Kcell IPO fully covered ahead of subscription deadline December 11, 2012 Kazakhstan-based mobile telecoms group Kcell has its book largely covered ahead of closing on its London float later today, according to sources close to the situation. It is understood orders are flooding in from Kazakhstan, with the possibility that the book could be oversubscribed. The news will provide a welcome boost to London’s struggling market [...]
Three arrested in Libor probe December 11, 2012 Three British men have been arrested by the Serious Fraud Office in connection with the investigation into Libor manipulation. The men, aged 33, 41 and 47, were arrested at residential addresses in Essex and Surrey. They are the first people to be arrested in connection to the alleged manipulation of borrowing rates in London. Martin [...]
FTSE flat as Tullow Oil sinks December 11, 2012 The blue chip index was broadly flat in early trading this morning, as explorer Tullow Oil, which this morning said it was to acquire a Norwegian exploration company and dispose of its North Sea operations, dropped almost five per cent. Miners ENRC and Kazakhmys dropped 2.64 per cent and 1.86 per cent respectively on the [...]
Forever young: The scientists trying to cheat death December 11, 2012 Since our species became self aware, it has dreamed of cheating death and ensnaring eternal youth. Life extension experts think it's possible
Ashtead posts record first-half profit December 11, 2012 Industrial equipment hire firm Ashtead today posted record first-half profit of £141m this morning, as it lifted profit expectations for the full year. First-half profit for Ashtead, which makes 85 per cent of its revenue from US arm Sunbelt, was up 64 per cent from £84m over the same period last year. Revenue over the [...]
Costa coffee boosts Whitbread sales December 11, 2012 Coffee chain Costa continued to boost hotel and restaurant group Whitbread, as the group this morning posted a 3.3 per cent rise in third quarter sales. The coffee brand reported UK like for like sales up 7.1 per cent over the 13 weeks to November, compared to 6.8 per cent growth in the first half. [...]
Diageo ends talks on Cuervo tequila December 11, 2012 Drinks maker Diageo this morning announced that long-running discussions between it and the Jose Cuervo tequila brand have ended. The talks, which have been in the offing for more than a year, had been widely expected to result in a deal for the world’s number one tequila brand. A short statement from the FTSE 100 [...]
Heathrow passenger traffic up 3.1 per cent year on year in November December 11, 2012 London airport Heathrow this morning posted a 3.1 per cent jump year on year in traffic figures in November, as 5.4m passengers passed through the airport over the month. Heathrow reported that its load factor – showing how full the average flight was – came in at 72.8 per cent. Passenger numbers to Europe were [...]
Outcry at calls for netting to protect players December 10, 2012 FOOTBALL supporters’ chiefs last night rejected calls for netting to be erected at stadia to prevent repeats of the Rio Ferdinand coin incident that marred Sunday’s Manchester derby. Manchester United defender Ferdinand suffered a gash above the eye when a missile hit him as he celebrated the visitors’ late winner at Manchester City’s Etihad Stadium. [...]
Wenger fears shoot-out in Bradford clash December 10, 2012 ARSENAL manager Arsene Wenger is desperate to avoid a penalty shoot-out in tonight’s Capital One Cup quarter-final trip to Bradford. The League Two side have won seven straight shoot-outs while the Gunners have not won at Bradford for 90 years, most recently drawing 1-1 at Valley Parade in 2000. “We have to win the game [...]
