Xstrata to launch £1bn bond issue November 4, 2011 Anglo-Swiss miner Xstrata said it was set to sell $3bn (£1bn) worth of bonds and planned to use the proceeds to repay debt and for general corporate purposes. The FTSE 100 company said on Friday that it planned to launch $3bn worth of notes in four tranches with maturities of 3 years, 5 years, 10 [...]
Anglo American to buy De Beers stake for £3bn November 4, 2011 Global miner Anglo American has agreed to buy the Oppenheimer family’s stake in diamond miner De Beers for $5.1bn (£3.1bn) in cash, taking its ownership of the diamond miner to up to 85 per cent, it said. Anglo has long been speculated to be considering a deal to increase its stake in unlisted De Beers, [...]
IAG to acquire bmi November 4, 2011 International Airlines Group is to buy Lufthansa’s British unit bmi to boost growth prospects at its Heathrow hub at a time when airline profits are falling due to higher fuel costs. The announcement came as IAG reported a 31 per cent fall in third-quarter profit, better than expected and outperforming peers, with analysts expecting a [...]
RBS profits up but warns over more pain to come November 4, 2011 Royal Bank of Scotland has posted pre-tax profits of £2bn in the three months to 30 September, compared with a loss of £1.6bn in the same period last year. RBS followed the likes of Barclays and Morgan Stanley in benefiting from a debt accounting gain, which boosted its earnings by £2.3bn and helped offset lower [...]
Eurozone’s growing crisis threatens to derail UK’s coalition November 4, 2011 WHAT a tale of incompetence, mad chutzpah, bullying and stupidity. The tragi-comedy that is the Eurozone’s crisis, and especially the farcical going-ons in Greece, ought at some point to be turned into a Hollywood movie. All the ingredients are present for a blockbuster, from cartoonish figures such as Nicolas Sarkozy or Silvio Berlusconi to the [...]
Spot-fixing trial opens old wounds for Swann November 3, 2011 But England spinner hopes guilty verdicts result in better relations between Pakistan and England ENGLAND spinner Graeme Swann insists he is perfectly happy to face Pakistan this winter but admits the outcome of the spot-fixing trial opened up some old wounds. Salman Butt, Mohammad Asif and Mohammad Amir were last night beginning jail sentences after [...]
Imprisoned Pakistan cricket cheats bring ‘shame’ on a nation November 3, 2011 FORMER Pakistan captain Salman Butt and team-mates Mohammad Asif and Mohammad Amir were last night beginning jail sentences for their part in the spot-fixing scandal which has tainted the “image and integrity of cricket”. Teenager Amir will be detained for six months in a young offenders institution, while Butt, 27, has been jailed for 30 [...]
NATCHO, NATCHO MAN: Spurs sunk in Russia November 3, 2011 RUBIN KAZAN (1) vs TOTTENHAM (0) TOTTENHAM defender Sebastien Bassong apologised for his mistake which cost his side a vital Europa League point in the absence of his recovering manager Harry Redknapp. The Spurs chief returned home after being released from hospital last night following minor heart surgery on Wednesday. But Redknapp’s spirits would not [...]
Johnson at the double for Jol’s men November 3, 2011 FULHAM (4) vs WISLA KRAKOW (1) FULHAM’S Europa league specialist Andrew Johnson struck twice to hand Martin Jol’s side a comprehensive victory that puts the Cottagers within touching distance of qualification for the next round. Damien Duff got the home side off to a flying start with a goal in the fifth minute, but the [...]
Ramsey follows Bale in Welsh push for GB 2012 November 3, 2011 ARSENAL midfielder Aaron Ramsey hopes he and several of his Welsh team-mates will be permitted to represent Team GB at the 2012 Olympics in London. The Football Association of Wales, along with their Scottish and Northern Irish counterparts, are opposed to their players appearing for Stuart Pearce’s side as they fear that it will threaten [...]
