Business News
Last-gasp cash keeps airline flying – for now
Flyglobespan, Scotland's biggest airline, is believed to have staved off collapse with a last-ditch cash injection on Friday evening.
Inside Business News
Kenmore's failure blamed on the troubles of German lender
Sunday, 15 November 2009
HSH Nordbank's recall of £300m loan forced property group into administration, owing Lloyds £700m
BA hopes rise on £3bn-plus pension deal
Sunday, 15 November 2009
Airline confident agreement will be reached with trustees over the exact amount of its fund deficit
Cosmen battles National Express over board seat
Sunday, 15 November 2009
National Express management and the transport group's deputy chairman, Jorge Cosmen, are set for yet another confrontation, this time over the terms that give the Spaniard the right to sit on the board.
Cowell's X Factor abstention adds to his millions
Sunday, 15 November 2009
X Factor tormentor Simon Cowell is said to worth £120m and Forbes magazine reckons he earned £45m in the past year.
British union member elected co-chairman of Airbus council
Sunday, 15 November 2009
Britain has a union representative at the head of the European works council for Airbus, the aircraft manufacturer, for the first time.
RBS hits back at 'bully' claims
Sunday, 15 November 2009
The Royal Bank of Scotland has hit back at claims it is engaged in corporate bullying, by questioning smaller brokers' appetite for underwriting riskier rights issues.
Independent board vetoes O'Brien's attempt to ban it from issuing securities
Sunday, 15 November 2009
The board of Independent News & Media, owner of The Independent and The Independent on Sunday titles, won its battle against investor Denis O'Brien, when shareholders voted overwhelming on Friday against his resolution at an extraordinary meeting in Dublin.
Nighthawk Energy boss expects oil company to be sold in two years
Sunday, 15 November 2009
The head of Nighthawk Energy, an Aim-listed North America-focused oil producer, believes that the company could be sold to a major rival by 2012. Its managing director, David Bramhill, said: "Our aim is to be a mid-tier company [worth more than $1bn from around $215m today] within two years. Alongside this we might be bid for by a major player given our assets are just the sort of packages that they would be after."
New chief launches Reed review
Sunday, 15 November 2009
Erik Engstrom, the new chief executive at Ftse 100 media group Reed Elsevier, is to launch a review of the business that could lead to asset sale
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