Italian bond sale sees record yields November 25, 2011 Italy has managed to sell all €8bn (£6.85bn) of the six-month government debt it offered at auction, but at almost twice the rate of its previous sale. The country was forced to offer 6.50 per cent interest on its bonds, up from 3.53 per cent in October, a record for this length of bond in [...]
FTSE slump continues as Germany digs in November 25, 2011 THE FTSE 100 continued to fall this morning as Germany’s refusal to agree to a common Eurozone bond to shore up the bloc’s finances further drained investor confidence. London’s blue chip index posted its ninth successive day of falls yesterday and has dropped 7.5 per cent in the period – the longest losing streak since [...]
Blacks Leisure issues profit warning November 25, 2011 outdoor goods retailer Blacks Leisure said it expected full-year results to be below expectations after trading conditions weakened further in the last few weeks. “The group is experiencing lower than expected sales and has been taking action to manage margins in order to drive sales,” it said. Blacks reiterated that it required additional funding. It [...]
Shore Capital admits it may suffer full year loss November 25, 2011 Shore Capital, one of Britain’s smaller investment banks, said it could make a loss for 2011 due to the tough market conditions and a writedown on its holding in Puma Hotels which has been embroiled in a dispute with a Spanish group. Both bulge-bracket and smaller, boutique investment banks have been hit by the market [...]
Becker: Scrap unfair tax or more stars will shun UK November 24, 2011 FORMER Wimbledon champion Boris Becker has called on the government to scrap “unfair” tax laws for foreign players, or risk more of the world’s top sportsmen boycotting British events. Tennis star Rafael Nadal has already cancelled his annual appearances at Queen’s Club in protest at the controversial levy, while Olympic sprint champion Usian Bolt has [...]
Chelsea lean toward move to Battersea November 24, 2011 CHELSEA have moved a step closer to relocating to Battersea power station after confirming they have appointed property developers and architects to draw up plans for the site. The Premier League club have appointed Mike Hussey, the former Land Securities director and current chief executive of Centre Point owners Almacantar, as their development partner and [...]
RFU ‘at rock bottom’ after Twickileaks November 24, 2011 EMBATTLED Rugby Football Union chief Rob Andrew has again steadfastly refused to consider tendering his resignation, despite admitting the sport has hit “rock bottom” as a result of the damaging Twickileaks scandal. Three confidential reports into England’s dismal World Cup campaign were leaked into the public domain earlier this week which revealed the level of [...]
Power play sees Tsonga overcome tired Nadal November 24, 2011 FRANCE’S Jo-Wilfried Tsonga confirmed his place among the sport’s elite with an epic three-set win over Rafael Nadal to seal a spot in the semi-finals of the Barclays ATP World Tour Finals. Tsonga was in inspirational form as he beat Nadal for only the third time in his career, recovering from the blow of having [...]
Ryan’s the man to take on national job November 24, 2011 IT’S been a week of intense preparation as we get ready to host league leaders Bristol on Sunday (2pm kick off, Richmond Athletic Ground). Our result against London Welsh last weekend was very disappointing for the squad; to claw our way into the lead against a very good Welsh side with only seconds remaining was [...]
ECB sign £50m Investec deal November 24, 2011 THE COFFERS of the England and Wales Cricket board will be boosted to the tune of £50m over the course of the next 10 years after they agreed a record breaking sponsorship deal with Investec. The blue chip bank ended their 12-year association with the Rugby Football Union in June and have turned their attentions [...]
