Global revenues on rise but Europe to see the worst of it, say experts December 8, 2011 EUROPE, the Middle East and Africa will experience the slowest growth rate of all global sports markets over the next five years, experts have forecast. Latin America is poised to enjoy the biggest increase, growing 4.9 per cent each year, thanks to Brazil hosting the 2014 World Cup, according to research published today by accountants [...]
Putin teams up with Chavez in $2.6bn oil deal December 8, 2011 RUSSIA has agreed to team up with Hugo Chavez to produce oil in the lucrative Venezuelan oil fields. Russia’s state-owned venture Rosneft has signed a memo of understanding with Petróleos de Venezuela to explore blocks in the Orinoco Belt that are thought to contain up to 40bn barrels of oil. Rosneft has paid a $440m [...]
Rampant Rory gains upper hand over Donald in European title chase December 8, 2011 NORTHERN IRELAND’S Rory McIlroy enhanced his chances of finishing ahead of Luke Donald in the race to finish the season at the head of the European Tour money list after making a blistering start to the Dubai World Championship. US Open champion McIlroy, who must win the tournament and hope Donald finishes outside the top [...]
MUNICH RE SEES €500M THAI FLOOD LOSS December 8, 2011 FLOODS to hit Thailand last month are the costliest natural disaster ever to hit the country, Munich Re, the world’s biggest reinsurer, said yesterday. Munich Re said it would bear losses of €500m (£429m) from the catastrophe, which has claimed more than 600 lives and wrecked critical industrial areas around the capital Bangkok. Picture: REX
PIPPA MIDDLETON JOINS BANKERS AT MAHIKI DUO’S LOW-KEY LAUNCH December 8, 2011 PIPPA Middleton is out and about again after splitting from her boyfriend Alex Loudon, an analyst at brewing giant SAB Miller. And one of the first places Middleton has patronised in her newly single life is the Markham Inn on Elystan Street, the latest restaurant venture from Mahiki owners Nick House and Piers Adam that [...]
StanChart to see profits grow by 10pc December 8, 2011 STANDARD Chartered confirmed it will see double-digit profit growth this year of at least 10 per cent, helped by a strong performance in emerging markets such as Singapore and Hong Kong. However, the bank said that although it had “a strong pipeline in difficult market conditions”, income in 2011 is now expected to grow at [...]
E&Y to examine its involvement with Olympus December 8, 2011 THE JAPANESE arm of Ernst & Young is to set up an external committee to investigate its audit of scandal-ridden Olympus. The move follows a separate probe into an accounting scandal at the camera maker, which raised issues with its audit and work done by a previous auditor. Ernst & Young ShinNihon said it has [...]
ANALYST VIEWS: WHAT DO YOU MAKE OF STANCHART’S LATEST UPDATE? December 8, 2011 BRUCE PACKARD | Seymour Pierce The bank is currently trading on 1.8 times tangible book value, well ahead of European banks. In one sense we think this is justified given the geographies that StanChart operates in, however we are concerned that the secondary effects of the European bond turmoil will impact Asian trade… Hold. GARY [...]
Helping Scottish rugby on and off field December 8, 2011 TOMORROW we face Doncaster Knights at the Richmond Athletic Ground (3pm kick-off) in what can only be described as a must win encounter. We were very disappointed with the result against Cornish Pirates last weekend. I feel we were on the end of a backlash from the Pirates’ defeat in their previous game, ironically against [...]
LTA appoint Murray’s mum December 8, 2011 TENNIS: The Lawn Tennis Association has appointed Judy Murray as Britain’s New Fed Cup team captain. The mother of British No1 Andy Murray, a former national coach, will also work closely with the LTA player team in mentoring some of Britain’s upcoming female performance coaches. Britain’s women are next in Fed Cup action against Israel in [...]
