Modric urges Spurs to finish the job off in grand manner December 6, 2010 FC TWENTE vs TOTTENHAM TOTTENHAM midfielder Luka Modric has urged his teammates to ensure they don’t blow the opportunity to top Champions League Group A with a victory in Holland tonight. The north Londoners have performed admirably in their debut season in the competition, qualifying with a game to spare from a section which included [...]
HAYWARD: THIS YEAR’S HIGHEST PROFILE CEO December 6, 2010 CAUSE for former BP boss Tony Hayward to take comfort from the old adage, “all news is good news” – if he can. Data from media analysis firm Sweet & Maxwell reveals that he was the most high profile FTSE 100 chief executive in the last year. The beleaguered Hayward, who was banished from BP [...]
Injured Broad to miss rest of England’s Ashes assault December 6, 2010 ENGLAND’S hopes of retaining the Ahses suffered a significant setback last night with news that fast bowler Stuart Broad has been ruled out of the remainder of the tour with a stomach injury. The 24-year-old was forced from the field on day four, having completed just 11 overs as part of England’s bid to bowl [...]
HSBC in $9bn suit over Madoff fraud December 6, 2010 HSBC is being sued for at least $9bn (£5.7bn) for allegedly aiding Bernard Madoff’s $65bn Ponzi scheme. Irving Picard, the court-appointed trustee charged with liquidating Madoff’s investment firm and recovering funds for its victims, alleges 24 counts of financial fraud and misconduct against HSBC and its affiliates. The lawsuit filed on Sunday claims HSBC helped [...]
Rio to splash $3.5bn on bid December 6, 2010 MINER Rio Tinto yesterday made a $3.5bn (£2.2bn) bid approach for Africa-focused Riversdale Mining, sending the target firm’s shares surging 16 per cent and setting up a potential takeover battle. Rio’s move on Australia’s Riversdale is likely to spark a bidding war, as the company has hard coking-coal projects in Mozambique that could eventually supply [...]
Kraft Foods and Starbucks row heads for court December 6, 2010 KRAFT escalated its battle with Starbucks yesterday, asking a federal court to stop Starbucks from trying to sell its packaged coffee through a different distributor. Kraft’s request is the latest salvo in a fight over Starbucks’ desire to end their 12-year-old partnership selling bags of Starbucks coffee at supermarkets and other retailers. Kraft, North America’s [...]
Retailers look for Christmas sales lift December 6, 2010 CONSUMER spending showed another month of modest growth in November, according to data released today. Yet shop vacancies have risen compared with last year as the high street cuts back on costs. Prospects for Christmas sales remain “delicately poised” following the early winter freeze, said the British Retail Consortium (BRC), which conducted the survey with [...]
New car sales fall for a fifth month as buyers still wary December 6, 2010 SALES of new cars in the UK fell again in November despite a looming VAT rise in January. Registrations were down 11.5 per cent to 139,875 compared with the same month last year, according to figures from the Society of Motor Manufacturers and Traders (SMMT). That represented the fifth consecutive monthly fall after the end [...]
QE3 is a real possibility, says Fed chairman Ben Bernanke December 6, 2010 AMERICA may need a third dose of quantitative easing (QE) to avoid its economy slumping back into recession, Federal Reserve chairman Ben Bernanke predicted as he reported a gloomy outlook for the economy. America’s recovery would suffer deflation and fail to become “self sustaining” without the Fed’s interventions, he claimed in a rare television interview [...]
CITY VIEWS: WILL YOU BUY NOW TO AVOID THE VAT RISE? December 6, 2010 MARK RODDIS | HISCOX “No, I won’t make any big purchases because I don’t have any big purchases to make before then. I’m not really bothered by the 2.5 per cent increase in costs to my everyday life. The post-Christmas sales might help to counter the effect as well.” ASHLEY STRATTAN | CRS YACHTS “I [...]
