Warren Buffett and 3G in $28bn offer for Heinz February 14, 2013 Warren Buffett and 3G will buy iconic ketchup maker Heinz in a deal worth $28bn (£18bn). Buffett’s investment vehicle Berkshire Hathaway and 3G will pay $72.50 per share of the iconic company – famous for its ketchup and baked beans – marking a 19 per cent premium to the stock’s previous all-time high. Heinz hailed [...]
Amec weighs on FTSE February 14, 2013 The FTSE 100 edged down this morning as oil engineer Amec weighed heavily on the index. Shares in the engineer lost more than 5.5 per cent in early trading, despite it posting an 11 per cent hike in annual earnings this morning, enabling it to pledge a 20 per cent increase in its dividend. “In [...]
French and German economies contract in final quarter February 14, 2013 The French and German economies both shrank in the final quarter of 2012, preliminary data showed this morning. The German economy contracted more than at any time since the height of the financial crisis, shrinking 0.6 per cent on a seasonally-adjusted basis and worse than forecast. The Statistics Office said weaker foreign trade – exports [...]
Rio Tinto plunges to $3bn full-year loss February 14, 2013 Rio Tinto chief executive Sam Walsh promised to cut costs and spend capital more carefully, as the miner slumped to a full-year loss of $3bn (£1.9bn). Walsh, who was appointed chief executive as former boss Tom Albanese resigned on a $14.4bn write-down on failed acquisitions, said the company would have an “unrelenting focus” on pursuing [...]
Profit leaps at Rolls-Royce February 14, 2013 Pre-tax profit at engine maker Rolls-Royce jumped by almost a quarter last year to £1.4bn, it announced this morning. The 24 per cent leap in full-year profit was driven by growth its civil aerospace unit and a strong performance at Tognum, its marine and industrial engine joint venture with Daimler. Revenues came in eight per [...]
It’s United’s to lose now, insists Ferguson February 13, 2013 REAL MADRID 1 vs MANCHESTER UNITED 1 MANCHESTER United boss Sir Alex Ferguson believes his team have one foot in the Champions League quarter-finals after they held Real Madrid at the Bernabeu last night. Danny Welbeck headed the visitors in front with 20 minutes played in the last 16, first leg tie, but United old [...]
Evans and De Gea make case for the defence February 13, 2013 PEOPLE like to criticise him because he is not a big name, but Jonny Evans showed last night he has the character to stand up and be counted in Manchester United’s biggest games. The centre-back was strong and played an important role in organising an excellent defensive display against a talented Real Madrid attack that [...]
Benitez ready to offer goal shy Torres a helping hand in attack February 13, 2013 CHELSEA manager Rafael Benitez is preparing to deploy winger Victor Moses as an emergency striker to ease the burden on misfiring forward Fernando Torres. Nigeria international Moses returned triumphant from the Africa Cup of Nations this week and will miss tonight’s Europa League round of 32, first leg game at Sparta Prague. But Benitez has [...]
Prove you belong in European elite, Villas-Boas urges Spurs February 13, 2013 TOTTENHAM manager Andre Villas-Boas believes tonight’s Europa League clash with Lyon will be a perfect test of his team’s Champions League credentials. Lyon’s appearance in this year’s Europa League ends 13 consecutive seasons of playing Champions League football. And Villas-Boas, whose Spurs side currently occupy fourth place in the Premier League, feels the French giants [...]
Six Nations turns sour for Ireland as Healy is found guilty of stamp February 13, 2013 PROP Cian Healy will miss Ireland’s next two RBS Six Nations fixtures after being found guilty of stamping on England’s Dan Cole during their 12-6 defeat in Dublin on Sunday. The 25-year-old trod on Cole’s ankle in the 14th minute of the match at the Aviva Stadium after an Ireland maul collapsed, though match referee [...]
