Kauto can beat Denman and Star for a third time March 18, 2010 THE talking is nearly over. At around 3.30pm this afternoon, we will know who will have won the 2010 totesport Gold Cup. Will Kauto Star, probably the best chaser since Arkle, land his third Gold Cup or will Denman pick himself up from the canvas and reclaim the crown he won in 2008? I know [...]
IN-RUNNING TRADING HINTS March 18, 2010 Betdaq are only charging 2% commission on all winning bets placed in-running during all UK and Irish races, so make sure you log on and trade your positions this afternoon on the final day of the Cheltenham Festival. The Gold Cup looks to be an intriguing in-running contest and all eyes will be on Denman [...]
LAWYERS MAKE A KILLING IN COURT SPAT March 18, 2010 YESTERDAY saw sighs of contentment all round at inter-dealer broker Tullett Prebon, as judge Justice Jack ruled in its favour after almost a year of wrangling with rival BGC about a staff poaching operation. Though of course, after seven months of advisory work and a trial lasting the best part of four months, it’s the [...]
CITY EYE March 18, 2010 FANCY headgear was out in force yesterday on the third day of this year’s Cheltenham Festival, Ladies’ Day. The splashes of colour over the racecourse grounds marked a change from the usual dress code at Cheltenham, which is characterised for the rest of the week by traditional tweeds and more casual clothing.
Prudential chief shuns Société Générale role March 18, 2010 PRUDENTIAL chief executive Tidjane Thiam has said he won’t join the board of French bank Société Générale. The U-turn came after some investors questioned his plans to take the job as the Prudential is in the middle of a massive takeover deal for the Asian arm of US insurer American international Group for $35.5bn. Société [...]
Nissan to build electric fleet in UK March 18, 2010 NISSAN will begin building the Leaf electric compact car at its Sunderland plant from early 2013, securing hundreds of jobs. The site will start with annual production capacity 50,000 of the zero-emission vehicles. The investment is backed by a £20.7m government grant and up to £220m from the European Investment Bank. Nissan’s move is part [...]
Public borrowing lower than forecasts March 18, 2010 BRITAIN’S public sector borrowing rose to its highest for a February on record but by less than economists had forecast, according to official figures. The Office for National Statistics (ONS) said that net borrowing was £12.361bn – below forecasts of £14.75bn. Meanwhile tax receipts rose by 3.6 per cent – the largest jump since April [...]
Co-op profits surge after Somerfield deal March 18, 2010 THE Co-operative group is to pay a bumper dividend after its profits jumped 85 per cent in 2009. Buying Somerfield helped the Co-op record a £402m profit while revenues surged by almost a third. Dividends totalling £55m will be dished out to its members as a result of the profits hike. The group merged its [...]
Savills profits dive but London market rebounds March 18, 2010 PROPERTY agent Savills has seen profit plummet by almost a quarter and predicted more turbulence in the market this year. Pre-tax underlying profit in 2009 was £25.2m compared with £33.2m a year earlier, despite a slight improvement in the fourth quarter fuelled by the London residential property market. Chief executive Jeremy Helsby said: “Notwithstanding the [...]
City: cut deficit sooner not later March 17, 2010 THE NEXT government should start cutting public spending later this year, rather than waiting until 2011, according to our panel of City and business professionals. Seventy-seven per cent of panelists said spending should start to be cut shortly after the May general election, amid worries over the UK’s yawning £178bn budget deficit and exploding national [...]