Ladies Day proves and education and more than a pat on the back August 9, 2011 Olympic champion shares Cowes Week diary with City A.M. WELL, I have been duly educated and it seems I have to hold my hand up: I was wrong. Ladies Day at Aberdeen Asset Management Cowes Week isn’t a pat on the back for us from the establishment – it’s serious, and is an effort to [...]
McMillan puts on a show for sailing’s stars August 9, 2011 HOME skipper Leigh McMillan’s The Wave seized the overall lead in the Extreme Sailing Series on a star-studded day four of Aberdeen Asset Management Cowes Week. One win and two second places from yesterday’s seven races elevated Isle of Wight-born McMillan and his crew into first place, ahead of France’s Groupe Edmond de Rothschild and [...]
SPORT | IN BRIEF August 9, 2011 Caddy seeks to end Woods row GOLF: Tiger Woods’ former caddy Steve Williams admits he regrets his outspoken remarks after he was sacked by the former world No1 last month. After helping Adam Scott to victory in last weekend’s WGC-Bridgestone Invitational he claimed it represented the greatest triumph of his career. But ahead of the [...]
Fund managers eye bargains as stocks stay low August 9, 2011 CRASHING equity prices over the past two weeks have caused fund managers to re-enter the market as bargain hunters, it emerged yesterday. Markets rallied after six sessions of selling amid signs investors were taking advantage of ultra-low prices. Multi-asset fund managers at Fidelity, Schroders and BlackRock said a return to the markets made sense after [...]
Healthy corporates make a good buy August 9, 2011 IT was heartening to see the FTSE 100 close in the black yesterday, in the first sign that investors are starting to return their focus to market fundamentals after the panic selling of recent sessions. The past two weeks have cut the level of the FTSE 100 by a fifth and many of its constituents [...]
LONDON: CLOSED FOR BUSINESS August 9, 2011 SCORES of shops across London were closed for business yesterday as the threat of rioting and looting remained high, and home secretary Theresa May met with industry leaders in an attempt to reassure them that extra efforts were being made to protect retailers. May met with business chiefs yesterday afternoon – including the British Retail [...]
Trade gap grows as manufacturing dips August 9, 2011 A WIDENING trade gap and weak manufacturing figures provided gloomy news for the economy yesterday, yet a leading think tank said that GDP bounced back in the three months to July. The economy grew by 0.6 per cent in the three months to July, the National Institute for Economic and Social Research (NIESR) calculated – [...]
Riot and looting damage will cost UK well over £100m, insurers say August 9, 2011 RIOTS across London and other UK cities over the past four days caused “well over £100m” of damage to property and businesses, the insurance industry said yesterday. As residents and business owners across the capital and cities such as Birmingham, Leeds and Nottingham counted the cost of days of wrecking and looting, insurers raised their [...]
BP sues Renova in latest spat with AAR partners August 9, 2011 OIL giant BP has launched a case with the Stockholm court of arbitration against one of the shareholders in its Anglo-Russian TNK-BP joint venture, echoing the two sides’ tussle over Rosneft earlier in the year. BP filed a claim last week against Renova, part of the Alfa-Access-Renova (AAR) consortium that controls half of TNK-BP, for [...]
HSBC kicks off talks over sale of US cards business August 9, 2011 HSBC yesterday said it was in talks to sell its US credit card and retail services business, to a buyer believed to be Capital One. HSBC had flagged the sale of the business since May, when chief executive Stuart Gulliver announced a $3.5bn (£2.1bn) global cost cutting programme. Sources close to Capital One said the [...]
