Bristly Redknapp may be starting to feel pressure September 15, 2010 HARRY Redknapp seems to be getting a bit bristly in his old age. The Tottenham manager objected to the notion that his side’s failure to hold onto a two-goal lead at Werder Bremen on Tuesday suggested they had lessons to learn about the Champions League. That’s silly. Make no mistake, Spurs will view the result [...]
It’s easy pickings for Real boss Jose, as Milan and Bayern also cruise through September 15, 2010 JOSE MOURINHO got off to a winning start in the opening match of his Champions League defence after guiding Real Madrid to a comfortable 2-0 win over Ajax at the Bernabeu. The former Chelsea chief, who won the title with Inter last season to add to his success with Porto in 2004, looked on as [...]
Hodgson slams Torres criticism September 15, 2010 LIVERPOOL manager Roy Hodgson has hit back at criticism of Fernando Torres and dismissed claims the striker does not want to be at the club. Torres was singled out for flak after Sunday’s 0-0 draw with Birmingham, with suggestions his form is related to possible regret at staying at Anfield. “He certainly isn’t fed up,” [...]
New EU rules on short sales trade in myth September 15, 2010 The European Union’s new proposals on short selling address a practice that supposedly contributed to recent financial crises. But there is still too much misunderstanding of short selling, and these wide new powers bring dangers of their own. It is easy to point the finger of blame at those who borrow shares they believe will [...]
ANALYST VIEWS: WHAT DO YOU THINK OF THE NEW REGULATIONS? September 15, 2010 FOLAKE SHASANYA | DIRECTOR AFME “We welcome the proposals to help increase transparency and reduce credit and operational risk in the market. But more work will be needed to analyse whether these proposals could help mitigate systemic risk.” JAMES COILEY| PARTNER AT ASHURST Although the text of the proposal is balanced, it permits national regulators [...]
ENRC faces legal action September 15, 2010 First Quantum Minerals is suing units of Eurasian Natural Resources Corp which bought rights to Kolwezi, a disputed copper project, after Democratic Republic of Congo withdrew First Quantum’s licence. First Quantum will also inititate international arbitration proceedings shortly over Frontier, a second project in the DRC, as the miner fights for the return of assets [...]
Priory looks healthy for buyout bids September 15, 2010 HANDFUL of buyout firms are understood to be submitting indicative bids for mental-health specialist the Priory Group, which seller Royal Bank of Scotland (RBS) hopes could fetch about £1bn. Advent International, Bain Capital, Blackstone and Cinven were all thought to be planning to submit non-binding bids by yesterday’s deadline. The Carlyle Group and KKR are [...]
Terra Firma case set for fraud trial September 15, 2010 GUY Hands, the founder of private equity group Terra Firma, was yesterday granted permission by a judge in New York to sue US bank Citigroup for fraud over his £4bn acquisition of the record label EMI. Hands alleges Citigroup misled him into believing there was another bidder for the troubled record label during the auction [...]
Deutsche Telekom chief faced with probe September 15, 2010 Deutsche Telekom said its chief executive Rene Obermann is the only top company official among the eight people facing investigation in a suspected bribery case in its eastern Europe operations. In a show of support however, the company started negotiations this month with Obermann to extend his contract, which expires in November 2011, according to [...]
Greece rejects debt doubts September 15, 2010 GREECE’S finance minister has strongly rejected the idea the country will be forced to restructure its debts, saying that a default would break the eurozone. On a two-day visit to London, Paris and Frankfurt to convince investors Greece is beginning to recover from its economic crisis, George Papaconstantinou told the Financial Times a Greek default [...]
