012 take-offs and landings in the year, up by just 62 in spite of the government allowing owner TAG to raise the number [...]
Costa Concordia crew sentenced July 21, 2013 Four Costa Concordia crew members and a company official were sentenced to jail in Italy on Saturday for their part in the 2012 cruise ship disaster that killed 32 people, leaving only the captain still on trial. The five received sentences of between 18 and 34 months for manslaughter, negligence and shipwreck, but are unlikely [...]
Mayfair mews pays out for property mogul July 21, 2013 VINCENT Tchenguiz, the property tycoon wrapped up in a legal battle with the Serious Fraud Office (SFO) has had one piece of good news of late – the mogul has sold his Mayfair home for almost £17m. The eight-bedroom property on Lees Place in Mayfair is close to Annabel’s private members club and only five [...]
Aston Martin celebrates centenary July 21, 2013 SWISS dental heir Thomas Straumann might have been feeling some pangs of nostalgia this weekend, as Aston Martin was showing off 550 of its finest motors at Kensington Palace Gardens, to celebrate turning 100. Straumann used to be the proud owner of an Aston Martin DB5 – which was used to promote the James Bond [...]
