Southern Cross investor update July 10, 2011 Debt-laden care home Southern Cross will this week give investors an up-date on its recovery plan, with Sky News reporting yesterday that it may wind itself up or put itself into run-off mode.. Southern Cross, which recently asked its landlords to take a cut in rents, refused to comment on the report, which added that [...]
BEST OF THE BROKERS July 10, 2011 Bovis Simon Brown, analyst at Northland Capital, says shares in home builder Bovis are a “buy” due to higher margin land. The broker rates shares in the company at 449p per share. Since the downturn, Bovis has acquired more land and has succeeded in bringing land through planning, which has boosted the margin potential at [...]
ROTHSCHILD COURTS OLIGARCHS UNDER £1M MONTENEGRO SKIES July 10, 2011 BIG BUSINESS came to Montenegro this weekend, lured by the £1m fortieth birthday celebrations for Nat Rothschild, the billionaire scion of the Rothschild banking dynasty. Peter Mandelson, Russian investor Oleg Deripaska and Chelsea owner Roman Abramovich were among the 300 oligarchs and mining magnates who flew to “the St Tropez of the Adriatic” for the [...]
Car crash overshadows Sanchez’s stage victory July 10, 2011 TEAM Sky’s Juan Antonio Flecha and Vacansoleil’s Johnny Hoogerland were fortunate not to suffer serious injury when they were wiped out by a television vehicle as an incident-packed Tour de France suffered further casualties on stage nine in the Massif Central. Rabobank’s Luis Leon Sanchez won the 208-kilometre ninth stage from Issoire to Saint-Flour, with [...]
Boasson Hagen shows the Sky really is the limit July 7, 2011 EDVALD BOASSON HAGEN claimed Team Sky’s first Tour de France stage success in torrential rain in Normandy. Another punishing day in the saddle saw the riders take on the 2011 Tour’s longest stage, the 226.5-kilometres from Dinan to Lisieux. And Norwegian Boasson Hagen (right) accelerated off the wheel of team-mate Geraint Thomas to triumph ahead [...]
END OF THE WORLD July 7, 2011 ■ Murdoch closes best-selling tabloid in desperate bid to save rest of his empire ■ Bid for BSkyB hangs in balance as Hunt delays decision until September RUPERT MURDOCH abruptly ended his 42 year ownership of the News of the World yesterday, killing off the iconic brand in a desperate bid to save the rest [...]
Murdoch bid for Sky is still in the balance July 7, 2011 MURDOCH’S bid for BSkyB was hanging in the balance last night, despite his bombshell decision to close the flagship News of the World. A Sky director told City A.M. the two sides are “miles away from any decision on price” because the situation “is changing so quickly”. Culture Minister Jeremy Hunt has been forced to [...]
England hope to swing in the rain July 7, 2011 Tomorrow – 10.45 am, Sky Sports THE reliability of rainfall and changeable weather during the English summer does have its plus points. Well, for the England cricket team it does at least. It helped them to a 10-wicket victory over Sri Lanka on Wednesday. The conditions at Trent Bridge enabled the Three Lions bowling department [...]
NEWS CORP FEARS DELAY TO SKY BID July 6, 2011 NEWS Corp bosses yesterday feared they may be forced to delay the firm’s multi billion pound bid for BSkyB, as the toxic political and commercial fallout of the phone hacking scandal continued to gather pace. Bankers close to the deal told City A.M. that negotiations have ground to a halt while both sides consider the [...]
HSBC PLAYS MUSICAL CHAIRS IN M&A ROLES July 6, 2011 CHANGE at the top at HSBC. The Capitalist has learned that rising star Maged Latif, who joined the bank from Goldman Sachs two years ago, has been fast-tracked from deputy head of M&A to co-head of global financial institutions group (FIG) advisory. Latif, who made his mark advising the government on taking Northern Rock into [...]