Rocket blasts Whirlwind September 23, 2010 SNOOKER: Ronnie O’Sullivan came through the battle of the entertainers to beat his childhood hero Jimmy White 3-1 and reach the last 16 of the World Open yesterday.
FTSE slides as weak drugmakers and banks offset rally by mining and oil firms September 23, 2010 Britain’s leading share index ended slightly lower yesterday, rallying late on in tandem with a turnaround on Wall Street after US existing home sales data, with firmer oils offset by weak drugmakers and banks. By the close, the FTSE 100 was down 4.83 points or 0.1 per cent at 5,547.08, its third consecutive session of [...]
Wall Street falls on poor unemployment figures September 23, 2010 US stocks fell yesterday after a weak reading on the labour market dropped stocks through a key technical level, validating the worries of those who thought the recent rally was flimsy. Major indexes were little changed for most of the day before the S&P 500 broke below 1,130, the high end of the summer’s trading [...]
Coup at HSBC September 23, 2010 HSBC CHIEF executive Michael Geoghegan is set to step down from his role before the end of the year to make way for investment banker Stuart Gulliver, after a boardroom coup that will rock the banking sector. Geoghegan’s ego will be dealt a further blow with the appointment of HSBC’s finance director Douglas Flint as [...]
Profits hit record high at Arsenal September 23, 2010 ARSENAL will today announce record pre-tax profits of around £55m, an increase of £10m, as the football club continues to reap the rewards of moving to the Emirates Stadium. City A.M. understands that the strong performance of Arsenal Holdings’ property development arm has driven an increase in revenue. The north Londoners’ continued success off the [...]
GSK hit by EU Avandia ban September 23, 2010 DRUGS giant GlaxoSmithKline (GSK) has been dealt a heavy blow by European regulators, who are forcing it to remove diabetes drug Avandia from the market on concerns it is linked to increased heart attacks and strokes. Yesterday’s decision by the European Medicines Agency (EMA) to suspend all marketing of Avandia came after a lengthy review [...]
HSBC’s spectacular boardroom row September 23, 2010 BIG companies need to get their PR in order. BP’s reaction to its oil spill was all over the place at first, with its CEO Tony Hayward repeatedly putting his foot in it; the Prudential failed to communicate adequately to the media and shareholders during its hopelessly mismanaged bid for AIA. Now, disappointingly, it is [...]
Unions reject Tube talks September 23, 2010 TUBE unions embroiled in a bitter dispute with London Underground (LU) have refused a call by the public transport body to resume talks aimed at averting another strike. Transport unions the RMT and Transport Salaried Staffs’ Association (TSSA), which together represent over 10,000 Tube workers, said proposals made by LU “do not go far enough [...]
Dubai to launch $1bn bond sale September 23, 2010 The Kingdom of Dubai will seek to raise about $1bn (£638m) from a bond sale next week, tapping the market for the first time since Dubai World’s $24.9bn debt restructuring. HSBC Holdings, Deutsche Bank and Standard Chartered have been hired to manage the sale of the five to seven-year bonds, which is likely to be [...]
Verizon to pay dividends in 2012 September 23, 2010 US communications firm Verizon hinted it may resume dividend payments at its joint venture with Vodafone in 2012. The company, which holds a 55 per cent controlling stake in Verizon Wireless, stopped paying dividends in a move widely seen as an attempt to squeeze Vodafone out. Verizon chief executive Ivan Seidenberg said it would probably [...]
