Wenger has spare cash, say Arsenal February 27, 2012 ARSENAL chief executive Ivan Gazidis insists manager Arsene Wenger does have money to spend, after confirming a £49.5m pre-tax profit for the six months ending 30 November. Wenger did not buy in January, despite a summer profit of £63m on sales of stars such as Cesc Fabregas and Samir Nasri, and a small increase in [...]
BOA unveil scarf in bid to raise funds for Team GB February 27, 2012 A RED, white and blue scarf was last night unveiled by British Olympic chiefs as this summer’s must-have item for fans wanting to show their support for Team GB athletes. The scarf (right), described as “an iconic momento of the London Games”, has been launched with a view to generating around £5m to fund the [...]
Fulham set to complete shock Diarra swoop February 27, 2012 FULHAM manager Martin Jol is poised to complete a surprise swoop for former Real Madrid midfielder Mahamadou Diarra who has agreed a contract with the west London club until the end of the season. The combative 30-year-old, who cost the Spanish giants £22m when he signed from Lyon in 2006, will join the mid-table Premier [...]
Bent a doubt for Euro 2012 February 27, 2012 FOOTBALL: England striker Darren Bent is a major doubt for the summer’s European Championship after it was confirmed he has suffered ankle ligament damage. Aston Villa’s record signing hurt the joint on Saturday against Wigan and will need up to three months to recover.
Essex sign Aussie Siddle February 27, 2012 CRICKET: Fast bowler Peter Siddle will play for Essex in the Friends Life t20 this summer, subject to clearance from Cricket Australia. Siddle becomes Essex’s second overseas signing of the season after South Africa opening batsman Alviro Petersen agreed a deal last week.
FTSE slips as oil price fears take toll February 27, 2012 THE FTSE edged down in early trading as surging oil prices cast a shadow over global growth and a G20 meeting failed to provide reassurance about international help to crisis-struck Europe. Rising tensions between Iran and the West are triggering rapid oil price rises as supply fears grow. Brent Crude marginally dropped in price this [...]
Primark fuels AB Foods profits February 27, 2012 Primark-owner Associated British Foods expects growth in its half year profits to be driven by its discount fashion chain, which has gained as under-pressure British shoppers seek out bargain prices, and by a strong performance from sugar. Western European shoppers have cut back on spending as unemployment has risen and wage rises stagnate, but Primark [...]
Essar posts earnings drop February 27, 2012 India-focused refiner and power generator Essar Energy said core earnings fell 10 per cent in 2011, falling short of analyst forecasts due to weaker refining margins and depreciation of the Rupee in the second half of the year. The company posted full-year earnings before interest, tax, depreciation and amortisation (EBITDA) of $624.8m. That compared with [...]
HSBC profits up 15pc on Asia growth February 27, 2012 HSBC just missed analysts’ expectations with a near $22bn (£13bn) profit last year, which marked the biggest profit among western banks thanks to its strength in Asia and other emerging markets. Profits at its investment bank were down 24 percent on 2010 at $7 billion, hurt as the euro zone debt crisis slowed capital markets [...]
Roche won’t up Illumina bid price February 27, 2012 Swiss drugmaker Roche extended its $5.7bn (£3.5bn) hostile bid for Illumina in a widely expected move as it seeks to boost its position in the gene sequencing market. But analysts say Roche, which has a history of success with such hostile deals, may ultimately have to raise its $44.50 per share bid to around $60 [...]
