Mancini: City can rival Barca November 20, 2011 Manchester City manager Roberto Mancini believes his side must now be ranked as one of Europe’s premier teams. City top the Premier League and will progress to the last 16 of the Champions League if they beat Napoli tomorrow. He said: “I don’t think we are better than Real Madrid or Barcelona, but probably we [...]
Winning return for Cavendish November 20, 2011 Britain’s world road race champion Mark Cavendish completed a successful return to the track with victory in the scratch race at the Manchester velodrome. In his first track appearance since the 2009 World championships, Cavendish delighted a full house at the National Cycling Centre, finishing ahead of Steven Burke. He said: “It all started off [...]
Whelan ponders Wigan handover November 20, 2011 Wigan chairman Dave Whelan has admitted he is weighing up whether or not to hand over control of the club to his 21-year-old grandson David. The 74-year-old bought the Latics back in 1995 and has overseen their rise from the depths of the Football League to the Premier League. But Whelan has revealed he may [...]
Pakistan celebrate series win November 20, 2011 Pakistan beat Sri Lanka by 26 runs in Sharjah to take an unassailable 3-1 lead in the ODI series. After recovering from 71-5 to post exactly 200, Pakistan, who face England in Abu Dhabi in January, then dismissed Sri Lanka for 174 in 45.2 overs. Shahid Afridi was the hero for Pakistan, making 75 from [...]
Eurozone funding eases but fears remain November 18, 2011 The cost of borrowing for some of the eurozone’s biggest countries eased today after a torrid week that saw record highs raise fears of defaults. Traders speculated the European Central Bank (ECB) was stepping in to buy bonds and drive the costs down. Yields on Spanish 10 year notes fell to 6.41 per cent, a [...]
BP seals Indian joint venture deal November 18, 2011 BP is setting up a joint venture with Indian energy company Reliance Industries to source and market natural gas in India, the companies have announced. The joint venture, India Gas Solutions (IGS), will also develop infrastructure for transporting gas in the country. IGS will take over contracts for supply from the KG D6 block off [...]
ABN Amro reports loss on Greek debt write-off November 18, 2011 Nationalised Dutch bank ABN Amro suffered a loss of €54m (£46.1m) in the third quarter as it wrote down the value of Greek corporate debt, the bank reported today.. The bank, which was bought by RBS in 2007 and then nationalized in 2010, wrote off €500m of the money owed to it by state-owned transport [...]
Statoil to buy stake in offshore Suriname November 18, 2011 Norwegian oil company Statoil is moving into offshore Suriname by buying a stake in Tullow Oil’s exploration rights. Statoil will own 30 per cent of the block 47 territory, with Tullow retaining the other 70 per cent. Royal Dutch Shell and French firm Total have also invested in the area, seen by Tullow as a [...]
Markets dragged down by weak banks November 18, 2011 The FTSE 100 edged lower today as the ongoing crisis with Eurozone debt continued to sap investor confidence, particularly in banks. Across Europe markets slumped, with the FTSEurofirst 300 index of top European shares down 0.7 per cent in early trading. It is on course to fall more than three per cent over the week, [...]
Evolution axes 60 investment banking jobs November 18, 2011 Evolution Group, the mid-sized investment bank that is being taken over by South African rival Investec, said it will cut 60 jobs as a result of tough market conditions. “Due to the current depressed levels of income within the business, management has taken action to reduce the cost base from quarter four onwards,” Evolution said [...]
