F&C fights back at Sherborne as sees assets rise January 25, 2011 UNDER FIRE F&C Asset Management delivered a blow in the fight to suppress rebel shareholder Sherborne Investors yesterday, after it posted increased assets under management (AUM). The firm’s board said strong net inflows last year showed its strategy to steer the company away from years of underperformance was working. F&C increased AUM to £105.8bn at [...]
Djokovic confident of toppling Federer January 25, 2011 FORMER champion Novak Djokovic insists he has nothing to lose against Roger Federer in the semi-finals of the Australian Open. The Serb’s maiden, and to date lone, grand slam success came in Melbourne three years ago where he beat Federer at the last four stage. The 23-year-old set up a rematch with the Swiss No2 [...]
A FRIENDLY NEW FACE FROM LLOYDS January 25, 2011 ANDY Briggs, pictured, was named the next chief executive of pensions provider Friends Provident yesterday. Briggs, currently head of general insurance at Lloyds Banking Group, takes over from Trevor Matthews, who will step back to become vice chairman as he is eager to return to his native Australia in the next three years.
Kellock named Scots’ captain January 25, 2011 RUGBY UNION: Glasgow Warriors lock forward Alastair Kellock has been named Scotland captain for the upcoming RBS Six Nations. Scotland open this season’s tournament away to France on 5 February. “To get the chance to captain Scotland for the opening game is huge,” he said.
BA’s brand can only stand strikes for so long January 25, 2011 WITH BA cabin crew once again voting to support industrial action, we’ve had a look at the impact that the strikes have had on public perceptions of the airline, now part of International Airlines Group (IAG). Back in the autumn of 2009 BA had an impressions score in the high 20s. Then came the announcement [...]
Tremlett handed England deal January 25, 2011 CRICKET: Surrey paceman Chris Tremlett has been awarded an incremental contract by the ECB for the 2010-11 season. The 29-year-old played a key part in this winter’s Ashes victory. England selector Geoff Miller said: “We are delighted with Chris’s contribution this winter.”
Regal takeover deadline extended January 25, 2011 Regal Petroleum shareholders have been given until 7 February to accept a £77m takeover offer from Energees Management, the firms said yesterday. Investors representing 2.79 per cent of Regal’s capital have already accepted the 24p per share offer, though rival Pinchuk has said it is preparing to bid 25p per share. Energees said it now [...]
Denman excites Barber January 25, 2011 HORSE RACING: Owner Paul Barber feels Denman has “never been better” ahead of his quest to win the Cheltenham Gold Cup for a second time. “He’s in great form, back in full work, and I believe he’s never been better,” said Barber of the 2008 winner. “We’re doing everything we can to win the Gold Cup.”
Ortac raises its gold estimates January 25, 2011 AIM-listed gold explorer Ortac Resources said yesterday its reserves in a Slovakian mine are over 40 per cent more than thought. The Kremnica gold mine is now thought to contain around 1.1m ounces and Ortac said it will now ramp up work to bring the project into full production. But the shares plunged 21 per [...]
Spanish bank input below expectations January 25, 2011 SHARES in Spain’s banks slipped yesterday after the Spanish government refused to inject the anticipated level of capital into the country’s ailing institutions. Finance minister Elena Salgado accelerated the recapitalisation of Spain’s savings banks with a further €20bn capital injection. She said the government contribution would “in no way exceed €20bn (£17bn)”, leaving the private [...]
