Blues make massive bid for Kaka, say Milan July 7, 2008 AC Milan vice-president Adriano Galliani says the Italian giants have received “an astronomical offer” from Chelsea for Brazilian star Kaka. The playmaker has been linked with a record move to Stamford Bridge since his fellow countryman Luis Felipe Scolari took over as manager last month. Milan, however, have stated the 26- year-old World Player of [...]
Wade: We need to protect Robson July 7, 2008 British tennis legend Virginia Wade is calling for new sensation Laura Robson to be protected from the glare of the media spotlight following her Wimbledon success. Robson, 14, captured the hearts of the nation when winning the girls’ title on Saturday – the first home singles victory at Wimbledon since Annabel Croft 24 years ago. [...]
Nadal ends Federer reign in epic finale July 7, 2008 As the night sky fell to plunge Centre Court into near darkness, a tearful Rafael Nadal held aloft the glistening gold trophy to celebrate his first Wimbledon title in a match which will surely go down as the greatest ever to grace this famous stage. After five sets and almost five hours of an epic [...]
Knife murder parents plead with killers July 7, 2008 The parents of one of the two French students murdered in London a week ago in a frenzied knife attack appealed yesterday for the killer to come forward and said they would not rest until the guilty party was found. Bio-engineering students Laurent Bonomo and Gabriel Ferez, both 23, were bound, gagged and repeatedly stabbed [...]
Bradford & Bingley bankruptcy feared July 7, 2008 Fears that mortgage bank Bradford & Bingley is on the brink of bankruptcy have heightened following rating agency Moody’s decision to cut the cash strapped banks’ rating to Baa1, the lowest of any major British bank. “Our bankruptcy probability is increased to 25 per cent. UK property is 40 per cent over valued and B&B [...]
Severn could face further Ofwat fines July 7, 2008 Severn Trent Water may face further financial sanctions that may run into millions from regulator Ofwat in the final act of the long-running saga over misleading data about its leakage rates. The water business, which services eight million people in the Midlands and Wales, became the first British utility firm to be convicted of criminal [...]
Sky to miss crucial subscribers target July 7, 2008 Satellite broadcaster BSkyB looks set to miss its important internal target of subscribing 10m customers by 2010, as growth in the pay-TV sector begins to slow. In fiscal 2007, Sky signed 406,000 new customers to its satellite service, and needs to add a further 400,000 each year to meet its goal in 2010. It is [...]
How Marks & Spark’s reputation helps to predict its share price July 7, 2008 Does it help M&S to be an iconic brand? It has huge traction in the public mind, which can amplify both its successes and its failures. When it does well, everyone notices – but when it reports disappointing results, and the share price plummets, the story is all over our TV screens. And that doesn’t [...]
Persimmon in mass job cull July 7, 2008 Persimmon, Britain’s most profitable housebuilder, will announce tomorrow that it is cutting 20 per cent of its workforce, in the latest mass cull to hit the beleaguered sector. Persimmon is expected to say it is making at least 1,000 redundancies in a trading update on Tuesday, as it attempts to reduce costs and ride out [...]
London nears fresh fall into bear territory July 7, 2008 The City is bracing itself for possible entry into bear market territory this week, after the FTSE fell 41.7 points to 5434.9 by midday on Friday, and saw the psychologically-important 5,400 level broken in the final hour. With the words “negative”, “topsy-turvy”, and “recession” dominating reports on the market at the end of last week, [...]
