Irish off to a World Cup flier November 26, 2009 GOLF: Ireland’s Rory McIlroy and Graeme McDowell fired a 14-under-par round 58 to lead the Omega Mission Hills World Cup after the first-round fourballs. The Irish pair fired 12 birdies and an eagle to lie three shots ahead of Argentine duo Rafa Echenique and Tano Goya in Shenzhen, China. England’s Ian Poulter and Ross Fisher [...]
Worsley out for eight weeks November 26, 2009 RUGBY UNION: England flanker Joe Worsley is facing a race to be fit for the Six Nations campaign after being ruled out for at least eight weeks after injuring his knee against New Zealand at Twickenham on Saturday. Scans revealed the Wasps star suffered medial ligament damage after limping off in the first minute of [...]
Denman leads Hennessy field November 26, 2009 RACING: Star chaser Denman heads a field of 21 for tomorrow’s prestigious Hennessy Gold Cup at Newbury. Paul Nicholls’ charge stunned everyone by taking this prize two years ago off top weight, but faces an even bigger task this time round off a mark 13lb higher. Ruby Walsh takes the saddle with Denman’s Cheltenham Gold [...]
Concern over Dubai’s debts takes toll on Britain’s shares November 26, 2009 Britain’s top shares ended at a three-week closing low yesterday, pressured by hefty falls in the banking sector as concerns over Dubai’s ability to pay its debts took a toll on confidence. The FTSE 100 ended down 3.2 per cent, or 170.68 points, at 5,194.13, its lowest close since November 6, and losses on the [...]
European shares in 3.3 per cent slump November 26, 2009 European shares slipped 3.3 per cent yesterday to record their biggest one-day percentage drop in seven months as concerns about debt problems in Dubai weighed on the market, with banks the major fallers. The pan-European FTSEurofirst 300 index of top shares closed down 33.81 points at 988.14 – its lowest close in three weeks. “The [...]
Hitachi eyes up France’s TGV November 26, 2009 JAPANESE train manufacturer Hitachi is expected to bid against the French-built TGV in its home country for a rolling stock contract in a move that would target the world’s biggest rail market. The Tokyo-based manufacturer of the 186 mph (300 kph) Bullet Train is expected to offer the latest Shinkansen-series model in a bid to [...]
BHPchairman says talks with Rio are still on track November 26, 2009 DON ARGUS, chairman at mining giant BHP Billiton, said yesterday the company’s proposed iron ore tie-up with Rio Tinto was progressing and dismissed suggestions talks could fall apart. At the group’s annual meeting in Australia he said he was optimistic because “while we believe the global recovery will be sluggish, we also continue to believe [...]
Tata expects improvement for next year November 26, 2009 TATA Steel posted a second consecutive consolidated quarterly net loss yesterday, but the world’s eighth biggest steelmaker by output said it expects a sharp improvement in the second half of the fiscal year to March on reviving demand. Corus, Tata’s European unit, has struggled as the global downturn has hit demand from key industries such [...]
GM CUTS LUTON JOBS November 26, 2009 GENERAL MOTORS (GM) is slashing 354 jobs at its Vauxhall plant in Luton, the car giant said yesterday, in the latest stage of its restructuring since emerging from bankruptcy. Vauxhall employs 5,000 people in the UK at the Luton and Ellesmere Port plants. The Ellesmere plant that makes the Astra will see production increase, meaning [...]
GIP gets EU approval for Gatwick November 26, 2009 Private equity fund Global Infrastructure Partners, controlled by Credit Suisse and General Electric, won permission from the European Commission yesterday to buy London’s Gatwick Airport. Spain’s Grupo Ferrovial, under pressure to reduce its dominance of UK airports, has agreed to sell Gatwick for a smaller-than-expected £1.51bn. The Commission, the executive arm of the 27-nation European [...]
