Farepak customers to get 50p in £1 July 10, 2012 Customers of defunct Christmas savings firm Farepak will receive half of any money they lost when the firm collapsed, its liquidators said yesterday. BDO confirmed that payments to those that lost money will be made in August, with funds coming from a combination of an £8m payment from bank Lloyds, and a contribution from the [...]
CITY MOVES | WHO’S SWITCHING JOBS July 10, 2012 Argonaut Capital Partners The fund management firm has appointed John Lester as partner and head of distribution. He joins from Neptune Investment Management, where he was head of strategic partnerships. Lester was previously associate director at HSBC Asset Management. HSBC Patrick Boucher has been appointed global head of product management, equity research at the banking [...]
BEST of the BROKERS July 10, 2012 SSE Investec has upped its target price to 1479p from 1226p and upgraded SSE to “buy” from “hold” following an “upbeat” capital markets day last month and prospects of improved profit growth. WPP JP Morgan Cazenove has upgraded the communications giant, to “overweight” from “neutral” as it believes management changes at its market research arm [...]
Firmer performances by financial stocks lift FTSE as volumes stay thin July 10, 2012 A RECOVERY in beaten-down financial stocks pushed Britain’s benchmark share index higher yesterday, although volumes were thin, indicating a lack of conviction in the rally due to fears over the Eurozone debt crisis and the weak global economy. The blue-chip FTSE 100 index closed up 0.7 per cent, or 36.74 points, at 5,664.07 points, recovering [...]
US technology stocks drive down markets July 10, 2012 U S stocks fell for a fourth day yesterday as more pessimism from American companies compounded worries the sluggish world economy is taking a toll on US profit growth. A sales warning from engine maker Cummins came on top of earlier weak forecasts from chipmakers Applied Materials and Advanced Micro Devices, causing the market to [...]
I’ve been stitched up, says Terry July 10, 2012 FORMER England captain John Terry yesterday said he had been “stitched up right and proper” by allegations of racial abuse, as he took to the witness box for the first time in his high-profile criminal trial. Terry denied he had “snapped” and called Anton Ferdinand a “f****** black c***” in response to being taunted by [...]
England seal 4-0 win over visiting Australia July 10, 2012 ENGLAND may have needed a Duckworth-Lewis target of 138 runs from 29 overs because of the rain, but last night little else threatened to prevent them strolling to a seven-wicket win over Australia to complete a successful 4-0 series victory. An impressive stand of 92 between captain Alastair Cook and Ravi Bopara sealed the result [...]
Redknapp in the reckoning for Russia role July 10, 2012 FORMER Tottenham, Portsmouth and West Ham manager Harry Redknapp is, alongside Fabio Capello, among those being considered for the vacant Russia job as the Russia Football Union accelerates its search to replace Dick Advocaat. Redknapp has been available since last month being sacked by Tottenham and replaced by Andre Villas-Boas but has regardless sufficiently impressed [...]
Froome aims to follow Wiggins Tour success July 10, 2012 BRITAIN’S Chris Froome is confident in his ability to in future win the Tour de France but insists his present priority is to ensure compatriot Bradley Wiggins is this year’s victor. “I’d like to win the Tour one day but it doesn’t necessarily have to be this year,” said Froome (left). “My priority is to [...]
Webber signs for extra Red Bull year July 10, 2012 RED Bull driver Mark Webber has signed a new one-year contract with the Formula One team to end speculation of a transfer to Ferrari. Webber will now continue to partner world champion Sebastian Vettel, of Germany, until 2013. “I’ve been with Red Bull Racing since 2007 and have achieved nine grand prix wins during that [...]
