Sugar for Mayor? July 4, 2008 If you thought the last London Mayoral elections were farcical, just wait for the next lot. Boris Johnson has only been in office for a matter of weeks, yet there is already speculation about who Labour might put up against the gaffe-prone oaf in May 2012. Two-term incumbent Ken Livingstone, who Johnson dethroned this year, [...]
Phoenix to rise to the occasion July 4, 2008 Tomorrow’s Coral-Eclipse looks an ultra competitive contest with no superstar entries like in the last two seasons, but two horses who look the type to have a very good second half of the season. Phoenix Tower is definitely the form pick with a very good second at Royal Ascot to Duke of Marmalade, while Mount [...]
Cash in on volatile financial markets July 4, 2008 More tips on how to succeed in financial betting At the core of speculation on the financial markets is a single premise – your opinion that the market will ‘do something’. The simple, fixed risk nature of fixed odds financial betting is such that you can never lose more than your stake, but has the [...]
Federer wary of Safin threat as he goes in search of title number six July 4, 2008 Roger Federer admits he is wary of semi-final opponent Marat Safin, describing the Russian’s lowly ranking as “ridiculous”. Safin is ranked as low as 75th in the world but has discovered the best grass court form of his career after beating No3 seed Novak Djokovic on route to a place in the last four. And [...]
Take Safin to start well, but be Fed up July 4, 2008 It’s easy to predict that Roger Federer will beat Marat Safin in the Wimbledon semi-final today, and is all set to clash with Rafa Nadal in the final. But there might still be some value out there if you look for it. Looking at the semi-final between Federer and Russian maverick Safin, better have an [...]
M&S readies for investor protest vote July 4, 2008 Four large investors in Marks & Spencers are planning to vote against the retailer’s annual report and accounts at its annual meeting next week over concerns about Sir Stuart Rose’s dual role as executive chairman and chief executive. Three pension schemes – The Universities Superannuation Scheme, Railpen and APG, and the Co-operative Insurance Society, who [...]
Debts boost for Galliford helps shares July 4, 2008 Housebuilder and construction firm Galliford Try surprised the City yesterday, saying it had been able to slash its debt to less than £5m, sending its shares up 14 per cent by the close of trading. The figure fell well below analyst expectations, with predictions that the firm, which operates in the public and private sector, [...]
City rides to the £400m rescue of B&B July 4, 2008 Bradford & Bingley said last night its underwriters and other City institutions will back its £400m fundraising despite a dramatic decision by American private equity firm TPG to walk away from a deal after rating agency Moody’s cut the bank’s credit status. The move comes after Moody’s cut the cash-strapped bank’s rating to Baa1, giving [...]
McFall in oil probe July 4, 2008 Concern over the rising price of oil – which yesterday hit a new record of $146 a barrel – has prompted the powerful Treasury select committee to hold its first ever hearing into the regulation of the oil markets. The committee, which is chaired by Labour MP John McFall, will hold the hearing in mid-July [...]
Rights issue flop knocks housebuilder July 3, 2008 The future of housebuilder Taylor Wimpey was in doubt yesterday as the beleaguered group failed to raise £500m of capital from investors, causing the value of the company to halve. Britain’s largest builder issued an intensely gloomy statement, saying it was slashing 900 jobs, it was not buying any more land, and admitted it was [...]
