Whistler track ‘too fast’ April 19, 2010 WINTER OLYMPICS: Luge officials have admitted that the Whistler track which claimed the life of Georgian Nodar Kumaritashvili at the 2010 Olympics was faster than it was designed to be. But an FIL report said that “no single reason” could account for his death.
Silvestre raps complacent, lazy Arsenal April 19, 2010 ARSENAL defender Mikael Silvestre has admitted laziness and complacency were to blame for their spectacular capitulation at Wigan on Sunday. The Gunners conceded three goals in the last 10 minutes as their Premier League title hopes went from slim to none at the DW Stadium. Silvestre admits he and his team-mates thought they had the [...]
Deloitte surprised by lack of administrations in 2010 April 19, 2010 AGGRESSIVE cost cutting and improved cash management by firms last year has seen the number of businesses falling into administration in 2010 drop. Research by the business advisory firm showed that 555 administrations were recorded in quarter one 2010, a significant improvement on the 1,028 companies in the same period last year. Deloitte said it [...]
Alliance Trust to launch bond fund as assets grow April 19, 2010 Investment firm Alliance Trust will launch its first fixed income product later this year and diversify equity exposure towards Asia while western growth appears fragile, its chief executive said yesterday. Katherine Garrett-Cox said the FTSE 100 company will capitalise on investors’ appetite for income products by launching a mainly UK-focused corporate bond fund in the [...]
Irish Nationwide losses rise tenfold April 19, 2010 IRISH Nationwide Building Society (INBS) yesterday said its loss widened tenfold in 2009 due to a jump in bad loan provisions and it was unlikely to agree soon with EBS Building Society on a merger. INBS and nationalised Anglo Irish Bank have become the two lenders with proportionally the biggest exposures to Ireland’s property market [...]
Cottagers and Reds games to go ahead April 19, 2010 FULHAM and Liverpool have been told their Europa League ties in Germany and Spain will go ahead this week despite continuing travel chaos caused by volcanic ash. Roy Hodgson’s Fulham are scheduled to face Hamburg in the first leg of their semi-final on Thursday, while Liverpool are expected to visit Atletico Madrid on the same [...]
Soros: we must help Greece April 19, 2010 Greece needs help to beat its crisis and there is a risk it will fall into a “death circle” of recession and falling budget revenue if its borrowing costs stay high, financier George Soros said yesterday. He said the spike in Greek bond spreads – the premium investors pay to buy Greek debt instead of [...]
Newcastle victory seals title and cheers Ashley April 19, 2010 NEWCASTLE United clinched the Championship title with a 2-0 win at Plymouth on a night of mixed emotions at Home Park. First-half goals from striker Andy Carroll and winger Wayne Routledge sealed a victory that prompted jubilant away fans to invade the pitch at the final whistle. The Plymouth faithful were anything but celebratory, however, [...]
Unilever puts Italian firm on block April 19, 2010 Consumer goods giant Unilever is set to put its Italian frozen foods unit up for sale next week with private equity groups Permira and Lion Capital likely to lead the €600m plus (£527.6m) auction, sources close to the situation said yesterday. Permira, which owns Birds Eye Iglo, and Lion Capital which runs Findus Group are [...]
Novartis buys Oriel Therapeutics April 19, 2010 Swiss drugmaker Novartis has bought privately held US company Oriel Therapeutics to boost its generics portfolio in the multibillion-dollar market for respiratory drugs. The move suggests the Swiss drugmaker may see a simpler route to market with Oriel’s electronic inhaler device than with another device from Britain’s Vectura Group.
