Home hero Murray all set for tilt at history June 22, 2009 ANDY MURRAY begins his quest today to become the first British man to win the Wimbledon singles title since Fred Perry in 1936 – and the Scot says he is ready. The 22-year-old starts the tournament as second favourite behind five-time winner Roger Federer, following the withdrawal of reigning champion Rafael Nadal. World No3 Murray’s [...]
Owen hot property but frosty on foreign suitors June 22, 2009 NEWCASTLE striker Michael Owen insists he has had no shortage of inquiries from clubs at home and abroad interested in signing him on a free transfer this summer. Owen said yesterday he expects to leave St James’ Park when his contract expires in the next few weeks, and would prefer to join another outfit in [...]
World Bank dashes hopes of a recovery June 22, 2009 HOPES of a global recovery were dealt a blow yesterday after the World Bank slashed its 2009 growth forecasts and said the burden of bank restructuring will hinder recovery in developed nations. The Bank said the US economy will shrink by three per cent this year and the eurozone by 4.5 per cent, compared to [...]
YELL WARNS ON DEBT June 22, 2009 SHARES in Yell Group, which recently appointed ex-Merrill Lynch man Bob Wigley as chairman, slumped nearly 14 per cent to 25.5p yesterday after the directories publisher warned that a nine per cent dip in earnings would force it to renegotiate its debt covenants for a second time.
CITY VIEWS: DO YOU AGREE THAT WE’RE NOT OUT OF THE WOODS YET ? June 22, 2009 ANDY HEARN BANNERMAN RENDELL“I don’t think we are over the worst of it yet. There is still not a lot of public confidence. Unemployment continues to weigh on peoples’ minds and while there are still job cuts I don’t think we can begin to say we’re near a recovery.” CHARLES RAWLINS ACE INSURANCE“I think this [...]
IRC to launch 2.1m cash call June 22, 2009 Piccolino owner, the Individual Restaurant Company (IRC), is to raise £2.1m through a share offering to pay down debt. The restaurant and bar grill chain will give investors the opportunity to subscribe for 4.1 shares for every 10 existing ones. The AIM-listed chain said the fundraising would help reduce its borrowings and may enable it [...]
MPs to quiz Turner on bank break-ups June 22, 2009 FINANCIAL Services Authority chairman Lord Adair Turner will be grilled by MPs today on whether banks should be broken up to ensure they are less systemically risky. Turner will give evidence to the Treasury committee on his vision of the future of regulation, with the size of UK banks likely to feature highly. A committee [...]
US to start trade war with China June 22, 2009 US Trade Representative Ron Kirk is expected to launch a WTO case against China today when he holds what his office called a major news conference regarding US-China trade. Kirk’s office have given no details. But industry sources said they expected the United States and the European Union would both announce a World Trade Organisation [...]
The Economist helped by cuts June 22, 2009 The Economist Group said yesterday that a cost-cutting programme had helped it realise full year pre-tax profit growth of 19 per cent to £56m, but forecast a challenging year ahead as lower advertising and sponsorship revenues continue to decline. The publisher of The Economist said in its annual report that it reduced its headcount by [...]
Boston Globe close to a deal June 22, 2009 The Boston Globe was last night close to agreement from its unions on a proposal that would cut over $10m (£6.1m) from staff packages to help save the troubled US newspaper.
