KKR defies the credit crunch with surprise £7.5bn flotation July 28, 2008 The legendary firm of New York buyout experts insists that going public is the best strategy Kohlberg Kravis Roberts, the fabled US private equity group, is to go public in a deal which will see it merge with one of its listed funds and float on the New York Stock Exchange. KKR, whose founders include [...]
Win trophies or I’m off, says Fabregas July 28, 2008 Cesc Fabregas has warned Arsenal he will leave to join Real Madrid if the club go another season without winning a trophy. Reports say Real president Ramon Calderon is preparing a big-money offer for the Spanish international after giving up hope of luring Cristiano Ronaldo from Manchester United. But while the 21-year-old insists he wants [...]
In-form Wright-Phillips has won the heart of Scolari July 28, 2008 Luiz Felipe Scolari says he wants to keep Shaun Wright-Phillips at Chelsea after admitting being impressed with his pre-season form. The England international has struggled to hold down a place in the Blues first-team since his £21m switch from Manchester City in 2005 and has been linked with an £11m summer move to Portsmouth. But [...]
Murray: Nadal can be new world No1 July 28, 2008 Andy Murray is backing Rafael Nadal to take over as the new world number one after the Spaniard ruthlessly took his unbeaten run to 29 matches with victory in the Toronto Masters last night. Wimbledon champion Nadal held off a gallant semi-final effort from the Scot before then going on to complete a impressive 6-3, [...]
Broad looks set to make way July 28, 2008 Stuart Broad has emerged as the man most likely to make way for recalled Steve Harmison as England seek revenge on South Africa in the third Test at Edgbaston, starting Wednesday. National selector Geoff Miller has hinted that Broad may be rested after a long, hard summer while in-form Durham pace man Harmison is unleashed [...]
Flexibility is the key in these markets: you can win on falls as well as rises July 28, 2008 Smiles have returned to traders’ faces with the markets rallying more than 7 per cent in the last two weeks. But be careful. It’s easy for the bulls to get too optimistic. During a spread betting seminar last week, people kept asking, “Are there any buying opportunities in the markets?” My answer is that there [...]
Hot Chi Minh July 28, 2008 Foreign investment means tourism is coming to Vietnam’s capital, says Ben Griffiths Intoxicating Ho Chi Minh is the best place to experience the myriad changes taking place in Vietnam, a country on the fast-track to becoming one of the hottest spots in Asia. The downtown area encapsulates all the sights and sounds of Asia juxtaposed [...]
Avoid the equities wipe out by riding the fast-moving forex wave July 28, 2008 By spread betting currencies you can avoid the boom and bust bedevilling other markets, says Katie Hope Global currency trading has burst into popularity in recent times as investors try to profit from exchange rate fluctuations. The rapid moves of currency exchange rates are what attracts investors to the market. It’s fast-moving and exciting area. [...]
Why the global economy is taking a turn for the worse July 28, 2008 What a difference a couple of weeks make. One of the best hedge fund trades of the year had been to go long on oil and short the banks and it paid off handsomely. Buying Nymex oil from 1 January until 11 July would have produced returns of 50 per cent and simply selling the [...]
Unilever in hunt to find new leader July 28, 2008 Unilever, the Anglo-Dutch consumer goods giant, has recruited a global headhunting firm to search for a successor to chief executive Patrick Cescau. Headhunters Egon Zehnder – which Unilever has used before – have been engaged to seek a replacement from both inside and outside the company. Unilever declined to comment. Cescau, who turns 60 next [...]
