business and industry
Contrary to popular belief, Lorem Ipsum is not simply random text. It has roots in a piece of classical Latin literature from 45 BC, making it over 2000 years old. Richard McClintock, a Latin professor at Hampden-Sydney College in Virginia, looked up one of the more obscure Latin words, consectetur, from a Lorem Ipsum passage,… Read more »
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By Alex Stevenson The four executives who led MG Rover as the carmaker headed towards administration received around £9 million each, the long-awaited report into the company’s demise has revealed. An independent inquiry begun after the manufacturer collapsed in 2005 showed the so-called Phoenix Four – who bought MGRG for £10 in 2000 – together… Read more »
By Alex Stevenson Opposition parties expressed frustration with the government’s role in the demise of MG Rover but struggled to find a consistent angle to attack ministers on. Shadow business secretary Ken Clarke said it was a “pity” the report had not investigated the role of government, which was prepared to provide a bridging loan… Read more »
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