Rio Tinto boss hopes to forge stronger ties with state-owned firms in China August 19, 2010 GLOBAL miner Rio Tinto hopes to see further cooperation with China’s state-owned firms after its tie-up with Chinese aluminium giant Chalco, Rio Tinto’s boss yesterday. Tom Albanese, chief executive, also said the company was willing to help China seek mineral resources at home and abroad. “The partnership with Chalco opens the potential for further cooperation [...]
BEST OF THE BROKERS August 19, 2010 CLOSE BROTHERS UBS resumes coverage of Close Brothers with a “neutral” rating and 680p price target. Sees potential upside from the group’s drive to rationalise its businesses and expects the banking division to continue to do well but believes this is already reflected in the share price. However, says the asset management business has potential. [...]
CITY MOVES | WHO’S SWITCHING JOBS August 19, 2010 Permira The European private equity company has appointed Wulf Bernotat, the former chief executive of energy giant E.ON, as a senior adviser. Bernotat is one of Germany’s most experienced businessmen and retired from his position at E.ON in April this year. He is also a member of the supervisory boards at Metro, Allianz, Deutsche Telekom [...]
FTSE falls to lowest level in a month on US jobless figures August 19, 2010 BRITAIN’S top share index fell to its lowest close in a month yesterday, as weak US labour and other data cast further doubt on the strength of the global recovery and as oil stocks fell on lower crude prices. The FTSE 100 fell 91.58 points, or 1.7 per cent, to 5,211.29 points, the lowest close [...]
Wall St slips on fear growth has stalled August 19, 2010 US stocks plummeted to their lowest close in nearly a month yesterday as the latest batch of data amplified concerns the economy is stuck in neutral. The selloff was broad, with five stocks falling for every one rising on the New York Stock Exchange. Sectors most sensitive to growth were hit hardest. Manufacturers 3M, United [...]
Ton-up Swann leads England fightback August 19, 2010 GRAEME SWANN finally received the recognition he deserved from the ICC yesterday – and then celebrated by leading the England charge in the third Test with Pakistan at The Oval. The world’s No3-ranked bowler was a surprising omission from the 16-man nomination list for the prestigious ICC Cricketer of the Year, despite spinning his way [...]
Wenger told to raise Arsenal bids for pair August 19, 2010 ARSENAL boss Arsene Wenger has been dealt a double blow in his efforts to patch up a threadbare rearguard after failing with bids for Mark Schwarzer and Sebastien Squillaci. The Gunners stepped up their attempts to prise Schwarzer away from Fulham this week by lodging a second offer for the Australia goalkeeper, but the Cottagers [...]
Flying start for Balotelli as £24m new boy comes on to hit winner August 19, 2010 FC TIMISOARA (0) vs MANCHESTER CITY (1) IF MARIO Balotelli’s debut is a taster for the rest of his Manchester City career, Eastlands fans are in for an eventful time. The £24m new boy climbed off the bench to score the winner before squaring up to the Timisoara captain, earning a yellow card and then [...]
Mancini key to City results August 19, 2010 ROBERTO MANCINI may have kept Craig Bellamy out of the clutches of his Premier League rivals, but he’s also thrown Cardiff City into the spotlight. Bellamy’s shock loan move to his hometown club makes perfect sense for both clubs. Mancini keeps a tight grip on him while protecting his title chances, while Dave Jones at [...]
I’m the man to lead Johnson’s charges, says stand-in Moody August 19, 2010 LEWIS MOODY insists he is the man to lead England into the 2011 World Cup. The new Bath flanker was given the nod to replace the injured Steve Borthwick for the tour of Australasia earlier this summer and became only the second captain ever to lead England to a Test victory over the Wallabies on [...]
