La Senza set for administration December 23, 2011 La Senza has said that it intends to enter administration. The lingerie chain said “trading conditions” had taken their toll. An administrator will now be chosen within 10 days, in accordance with the UK Insolvency Act. The retailer, which has 2,600 UK staff at 146 stores and 18 concessions, said it continued to trade as [...]
Amlin sells $150m of catastrophe bonds December 23, 2011 Amlin, the biggest listed British insurer in the Lloyd’s of London market, said it sold $150m (£95m) of catastrophe bonds to protect itself against potential losses from US earthquakes and hurricanes and European storms. The bond issue, carried out through Bermuda-based vehicle Tramline Re, is double the $75 million of cover a source said Amlin [...]
Service sector slumps December 23, 2011 Activity in the dominant services sector slumped in October at the fastest pace since April, data showed, pointing to contraction of the economy in the final quarter and highlighting the danger of recession. The seasonally adjusted index of services dropped by 0.7 per cent in October compared to the previous month, taking the three-monthly rate [...]
Blacks says bidders see no value in shares December 23, 2011 Blacks Leisure, the struggling British outdoor goods retailer that put itself up for sale earlier this month, said it does not have and does not now expect to receive an offer for its equity. It said a number of parties have submitted indicative offers to buy the whole or substantially all of the trade, assets [...]
Singapore factory output falls 9.6pc December 23, 2011 Singapore’s factory output droped in November after a plunge in electronics manufacturing caused by slowing demand and supply chain issues. Industrial production fell by 9.6% from a year earlier, with electronics production down 30.1%. Floods in Thailand disrupted supplies of components, the debt crisis in the eurozone and a slowdown in the US hurt demand [...]
Terry to the rescue December 22, 2011 Chelsea skipper ignores barrage of abuse to deny Spurs with dramatic late intervention TOTTENHAM 1 vs CHELSEA 1 CHELSEA manager Andre Villas-Boas hailed his under-fire captain John Terry after the embattled Blues stalwart rescued a point with a dramatic injury-time clearance – virtually the final act of a pulsating London derby. Daniel Sturridge’s 23rd minute [...]
MATCH ANALYSIS December 22, 2011 KEY MOMENT With all eyes on John Terry last night, the centre-half was on best behaviour – and deep into injury time Chelsea’s captain dramatically came to their rescue, deflecting Emmanuel Adebayor’s goal-bound shot wide of the post. The game was bookended by crucial Terry blocks, after Gareth Bale’s second minute effort was also thwarted [...]
Cavendish tops perfect year with BBC award December 22, 2011 Tour de France hero struggles to hold back the tears after becoming only the third cyclist to win the prestigious title AN EMOTIONAL Mark Cavendish last night hailed his success in winning the prestigious BBC Sports Personality of the Year award as a landmark occasion for British cycling. The 26-year-old sprint sensation’s stunning year included [...]
McGrath: Suarez T-shirt stunt ‘shameful’ December 22, 2011 LIVERPOOL manager Kenny Dalglish and his players have been widely condemned for wearing T-shirts in an attempt to show their support for striker Luis Suarez ahead of Wednesday’s goalless draw against Wigan. Uruguay international Suarez (right) was banned for eight matches by the Football Association on Tuesday after being found guilty of racially abusing Manchester [...]
Exiles star Hape fearful his England days are numbered December 22, 2011 ENGLAND centre Shontayne Hape fears his international career may well be over before it has even started. The 30-year-old London Irish star, who helped England win their first Six National title since 2003 earlier this year, fears new interim head coach Stuart Lancaster is set to overhaul the squad a bring in a host of [...]
