Tindall strained ligament March 16, 2011 RUGBY UNION: England manager Martin Johnson is expected to confirm captain Mike Tindall will miss the RBS 6 Nations Grand Slam showdown with Ireland when he names his team today. Tindall suffered an ankle ligament strain in England’s 22-16 victory over Scotland last weekend and is understood to have been ruled out after undergoing an MRI scan [...]
Newham raising the roof March 16, 2011 OLYMPICS: Newham council say that the roof of the Olympic aquatics centre would have to be removed and replaced to avoid becoming a huge financial burden after the Games. Mayor of Newham Sir Robin Wales says the wooden roof that covers the aquatics centre would need replacing, or maintenance subsidised by central government, in order to [...]
Bulletproof Big Bucks looks best in the World March 16, 2011 On St Patrick’s Day there is no other place to be than Cheltenham with a drop of the black stuff. And I think we’ll be seeing a couple of Irish winners too. Poquelin will be all the rage in the Ryanair Chase after some high profile challengers dropped out but I think it might be [...]
Middle East buyers to lift office gloom March 16, 2011 OFFICE investment in London fell markedly in the first three months of the year, though higher oil prices are expected to drive more sovereign wealth funds into real estate in the capital, according to Knight Frank research seen by City A.M. Office properties worth £1.6bn are due to change hands in the three months to [...]
A moratorium on building is certain to choke growth March 16, 2011 IF you are ever tempted to complain that London is too crowded, just reflect that it would be much worse if it were the opposite – deserted. One of the best indicators of how well a city is doing is its population. People move to thriving cities, and leave struggling ones. So many people have [...]
WPP boss given £5m in shares March 16, 2011 WPP BOSS Sir Martin Sorrell was yesterday given £5.3m worth of shares as part of his firm’s incentive scheme. He accepted 318,000 shares from the US part of the scheme worth £2.3m and has deferred collection of 404,000 shares from the UK part worth £3m. Sorrell’s full remuneration package will be announced in WPP’s annual [...]
Daniels: UK will make bank profit March 16, 2011 THE UK can expect a “handsome return” on its bailout of Royal Bank of Scotland (RBS) and Lloyds, according to Eric Daniels. The former Lloyds boss told the Public Accounts Committee yesterday that taxpayers will more than make back the £66bn they pumped into the pair in 2008 and 2009. A recent slump in banking [...]
Migrant rules clear the way for investors March 16, 2011 FEARS that new immigration rules could deter wealthy investors from moving to Britain have been quelled, following changes made by the government. Foreign entrepreneurs are to be given extra incentives to come to the UK under new visa rules, which will reward those who contribute to economic growth. Those willing to invest £5m in a [...]
Losses worsen at RAB Capital hedge funds March 16, 2011 STRUGGLING hedge fund manager RAB Capital’s losses deepened yesterday, after it reported a pre-tax loss of £20.2m and a 15 per cent fall in revenues last year. Assets under management tumbled 21 per cent to $1.06bn (£662m) last year as a mixture of underperforming funds and fleeing investors hit the company, which issued a profit [...]
ANALYST VIEWS: IS RECOVERY ON THE CARDS FOR RAB CAPITAL? March 16, 2011 DUNCAN HALL | FINNCAP RAB’s assets under management are much reduced, and it’s a challenge to attract funds in the sub-£5m band. The strong hedge funds seem to be getting stronger right now, and the weaker ones are getting weaker. Smaller hedge funds might struggle to attract capital. JUSTIN URQUHART-STEWART | SEVEN Hedge funds go [...]
