Firms hold back on investment as they worry about recovery August 21, 2012 BUSINESS leaders are highly sceptical about the possibility of a recovery coming soon, and are postponing investment decisions as a result, a poll from the Institute of Directors revealed today. Almost two thirds of those polled believe there is low or zero probability of the UK climbing out of its slump during 2012 – and [...]
Heritage Oil calls off plans for rights issue August 21, 2012 HERITAGE Oil has cancelled its $370m (£235m) rights issue to fund its expansion into Nigeria, as it announced yesterday it is to sell a 26 per cent stake in a gas block to Tony Hayward’s Genel Energy. The London-listed oil explorer will sell part of the Miran Block, in the volatile Kurdistan region of Iraq, [...]
Orange and T-Mobile given 4G all-clear as new network born August 21, 2012 EVERYTHING Everywhere, the parent company of Orange and T-Mobile, yesterday won a significant victory as it received approval on plans to launch Britain’s first high-speed mobile data network. It will be able to bring the 4G service to the UK from 11 September, handing Everything Everywhere a head start on rival networks, after Ofcom freed [...]
NHS hospitals told to make money abroad August 21, 2012 LEADING NHS hospitals will be encouraged to launch profit-making ventures abroad to help subsidise services in the UK, the government said yesterday. A new organisation, backed by the department of health and UK trade and investment, will seek to link prominent British hospitals – possibly including Royal Marsden and Great Ormond Street – with foreign governments who [...]
Advisers JP Morgan Cazenove August 21, 2012 JP Morgan Cazenove is acting as a financial adviser for Heritage during the sale of its stake in Miran Block to Genel Energy. It has worked with Heritage since its IPO back in 2008. Barry Weir, James Taylor and Neil Haycock are the lead advisers on the deal. Weir, who heads the natural resources team [...]
Making up with Strauss won’t get KP a recall August 21, 2012 ENGLAND coach Andy Flower has warned out-of-favour star Kevin Pietersen that making peace with captain Andrew Strauss may not be enough to earn him a recall to the national team. Pietersen’s pariah status was underlined yesterday when he was left out of the 15-man squad for next month’s World Twenty20 in Sri Lanka, despite being [...]
Forget No1, England face battle to be No2 August 21, 2012 ANY remaining euphoria associated with being the world’s top Test team seeped away this week when England ceded that status to South Africa. A first home series defeat since 2008 followed two difficult tours and adds to the pressure on Andrew Strauss to raise their game again. What lies ahead, however, is a frankly difficult [...]
Adebayor arrives at Spurs as transfer window comes to life August 21, 2012 TOTTENHAM yesterday confirmed the £5m signing of Emmanuel Adebayor, the exit of Sebastien Bassong, and are considering a £5.5m offer from Queens Park Rangers for defender Michael Dawson. Negotiations surrounding Adebayor’s transfer from Manchester City had been as steady as those surrounding the ongoing exit of midfielder Luka Modric to Real Madrid, but if there [...]
Hazard can be the new Zola August 21, 2012 CHELSEA manager Roberto Di Matteo believes £32m summer signing Eden Hazard has the ability to become the inspirational Gianfranco Zola figure of his ambitious, modern side. The European champions tonight welcome Reading to Stamford Bridge in what is likely to be Hazard’s second Premier League start and though conceding it is perhaps too early to [...]
Ainslie targets Rio 2016 to add to olympics sailing medal haul August 21, 2012 Four-time Olympic gold medallist Ben Ainslie is set to compete at the 2016 Games in Rio de Janeiro, Brazil, after initially saying that London 2012 may have been his last. “I’d love to be in Rio if it’s possible,” he said. “I’d like to be involved in the next Games.”
