Shaq announces his retirement June 1, 2011 American superstar Shaquille O’Neal is to retire from the sport aged 39 following a 19-year career which saw him win four NBA titles.
Boris fails in tickets bid June 1, 2011 MAYOR of London Boris Johnson admits he is “cheesed off” after becoming one of an estimated 250,000 people to miss out on their initial bids for London 2012 tickets. Olympic gold medal-winning cyclist Bradley Wiggins said he had also lost out, while teenage diving sensation Tom Daley fears his mother may not be able to [...]
De La Rue hit as Oberthur rules out bid June 1, 2011 BANKNOTE printer De La Rue saw more than £20m wiped off its market value yesterday after its rival, smartcard maker Oberthur Technologies, asserted that it would not be making another bid for the firm. But in a sign that it still has its eye on the troubled printer, Oberthur also announced that it has snapped [...]
BDO censured by FSA over Shore takeover June 1, 2011 THE Financial Services Authority (FSA) yesterday slammed accountancy firm BDO for failings while acting as sponsor to Shore Capital’s planned takeover of Puma Brandenburg. It is the first time the FSA has rapped the knuckles of a sponsor for not providing adequate information about a deal. However, the FSA does not have the power to [...]
OFT lobbies for loan rule change June 1, 2011 THE Office of Fair Trading (OFT) has announced a major crackdown on credit brokers which charge up-front fees for their services. The organisation will force unscrupulous firms to pay back the fee if a loan is not agreed. It will also lobby the government for changes to the rules banning the practice of charging up-front [...]
FORD AND GM SAY US CAR SALES ARE SLOW June 1, 2011 FORD Motor and General Motors yesterday reported lower US vehicle sales in May. General Motors’ sales fell 1.2 per cent month-on-month marking a reversal from a 26 per cent sales increase in April. Ford sales fell 2.4 per cent as strong sales of small cars were weighed down by lower sales of pickup trucks. Sales [...]
KBC in plot to dispose of its Polish units June 1, 2011 BELGIAN financial services group KBC is looking into the sale of Polish units and a capital increase as an alternative to its current divestment plan, according to reports in a Belgian newspaper. The report said that KBC, which needs to sell assets to pay back €7bn (£6.2bn) of state aid received during the financial crisis, [...]
ADVISER: ARDEN PARTNERS AND MIRABAUD June 1, 2011 GREENKO is using nominated adviser and broker Arden Partners alongside Mirabaud Securities to run its £50m share placing. Arden has advised Greenko since the India-focused firm floated on AIM in November 2007. Head of corporate finance Richard Day is named as the lead broker on the placing, alongside corporate finance director Adrian Trimmings. Day also [...]
Greenko eyes wind growth for India June 1, 2011 CLEAN energy producer Greenko yesterday ramped up its efforts to supply India with renewable power after it secured concessions for a 650 megawatt wind farm project and raised £50m in a placing of London-listed shares. AIM-listed Greenko said its energy portfolio has passed 1.6 gigawatts, with around 183 megawatts of projects currently operational. “Demand for [...]
Hedge funds are selling US banks June 1, 2011 THE RECOVERY of Citigroup and Bank of America gave hedge funds some of their biggest gains last year, but now the smart money is getting out, according to Thomson Reuters data. Maverick Capital, Owl Creek Asset Management and other major funds have backed away from the banking sector in the first quarter. And financials suffered [...]
