Rights issue flop knocks housebuilder July 3, 2008 The future of housebuilder Taylor Wimpey was in doubt yesterday as the beleaguered group failed to raise £500m of capital from investors, causing the value of the company to halve. Britain’s largest builder issued an intensely gloomy statement, saying it was slashing 900 jobs, it was not buying any more land, and admitted it was [...]
US in bear territory July 3, 2008 Another torrid day of trading on Wall Street plunged America into an official bear market last night for the first time as oil prices hit a fresh high. A technical bear market occurs when shares are seen to have fallen by a fifth from their previous highs. Oil moved above $144 in New York, while [...]
Rose’s future on the line as sales decline July 3, 2008 Marks & Spencer boss Sir Stuart Rose faces the battle of his life next week as he explains to shareholders, already angry about his cavalier approach to corporate governance, the reasons for its rapid sales decline. M&S shares crashed more than 24 per cent as stunned City analysts slashed their forecasts after the retailer said [...]
Double dose of corporate woe leaves City investors reeling July 3, 2008 The city was left reeling yesterday after retail giant Marks & Spencer issued a shock profits warning and Britain’s largest housebuilder Taylor Wimpey admitted it had been unable to secure £500m in funding. The bleak news from M&S, an industry bellwether, that the consumer downturn was likely to be “longer and harder fought” than previously [...]
Buying off-plan means that you have control over your investment July 3, 2008 You can land a bargain if you are prepared to do your research, writes Timothy Barber Buying a property can be pretty much the most stressful process you can put yourself through. You can multiply that by ten when it comes to buying abroad. Whether looking for a holiday home or a simple investment, a [...]
Federer routs Ancic to march into semis July 3, 2008 Defending champion Roger Federer continued his serene progress towards a sixth successive Wimbledon title with a quarterfinal stroll against Mario Ancic. Croatia’s Ancic, the last player to beat Federer on grass, in 2002, failed to earn a single break point as the world No1 cruised into the last four, 6-1, 7-5, 6-4. It was another [...]
Villa order captain Barry not to come back as Liverpool transfer row deepens July 3, 2008 Liverpool target Gareth Barry looks to have played his last game for Aston Villa after the club disciplined their captain and ordered him not to report for pre-season training. Villa took action after Barry criticised manager Martin O’Neill during a newspaper interview in which the England midfielder reaffirmed his desire to leave the club for [...]
Murray hopes crushed as Nadal scales new heights July 3, 2008 Britain’s dream of a home-grown Wimbledon champion was rudely awoken last night when second seed Rafael Nadal mercilessly dispatched Andy Murray in straight sets. British No1 Murray looked jaded from Monday’s epic five-set comeback against Richard Gasquet and was no match for Nadal, who swept into the semi finals 6-3, 6-2, 6-4. The Scot, playing [...]
There’s no business like l’eau business, but is it all just an expensive con? July 3, 2008 As more bottled water comes on the market, can anyone tell the difference? A time comes in the life of any product that it goes from being naff, to being promoted by a Beckham. Last week a story emerged – was it leaked, perhaps? – that David B, the model and sometime footballer, is to [...]
Police arrest 1,200 in knife crackdown July 3, 2008 Police have arrested 1,214 people in London during a six-week crackdown on knife crime, Scotland Yard said yesterday. Officers found 528 knives after conducting nearly 27,000 searches during Operation Blunt 2, launched after Boris Johnson was elected London Mayor in May pledging to tackle knife crime in the capital. Metropolitan Police Commissioner Ian Blair announced [...]
