KPMG set to run Caliber liquidation September 2, 2008 Caliber Global Investment, the LSE listed mortgage-bond fund run by the hedge fund group Cambridge Place Investment Management, is seeking shareholder approval to appoint KPMG, the accountancy firm, to oversee its liquidation. Caliber is unwinding holdings of US and European mortgage-backed debt, which totalled $908m in March 2007, after taking losses on subprime mortgages. The [...]
Premier appeal for England’s leading football clubs September 2, 2008 Even 24 hours earlier, few would have believed that Manchester City would be the name on everybody’s lips on transfer deadline day. But City, rather than their more illustrious neighbours Manchester United, dominated much of the gossip and discussion yesterday, in the increasingly bizarre world that is modern football. First came the unexpected news of [...]
Arabs snatch Robinho as they buy City from Thaksin September 2, 2008 Manchester City’s new owners Abu Dhabi United Group (ADUG) showed the rest of the football world they mean business by snatching Real Madrid star Robinho from under the nose of rivals Chelsea for a British record transfer fee of £34m last night. Earlier, ADUG revealed it had agreed a multi-million takeover with owner Thaksin Shinawatra. [...]
Dresdner Kleinwort set for job cuts after Commerzbank seals the deal September 2, 2008 Dresdner Kleinwort employees were bracing themselves for a round of sweeping job cuts yesterday, after German bank Commerzbank completed a deal to buy Dresdner Bank from insurers Allianz at the weekend. Dresdner Kleinwort, led by CEO Stefan Jentzsch and his team employs about 5,500 staff in the UK, with 2,000 of those based in the [...]
Chelsea hit back as Real point finger September 1, 2008 Chelsea last night hit back at criticism from Real Madrid over their pursuit of striker Robinho as the on-going transfer saga turned nasty. Real earlier lashed out at Chelsea’s behaviour over their public courting of the Brazilian, in particular the selling of replica shirts with Robinho’s name printed on the back. But while the Blues [...]
Resilient Spurs make a point to leave Scolari frustrated September 1, 2008 Chelsea boss Luis Felipe Scolari admitted Tottenham deserved their away draw after he saw his 100 per cent win record come to an end. Scolari’s Blues enjoyed the majority of possession but couldn’t break down a resilient Spurs defence as Juande Ramos’s side earned their first point of the season. Juliano Belletti gave the Blues [...]
Bullard sent in to bring smiles back to England September 1, 2008 Fun-loving Londoner Jimmy Bullard will be looking to put smiles back on the faces of long-suffering England fans this week after being handed a shock World Cup call-up by boss Fabio Capello. The popular Fulham man, 29, has been drafted into the international arena for the first time to strengthen an England midfield which is [...]
Flintoff inspires England as whitewash remains in sight September 1, 2008 Andrew Flintoff continued his devastating form with both bat and ball as England’s hopes of recording a first-ever major one-day series whitewash stayed in tact. Flintoff followed up his brilliant 78no at The Oval on Friday with a swashbuckling 31 from just 12 balls to guide England to a seven-wicket win in a rain-affected fourth [...]
Poulter: ‘I’ll justify Faldo’s faith in me’ September 1, 2008 Ian Poulter has promised to bring “excitement, flair and passion” to the European Ryder Cup team after being handed a controversial wild card place by captain Nick Faldo last night. Flamboyant Poulter upset many of his fellow contenders by pulling out of this weekend’s Johnnie Walker Championship at Gleneagles, opting instead to stay in America [...]
Don’t over-complicate your approach to the market September 1, 2008 I spent last week away from the markets and enjoying Paris. I saw many of the sights – the Eiffel Tower, the Opera – but not the secret signs from the Da Vinci Code which are scattered around Paris. That got me thinking about the markets. Lots of people think they have secret codes or [...]
