SPORT | IN BRIEF June 27, 2010 Horsey wins in Germany GOLF: David Horsey was the only Englishman celebrating victory over the Germans yesterday after he came from behind to claim the biggest win of his career at the BMW International Open in Munich. The 25-year-old shot a five-under-par closing round 67 to finish on 18-under-par, one shot clear of fellow countryman [...]
HOW THEY RATED ENGLAND June 27, 2010 David James (6) Made two crucial first-half saves but perhaps could have done better with Muller’s first goal. Glen Johnson (6) Drifted in and out of the game and didn’t get forward enough to give England width. John Terry (4) Had a shocker. His lack of pace was a liability for England and had a [...]
Rothschild’s Vallar in £600m listing plan June 25, 2010 New mining investment firm Vallar Plc has unveiled plans to list on the London Stock Exchange and raise £600m to take advantage of acquisition opportunities in the sector. The firm, led by finance and mining veterans Nathaniel Rothschild and James Campbell, plans to start with one major acquisition and eventually build up a mid-tier mining [...]
Matalan profit up June 25, 2010 Budget fashion retailer Matalan has seen a profit rise. The retailer made profits of £186m in the year to February – £41m up on the previous 12 months. Founder John Hargreaves shelved a plan to float the company earlier this year. Matalan trades from 205 UK stores with three more overseas.
Avis plans £151m rights issue June 25, 2010 CAR rental group Avis Europe has announced plans to raise £151m from shareholders with a rights issue. The issue has already won the the backing of Brussels motoring services firm D’Ieteren, which owns 60 per cent of the company. The firm has seven million customers a year through the Avis and Budget brands. It has [...]
Cameron to defend UK fiscal squeeze at summit June 25, 2010 David Cameron has defended Britain’s decision to implement the biggest fiscal squeeze in a generation as G20 leaders prepared to meet in Canada to discuss the global economy. Last year’s G20 unity on the need for coordinated action to support the world economy has started to falter as the recovery has got under way. Ahead [...]
BP shares tumble again as Gulf crisis bill soars June 25, 2010 BP has admitted that the bill for the Gulf of Mexico spill has soared to £1.57bn. The company said the sum included £84m paid out in claims to those affected by the disaster. Progress on the relief well, intended to kill the leaking well, and measures to improve the capture of oil from the leaking [...]
Ocado to float June 24, 2010 ECHOES of the dotcom bubble returned to the City yesterday, as an online grocery delivery firm that has not turned a profit in 10 years confirmed it will float with an estimated value of £1bn. Ocado said it will seek to raise £200m when it floats this year and expects existing shareholders to cash in [...]
Lib Dem splits appear over budget June 24, 2010 THE first cracks in the coalition started to appear yesterday, after a leading Liberal Democrat said he and colleagues would try to “improve the fairness” of George Osborne’s Budget. Deputy Lib Dem leader Simon Hughes, who is on the left-wing of the party, told MPs in the commons he would consider tabling amendments to the [...]
Gillard calls for tax truce June 24, 2010 THE Australian government signalled last night that it was now open to renegotiating the 40 per cent headline rate of its proposed mining tax, which has angered resource companies. New Australian Prime Minister Julia Gillard made no promises about changes to the tax but her pledge to open negotiations prompted positive statements from the two [...]
