Two offers push Portsmouth survival bid into extra time February 10, 2010 PORTSMOUTH pulled off their most significant victory of the season yesterday when they succeeded in obtaining an extra seven days to fight a winding-up order. The Premier League’s bottom club, who have debts of around £60m, were granted more time to prove they can afford to pay creditors at a hearing at the High Court. [...]
Rio workers indicted by the Chinese February 10, 2010 CHINA has indicted four employees of Anglo-Australian mining giant Rio Tinto on charges of bribery and stealing business secrets, setting the stage for a trial in the case that has jangled investor nerves. The four who are set to stand trial in Shanghai include Australian citizen Stern Hu, state news agency Xinhua said yesterday. If [...]
ANALYST VIEWS: IS BHP’S DECISION TO INCREASE CAPITAL SPENDING A SURPRISE? February 10, 2010 IVOR PETHER | ROYAL LONDON ASSET MANAGEMENT Xstrata emphasised its capital spending projects yesterday so BHP are just continuing the theme. However its joint venture with Rio has been delayed. Overall it is a good set of results although the debt level is higher than expected. The main base metals and petroleums divisions improved substantially. [...]
Daily Mail is confident of media revival February 10, 2010 NEWSPAPER group Daily Mail and General Trust (DMGT) today hinted that the media sector may be finding its feet after a very tough 2009 although it still remains cautious in its outlook. The FTSE 250 group saw revenue fall eight per cent on an underlying basis to £482m in the three months to December as [...]
Rookie prop Cole given England chance in Rome February 10, 2010 LEICESTER prop Dan Cole admits he is stunned after being handed his full England debut in Sunday’s Six Nations trip to Italy. Cole is one of manager Martin Johnson’s two changes from the team that beat Wales last weekend, with Riki Flutey replacing Toby Flood at inside centre following his recovery from injury. The 22-year-old, [...]
Record-busting Chemmy’s eyeing gold against all odds February 10, 2010 CHEMMY ALCOTT has talked the talk but now she must walk the walk after insisting a maiden Winter Olympic medal is within her grasp. The 27-year-old has been put through a rollercoaster of emotion, injury and funding problems since her last Olympic appearance in 2006 but is adamant the worst is behind her. First Alcott [...]
Shareholders vote against £2.98m pay of ex Grainger boss Rupert Dickinson February 10, 2010 SHAREHOLDERS at the annual general meeting of property giant Grainger yesterday voted against a multi-million pound payout to former chief executive Rupert Dickinson. Some 55 per cent of voters at the Newcastle meeting vetoed the resolution for Dickinson to receive £2.98m – about six times his salary. Dickinson stepped down in October due to ill [...]
Future sees its revenues tumble 12pc February 10, 2010 Playstation Magazine publisher Future said yesterday that first-quarter revenue fell 12 per cent and it expected trading conditions to remain difficult throughout 2010. The company said projected growth rates were very low and advertising budgets remained soft against tough competition, which continued to put pressure on yields. Future, whose special-interest magazines and websites range from [...]
Vonn bid suffers a fresh injury setback February 10, 2010 RED-HOT favourite Lindsey Vonn has revealed she is struggling with a shin injury ahead of her Winter Olympic bid in Vancouver this weekend. The American, fancied by many to take gold in both the women’s downhill and super-combined events, has not skied at all since damaging her shin during a training run in Austria last [...]
Rothschild names its first non-relative as chief exec February 10, 2010 BANKING group Rothschild has set its face to the future by confirming it will appoint a non-family member, Nigel Higgins, as chief executive for the first time. Having spent 27 years with the bank, Higgins has considerable pedigree. But in March he will become the only person in the finance house’s 212-year history to take [...]
