Ex-Somerset captain in suicide November 13, 2011 Former Somerset captain Peter Roebuck has died, aged 55, in a case South African police were treating as suicide. Opening batsman-turned-journalist Roebuck plunged six floors from his Cape Town hotel room on Saturday night, where he was covering the Test series for Australian media.
Pacquiao to face Marquez again November 13, 2011 A fourth welterweight showdown between Manny Pacquiao and Juan Manuel Marquez is being lined up after the Filipino’s controversial points win over the Mexican in Las Vegas on Saturday night. Hopes had been raised that Pacquiao might finally face American Floyd Mayweather but his promoter Bob Arum said: “I’m bound and determined to have these [...]
Bank of Ireland deposits up November 11, 2011 Bank of Ireland’s deposits rose three per cent between July and October, improving its funding position as it seeks to rebalance its accounts. But Ireland’s largest lender said that trading remained difficult, with competition for deposits one of a number of factors holding back its progress. The bank predicts profit margins will stabilise in the [...]
Hornby profits up November 11, 2011 Hornby posted an 80 per cent jump in first-half pre-tax profits with a turnover of £28.4m, increasing 11 per cent from the same period last year. The owner of model railway, model car brands, and Airfix models, Hornby said it is expecting positive results from the full year. Christmas traffic and a new line of [...]
Italian senate passes austerity bill November 11, 2011 The Italian senate has passed a bill of financial austerity measures demanded by the European Union. Prime Minister Silvio Berlusconi has promised to resign once the bill, which is expected to pass a special weekend session of the lower house tomorrow, becomes law. The package increases VAT from 20 per cent to 21 per cent [...]
FTSE in modest gains as Italy and Greece fight to win back market credibility November 11, 2011 Banks led modest FTSE 100 gains in early trading as Greece and Italy fought to convince investors that they could fight back from the economic abyss. Italy, the latest Eurozone nation to come under pressure in the bond market, moved closer to a national unity government, while its treasury managed to sell one-year bills at [...]
HSBC makes £277m China investment November 11, 2011 HSBC is investing 2.8bn yuan (£277m) into its China unit, as it announces plans to cut jobs in London, New York and Hong Kong. Just days after the company announced it is keeping open the option to move its headquarters from London, the move suggests the bank is shifting its focus eastwards. The capital of [...]
Construction falls but beats expectations November 11, 2011 The construction industry contracted less than expected in the three months to September, but darker days may be on the horizon. The Office for National Statistics reported little change in the state of the sector, overall output dropping by just 0.2 per cent from the figure for the same period last year. The ONS had [...]
IAG targets £1bn profit by 2015 November 11, 2011 British Airways and Iberia owner IAG said it had increased its growth and cost savings targets and expected to make an operating profit of around 1.5bn euros (£1bn) in 2015. Europe’s second-biggest airline group by value behind Germany’s Lufthansa (LHAG.DE) said it expected to achieve annual synergies of 450m euros in 2015, the fifth year [...]
Rolls-Royce sees 2011 profits grow November 11, 2011 Aero enginemaker Rolls-Royce said it had performed well in the third-quarter and expects to deliver strong growth in full-year profit, shrugging off turmoil in financial markets. Rolls, the world’s second-largest maker of aircraft engines behind U.S. group General Electric Co (GE.N), on Friday said it had continued to make progress since the half year, helped [...]
