News archive from 30 January 2012

Trinity College Cambridge makes an investment in Tesco

Trinity College Cambridge makes an investment in Tesco

A Cambridge college has taken a tutorial from the "Sage of Omaha" Warren Buffett by making an investment in Tesco. Trinity College, founded by Henry VIII in 1546, is understood to have poured £440m into a joint venture with a Tesco...

 
RBS boss Stephen Hester rejects £1m bonus

RBS boss Stephen Hester rejects £1m bonus

Royal Bank of Scotland chief executive Stephen Hester will not take his near-£1m bonus, the BBC has learned. Business editor Robert Peston says Mr Hester will not now accept the £963,000 shares-only payment offered to him. He succumbed to...

BBC, 22:34 in Business
 

Carrefour board approves CEO change - source

Board members took the decision at a meeting on Sunday evening, the source said, but gave no further details. Plassat, 62, head of private-equity backed retailer Vivarte, replaces Lars Olofsson, who had been living on borrowed time after a string of...

Reuters, 22:40 in Business
 

Italy Unipol agrees four-way merger to rescue Fondiaria

Premafin, whoich owns 35.7 percent of Fondiaria-SAI, is expected to launch its own capital increase of up to 400 million euros reserved for Unipol. Unipol's subscribing to the Premafin capital increase is subject to the regulator's approval, go ahead...

Reuters, 22:40 in Business
 
Lloyds Banking Group is set to announce a shake-up of executive roles

Lloyds Banking Group is set to announce a shake-up of executive roles

Lloyds Banking Group is set to announcing a shake-up of executive roles this week, amid reports of friction between chief executive Antonio Horta-Osorio and wholesale banking boss Truett Tate. The Portuguese boss is reducing the number of senior staff...

 

Gunmen attack police station in Nigeria's Kano

"We were able to push them out of the area but they burnt part of the police station," Kano police commissioner Ibrahim Idris said. "It was a blast that caused damage to the station." Boko Haram's attacks have become more...

 
Regulators weigh action on UBS $2 bln trading loss - report

Regulators weigh action on UBS $2 bln trading loss - report

That trading scandal came after UBS had to take government aid during the financial crisis, after suffering huge losses on risky U.S. subprime debt. UBS has carried out its own internal investigation into the trading affair and several employees --...

Reuters, 22:59 in Business
 
EU leaders to agree on permanent bailout fund, balanced budget

EU leaders to agree on permanent bailout fund, balanced budget

The summit - the 17th in two years as the EU battles to resolve its sovereign debt problems - is supposed to focus on creating jobs and growth, with leaders looking to shift the narrative away from politically unpopular budget austerity. The summit is...

Reuters, 23:24 in Business
 

Worn-out machines as leading indicator

Four years after the downturn began, the replacement cycle shows signs of kicking into a higher gear in the United States even among small businesses, and it could give an unexpected boost to growth and employment this year. That assumes no further...

Reuters, 23:24 in Business
 

Italy's Unipol agrees merger plan to save Fondiaria

But the initial proposal, which included a purchase by Unipol of a 51 percent stake in Premafin from the Ligresti family, had to be redrawn after Italy's market regulator Consob indicated it would hurt minority shareholders in Fondiaria while...

Reuters, 23:56 in Business
 

RBS chief waives bonus after political storm

A spokesman for the partly state-owned bank said CEO Stephen Hester would no longer be taking the bonus, which was awarded at a time when most British workers are suffering wage freezes or sub-inflation rises. "He's waived the bonus," said...

Reuters, 00:04 in Business
 
DERBY 0 - STOKE 2: PETER CROUCH DREAMS OF WEMBLEY

DERBY 0 - STOKE 2: PETER CROUCH DREAMS OF WEMBLEY

PETER CROUCH is hoping Stoke can book him a return ticket to Wembley. The big striker has virtually written off any hope of going back there with England while Fabio Capello is in charge. Crouch’s astonishing record of 22 goals in 42 international...

Daily Star, 00:04 in Sport
 
BLACKPOOL 1 - SHEFFIELD WEDNESDAY 1: IT’S SOUTHERN COMFORT FOR BRAVE KEITH

BLACKPOOL 1 - SHEFFIELD WEDNESDAY 1: IT’S SOUTHERN COMFORT FOR BRAVE KEITH

KEITH SOUTHERN made his comeback after a cancer scare but left the ground with eight stitches in his leg. The Blackpool midfielder, 30, underwent surgery to remove a cancerous tumour from a testicle at the end of November. Boss Ian Holloway made...

Daily Star, 00:04 in Sport
 
QPR 0 - CHELSEA 1: BACK TO BOAS-ICS, BUT MATA SPOTS WAY AHEAD

QPR 0 - CHELSEA 1: BACK TO BOAS-ICS, BUT MATA SPOTS WAY AHEAD

CHELSEA went to Mallorca last week for a mid-season break – but the message from the manager was to get back to basics. That is the philosophy which boss Andre Villas-Boas has come around to using in a bid to get his side’s season back on track. The...

Daily Star, 00:04 in Sport
 
BOLTON 2 - SWANSEA 1: DARREN'S SORRY TO KO SWANS

BOLTON 2 - SWANSEA 1: DARREN'S SORRY TO KO SWANS

DARREN PRATLEY finally got his Bolton career off the ground – and then said sorry for it. Pratley ended a five-year stint with Swansea to join Bolton on a free transfer in the summer. The midfielder helped the Welsh side to two promotions but had an...

Daily Star, 00:04 in Sport
 


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