Hamilton may leave McLaren for Mercedes September 5, 2012 BRITAIN’S Lewis Hamilton is close to swapping McLaren for Mercedes next season, according to former Jordan GP owner Eddie Jordan. Jordan believes that Hamilton will replace Michael Schumacher at Mercedes with the German expected to retire at the end of the year. Hamilton signed a lucrative five-year contract with McLaren in 2008 and is yet [...]
Hamstring injury sidelines Carroll September 5, 2012 FOOTBALL: West Ham’s Andy Carroll has been ruled out for around six weeks after suffering a hamstring injury against Fulham last weekend.
Bertrand extends Chelsea stay September 5, 2012 FOOTBALL: Ryan Bertrand has signed a new five-year contract to stay at Chelsea.
Lord Oaksey dies aged 83 September 5, 2012 RACING: Former jockey and founder of the Injured Jockeys Fund, Lord Oaksey, yesterday died aged 83.
Theo Fennell in takeover talks with EMI Capital September 5, 2012 THEO Fennell, the Aim-listed jeweller, saw its shares jump nearly 30 per cent yesterday after it confirmed it is in takeover talks with EME Capital. The company said discussions were at a “very preliminary” stage, and may or may not lead to an offer being made. A spokesperson for the jeweller declined to comment further. [...]
Sweden’s Espresso House sold by UK owners to Norway fund September 5, 2012 COFFEE chain Espresso House, known as the “Starbucks of Sweden”, has been sold by its UK private equity owners Palamon Capital Partners to a Norwegian private equity fund, it was announced yesterday. The popular coffee haunt, which has 120 coffee bars dotted around Sweden, was snapped up by Norwegian fund Herkules Private Equity III after [...]
3i cuts further stake in Norma after placing September 5, 2012 UK private equity firm 3i sold €77m (£61m) of shares in German engineering firm Norma Group to institutional investors yesterday – taking its stake from 73 per cent to 16.7 per cent in just 18 months. 3i announced it had placed four million shares for a price of €19.25 per share with investors. The news [...]
City A.M. | Our shadow MPC votes 8-1 for no new action September 5, 2012 ALLISTER HEATH | CITY A.M. “Hold policy on interest rates and QE. Instead of coming up with fancy schemes to bring interest rates down even further, the Bank needs to realise that tight money isn’t the problem. We need supply-side reforms – such as today’s housing shake-up – not ever easier money.” GRAEME LEACH | INSTITUTE [...]
Analysts don’t forsee new QE September 5, 2012 CITY analysts expect the Bank of England to continue its wait and see approach to monetary policy in its September meeting today, keeping rates constant, and continuing to carry out previously announced asset purchases. Martin Beck at Capital Economics said that the positive news in the service sector would provide extra reason for the Bank [...]
Saga says QE harmed over 50s September 5, 2012 The older generation saw massive cuts in their real income due to the Bank of England’s quantitative easing (QE) programme, research released today claims. The report, commissioned by Saga and prepared by the Centre for Economics and Business Research (CEBR), says that the boost QE gave to assets was not enough to outweigh the hit [...]
