City&FinanceBriefing 34 Tuesday, 10 November 2009 London Lite LONDON LITE PROMOTION For your chance to win this fantastic prize, visit and click on WIN. Alternatively, text LL SARACENS followed by your FIRST NAME and POSTCODE to 65400, ie. LL SARACENS ALISON W8 5TT (texts cost 50p, standard network charges apply). S aracens will test themselves against the World and Tri-Nations Champions South Africa on Tuesday 17 November. To celebrate the two teams going head to head at Wembley Stadium, London Lite has teamed up with Saracens to give away a VIP experience for four people to enjoy. The overall prize includes four places at the exclusive Welbedacht wine tasting pre-match event in the presence of Springbok international Schalk Burger and other members of the playing squad, drinks reception on arrival, three-course meal, Club Wembley match tickets, wine tasting throughout the evening and the opportunity to meet the Springbok squad. Saracens have had a great start to their domestic campaign, winning seven out of seven from their opening Guinness Premiership matches. Now they will switch to the international stage against the worlds best side. South Africa beat England in the 2007 World Cup final and now its Saracens chance to beat the World Champions! There are also runner up prizes on offer, with 30 pairs of tickets to give away to the game. HOW TO WIN The competition closes at midday on Wednesday, 11 November 2009. The winner will be chosen at random from the entries received and notified by 5pm on Thursday, 12 November 2009. Usual London Lite Promotional Rules apply (see and click on WIN). The Editors decision is final. The promoter is London Lite, 2 Derry Street, London W8 5TT. If you arent one of our lucky winners, you can still enjoy the fun as tickets for the match are on sale now from or by calling 0844 847 2482 priced from 10 for adults and 5 for U16s. Kick off is 7.45pm. WIN A VIP EVENING AT WEMBLEY AND WATCH SARACENS V SOUTH AFRICA Inbrief New owners for BSM... again l BRITAINS biggest driving school is to have its fourth owner in four years. The managing directors of the British School of Motoring -- Abu-Haris Shafi and Nikolai Kesting -- are buying the business for 10million, a fraction of the 36million German private equity house Arques paid in February . BSM was bought by Aviva in 2005 as part of the RAC motoring group. Australia Dollars 1.7134 Canada Dollars 1.6991 Denmark Kroner 7.9234 Eurozone Euro 1.0681 Hong Kong Dollars 12.3200 Japan Yen 143.7900 New Zealand Dollars 2.1155 South Africa Rand 11.6300 Sweden Kronor 11.0300 Switzerland Francs 1.6101 UAE Dirham 5.7728 United States Dollars 1.5995 TouriST raTeS UP 21.42 at 5256.62 fTSe 100 dow joNeS Nikkei -$ UP 203.52 at 10,226.94 UP 61.74 at 9870.73 DOWN 1.06c at $1.6654 z Barclays set to bank a record 11 billion profitReward: the divi is restored at 1p but finance chief Chris Lucas refused to commit on size of a full-year payout BY NICK GOODWAY AND JONAthAN PrYNN BARCLAYS is on track for a record profit of 11 billion this year as Brit- ains shattered banking system emerges from recession. In addition, the High Street lender also announced the return of divi- dends -- an interim payment of 1p -- to shareholders, just a year after axing them at the height of the credit crunch which almost destroyed the UK banking system. Finance director Chris Lucas said that this should not be taken as any kind of indication of how much it will pay out for the full year. But it will be nothing like the 34p a share paid in 2007 or even the 11.5p shareholders received in the first half of last year until Barclays put a stop to its payouts. The bank, which avoided having to be propped up by the Government in last autumns financial firestorm, said underlying profits more than doubled in the first nine months of the year to 4.41 billion. Barclays is by far Britains most profitable bank -- in stark contrast to crippled rivals Royal Bank of Scotland and Lloyds, both partly owned by the taxpayer, which will make major losses this year. Its huge profits were driven by the success of its investment banking business Barclays Capital, which took over the US business of Lehman Brothers just over a year ago. High Street and business banking profits fell by more than 900 million to 2.2 billion as bad debts across the group soared by 65% in the first nine months. Bad debts improved slightly in the third quarter with an average rate of 1.36% in the latest three months against 1.44% in the first half. Hotel giant hit by downturn l INTeRCoNTINeNTAl Hotels Group, the worlds largest hotelier, said today that sales in the three months to the end of September were down 19% to $401 million (241 million) and profits fell 19% to $124 million, from holidaymakers cutting trips short and business travellers trading down. But chief executive Andrew Cosslett said he is optimistic for the medium term. imperial gets a woman boss l AlISoN Cooper was today named as the next boss of Imperial Tobacco, becoming only the fifth woman to head a FTSe company. Cooper, 43, has been with the group since 1999. Imperial Tobacco, maker of lambert & Butler, today beat City forecasts with an 18% rise in full-year earnings. Profit rose 39% to 2.23 billion and the full- year dividend is raised 16% to 73p. Voda to double cuts to 2 billion l VodAFoNe, the worlds biggest mobile phone company, today doubled its cost-cutting target to 2 billion over the next two years as it fights stiff competition and falling call costs. Chief executive Vittorio Colao said his original target of 1 billion cost cuts by 2010 would be reached in this year, so he set a goal for a further 1 billion in savings by 2012. >>for all the latest City share prices, call 0905 817 1694* or visit * Calls cost 75p/min from a BT landline & last approx 1 min per quote. Not all stocks are available index.html2.html3.html4.html5.html6.html7.html8.html9.html10.html11.html12.html13.html14.html15.html16.html17.html18.html19.html20.html21.html22.html23.html24.html25.html26.html27.html28.html29.html30.html31.html32.html33.html34.html35.html36.html37.html38.html39.html40.html41.html42.html43.html