What the FSA’s regulations mean for you July 8, 2008 The new rules might be heavy handed, but they could be to your advantage, writes Katie Hope Hot on the heels of the decision by the FSA, the City’s watchdog, to clamp down on investors using contracts for difference (CFDs) to short shares during a rights issue period, it’s now taken another stab at improving [...]
Russia’s Sibir Energy races towards FTSE July 8, 2008 London-listed mid-sized Russian oil company Sibir Energy said yesterday its full-year pre-tax profit trebled to $344m (£172m) due to higher output at its Siberian unit and strong margins from refining and retail. Sibir said its crude oil production rose 80 per cent in the year to 17.8 million barrels. Most of the output, 15.3 million [...]
Financial jobs boom to fade July 8, 2008 City recruiter Michael Page saw its first-half global profits rise 31 per cent but warned the slowdown in UK recruitment looks set to continue. The global firm posted group half year profits of £135.5m, up from £90.4m last year. Its UK division, which contributes a third of the group’s gross profits, delivered a 3.9 per [...]
Brown: stop wasting food July 8, 2008 Britons can help bring food prices down by cutting the amount they waste every year, Prime Minister Gordon Brown said yesterday. Brown was speaking as he was travelling to the G8 summit in Japan where the rich nations’ club is meeting to discuss rising fuel and food prices as well as global warming. A government [...]
Grim data supports UK recession fears July 8, 2008 Fears a UK recession is inevitable rose yesterday after official data indicated British industrial output had fallen at its sharpest pace in two and a half years in May, while manufacturing output fell by 0.5 per cent compared to April. Data from the Office for National Statistics indicated that UK industrial production fell 0.8 per [...]
Nadal told to rest after epic July 8, 2008 Rafael Nadal began his first day as Wimbledon champion with an order to rest by doctors following his epic five-hour marathon with Roger Federer in Sunday’s final. The Spaniard is still struggling with a knee injury suffered in his third round match against Mikhail Youzhny and will not now defend his Mercedes Cup title in [...]
Ross has found form at just the right time July 8, 2008 For several years now, I’ve been monitoring the progress of a young man who I always felt had the potential of becoming a future major champion. Playing from Wentworth, down the road from me, Ross Fisher caught the eye from a very young age, but has never quite had the breaks needed to force his [...]
Scolari dealt £6.5m poser for Lampard July 8, 2008 Frank Lampard’s future at Chelsea will become all the clearer today when new Blues boss Luiz Felipe Scolari faces the English media for the first time. Scolari finally met his players at the club’s Cobham training ground yesterday amid suggestions that Inter Milan have tabled a £6.5m bid for England midfielder Lampard. Speculation was also [...]
What Brand America and Brand Britain must do to shine July 8, 2008 Even though the past few days have included 4 July, my national holiday, it felt like a very British week to this American in London. Rafael Nadal’s epic victory at Wimbledon showcased some of the best tennis ever. A Number 10 Downing Street reception and a Prince’s Trust Dinner at Windsor Castle capped off the [...]
Satellite firm gets bid from hedge fund July 8, 2008 Shares in satellite communications company Inmarsat rose as much as 13 per cent after confirming it had received an approach from its largest shareholder, US hedge fund Harbinger Capital Partners. However, it’s unlikely to be a quick sale. Regulatory approval would most likely be needed from both European and American authorities before a firm offer [...]
