Knight Vinke builds up a stake in Kesa June 28, 2010 Activist investor Knight Vinke has bought a three per cent stake in electrical retailer Kesa. The move sent shares up nearly two per cent, amid speculation the investor may push for the group to be broken up. Knight Vinke is known for its activist tendencies, having demanded changes at firms including HSBC, Royal Dutch Shell, [...]
Our problems lie deeper than knee-jerk reactions June 28, 2010 THE Football Association has not always been correct in its decision-making in the past, but its response to the criticism of Fabio Capello after a dismal World Cup campaign is common sense prevailing. It would have easy to make a rash decision in the heat of the moment after England’s woeful display against the Germans, [...]
Le Monde staff vote for Lazard-led offer June 28, 2010 A CONSORTIUM led by Lazard banker Matthieu Pigasse looks set to take control of iconic French newspaper Le Monde. Staff at the firm overwhelmingly backed an ownership bid from the trio of left-leaning tycoons, which also includes internet entrepreneur Xavier Niel and the former business partner of late fashion designer Yves Saint Laurent. The vote [...]
Robben is back on song as Dutch glide into last eight June 28, 2010 HOLLAND (2) v/s SLOVAKIA (1) COACH Bert van Marwijk hailed Arjen Robben after the fit-again winger capped his first start of the tournament with the goal that set Holland on their way to the quarter-finals. Robben’s fine individual strike and a simple second for Wesley Sneijder secured the Dutch a last-eight clash with Brazil, despite [...]
Uni pension fund to vote on changes June 28, 2010 BRITAIN’S second-largest private retirement scheme – which pays pensions to university staff ??– could be forced to cut benefits and shift away from equities as it tackles a huge deficit. Next week, a University Superannuation Scheme (USS) committee will try to decide between two proposals to address a deficit which stood at £17bn as of [...]
Unite to delay strike ballot on new BA offer June 28, 2010 UNITE has decided to postpone balloting British Airways (BA) cabin crew on another potential strike after the trade union said that it will give members time to consider a new offer made by the airline. A third strike ballot was expected yesterday, but an offer made by BA management last week caused Unite to delay [...]
Spurs boss Redknapp admits interest in top job June 28, 2010 TOTTENHAM manager Harry Redknapp has thrown his hat into the ring to succeed Fabio Capello, declaring he would find it impossible to turn down the England job. Redknapp is the bookmakers’ favourite to take the reins if the Football Association decides to dispense with the Italian following a disastrous World Cup. “Until he’s not the [...]
Angola expensive for ex-pats June 28, 2010 Luanda in Angola is the most expensive place in the world for foreigners to live, says research by consultants Mercer. London is the 17th most expensive city for expatriates, while Belfast is one of the cheapest. It is the first time an African city has topped the survey, which measures 214 cities on the price [...]
Fifa evade technology debate June 28, 2010 FIFA remains defiant in its decision to oppose goal-line technology, despite even Prime Minister David Cameron adding to calls for it to be introduced. Cameron joined the debate after Frank Lampard was denied a goal in Sunday’s 4-1 defeat by Germany when the ball had clearly crossed the line. Fifa blocked any further experiments with [...]
Real sign £20m Di Maria June 28, 2010 ARGENTINA winger Angel di Maria has sealed a £20m switch from Benfica to Real Madrid. The Spanish club confirmed the transfer last night, making him the first arrival since Jose Mourinho was appointed manager. Di Maria, 22, spent three years in Portugal and won the player of the year award last season as Benfica scooped [...]
