Champ Stoner wins in Valencia November 6, 2011 World champion Casey Stoner capped a successful season by winning the final race in Valencia, as riders paid tribute to the late Marco Simoncelli. Competitors from all three classes remembered Simoncelli, who died last month at the Malaysian GP, before the race, which Stoner won by overtaking Ben Spies on the final corner.
Greek PM wins no confidence vote and pushes for coalition November 5, 2011 Prime Minister George Papandreou is driving for a new coalition government to save the nation from bankruptcy and prevent its crisis spreading chaos across the euro zone. In a late night speech to parliament, Papandreou said the new coalition should be formed to ram a 130-billion-euro (£112bn) bailout deal through the assembly, the last financial [...]
Car sales rise unexpectedly in October November 4, 2011 Car sales unexpectedly moved up a gear, rising 2.6 per cent in October compared to the same month last year, driven by sales of fleet and business cars. The Society of Motor Manufacturers and Traders said sales to these customers outweighed a fall of 4.3 per cent in private purchases. Sales of cars to businesses [...]
US employment continues to rise November 4, 2011 Tepid US employment figures for October released today will help allay fears of the country returning to recession. Unemployment dropped marginally to nine per cent and jobs continued to rise, although the number of jobs added was lower than September. Non-farm jobs rose by 80,000 compared to what was originally reported as an increase of [...]
Strong growth makes Meggitt optimistic November 4, 2011 Aircraft parts manufacturer Meggitt has reported strong growth in the third quarter, continuing the trend of the previous six months. The company predicts double-digit growth in orders and revenue for the full year, and further revenue growth of 10 per cent in 2012. “All market segments have contributed strongly to this profile, with growth in [...]
Italy agrees to IMF supervision November 4, 2011 Italy will allow the IMF and the EU to monitor its efforts to implement reforms aimed at easing the pressure on the country’s finances. A source told Reuters that the move is intended to give credibility to the proposed targets of reforming pensions and labour markets and carrying out privatizations. The EU and IMF will [...]
Profits down at Smith & Nephew November 4, 2011 Medical supplies manufacturer Smith & Nephew reported a fall in third quarter profits compared to the same period last year. The company, Europe’s largest maker of artificial hips and knees, reported a trading profit nine per cent down in the three months to 1 October. The group blamed the disappointing figure on the state of [...]
Xstrata to launch £1bn bond issue November 4, 2011 Anglo-Swiss miner Xstrata said it was set to sell $3bn (£1bn) worth of bonds and planned to use the proceeds to repay debt and for general corporate purposes. The FTSE 100 company said on Friday that it planned to launch $3bn worth of notes in four tranches with maturities of 3 years, 5 years, 10 [...]
Anglo American to buy De Beers stake for £3bn November 4, 2011 Global miner Anglo American has agreed to buy the Oppenheimer family’s stake in diamond miner De Beers for $5.1bn (£3.1bn) in cash, taking its ownership of the diamond miner to up to 85 per cent, it said. Anglo has long been speculated to be considering a deal to increase its stake in unlisted De Beers, [...]
IAG to acquire bmi November 4, 2011 International Airlines Group is to buy Lufthansa’s British unit bmi to boost growth prospects at its Heathrow hub at a time when airline profits are falling due to higher fuel costs. The announcement came as IAG reported a 31 per cent fall in third-quarter profit, better than expected and outperforming peers, with analysts expecting a [...]
