Move was too dangerous, admits Schu August 2, 2010 MICHAEL Schumacher last night apologised to his former Ferrari team-mate Rubens Barrichello after accepting his controversial blocking manoeuvre at Sunday’s Hungarian Grand Prix was too dangerous. The seven-time world champion was handed a 10-place grid penalty for the next race after the defensive move forced Barrichello to within centimetres of a concrete wall as the [...]
Huang vows to spend big in Liverpool bid August 2, 2010 CHINESE businessman Kenny Huang has promised to give manager Roy Hodgson big money to spend in the transfer market if he succeeds in his bid to buy Liverpool. Huang, a former Wall Street stockbroker and now head of Hong Kong-based investment company QSL Sports Ltd, announced yesterday he had been in talks with Royal Bank [...]
Beaten Murray on track August 2, 2010 ANDY MURRAY is remaining upbeat despite losing to Sam Querrey in the final of the Farmers Classic in Los Angeles on Sunday. The American Queen’s Club champion overcame the British No1 5-7, 7-6 (7-2) after saving a match point in the second set. Murray, who was playing his first tournament since parting ways with coach [...]
Fisher can now repeat my feat with Irish win August 2, 2010 FOUR great tournaments, four tremendous finishes, what a weekend of golf it’s been both here and across the pond. Ross Fisher may have lifted the Irish Open trophy and taken home the £415,000 first prize, but the big winner at Killarney over the weekend was Colin Montgomerie, who saw Fisher move up to sixth and [...]
SPORT | IN BRIEF August 2, 2010 Thousands mourn Higgins SNOOKER: Past and present snooker stars gathered to remember former world champion Alex ‘Hurricane’ Higgins at his funeral in Belfast yesterday. Stephen Hendry, Ken Doherty and Joe Swail joined the mourners at the service in St Anne’s Cathedral as hundreds more gathered outside. The 1972 and 1982 world champion died last month [...]
UK manufacturing growth slows August 2, 2010 GROWTH in Britain’s manufacturing sector eased slightly in July, with euro zone wobbles weighing on exports, but the figure still beat forecasts and remained indicative of buoyant growth in the sector. There was also a sharp slowing in both input and output price inflation, something that should help reassure Bank of England policymakers that inflation [...]
HSBC posts £7bn profit August 2, 2010 HSBC has reported a £7bn pre-tax profit for the first six months of the year. The figure was around double the amount for the same period last year. The bank was profitable in every region, except for North America. HSBC shareholders will receive a second dividend this year, the lender said. Margaret Leung, Vice-Chairman and [...]
Goldman Sachs stands by AIG deals August 2, 2010 GOLDMAN Sachs said that it believed its trades with the bailed out insurer AIG during the financial crisis were accurate and its collateral calls made to AIG were reflective of the conditions in a deteriorated market. In a response submitted to the Financial Crisis Inquiry Commission (FCIC) last week, Goldman said it priced the collateral [...]
Tullett Prebon sees profit fall August 2, 2010 TULLETT Prebon, the world’s second-biggest interdealer broker, has posted a fall in half-year profits as the departure of brokers to a rival and adverse currency movements hit earnings. However, Tullett – which in May announced the end of talks over a possible takeover of the group – said it expected a “good outcome” for its [...]
BNP Paribas profit up after retail banking boost August 2, 2010 FRENCH bank BNP Paribas saw its second-quarter profit rise by 31 per cent – fuelled by its retail banking division. Net profit for the three months to July hit to 2.1bn euros (£1.75bn). Demand for mortgages was especially strong, the bank said. However, the investment banking division plummeted by 30 per cent. BNP said in [...]
