Rothschild’s Bumi reports $54m earnings August 17, 2011 Mining group Bumi, founded last year by billionaire financier Nat Rothschild as acquisition vehicle Vallar, posted underlying first-half earnings of $54m (£32m) and said production for the year was on track. Bumi said it expected to produce 86m tonnes of coal this year, up from 77m, when posting its first interim results since the thermal [...]
Balfour Beatty sees profit rise as order book fills August 17, 2011 Infrastructure contractor Balfour Beatty said first-half underlying pretax profit rose four per cent, in line with expectations and lifted by a one-off gain from the sale of investments. The company, which operates in 80 countries and whose projects include the refurbishment of London Blackfriars station and the building of Hong Kong’s West Island metro line, [...]
SABMiller goes hostile with $6bn bid for Foster’s August 17, 2011 Global brewer SABMiller went hostile with its $10bn (£6bn) bid for Australia’s Foster’s Group, going direct to shareholders on Wednesday at a discount to Foster’s last trade. A deal would join together the brewer of Miller Lite, Peroni and Grolsch with the Melbourne-based maker of Victoria Bitter, Pure Blonde and Cascade beer, and would be [...]
Wenger Uefa row taints welcome lift for Arsenal August 16, 2011 ARSENAL 1 vs UDINESE 0 ARSENAL manager Arsene Wenger clashed with Uefa chiefs during last night’s Champions League play-off win after appearing to communicate with his bench while serving a touchline ban. Wenger, who watched Theo Walcott earn a slender first-leg lead from the directors’ box, was shown on television giving orders to coach Boro [...]
Swann: Nullifying Tendulkar and Co beats No1 ranking August 16, 2011 SPINNER Graeme Swann insists England’s consistency in nullifying India’s stellar batting line-up is their greatest achievement in a series they will look to round off in winning style tomorrow at The Oval. Not for Swann the obvious glory of dethroning the tourists as the world’s No1 Test nation, or even the batting heroics of Kevin [...]
Johnson: No panic over Wales loss August 16, 2011 ENGLAND manager Martin Johnson is refusing to panic at his team’s apparent sudden regression, having had time to digest Saturday’s defeat in Wales. Johnson’s men went into their penultimate World Cup warm-up with a measure of confidence, having won the RBS Six Nations during a 12-month spell of major improvements. But despite dominating possession and [...]
CITY A.M. READERS TAKE ON A TRIATHLON: WHAT OUR TEAM LAUREUS RECRUITS SAID August 16, 2011 LAURA RAWSTRON | CITIGROUP It’s a daunting experience to reflect on. It really seems a great antidote to a world of such turbulent markets; what with the feelings of dignity, self-esteem, discipline and, of course, meeting some like-minded friends, it’s somehow enriching. ROBERT AKESTER | TOUCHBASE UNIFIED COMMUNICATIONS The chance to race in the heart [...]
Euro money chiefs to probe Man City August 16, 2011 MANCHESTER CITY have been warned their controversial £400m sponsorship deal with Etihad is to be scrutinised by European chiefs Uefa. Eyebrows were raised when Abu Dhabi-owned City announced the lucrative deal, which covers shirt branding and stadium naming rights, with the United Arab Emirates’ national carrier last month. Critics believe it is above market value [...]
I was seduced by Daley Thompson August 16, 2011 IN HINDSIGHT, it’s fair to say I lacked some of the key tools for the job when I signed up to do a triathlon on behalf of City A.M. and sports charity Laureus. I didn’t own a bike and hadn’t for more than a decade. I’d never swum more than a handful of lengths in [...]
‘Bitter and angry’ Nasri fires parting shot at fans as he nears £22m move August 16, 2011 ARSENAL star Samir Nasri has revealed his “anger and bitterness” at his treatment by fans and admitted he is on the brink of completing a £22m move to Manchester City. Nasri, who on Monday used Twitter to criticise “disrespectful” supporters for singing derisory chants about him at Newcastle at the weekend, yesterday used his Facebook [...]
