CICC hopes to sew up money drive this month May 16, 2011 CHINA International Capital Corp (CICC) hopes to finish the first tranche of its 5bn yuan (£473m) money-raising drive by the end of the month. CICC, China’s first joint venture investment bank, aims to use the cash to fund domestic takeovers. The bank was set up in 1995 with a view to becoming a China-based international [...]
DuPont wins takeover bid for Danisco May 16, 2011 US CHEMICALS maker DuPont has won its $6.4bn (£3.9bn) takeover battle for Danisco, with 92.2 per cent of the Danish food ingredients maker’s shares tendered in support. Nearly half of DuPont’s revenue will now come from food-related sources, a stark change for the company that invented nylon and supplied gunpowder for World War One. That [...]
Diamond miner bets on Mellier to sparkle at top May 16, 2011 FRENCH-BORN Mellier moves to the number two diamond producer fresh from Alstom Transport, having been president of the French engineering group since 2003. He started his career at Ford in 1980 as a sales and planning analyst, and went on to spend 19 years there including stints in Portugal, New Zealand and Mexico. Mellier ended [...]
Transport boss takes chief exec role at De Beers May 16, 2011 DIAMOND miner De Beers has hired French transport industry boss Philippe Mellier (see left) to replace former chief executive Gareth Penny, the first time the South-African based firm has looked externally to fill its top role. Analysts say the appointment of a non-mining specialist is indicative of a broader problem for the industry, as it [...]
MCCLAREN SNUBS WEST HAM May 16, 2011 Hot favourite to replace Grant out of the running Players told to stop feeling sorry for themselves FORMER England manager Steve McClaren last night insisted he is not the man to mastermind West Ham’s bid for an immediate return to the Premier League. McClaren was yesterday installed as the clear favourite to replace Avram Grant, [...]
Seve’s death was tragedy but Ryder Cup must go to most suitable venue May 16, 2011 TODAY the venue for the 2018 Ryder Cup will be announced, and following the sad passing of Seve Ballesteros, there have been renewed calls for the Spanish candidate to be awarded the event. Seve was a dear friend a tremendous champion, yet no man is bigger than the game, and the most important factor in [...]
Ba room brawl at end of term party May 16, 2011 WEST HAM’S miserable week descended into farce at the club’s end-of-season gala dinner as police were called in order to break up fights between fans and security guards. The trouble was allegedly sparked by the refusal of striker Demba Ba (right) to sign an autograph for a supporter, who paid £275 in order to attend [...]
Club bullish on £90m Olympic Stadium move despite drop May 16, 2011 WEST HAM insist relegation from the Premier League will not affect their plans to move into the Olympic Stadium after the London 2012 Games. Concerns have been raised that the huge financial hit and the lower average gates caused by dropping into the Championship could force Hammers chiefs to consider abandoning the relocation, which will [...]
Mystery surrounds death of Wanjiru May 16, 2011 OLYMPIC marathon champion Samuel Wanjiru has died tragically at the age of 24 after apparently committing suicide. Wanjiru suffered internal injuries as a result of a fall from a first-floor balcony at his home in the town of Nyahururu and was pronounced dead in hospital after attempts to revive him failed. Despite police chiefs painting [...]
London calling for Djokovic as Serb’s streak ensures O2 place May 16, 2011 UNSTOPPABLE Novak Djokovic has already qualified for the ATP Tour Finals in London later this year – six months early. The Serb has booked his place at the end-of-season tournament at the O2 with an incredible 39-match winning streak that has already garnered seven titles this season. Djokovic’s latest triumph came at the Rome Masters, [...]
