Real strike late to dash Apoel Nicosia dream March 27, 2012 EUROPEAN minnows Apoel Nicosia need a miracle to prolong keep their Champions League adventure after Real Madrid struck three times in the last 16 minutes in Cyprus last night. France striker Karim Benzema netted twice and forgotten man Kaka notched the other as the Spanish league leaders won the quarter-final first leg 3-0. Apoel, the [...]
Milan: We’ll attack Barca March 27, 2012 AC MILAN manager Massimiliano Allegri insists his team will not adopt an ultra-defensive approach against holders Barcelona in the Champions League tonight. The Italians, conquerors of Arsenal in the last 16, host the Spanish champions in an eagerly anticipated quarter-final first leg. “It’s difficult for us to play a match in the style of [Jose] [...]
Bahrain rejects GP security fears March 27, 2012 ■ FORMULA ONE: Bahrain’s top motorsport chief insists there is no need for extra security at the country’s grand prix next month, despite it being cancelled last year over safety fears amid anti-government protests. Sheikh Abdullah bin Isa Al Khalifa, president of Bahrain’s Automobile Federation, said: “I can guarantee you will be as safe as [...]
Jockey Lee swaps jumps for flat March 27, 2012 ■ HORSE RACING: Grand National-winning rider Graham Lee has made a shock code switch from jumps to flat racing. Lee, 36, said he found it too gruelling to keep up the weight required for jumps racing.
Bumi removes Rothschild from chairman’s role March 27, 2012 INDONESIAN coal miner Bumi yesterday tried to draw a line under a damaging spat between former chairman Nat Rothschild and investors whose credentials on corporate governance he publicly questioned. In line with announcements made last month, coal entrepreneur Samin Tan, who became a major investor alongside the Bakrie family last year, has become chairman. Tense [...]
Rio Tinto says diamonds aren’t forever as it puts arm on sale March 27, 2012 RIO Tinto, the world’s third-largest miner, effectively invited bids for its diamonds business yesterday, joining rival BHP Billiton in backing away from a business that has lost its sparkle. The company, which runs three mines in Australia, Canada and Africa, said it was reviewing its diamond business and would consider selling it, as it focuses [...]
Hedgies cash in after a bumper start to the year March 27, 2012 HEDGE funds are cashing in some of their chips after enjoying a bumper first quarter, wary that a sudden change in market sentiment could see them take the sort of losses suffered in last year’s volatile markets. Hedge funds returned five per cent in the first two months of the year, the best start to [...]
MEPs plot new attack on City with plans to curb bonuses March 27, 2012 EUROPEAN MPs have stepped up efforts to cut bank bonuses by proposing the awards are capped at twice the level of workers’ basic pay. Yesterday they called for new limits on bonuses and clawback provisions on “golden hellos” to be included in the Basel III rules, which are due to come into force next year. [...]
Tesco continues to shed market share as Asda hits record high March 27, 2012 TESCO has continued to shed market share in the first three months of 2012, latest figures showed yesterday, while number two supermarket Asda has seen its slice of the pie jump to a record high. According to Kantar data released yesterday, Tesco’s year-on-year growth lagged behind the rest of the sector at just 2.7 per [...]
Osborne vows to think through tax impacts March 27, 2012 TREASURY forecasting does not take into account the fact that lower taxes mean people work harder and have more money to spend, although that could be set to change following proposals made by the chancellor yesterday. George Osborne told the Treasury Select Committee yesterday his department will consider using so-called “dynamic scoring” in a bid [...]
