Hull fans’ vote is “meaningless” April 7, 2014 FOOTBALL: Hull fans’ group City Till We Die yesterday branded a vote in favour of changing the club’s name as “meaningless”. Season-ticket holders were asked to vote “yes to Hull Tigers with the Allam family continuing to lead the club” or “no to Hull Tigers”. Of the 5,874 that voted, 2,565 approved the change, 2,517 [...]
Ill Cavendish to miss third race April 7, 2014 CYCLING: Britain’s Mark Cavendish is to miss his third consecutive race due to flu, having pulled out of tomorrow’s Grand Prix de l’Escaut in Belgium. Team Sky’s Richie Porte will be absent from next month’s Giro d’Italia in order to concentrate on preparation for the Tour de France.
New deals for Root and Onions April 7, 2014 CRICKET: England batsman Joe Root yesterday signed a contract extension to stay with Yorkshire until 2016. The 23-year-old is currently sidelined with a fractured thumb. Bowler Graham Onions, meanwhile, has signed a new two-year contract with County Champions Durham.
Top bondholder group will back Punch debt plan April 7, 2014 INDEBTED pub chain Punch Taverns has finally secured support from bondholders for its plan to push back any upcoming default and extend the window of negotiations for restructuring its £2.3bn debt. Senior bondholders said they would support the extension until 29 August in order to agree a restructuring of the debt by the end of [...]
Quindell and RAC launch £100m scheme for black boxes in cars April 7, 2014 BLACK boxes could soon be used to revolutionise the vehicle insurance industry in the UK according to a new joint venture by Quindell and the RAC which analysts say could be worth up to £1bn. RAC said it plans to sell the socalled telematic tracking devices, similar to the black boxes used in aircraft, to [...]
HTC’s losses widen as flagship smartphone attracts slim sales April 7, 2014 TAIWANESE smartphone firm HTC reported a wider than expected first-quarter loss as its flagship smartphones continue to attract modest sales. Despite the rave reviews that HTC’s recent devices have received, the company posted a 22.6 per cent drop in revenues to 33.12bn Taiwanese dollars (£659m). “The company expects to see positive trajectory of its revenue [...]
Strong results for meat supplier Cranswick as pig rearing grows April 7, 2014 SAUSAGE maker Cranswick has bucked tough conditions in the grocery market and record pig prices to post strong fourth quarter results yesterday. The FTSE 250 firm, which supplies supermarkets including Sainsbury’s with upmarket sausages and cooked meats, said underlying sales excluding acquisitions were up 12 per cent in the year to 31 March. Analysts forecast [...]
Tullow Oil increases credit facility April 7, 2014 FTSE 100 energy explorer Tullow Oil yesterday said it has refinanced its $500m (£300m) revolving credit facility and increased the size to $750m. It has also extended the offering’s maturity until April 2017, replacing the previous facility which was due to expire in November 2014. Bank of America Merrill Lynch, BNP Paribas, Credit Agricole, HSBC, [...]
BAE wins artillery shells contract April 7, 2014 Defence giant BAE Systems has been awarded a £16.8m contract to produce illuminating artillery shells for the Ministry of Defence. The FTSE 100-listed company said that production starts immediately, with final assembly taking place in Sweden. Upon completion of this two-year contract, BAE Systems will have delivered more than 60,000 rounds of the 105mm white [...]
Kentz awarded Australia gas deal April 7, 2014 Kentz, the engineering firm, yesterday said that its Australian subsidiary has won a $570m (£343m) contract from the Ichthys liquefied natural gas project in Darwin, Australia. The FTSE 250 company said the 30-month contract, which starts in August, will provide more than 1,200 construction jobs. “This award…further strengthens our position in the Australian LNG market,” [...]
