Barca still chasing Fabregas May 31, 2010 BARCELONA president Joan Laporte says he is still trying to sign Cesc Fabregas this summer – but admits he faces a tough job to lure him from Arsenal. “We are working on it,” Laporte said. “We will try to achieve his signature and if we don’t get there with time, at least we will have [...]
Banks to be hit with bigger bill for FSA May 28, 2010 MAJOR banks must dig deeper into their pockets over the coming year to pay for tougher supervision, the Financial Services Authority has said. The FSA is wholly funded from levies on financial firms and said its annual bill for 2010-11 will jump ten per cent to £454.7m though 60 per cent of firms will actually [...]
City shake-up to get more women in boardrooms May 28, 2010 A shake-up of City firms in which more women will be put in boardrooms, will be undertaken as part of a review of corporate governance. The Financial Reporting Council said it wanted to “explicitly” ensure hiring committees took gender and diversity into account. Only 12 per cent of FTSE 100 directors are women and seven [...]
Shell to buy East Resources for £3.2bn May 28, 2010 ROYAL Dutch Shell has agreed to buy US natural gas explorer East Resources for £3.2bn. The cash offer was made to East Resources and its private equity investor Kohlberg Kravis Roberts (KKR). East Resources holds more than 650,000 acres in the Marcellus shale – a rock formation in the US which is believed to have [...]
Travis Perkins in £553m offer for BSS May 28, 2010 BUILDERS merchant Travis Perkins said it has made an £553m offer for plumbing and heating company BSS Group. The firms said in a joint statement they were in advanced discussions regarding a cash and shares offer from Travis Perkins that values each BSS share at 433 pence. Travis Perkins said its indicative offer comprises 232.91 [...]
BP oil disaster bill hits $930m May 28, 2010 BP has admitted that its ongoing battle to stem the flow of oil into the Gulf has so far cost it $930m (£638m). The company said that its latest attempt to stop the massive leak is not guaranteed to succeed because of the difficult deepwater conditions in which the operation is being carried out. Up [...]
F&C joins rebellion against Pru deal May 28, 2010 PRUDENTIAL investor F&C Asset Management has joined the rebellion against the insurer’s plans to buy AIA. The £100bn management house has told Prudential it will vote against the $35bn (£24.6bn) bid for AIG’s Asian arm at the crucial shareholder meeting on 7 June. In a statement F&C said it did not object to Prudential’s strategy [...]
Ton-up Trott gives England edge at Lord’s May 27, 2010 JONATHAN TROTT admits his career Test best score was borne out of fear of being dropped from the England side. The Warwickshire batsman gave the selectors food for thought with a superb unbeaten 175 on day one of the first Test against Bangladesh at Lord’s. And he shared an unbroken century partnership with Test debutant [...]
Frustrated Murray sees off Chela amid the Parisian rain May 27, 2010 ANDY MURRAY feared his rain-affected second round clash would go into a third day before he finally got the better of Juan Ignacio Chela and the Paris weather to waltz into the third round of the French Open. Frustrated Murray was forced to resume his match midway through yesterday and survived the loss of the [...]
Jose targets Gerrard, Cole and Lampard May 27, 2010 JOSE MOURINHO has revealed his blueprint for success at Real Madrid – and hinted at moves for England trio Steven Gerrard, Frank Lampard and Ashley Cole. Mourinho is poised to be named Real manager as soon as he has negotiated his departure from Inter Milan, who he led to Champions League glory on Saturday. The [...]
