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BBC may sell slice of £1bn Worldwide BBC executives are considering the part- privatisation of the corporation's lucrative commercial arm, BBC Worldwide, as part of a wide-ranging review, the director general, Mark Thompson, has told the Guardian.Among the options under consideration is a stockmarket listing of the business, which had annual revenues of about £1bn last year. BBC Worldwide sells the rights to popular shows such as Strictly Come Dancing to international buyers.'One of the things we should look at over this period is whether 100% ownership of Worldwide is essential going forward,' Thompson said.If the BBC decides to go ahead with a part-privatisation, investors could buy shares while the corporation would keep control of the commercial arm, which also publishes magazines and licenses merchandise from popular programmes such as Top Gear. It would be the first significant privatisation for years and comes amid pressure on the BBC from both sides of parliament to share the benefits of its guaranteed licence fee GuardianUnder-fire BBC may sell slice of £1bn Worldwide division BBC executives are considering the part- privatisation of the corporation's lucrative commercial arm, BBC Worldwide, as part of a wide-ranging review, the director general, Mark Thompson, has told the Guardian.Among the options under consideration is a stockmarket listing of the business, which had annual revenues of about £1bn last year. BBC Worldwide sells the rights to popular shows such as Strictly Come Dancing to international buyers.'One of the things we should look at over this period is whether 100% ownership of Worldwide is essential going forward,' Thompson said.If the BBC decides to go ahead with a part-privatisation, investors could buy shares while the corporation would keep control of the commercial arm, which also publishes magazines and licenses merchandise from popular programmes such as Top Gear. It would be the first significant privatisation for years and comes amid pressure on the BBC from both sides of parliament to share the benefits of its guaranteed licence fee GuardianLate in, first out - The Economist Brazil is the first Latin american country to emerge from recession Brazil is the first Latin American country to emerge from recession—and one of the earliest among the G-20 countries to have done so—following a 1.9% quarter-on-quarter expansion in economic activity in the April-to-June period. Whereas the global environment remains difficult and the export sector therefore continues to struggle, the strength of domestic demand has propelled the economy to the start of a recovery. The second-quarter rebound came after two consecutive quarters of shrinkage (1% in the first three months of 2009 and 3.4% in the last three months of 2008), which had put Brazil into a technical recession. This relatively short recession was the first ... NewsRackFour children ill after E coli outbreak Godstone farm closed after 36 people contract virulent strain of vomiting bug and four children are seriously ill in hospitalHealth officials have warned that more children could fall sick from one of the largest outbreaks of E coli in the UK at a farm in Surrey.The health Protection Agency, which monitors infectious diseases, said today it could not rule out the possibility of more children who recently visited Godstone farm becoming ill due to the vomiting bug's delayed incubation period.At least 36 people have fallen sick due to the outbreak, with 12 children aged between 18 months and 10 years being treated after contracting the bug.Four children remain seriously ill in hospital, of whom three are being treated in isolation at East Surrey hospital in Redhill. They all have complications arising from an infection that can lead to kidney failure, especially in the young.Those infected have E coli O157, a particularly unpleasant strain which first appeared in Britain in the 1980s, and GuardianPersonal Finance: Stars may not shine in all cycles They are the stars in one of the toughest periods in stock market history - the seven mutual funds that made the most money for investors between the end of the 2000-02 bear market and what is hoped to be the end of the most recent bear market, March 9. The Philadelphia InquirerSuzuki Saudi H1 sales up 5% Suzuki Saudia, Saudi Arabia's sole distributor of Suzuki vehicles and a subsidiary of Bamarouf Group, has reported a 5% growth in sales and an 8% revenue increase for the first half of 2009, Saudi Gazette has reported. The Suzuki SX4 five-door sedan had led the first half sales, with a 27% growth over 2008 for the same period. The Swift compact car came second at 15%, followed by the Grand Vitara at 5%, the firm has said. AMEInternational General Insurance Holdings reports first half 2009 results UAE. The Group announces net earnings of US$11.1 million for the period compared to US$6.4 million in the first half of 2008. Business Intelligence Middle EastOur credit scores are slipping - Miami Herald The number of people who were late making their mortgage payments shot up 53 percent in the fourth quarter of 2008 from the same period in 2007, according to data provided by TransUnion. Florida cont... Big News Network |
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