Today's letter from the Editor
£22000 - £25000 per annum: Recruitment Genius: This Garden Centre complex base...
£36000 - £38000 per annum: Recruitment Genius: A Buyer is required to join thi...
£20000 - £25000 per annum + OTE £45K: SThree: SThree Group have been well esta...
£20000 - £25000 per annum + OTE £45000: SThree: SThree Group have been well es...
The Business Matrix: Saturday 1 June 2013
William Hill bonds help repay loans
William Hill has launched a corporate bond to raise £375m. The proceeds will be used to pay back short-term loans taken out to help fund its takeover of the Sportingbet Australia business and Playtech's 29 per cent of William Hill Online.
'Shock and awe' fails to lift activity
Japan's "shock and awe" tactics are having little impact on the nation's deflationary malaise. Despite its huge money-printing and fiscal stimulus programme April data showed Japan's consumer price index down 0.4 per cent year on year.
Centrica unwinds from wind farm
British Gas's parent, Centrica, has sold its 50 per cent interest in the Braes of Doune onshore wind farm in Stirlingshire, Scotland, for £59m to the Hermes GPE Infrastructure Fund. Centrica, which bought the stake for £42m in 2007, will receive all of the wind farm's output.
Pinewood to fight planning decision
Pinewood Shepperton has filed an appeal against a decision that blocked major expansion plans. In early May the South Buckinghamshire council turned down Pinewood's application to add 100,000 square metres of studio and production space by building on green belt land.
Harvey Nash off to a slow start
Harvey Nash has blamed a dearth of jobs in Europe, Vietnam and Hong Kong for a "slower" start to the year. The tech recruitment specialist also said the impact of Chinese New Year and client delays in a German outsourcing business were behind its 14 per cent fall in profit since February.
Another hefty diamond for Gem
Gem Diamonds has sold a 164-carat (1.15oz) diamond for about £5.9m. The miner said the stone was discovered at its Letseng mine in Lesotho in April. The mine has produced a series of large diamonds for Gem, including one of 603 carats. The latest sale will probably go to Antwerp for cutting.
EMI feud heads back to court
A US appeals court has overturned Citigroup's victory over Guy Hands in the battle over his £4bn buyout of EMI. The financier had sued the US bank over the takeover of the music group in 2007, before the financial crisis froze the credit markets. Mr Hands' firm later defaulted on some loans and Citi seized EMI.
Order could give Tui 150 Boeings
On the day its first 787 Dreamliner touched down in the UK, Tui Travel yesterday agreed a multi-billion pound deal to buy more Boeing jets. The company behind Thomson Holidays, Crystal Ski and LateRooms is buying 60 of Boeing's narrow-bodied, fuel-efficient 737 Max jets, with an option to take 90 more.
Lloyds offloads US sub-prime debt
Lloyds Banking Group has sold a large slug of US mortgage securities through an auction that raised a total of £3.3bn, as part of its efforts to reduce its assets and strengthen its balance sheet. The securities had a face value of £5.7bn but had already been written down by Lloyds to just £2.7bn, giving it a book profit of £540m.
Opec maintains output target
Opec oil ministers, at their twice-yearly meeting in Vienna yesterday, agreed to keep the group's oil output target unchanged for the rest of this year. The Organisation of Petroleum Exporting Countries, which will next meet in December, had been widely expected to keep the 30 million barrels per day target in place.
- 1 Sabrina Corgatelli: US hunting tourist posts picture of herself with dead giraffe after Cecil the lion outrage
- 2 Edward Heath 'child sex abuse' allegation: Investigation to be held into Wiltshire police handling of alleged claim in the 1990s
- 3 Dutch King Willem-Alexander declares the end of the welfare state
- 4 A-level results 2015: UK exam board OCR admits it 'estimates' hundreds of pupils' grades after papers 'go missing'
- 5 Giant Minion terrorises drivers in Ireland as 40ft inflatable blocks busy Dublin road