All Black big guns back for Wales November 22, 2012 RUGBY UNION: New Zealand have recalled stars Dan Carter and Richie McCaw for tomorrow’s clash with Wales at the Millennium Stadium. Neither started last week’s 42-10 win over Italy, while full-back Israel Dagg and wing Cory Jane also return. Wales prop George North will be replaced by Liam Williams after suffering a hip injury in [...]
Clarke innings makes history November 22, 2012 CRICKET: Australia captain Michael Clarke became the first man to score four double centuries in Tests in the same year yesterday. Clarke ended day one of the second Test against South Africa in Adelaide on 224 not out as the hosts made a dominant 482-5. It followed his unbeaten 259 in the drawn first Test [...]
Reckitt secures healthy boost with Schiff deal November 22, 2012 CONSUMER products group Reckitt Benckiser is to acquire Schiff Nutrition for $1.4bn (£878m). The board of Schiff Nutrition, which sells vitamins, nutrition supplements and nutrition bars, has approved the transaction at $42 a share and recommended shareholders agree the deal. The FTSE 100 consumer group will finance the deal using cash and existing credit facilities. [...]
Barclays quits open outcry trade at LME November 22, 2012 MAJOR commodities player Barclays quit open outcry floor trading at the London Metal Exchange (LME) yesterday, downgrading its membership at the world’s biggest marketplace for industrial metals to cut costs. The commodities operations of banks like Barclays face tough times and total commodities trading turnover for the 10 biggest investment banks has tumbled 20 per [...]
Death knell for final salary in pension rejig November 22, 2012 A NEW workplace pension model was proposed yesterday in an effort to limit the financial risk for both employers and employees. Under the controversial proposals, the Department for Work and Pensions (DWP) has suggested an employer can end a final salary pension scheme when an employee leaves the firm, thereby cutting the firms’ risk exposure. [...]
Sarah Brown joins Harrods board November 22, 2012 SARAH Brown, the wife of former Labour Prime Minister Gordon Brown, has been appointed as a non-executive director of Harrods, the luxury department store said yesterday. Brown will work within the marketing and corporate social responsibility division.
Argentina ordered to pay its bond holders November 22, 2012 ARGENTINA could be pushed into a fresh default on its debts, after a US judge ordered the country to pay holders of $1.33bn-worth of bonds that were defaulted upon during its 2001 financial crisis. Judge Thomas Griesa has lifted a previous order stalling payments to so-called holdout investors, many of them hedge funds, who refused [...]
FSA set to tighten rules on SIPP plans November 22, 2012 THE FINANCIAL Services Authority (FSA), which regulates the City, is planning to quadruple capital requirements on firms offering self-invested personal pensions (SIPPs) to offset the costs of winding the companies down if they fail. Currently, firms offering SIPPs must hold a minimum of £5,000 – but the FSA plans to hike this requirement to £20,000, [...]
Peroni pints for £5 aid SABMiller beat downturn November 22, 2012 BREWING giant SABMiller said yesterday that positioning itself as a premium seller in the UK had reaped rewards, as the Peroni maker bucked a declining market to record a rise in lager sales. “We are focusing on that premium brand position and we don’t apologise for some of our partners charging five quid a pint,” [...]
What is your opinion on SABMiller going forward? November 22, 2012 EDDY HARGREAVES | CANACCORD GENUITY Our expectations were originally lowered due to weaker currencies and to an increased concern about European trading. However, Europe is not quite as bad as we feared and an improved performance in Russia looks positive. We believe the shares lack a catalyst, so we remain at ‘hold’. JAMES EDWARD JONES [...]
