Let battle commence again August 10, 2009 THE fantastic battle between Tiger Woods and Padraig Harrington at Firestone on Sunday night whets the appetite for what promises to be an intriguing US PGA Championship this week. I’m fast running out of superlatives to describe Tiger Woods – the statistics speak from themselves. This was his seventh Bridgestone victory – a Tour record [...]
Harrington: Rivalry with Tiger only just beginning August 10, 2009 IRELAND’S Padraig Harrington insists he has already put his triple-bogey heartbreak behind him as he turns his attention to this week’s US PGA Championship. Harrington was one shot clear and heading for his first win of the season at the WGC Bridgestone Invitational in Ohio on Sunday when disaster struck at the 16th hole. The [...]
Venture capitalists in search of women to back August 10, 2009 IN HER 1995 movie, Something to Talk About, Julia Roberts’ character stands up in a local women’s society meeting in the American South somewhere, and shouts across the room: “Is there anyone else here who has slept with my husband and would like to tell me about it?” Classic Julia – getting “it” all out [...]
Hedge funds gain in July August 10, 2009 THE HEDGE fund industry made further gains in July but was unable to outperform equities, according to two pieces of research out yesterday. The Hennessee Hedge Fund index (HHF) advanced by 3.37 per cent during the month, compared to a 7.41 per cent gain on the Standard & Poor’s, an 8.58 per cent rise on [...]
TORPEDO CONTRACT LAUNCHED August 10, 2009 BAE SYSTEMS won a £370m 10-year contract yesterday to develop torpedoes for the Royal Navy and Royal Air Force.BAE said the deal will help to secure 120 jobs at its Portsmouth plant. The contract includes heavyweight, submarine-launched Spearfish torpedoes, as well as lightweight Sting Ray anti-submarine torpedoes which are carried on board ships, helicopters and [...]
HEADHUNT IS ON FOR DISGRACED EX-BANKERS August 10, 2009 SOME in the City might be surprised by Sir Fred Goodwin’s decision to re-enter the business world, as revealed on the front page of City A.M. today, but it seems headhunters will be rubbing their hands with glee. Take former HBOS chief Andy Hornby, who was also strung up by the public for his role [...]
Mallett predicts return to prosperity for art market despite widening losses August 10, 2009 MALLETT, the Bond Street antique furniture and art dealership, yesterday said pre-tax losses for the first half of the year widened almost threefold, but said it was poised to benefit as more of its rivals succumbed to the economic turbulence. The group reported a pre-tax loss of £0.82m for the six months to the end [...]
COWDERY WINS HIS FIGHT FOR FRIENDS August 10, 2009 WEEKS of price negotiations, multiple public rejections and fierce criticism of his fee structure and corporate governance finally paid off for Clive Cowdery yesterday, as his buyout vehicle clinched the support of Friends Provident for his £1.85bn bid. Cowdery is now set to gain control of the 177-year old life insurer, after Friends’ board said [...]
Investors unimpressed by downbeat update from care firm Southern Cross August 10, 2009 EARNINGS at care home group Southern Cross fell nine per cent in its third quarter, the firm said yesterday, after room occupancy dipped 2.3 per cent. The group posted adjusted earnings before interest, tax, depreciation and amortisation (ebitda) of £22.4m, against £24.4m a year earlier, on revenue of £254.8m, up 3.7 per cent. The company [...]
GOODWIN DREAMS OF COMEBACK ROLE August 10, 2009 SIR Fred Goodwin will start his hunt for a new business role when he returns to his £3m Edinburgh home later this month, City A.M. can reveal. The disgraced former Royal Bank of Scotland chief executive is looking at re-entering the charity sector, after his six-year tenure as chairman of the Prince’s Trust came to [...]
