Rooney’s on a revenge mission to claim title and silence Arsenal fans May 14, 2009 WAYNE ROONEY will be gunning for revenge at Old Trafford tomorrow – to end seven years of hurt. The England striker has called on his Manchester United team-mates to finish the job and earn the single point required against arch-rivals Arsenal to clinch an 11th Premier League title. To win the title in front of [...]
Lehman’s remaining assets set to rise from ashes as a spin off is considered May 14, 2009 LEHMAN Brothers Holdings, which filed for bankruptcy last September, is now looking at spinning off its remaining assets. The assets, which include real-estate and private-equity holdings held in its Legacy Asset Management unit, are believed to currently be valued at around $45bn, but which at non-distressed prices could fetch up to $400bn according to internal [...]
Japan’s MUFG abandons plan to snap up NikkoCiti May 14, 2009 JAPAN’S largest bank Mitsubishi UFG (MUFG) yesterday walked away from a $262m (£172m) deal to buy Citigroup’s trust bank NikkoCiti. An unlisted unit of the bank called Mitsubishi UFJ Trust said in December that it was prepared to snap up the unit, but the transaction was called off after rival Sumitomo Mitsui beat MUFG to [...]
THE INSIDER May 14, 2009 According to the forecasts, there’s going to be quite a bit of rain at Newbury before the start of the Lockinge Stakes. If that’s the case then a number of horses can enter the equation for this interesting Group 1 renewal. Paco Boy would have been my first choice after his convincing display at Sandown [...]
CITY GIVES ITS VERDICT ON MPS’ FINDINGS May 14, 2009 CREDIT RATING AGENCIES“We remain deeply concerned by the conflict of interests faced by credit rating agencies and have seen little evidence of the industry tackling this problem with any sense of urgency. It is worrying that markets appear to have used credit rating agencies for more than they were designed to do.” AUDITORS“We note that [...]
BOLLYWOOD HIT BY MUMBAI TERROR ATTACKS May 14, 2009 BOLLYWOOD film investment firm Indian Film Company yesterday issued a profit warning for the full year after it was hit by the global economic downturn and the terror attacks in Mumbai. The firm said its film Dil Kabaddi had failed to perform well at the box office after being released a week after the attacks, [...]
Bonus cut for Railway chief May 14, 2009 NETWORK RAIL chief executive Iain Coucher has given up his annual bonus, he announced yesterday, saying he didn’t want his pay to overshadow the company’s performance. But Coucher will still be paid his annual long-term bonus, which is based on how well the company has done over the past three years. The decision comes ahead [...]
No relief for Kesa Electricals as sales continue to decline May 14, 2009 Kesa Electricals, Europe’s third-biggest electrical goods retailer, yesterday reported sales declining faster in the first four months of 2009 than at the end of last year but said annual profit met expectations. Kesa, which owns Comet, said it held a strong cash position but forecast 2009-10 would be another “challenging year.” The group also said [...]
CITY VIEWS: DO YOU THINK THE FURY OVER BONUSES HAS GONE TOO FAR? May 14, 2009 WILL MCCANN HALLIWELLS SOLICITORS “It’s a bit unfair to expect bonuses to be returned. Where do you stop the catchment of blame? Is it just within the Square Mile or are we meant to shoot down in flames anyone in a position of responsibility?” NEIL SADLER CHARTWELL“I’d love to see all bonuses handed back [...]
Pru’s M&G in sales boom on bond bonanza May 14, 2009 A MASSIVE increase in demand for corporate bonds has allowed M&G, the asset management arm of insurance group Prudential, to notch up record levels of investment into its fund range. Prudential’s results for the first quarter showed M&G saw gross fund inflows of £4.4bn thanks mostly to a tide of investment away from current accounts, [...]
