News The logo of Samsung Electronics is displayed on a glass door at their headquarters in Seoul on November 6, 2013. Samsung Electronics promised better shareholder returns, dismissed fears over smartphone market saturation and signalled a more aggressive acquisitions policy Wednesday at a rare analysts' briefing to boost its flagging stock price.

Samsung has announced plans to open 60 of its own branded stores in Britain and six other European countries, in a bid to challenge Apple's successful retail store approach.

Ladbroke receives pounds 82m boost from Hilton deal: Hutchison Whampoa buys out hotel management contract

LADBROKE, the gambling and Hilton hotels group, will see its annual results boosted by an pounds 82m exceptional profit this year after agreeing to give up its contract to run the Hong Kong Hilton Hotel.

BAe to sell telecom stake: Aerospace group seeks buyer for slice of Hutchison personal network operation

BRITISH Aerospace is to sell its 30 per cent stake in Hutchison Telecommunications (UK), one of two operators licensed to provide mobile personal communications networks.

Departures: Oz race

AUSTRAVEL (071-287 6318) has put together a seven-night package for the Australian Formula One Grand Prix in Adelaide on 7 November. It costs pounds 1,149, includes a pass for the Grand Prix, seven nights' hotel accommodation and return flights with Singapore Airlines via Singapore.

Departures: Oz means business

AN INCREASING number of tourists flying to Australia are paying the extra to upgrade to business class, according to long-haul specialist Quest Worldwide (081-547 3322).

Travel / Departures: Down Under deals

AIRLINES continue to cut prices to Australia and New Zealand. Until the end of June, Bridge the World Travel Centre (071-911 0900) is offering return flights with Singapore Airlines to Sydney, Perth, Melbourne, Brisbane, Adelaide, Auckland or Christchurch for pounds 599. The ticket is valid for one year.

Marine Midland back in black

MARINE MIDLAND, the HSBC Holdings subsidiary in New York State, returned to the black last year for the first time in three years with a net profit of dollars 109.2m ( pounds 73.8m), writes Peter Rodgers.

COMPETITION / Four sets of Samsung video equipment to be won

Samsung, the Korean hi-fi company, is offering two camcorders and two video machines as prizes in a competition open solely to readers of the Independent. All you have to do is answer the question below. The first four correct entries pulled from the hat will win.

Shipping woes at subsidiary cost HSBC Holdings dollars 175m

THE PROBLEMS of the US shipping industry have cost HSBC Holdings, the new parent of Midland Bank, dollars 175m ( pounds 101m).

HSBC under fire from British shareholders

HSBC Holdings, owner of Hongkong and Shanghai Bank, is facing the embarrassing and costly prospect of a radical restructuring of its share capital less than three months after its acquisition of Midland Bank.

Midland to make borrowing easier

MIDLAND Bank is to be encouraged by its new owners to reverse a fall in lending by accepting higher risks and devolving more decisions to its branches.

Departing Midland pair in line for pounds 3.1m payout

KEITH WHITSON, a general manager of Hongkong Bank, is to be deputy chief executive of Midland as part of a reshuffle that includes the departure of the two highest-paid Midland directors, writes Peter Rodgers. Their record handshakes could total pounds 2.4m, with another pounds 700,000 payout from share options.

Exchange in uproar over HSBC stock

THE debut of HSBC Holdings on the London stock market turned into a fiasco yesterday, when market makers said they would not deal in more than 500 of the Hong Kong dollar shares at a time.

Samsung wins

The South Korean government has authorised Samsung Heavy Industries to build a dollars 92.3m ( pounds 48.6m) plant manufacturing large-sized trucks despite opposition from the nation's five existing automakers. The company can start producing five types of heavy vehicle from 1994.
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<b>Kathryn Williams</b>
When I was supporting Ray La Montagne I was six months pregnant. He had been touring for a year and he was exhausted and full of the cold. I was feeling motherly, so I would leave presents for him and his band: Tunnock's Tea Cakes, cold remedies and proper tea. Ray seemed painfully shy. He hardly spoke, hardly looked at you in the face. I felt like a dick speaking to him, but said "hi" every day. </p>
He was being courted by the same record company who had signed me and subsequently let me go, and I wanted him to know that there were people around who didn't want anything from him. At the Shepherds Bush Empire in London, on the last night of the tour, Ray stopped in his set to thank me for doing the support. He said I was a really good songwriter and people should buy my stuff. I was taken aback and felt emotionally overwhelmed. Later that year, just before I had my boy Louis, I was l asleep in bed with Radio 4 on when Louis moved around in my belly and woke me up. Ray was doing a session on the World Service. </p>
I really believe that Louis recognised the music from the tour, and when I gave birth to him at home I played Ray's record as something that he would recognise to come into the world with. </p>
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