May
2009
Articles from 16th May 2009
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Barclays confirms takeover interest in asset management arm
May 16 2009 | Business News
BARCLAYS has confirmed takeover interest in its Barclays Global Investors asset management arm – a division estimated to be worth about £6.6bn. Read
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Executives bail-out from corporate flights as recession hits international business travel
May 16 2009 | Business News
EXECUTIVES abandoned their corporate flights last year as the recession saw a slump in international business travel, a study has revealed. Read
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Bloomsbury reports rise in return of unsold books from retailers
May 16 2009 | Business News
BOOK publisher Bloomsbury offered a mixed view on trading amid higher UK book returns and a “cooling” in the German market. Read
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BOOKMAKER Ladbrokes said profits were down by a third after punters enjoyed a successful Cheltenham Festival.
May 16 2009 | Business News
A high number of horse race cancellations also affected the performance in the four months to April 30, although Ladbrokes said more normal trading patterns had returned in recent weeks, helped by a favourable outcome at last month’s Grand National. Read
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THE media firm behind talkSPORT reported encouraging signs for its UK radio business – despite caution over prospects this year.
May 16 2009 | Business News
UTV Media said UK radio revenues fell by 15% in the year to the end of April, compared with an 18% fall for the wider market. It also forecast a 9% decline for May and June in line with “somewhat improved” market conditions. Read
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Electrical giant Panasonic posts £2.6bn loss amid plunging world demand
May 16 2009 | Business News
PANASONIC has posted a £2.6bn loss – becoming the latest in a string of Japanese electrical firms to nosedive into the red amid tumbling global demand. Read
