CITY MOVES | WHO’S SWITCHING JOBS July 18, 2011 HSBC HSBC has promoted Krishna Patel, chief executive of HSBC Africa, to chief executive of its Global Private Banking division, reporting to group chief executive Stuart Gulliver. Patel will start his new role on 1 September, initially based in Geneva, and will focus on strengthening the bank’s presence in the fastest-growing wealth markets. Patel, who [...]
BEST OF THE BROKERS July 18, 2011 LAND SECURITIES Panmure Gordon rates the commercial property group hold with an 825p target price as it believes today’s trading update will confirm a trend of strong rent growth and tenant demand, particularly in central London. Panmure believes Land Sec has a portfolio of prime retail space that will maintain its growth despite a tough [...]
FTSE drops sharply as banks suffer in wake of stress tests July 18, 2011 BRITAIN’S top shares fell sharply yesterday after the results of stress tests on European banks were met with disappointment over their credibility while investors were also fearful over the threat of a US default on the nation’s debt. The banking sector index sunk to a two-year low as money managers and traders cast doubts over [...]
Debt deal impasse sinks US market July 18, 2011 US stocks dropped yesterday as bank shares bore the brunt of investor frustration over governments’ inability to solve debt crises in the United States and Europe. With five days to go before President Barack Obama’s deadline for a debt ceiling deal and no agreement in sight, Republicans and Democrats were crafting a fallback plan to [...]
CLARKE: OPEN’S BEST LOVED CHAMP July 18, 2011 IN 139 previous editions of The Open there can never have been a more popular winner than Darren Clarke and it’s hard for me to express just how happy I am for him. He’s been through more than most in his career but he’s remained generous and easygoing throughout and now he’s got the prize [...]
Gervinho cites Wenger factor in Arsenal move July 18, 2011 ARSENAL’S latest recruit Gervinho has revealed he was lured to the club by the chance to work with manager Arsene Wenger. The Ivory Coast forward (right) finally completed his long-anticipated £11m move from French Double winners Lille yesterday. And he admitted linking up with Wenger, who helped launch the careers of his compatriots Kolo Toure [...]
Selling Tevez won’t halt City, says Vieira July 18, 2011 FORMER Manchester City star Patrick Vieira insists the club’s march towards the summit of Europe will not be halted by the impending sale of striker Carlos Tevez. Argentinian Tevez, who has become a talisman for City during their rise from mid-table to Champions League, is close to ending his two-year stay at Eastlands. Brazilian side [...]
Surrey switch saved Tremlett July 18, 2011 ENGLAND seamer Chris Tremlett admits he’d be nowhere near Lord’s on Thursday preparing to take on India’s batsmen were it not for a career saving move from Hampshire to Surrey two years ago. Tremlett’s rapid emergence as Jimmy Anderson’s new ball partner has added an extra dimension to England’s pace attack and their performances will [...]
Villas-Boas sure of Champions League success July 18, 2011 CHELSEA boss Andre Villa-Boas is adamant that owner Roman Abramovich will get the Champions League triumph he yearns for in the next few years. Abramovich has seen the Blues win every other major honour since his 2003 takeover, but remains desperate to add the biggest one of all to his trophy cabinet. And Villas-Boas said: [...]
Spurs sign Ivory Coast starlet July 18, 2011 FOOTBALL: Tottenham have signed Ivory Coast youth international Souleymane Coulibaly. The 16-year-old striker moves to White Hart Lane from Italian club Siena’s youth team. Coulibaly scored nine goals in four games at the Under-17 World Cup.
