Halsall continues gold rush August 11, 2010 SWIMMING: Francesca Halsall sealed Britain’s third gold medal at the European Championships in Budapest after leading from the front in the women’s 100m freestyle final yesterday. Halsall, 20, held off tough competition from Belarusian Aliaksandra Herasimenia to win with a time of 53.58 seconds before Joe Roebuck secured bronze in the men’s 200m individual medley.
United net £7m Bebe August 11, 2010 FOOTBALL: Manchester United last night snapped up Portuguese striker Bebe from Vitoria Guimaraes for a fee of around £7m. The 20-year-old front man is expected to undergo a medical at Old Trafford today. Elsewhere, Stoke City smashed their record transfer after completing the signing of striker Kenwyne Jones from Sunderland for an £8m fee, while [...]
Murray eases through in Toronto August 11, 2010 TENNIS: Britain’s No1 Andy Murray cruised into the third round of the Rogers Cup in?Toronto last night after a comfortable 7-5, 6-2 victory over Xavier Malisse. The world No4, playing his first tournament since his split from coach Miles Maclagan, now faces another Frenchman, Gael Monfils, in the next round.
GUARDIAN DRAGS ITS HEELS OVER RENEWING HAY SPONSORSHIP DEAL August 11, 2010 WHAT with an enthusiastic push into online investment, a string of ill-advised private equity deals and a move to swanky new offices at Kings Cross, it appears more traditional stalwarts of the Guardian’s extra-curricular programme could be coming under threat. A little bird tells The Capitalist that the newspaper’s long-standing sponsorship of the Hay literary [...]
China’s industrial activity is still slowing August 11, 2010 CHINESE industrial production growth slowed for the second consecutive month in July, fueling fears that its economy was losing steam. Output rose by 13.4 per cent year-on-year in July. This was slightly below the 13.7 registered in June and significantly down on the 16.5 per cent reading in May. The cooling off in the industrial [...]
AIG hit with a $1.9bn loss on Fortress August 11, 2010 AMERICAN International Group (AIG) said yesterday it will sell most of its consumer finance unit to Fortress Investment Group and take a $1.9bn (£1.2bn) pre-tax loss due to the sale. AIG, majority owned by the US government, is selling 80 per cent of American General Finance to Fortress managed funds and affiliates as it restructures [...]
Shire sells off Attention Deficit Disorder drug to Noven as reiterates profit view August 11, 2010 SPECIALITY biopharmaceutical company Shire yesterday announced the sale of its brain stimulant medicine Daytrana to Noven Pharmaceuticals, granting Noven global marketing rights for the medicine, effective from 1 October 2010. Shire also maintained its earnings outlook for the full-year 2010. The book value of the assets to be disposed is approximately $95m (£60m) or a [...]
CVC to buy 15pc Abertis stake from ACS for €1.7bn August 11, 2010 ACS has agreed to sell a €1.7bn (£1.4bn) stake in toll road operator Abertis to private equity fund CVC Capital Partners, freeing up the Spanish builder to cut debt and pursue energy investments. ACS, Spain’s largest builder by market value, and British private equity firm CVC said yesterday they will form joint ventures to manage [...]
CITY MOVES | WHO’S SWITCHING JOBS August 11, 2010 Coutts The private bank has appointed Jeff Stubberfield as a commercial banker in its media banking team, looking after clients in the music, TV and entertainment business. Stubberfield has over 15 years of experience in financial services and joins from Barclays, where he spent eight years, latterly as a relationship director managing a portfolio of [...]
BEST OF THE BROKERS August 11, 2010 ANGLO AMERICAN Morgan Stanley downgrades Anglo American to “equalweight” from “overweight” and lowers its price target to 3,208p. Believes all the positives have been priced into the shares, which are trading at at a 10 to 15 per cent premium to the sector. Believes that investors should switch into Xstrata which it rates as “overweight”. [...]
