Former Business Post director hits back

Article Abstract:

The former finance director of Business Post has denied allegations that he misled the stock market about the company's performance. Torquil Montague Johnstone has dissociated himself from a trading statement, issued to the stock market in August, that the company's financial performance was on track. Last week, Business Post reduced its profit forecast, warning that earlier sales projections were unrealistic. Mr Montague Johnstone, who has now resigned, believes that he has been unfairly blamed for misleading the market.

Comment:

Former finance dir of UK courier delivery group denies allegations that he misled stock market about company's performance

Government regulation (cont), Business Post Group plc

---

Sky can't lose with United, says City

Article Abstract:

The acquisition of the Manchester United football club will not only allow BSkyB, the satellite broadcasting company, to cut the cost of paying for television rights, it will also provide it with a profitable revenue stream. Additional revenues of GB 4mn per year are expected from 2002 thanks to the expansion of Manchester United's stadium, while merchandise sales in the Far East are also expected to grow. This will more than offset the lower revenues expected at BSkyB in 1999 and 2000 to pay the takeover price of GB 623.4mn.

Comment:

Acquisition of Manchester United football club will give this co profitable revenue stream

Satellite Telecommunications, Sports Teams and Clubs, Satellite TV Communications, Professional Football, Satellite television, British Sky Broadcasting Group PLC, Manchester United Football Club PLC

---

UK: TARGET EXPRESS IN MANAGEMENT BUYOUT

Article Abstract:

Parcel express operator, Target Express, has been bought by its management team, led by managing director, Paul Murray. Venture capital company, 3i, is investing GB[pound] 50mn to back the buyout and Fuji Bank is arranging debt facilities.

Private Mail & Express Services, Couriers and Messengers, Mergers, acquisitions and divestments, Courier services, Express delivery services, Target Express Parcels

Similar abstracts:

• Abstracts: Justice will be done. How prosecutors can help police with their inquiries. Lawyers on a loser with no win, no fee cases
• Abstracts: The fine lines of a dirty mind. Jack of all styles, master of none. Anything's possible on the road to excess
• Abstracts: The green movement. This is the house that sweat built. It's grand up North
• Abstracts: It is time to rethink the aims of this savage war. We are being cheated by state lies, says Draskovic. We should not rule out a peaceful solution in Kosovo
• Abstracts: Militias block roads in fresh violence. East Timor defies fear to vote for freedom

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.