A Major to remember for Bradley but not for Woods August 15, 2011 TO BE one shot behind the leader in a Major and then make a triple bogey is the stuff that shatters hopes and dreams. Which is why Keegan Bradley (right) deserves so much credit for bouncing straight back with birdies at 16 and 17 and then winning a play-off to claim the US PGA Championship. [...]
Schumacher: I’m not finished August 15, 2011 FORMULA ONE: Veteran Michael Schumacher insists he will race on next year despite his comeback falling short of expectations. The Mercedes GP driver, 42, said: “I’ll certainly be racing next year, that is definite. We will then have to see how things develop and how much energy and fun is still there.”
Wales lose skipper for World Cup August 15, 2011 RUGBY UNION: Wales captain Matthew Rees has been ruled out of the World Cup with a neck injury. The hooker has been told by doctors he needs surgery to relieve the painful condition. Wales defence coach Shaun Edwards said: “It’s disappointing but there are more important things in life than rugby.”
Hockey teams sign new deal August 15, 2011 HOCKEY: England and Great Britain’s women’s teams have signed a lucrative new sponsorship agreement with bank Investec. The five-year agreement will begin this month when England head to the EuroHockey Nations Championship in Germany.
Time Warner Cable seals £1.8bn Insight purchase August 15, 2011 TIME Warner Cable (TWC) has reached a deal to buy The Carlyle Group’s cable operator Insight Communications for $3bn (£1.8bn), according to sources close to the deal. Insight, the 10th-largest cable operator in the US, sells cable television, high-speed internet and telephone services, serving approximately 750,000 customers. Its representatives approached TWC in recent weeks to [...]
Dragons’ Den star reaps £38m from telecoms firm August 15, 2011 DRAGONS’ DEN star Peter Jones has offloaded his telecoms firm Wireless Logic to private equity outfit ECI Partners in a deal worth £38m. The deal for the machine to machine communications firm is the latest in a string of telecoms disposals by Jones, a former tennis coach. The sales of SIM reseller DSNS and IT [...]
Tribunal backs £2m FSA fine for hedgies August 15, 2011 THE UK’s tribunal system has upheld the Financial Services Authority (FSA) decision to ban two hedge fund executives and fine them a total of £2.1m for market abuse and deceiving investors. Michiel Weiger Visser, who was chief executive of Mercurius Capital Management at the time of the abuses, was handed a £2m penalty for breaching [...]
Funds of funds attract cash August 15, 2011 INVESTORS have poured into funds of funds during 2011, new figures show, with the first half of the year seeing the highest sales on record. Net retail sales of funds of funds for the first six months of 2011 hit £3.8bn, according to research by the Investment Management Association (IMA), and the £2bn of sales [...]
RBS hires execs in China August 15, 2011 The Royal Bank of Scotland Group announced yesterday that it has appointed two senior bankers for its team in China, looking to gain ground in the country’s booming capital markets. Qing Cheng Hua has been named as the executive for its local unit in China and Charles Zhuo Xiao as managing director, China origination.
LMAX sees £13.2m annual loss August 15, 2011 LMAX, the retail trading platform owned by Betfair and Goldman Sachs, made a £13.2m loss in the year to the end of April as an £149,000 gross profit was dwarfed by almost £13.5m of costs. LMAX, which launched last October, had revenues of just £271,000. The company has reassessed its target market after chief executive [...]
