Archive for May, 2009
Gordon Ramsay admits he came close to losing his business empire
(TELEGRAPH) - The Michelin-starred chef said his company Gordon Ramsay Holdings (GRH) was losing millions of pounds.
Ramsay was so concerned about the prospect of administration that he sold his Ferrari and considered selling up to 20 per cent of the company and his £6m home in Wandsworth, south west London, to save the business.
“We were [...]
Climate change ‘kills 300,000 every year’
(TELEGRAPH) - The report by the Global Humanitarian Forum, set up by Kofi Annan, the former head of the United Nations, looked at the latest information on changing weather patterns and how they are affecting humans in terms of spreading disease and causing starvation and even [...]
Corus clinches loans lifeline
(TIMES ONLINE) - Corus, one of Europe’s biggest steelmakers, has clinched a vital deal with its banks that will see the company’s lending agreements relaxed, putting it on a much stronger financial footing.
A banking syndicate led by Citigroup, Standard Chartered and Royal Bank of Scotland has agreed to reset the banking covenants [...]
Guy Forrester Joins All Access Ltd.
All Access Ltd announces new Managing Director Guy Forrester.
Hampshire, United Kingdom (PRWEB) May 31, 2009 — Industry veteran Guy Forrester has become the newest addition to All Access Staging & Productions Ltd., the European operation of the United States staging company. As Managing Director, Forrester will be responsible for all aspects of All Access’ operations [...]
Mortgage rescue plan accepts just two families
(TELEGRAPH) - The Department for Communities and Local Government said that in April 139 households applied for help in avoiding repossession but that only one successfully received the support. However, this single acceptance doubles the tally of those accepted by the scheme, which had been aiming [...]
Wave of commercial property failures predicted
(TELEGRAPH) - Richard Fleming, UK head of restructuring at accountant KPMG, said that property failures to date are just the “tip of the iceberg”.
Mr Fleming said: “Our work on the JJB [Sports] CVA and the Lehman real estate portfolio in Asia has given us an insight into what we [...]
Blacks Leisure slides deeper into red as retailer seeks financing
(TIMES ONLINE) - Blacks Leisure has slumped deeper into the red as sales at its troubled boardwear division, which includes Freespirit and O’Neill, continue to spiral.
The outdoor specialist is negotiating with banks to get cash to transform the loss-making boardwear shops into its core Millets and Blacks stores. It has secured [...]
Half Term Creates Home Insurance Havoc
Half term holidays significantly increase the likelihood of home insurance claims according to Swinton, the UK’s leading high street insurer.
Manchester, UK (PRWEB) May 27, 2009 — Swinton data revealed a 24% increase in the number of home insurance claims during the last half term break in February.
Broken windows are one of the most common [...]
Hughes Promises Derry Motorists ‘Best Price’ or £30
To support Derry drivers the Northern Ireland insurance broker Hughes Insurance has announced it will beat motorist’s car insurance quotations by £30 or give them £30.
Derry, Co Londonderry (PRWeb UK) May 28, 2009 — To support Derry drivers in the credit crunch Hughes Insurance has announced it will beat motorist’s car insurance quotations by £30 [...]
Price Wars Force Manufacturers To Snub Retailers In Favour Of Direct Sales
Manufacturers are being forced to consider more carefully who they distribute to and in some cases are opting to deal with customers directly as smaller retailers force their prices even lower, according to E-Business strategists at leading consultancy Echo E-Business.
(PRWeb UK) May 29, 2009 — Manufacturers are being forced to consider more carefully who they [...]
