Deng stars in maiden British win September 4, 2011 Chicago Bulls star Luol Deng plundered 31 points as Great Britain claimed their first ever EuroBasket finals win, beating Portugal 85-73. Earlier defeats to hosts Lithuania, Turkey and Spain had already condemned Britain to elimination at the group stage.
FINAL FLOURISH: SUPER SURREY REACH LORD’S SHOWPIECE September 4, 2011 SURREY booked their place in the final of the CB40 against Somerset later this month at Lord’s after a crushing 77-run win over Sussex. In a match that was reduced to 24 overs a-side Surrey made 228 for 7 seven with Tom Maynard (left) making 60 from 30 balls. In reply, the visitors were bowled [...]
US shares plunge as job creation falls to zero September 2, 2011 US stocks have slumped on renewed fears for the economy’s prospects after grim employment data showed zero job creation in the 400m-strong country in August. Official non-farm payroll data showed the US economy added no net new jobs in August, far below analyst expectations for an extra 70,000 jobs. The news sent the Dow down [...]
Construction activity weakest since December September 2, 2011 Construction activity expanded last month at its weakest pace since December due to a slowdown in orders and output growth, as well as a less positive outlook, a survey of purchasing managers showed. The Markit/CIPS construction PMI fell in line with economists’ expectations to 52.6 in August from 53.5 in July, still above the 50-mark [...]
Barcap poaches Morgan Stanley banker September 2, 2011 Barclays Capital (Barcap) has poached Andrew Richards from Morgan Stanley in Europe to head the bank’s private equity coverage in Asia Pacific, two sources told Reuters. Richards, who will be a managing director at Barcap, is expected to fill a position that has been vacant since Takumi Tanaka, a former Lehman and Nomura banker, left [...]
John Lewis sales lifted by back to school gear September 2, 2011 John Lewis posted a rise in weekly sales, boosted by parents splashing out on items ahead of the imminent start of the new school year. The employee-owned business said sales at its department stores increased 1.4 per cent to £58.6m in the week to August 27. Sales excluding VAT sales tax fell 0.4 per cent. [...]
SABMiller asks for review of Foster’s accounts September 2, 2011 Global brewer SABMiller has asked Australia’s Takeovers Panel to examine financial statements made by takeover target Foster’s Group, accusing Australia’s largest brewer of making “misleading and deceptive” statements. SABMiller has made a $10bn (£6.2bn) hostile bid for Foster’s, which the Australian brewer rejected as being too low to be “worth discussing.” Foster’s released a statement [...]
Standard Chartered boosted by commodity trading September 2, 2011 Standard Chartered expects to post a 30 per cent year-on-year growth in its commodity trading revenue in 2011 on strong demand from its clients in Asia, Africa and the Middle East, a senior company official said. The bank is also looking to expand physical trading in various commodities such as coal, iron ore, palm oil [...]
Why more QE would be wrong for UK September 2, 2011 IT is not looking good for the global economy, with manufacturing output slowing or contracting in most countries, including Britain. There is growing talk that the Bank of England could launch a fresh round of quantitative easing as early next week. If so, that would be a mistake. The British economy faces many challenges but [...]
Manchester still holds edge September 1, 2011 United and City’s title rivals are now stronger, but are they strong enough? TRANSFER deadline day was even more frenzied than usual this year as Premier League managers scrambled to reinforce their squads for a campaign that already looks like being hugely competitive. Particularly busy in the final days were those clubs initially billed as [...]
