Roach hat-trick destroys Dutch February 28, 2011 CRICKET: Kemar Roach finished off a fine team performance with a hat-trick as West Indies beat Netherlands by 215 runs in their World Cup Group B clash. Chris Gayle (80) and Kieron Pollard (60 from 27 balls) took the Windies to 330-8. Roach then took 6-27 to hand the Windies their first win of the tournament.
Housebuilder nears £584m asset disposal February 28, 2011 HOUSEBUILDER Taylor Wimpey is in the final stages of selling its Northern American businesses, City A.M. can confirm, with a handful of bidders left in the running. US peer Meritage Homes placed a bid for the firm before Friday’s deadline, a source familiar with the deal said yesterday, while privately-held Canadian firm Mattamy Homes is [...]
News Corp bid expected to get OFT go-ahead February 28, 2011 RUPERT Murdoch’s News Corp’s proposed £13.2bn takeover of of satellite broadcaster BSkyB is expected to get the go-ahead from secretary of state Jeremy Hunt by the end of this week, avoiding a full Competition Commission investigation. Senior BSkyB sources told City A.M. they expected Hunt to announce his decision as soon as this afternoon, which [...]
OSCAR BRAVO: COLIN FIRTH WINS BEST ACTOR February 28, 2011 COLIN Firth (pictured) led the King’s Speech to Oscar victory early Monday morning with a gong for best actor. The film also won best motion picture, best director and best original screenplay. Meanwhile, Natalie Portman won best actress for her role in Black Swan and The Social Network picked up three awards.
US freezes over $30bn of Libyan assets February 28, 2011 EUROPE and the US yesterday added to sanctions against Libyan leader Colonel Gaddafi as the international community continued its drive to squeeze him out of power. The US has frozen $30bn of Libyan assets in the largest move of its type in history. The EU also approved a package of sanctions banning the sale of [...]
Irish parties begin talks but EU is wary of bailout rethink February 28, 2011 IRISH opposition parties started coalition talks yesterday after a resounding election win gave them the mandate to renegotiate an EU-IMF rescue deal they fear will bankrupt the former “Celtic Tiger” economy. Though a new government looks likely to get its way on a reduced interest rate on its European Union loans, its demands for bondholders [...]
Bunzl targets more bolt-on deals in 2011 February 28, 2011 BUNZL, the packaging group, posted a seven per cent rise in full-year pre-tax profit yesterday and said it had up to £180m for acquisitions this year. Bunzl, which makes carrier bags, take-away boxes and paper cups, made £276.2m pre-tax profit before amortisation and acquisition costs, while sales revenue rose four per cent to £4.8bn. And [...]
Strong drop in public sector’s recruitment February 28, 2011 PRIVATE sector jobs growth has risen significantly, recruitment firm Hays reported yesterday, but is not yet enough to offset a large decline in government sector recruitment. Reporting a net profit of £32.3m in the second half of 2010, Hays said private sector fees in the UK were up 27 per cent, while government sector fees [...]
Essar stock soars after analyst boost February 28, 2011 SHARES in India-focused power and energy firm Essar Energy jumped almost four per cent yesterday after Credit Suisse analysts described it as an “unrivalled growth proposition”. Essar shares rose 3.97 per cent to 529.2p in morning trading after the bank, which assumed coverage on its stock, set a 600p target price and rated it “outperform”. [...]
City regulator targets complexity of exchange traded funds in risk review February 28, 2011 GROWING complexity in exchange traded funds and self-invested personal pensions pose a risk that those buying such products don’t understand them, the City regulator said yesterday. Demand for newly-developed financial products such as ETFs is increasing as low interest rates and stock market volatility have encouraged investors to seek high yet stable returns, the Financial [...]
