ANALYST VIEWS | HOW WAS ASHMORE’S UPDATE? July 12, 2012 STUART DUNCAN PEEL HUNT Net outflows in the final quarter were $600m, disappointing but indicative of the market conditions that prevailed. We expect to reduce forecasts, but we still consider that Ashmore offers long-term structural growth and therefore we retain our Buy recommendation. HALEY TAM CITI Assets under management [are] three per cent below our [...]
BOEING SECURES $15BN UNITED ORDER July 12, 2012 US PLANE maker United Continental yesterday unveiled what it described as a “historic order” to buy 150 Boeing planes in a deal valued at $14.7bn (£9.7bn). United Continental, the holding company that owns United Airlines, the world’s largest carrier, said it will begin taking delivery of the 737 MAX 9 planes in 2018.
Peugot’s woes show dire state of EU industry July 12, 2012 EUROPE’S battered manufacturers could be about to embark on a major series of restructurings and layoffs, analysts warned as Peugeot Citroen announced plans to close one factory and scale down operations at another. The French government has pledged to keep the plants open and stop the plan which would see 8,000 jobs cut. But the [...]
Eurozone banks flee from ECB’s new zero per cent deposit rate July 12, 2012 BANKS responded immediately to the European Central Bank’s (ECB) decision to slash its deposit rate to zero, with hundreds of billions of euros now kept in current accounts, not the deposit facility on Wednesday night – the first day of the lower rate. ECB data showed €325bn (£257bn) was held in the facility, down from [...]
Troika give thumbs up to Ireland but IMF finds holes in Greek plan July 12, 2012 THE SO-CALLED Troika of international bailout providers yesterday gave Ireland a relatively clean bill of health after conducting a nine day long review mission in the Eurozone state. Despite “challenging macroeconomic conditions”, Ireland’s policies remain on track following the bailout supplied by the Troika, which comprises the International Monetary Fund (IMF), EU and European Central [...]
HAGUE REVEALS AUDIT OF BRUSSELS’ POWERS July 12, 2012 FOREIGN secretary William Hague announced yesterday that the government will run a “comprehensive audit” examining the impact of EU laws on the UK. The audit is set for completion in 2014, yet Labour argued in parliament that a quicker examination was needed, given the evolving relationship among EU states within and outside of the Eurozone. [...]
Terry prepares for D-Day in race row case July 12, 2012 FORMER England captain John Terry will learn today whether he has been found guilty of what was yesterday termed “straightforward racial abuse” of QPR footballer Anton Ferdinand during a match last year. A week-long trial and months of claim and counter-claim, which have already seen Terry stripped of the national armband and Fabio Capello resign [...]
Chisora: Anger towards Haye has been simmering for a year July 12, 2012 EXCLUSIVE BRITISH heavyweight Dereck Chisora has revealed that his bitter rivalry with David Haye began well before their February press conference brawl and that he has not yet forgiven him for the cancellation of his fight with world champion Wladimir Klitschko. Chisora was last year scheduled to challenge Klitschko in Germany on 30 April before [...]
Clarke chasing form as he aims to defend title July 12, 2012 OPEN champion Darren Clarke admits he is desperately short of his most formidable form as he prepares to defend his title at Royal Lytham next week. Ulsterman Clarke was a hugely popular but unexpected victor 12 months ago at Royal St George’s, winning the first Major of his career aged 42, but has made just [...]
Those who deal with the Open’s pressure will secure victory July 12, 2012 I’M really looking forward to the Open – it’s a great event. It’s actually my second favourite in golf, and Royal Lytham’s a very good course. It’s looking like it’s going to be a cracker. Royal Lytham is tight and short. There’s more emphasis on hitting fairways and greens than, for example, somewhere like St [...]
