Boss eats his words as DFS agrees a sale April 22, 2010 LORD Kirkham, the founder of the DFS sofa chain, is set for a big payday after agreeing a deal to sell the retailer to private equity firm Advent International for an estimated £500m. The move is a stark U-turn for Kirkham, who only last month said he was “categorically not interested in selling the business” [...]
Reds face an uphill battle after lucky Forlan strikes first April 22, 2010 ATLETICO MADRID (1) v/s LIVERPOOL (0) LIVERPOOL manager Rafael Benitez is banking on producing another memorable European comeback at Anfield next week after losing the first leg of their semi-final. Former Manchester United striker Diego Forlan (right) scored the only goal of the game – a poked effort that bobbled over the line after he [...]
Wasps chief remains cool on tax threat April 22, 2010 WASPS owner Steve Hayes has dismissed suggestions that the club are facing a winding-up order over an unpaid tax bill of over £1m. Reports claimed that HM Revenue and Customs had issued a warning to the Guinness Premiership club earlier this month with the threat of a winding-up petition looming over them. The HMRC refused [...]
Age no hindrance to Brand Beckham April 22, 2010 HE may not be going to the World Cup, but it’s not all doom and gloom for David Beckham. The veteran England midfielder, who will miss this summer’s tournament through injury, is still rated the highest earning player in the world. Despite being in the autumn of his career, the 34-year-old raked in more than [...]
Usmanov cash quadruples to £4.7bn April 22, 2010 ALISHER Usmanov, Arsenal’s second largest shareholder, saw his fortune more than quadruple in the last year, according to new estimates. The figures, part of Forbes magazine’s list of the 10 richest football club moguls, show the Russian’s wealth swelled by £3.6bn to £4.7bn. That amount looks like small change, however, next to QPR shareholder Lakshmi [...]
Mobiles to be tapped by FSA April 22, 2010 THE City watchdog will try to push through tough new rules that would force firms to tap the mobile phones of traders as early as this year. The Financial Services Authority (FSA) believes records of mobile phone conversations will step up its battle against insider dealing. A consultation period ends on 14 June and the [...]
Lancashire land Test stars to boost county challenge April 22, 2010 LANCASHIRE have landed a double coup after completing the signings of Test stars Shivnarine Chanderpaul and Simon Katich for the summer. The pair have been drafted in to make up for the loss of Sri Lanka wicketkeeper Kumar Sangakkara, who was due to move to Old Trafford after next month’s ICC World Twenty, but has [...]
City watchdog is losing its battle against insider trading April 22, 2010 THE Financial Services Authority (FSA) is losing its fight against insider trading, according to a City survey. The report by the Chartered Institute for Securities & Investment will come as a blow to the FSA, which has stepped up its enforcement activity with a spate of arrests and big-money fines. Around 60 per cent of [...]
Mancini warning for Adebayor April 22, 2010 MANCHESTER CITY boss Roberto Mancini has warned Emmanuel Adebayor about his behaviour when he faces former club Arsenal on Saturday. The Togo striker was ticked off by the Football Association after celebrating scoring a goal in front of Arsenal supporters when the sides last met at Eastlands in September. Adebayor’s relationship with Gunners fans deteriorated [...]
Phone tapping lowdown April 22, 2010 Q.Why do they want to tap traders’ mobile phones? A.The FSA sees a loophole in the system where traders can use mobile phones to illegally share confidential information. Q.Are phones not already tapped? A.Fixed line phones and email are currently recorded. The new legislation will encompass mobile calls, text messages and instant messaging. Q.How many [...]
