Optimism rising in businesses across America May 8, 2012 THE US economy should keep growing through 2012, an influential survey forecast yesterday, while rising small business optimism and increasing house prices also pointed to renewed momentum. Firms across the economy expect strong growth, according to a study from the Institute for Supply Management (ISM), indicating a broad-based recovery. Manufacturers expect revenues to rise 4.5 [...]
Broadgate Circle to get makeover May 8, 2012 The owners of the Broadgate estate in the City have lodged plans to overhaul its main shopping area, in a move that could revive last year’s battle to preserve the area’s post-war architecture. The developer British Land and private equity firm Blackstone said yesterday they aim replace some of the existing office space around Broadgate [...]
Glencore faces its shareholders May 8, 2012 Commodities giant Glencore will today face its first shareholder meeting since going public, amid calls for greater transparency around its deals and its top staff. The firm, which is meeting with shareholders in the Swiss town of Zug, has spent months convincing investors of the merits of its planned $36bn takeover of miner Xstrata. But [...]
Thomas Cook’s finance chief packs his bags May 8, 2012 PAUL Hollingworth is to step down as finance director of Thomas Cook, in a fresh blow which leaves the struggling tour operator in search of two top executive roles. City A.M understands that Hollingworth, who was hired as chief financial officer in January 2010, approached the board some time ago but agreed to stay with [...]
Australia set to walk away from crisis with 2013 budget surplus May 8, 2012 AUSTRALIA aims to become the first major economy to deliver a budget surplus since the onset of the financial crisis, its government said yesterday. Treasurer Wayne Swan expects to deliver a A$1.5bn (£938m) surplus in the year to June 2013 after cutting spending on defence and overseas aid and abandoning planned tax cuts for companies [...]
World’s richest man dabbles in the Dutch telecoms sector May 8, 2012 THE WORLD’S richest man, Carlos Slim, has set his sights on Europe by offering to buy about a quarter of Dutch telecoms group KPN, sending its shares soaring. America Movil, the Fortune 500 telecoms giant owned by Mexican tycoon Carlos Slim, yesterday announced its intention to increase its holding in KPN from 4.8 per cent [...]
Di Matteo gamble fails to pay as Chelsea’s top-four hopes die May 8, 2012 PREMIER LEAGUE LIVERPOOL 4 Vs CHELSEA 1 CHELSEA interim manager Roberto di Matteo conceded Liverpool deserved to end their hopes of a top-four Premier League finish after making eight changes from the side that beat the Reds in Saturday’s FA Cup final. Goals from Jordan Henderson, Daniel Agger and Jonjo Shelvey followed Michael Essien’s own [...]
Chisora: Scared Haye pulled a knife on me May 8, 2012 HEAVYWEIGHT boxer Dereck Chisora stoked the intense nature of his bitter rivalry with David Haye ahead of their 14 July grudge match by claiming the former world champion pulled a knife on him during a recent meeting in London. Haye and Chisora yesterday confirmed they will fight at Upton Park this summer in a bout [...]
Three new Rangers bids mulled as Miller pulls plug on £11m deal May 8, 2012 RANGERS’ future was plunged back into jeopardy last night when prospective buyer Bill Miller withdrew his £11m bid. Trucking tycoon Miller hinted that closer inspection of the financially stricken club’s books had caused him to reconsider. He also cited anti-American messages from the Scottish giants’ supporters as a factor. Administrators, who had last week made [...]
Khan to learn if Peterson can fight today May 8, 2012 AMIR KHAN’S promoter expects to learn today if the light welterweight’s 19 May world-title fight in Las Vegas against Lamont Peterson is to go ahead after the latter tested positive for a synthetic testosterone. Richard Schaefer claimed American Peterson tested negative in a separate test in April, despite saying he had abnormally high levels of [...]
