Paris show takes off June 15, 2009 ROLLS-ROYCE announced a bumper $2.1bn (£1.35bn) order deal for its engines at the Paris Air Show yesterday, defying the gloomy mood surrounding the biennial event. The company said its engines will power planes belonging to Middle East carriers Gulf Air and Qatar Airlines, as well as Germany’s Condor, and Royal China. But bleak sentiment has [...]
LSE is still favourite for foreign equity trading June 15, 2009 LONDONA has maintained its edge in international equity trading despite last year’s economic turmoil, the International Financial Services London (ISFL) said yesterday. There were 681 foreign companies listed on the London Stock Exchange (LSE) at the end of 2008, outstripping peers like the NYSE, which boasts 415 foreign firms and the Nasdaq, which has 336. [...]
Punch shares sink on news of cash call June 15, 2009 SHARES in pub company Punch Taverns plummeted yesterday after it unveiled a £350m fundraising aimed at reducing its large debt burden. Stock in the firm plunged 30 per cent to 104p by yesterday’s close. Punch, which owns 7,900 pubs around the UK, said it would use the bulk of the proceeds to buy back £275m [...]
SIMON MACKENZIE-SMITH June 15, 2009 Merrill Lynch and Goldman Sachs are the joint bookrunners and sponsors of Punch Tavern’s fundraising, which is subject to approval at the company’s annual meeting in July. Merrill Lynch’s head of UK corporate and investment banking Simon Mackenzie-Smith is the client relationship manager for Punch Taverns. He represents a team that is lead by [...]
OIL MARKET WILL MOVE SHARPLY ON INVENTORY DATA June 15, 2009 MARTIN SLANEYHEAD OF DERIVATIVES, GFT OIL, glorious oil. It is undoubtedly one of the most popular CFD markets around and it continues to enjoy a steep growth in popularity among traders. The popular Brent and WTI are unavoidably topical and irresistibly volatile. After sinking to near $30 a barrel at the end of 2008, the [...]
Unstoppable flu pandemic will boost vaccine drugmakers June 15, 2009 AT the weekend, there was confirmation of Britain’s first swine flu victim, just three days after a decision on Thursday by the World Health Organisation (WHO) to officially declare an influenza pandemic – the first since 1968. It might seem ghoulish to say so, but the prospect of a drawn-out battle against what WHO director-general [...]
SUMMER SALES June 14, 2009 Green rejects Hammers offerWEST HAM goalkeeper Robert Green has thrown his future at Upton Park into doubt after refusing the club’s latest contract offer. The England stopper still has three years of his current deal to run but the Hammers are keen to commit the 29-year-old to a longer-term deal. Talks are expected to continue [...]
Sri Lankans end gallant Irish charge June 14, 2009 MUCH-FANCIED Sri Lanka took another leap towards the World Twenty20 semi-finals but were given the fright of their lives by plucky Ireland at Lord’s. The Irish were thrashed by 83 runs by New Zealand on Friday and many believed the in-form Sri Lankans would inflict similar damage. But seamer Alex Cusack returned excellent figures of [...]
Liverpool warn clubs off Alonso and Mascherano June 14, 2009 LIVERPOOL have issued a stern hands-off warning to big-spending Spanish clubs chasing their midfield duo Xabi Alonso and Javier Mascherano. Alonso is rumoured to be the next name on Real Madrid’s list of galacticos, while Argentinian Mascherano is a reported target of Barcelona. But Liverpool responded yesterday by issuing a statement in backing boss Rafael [...]
Coach Pearce insists England will not pay the penalty again June 14, 2009 ENGLAND Under 21 coach Stuart Pearce insists his side have practiced penalties for two years in order to banish the heartache of their last European Championship campaign. The side lost an epic shootout 13-12 in their semi-final against Holland in 2007, while former England star Pearce, himself, has suffered the pain of penalties defeat in [...]
