May public borrowing falls more than expected June 21, 2011 The budget deficit narrowed slightly more unexpectedly in May compared to a year earlier due to a rise in indirect taxes such as January’s increase in VAT, official data showed. The Office for National Statistics said that public sector net borrowing fell last month to £15.156bn from £16.463bn in May 2010, just below economists’ average [...]
Weatherford to pay BP $75m for Gulf spill June 21, 2011 Swiss-based oil services group Weatherford International, which provided equipment used in the doomed Macondo well, agreed to pay BP Plc $75m toward the cost of the Gulf of Mexico oil spill. BP has agreed to indemnify Weatherford in relation to economic claims from people affected from the spill and environmental damage. However, the settlement – [...]
Jupiter sees revenue jump June 21, 2011 Jupiter Fund Management said on Tuesday it expects to post a 15 percent rise in its first-half net revenues to £126.5-129m, after posting new inflows in the five months to the end of May. The UK fund management house also said a group of shareholders – including chief executive Edward Bonham Carter – is placing [...]
Whitbread boosted by London Premier Inns June 21, 2011 The country’s biggest hotel and coffee shop operator Whitbread said it had performed in line with its expectations in the first quarter with a strong performance in London offsetting an adverse impact from the Easter and Royal Wedding holidays. The group, which operates the Premier Inn budget hotel chain and Costa Coffee, said total sales [...]
Foster’s rejects £6.2bn bid from SABMiller June 21, 2011 Foster’s Group rejected a A$9.5bn (£6.2bn) cash takeover offer from global giant SABMiller as too low, but investors were betting Australia’s largest brewer would succumb to a slightly higher offer. Foster’s, one of the last big prizes in a consolidating global beer market, has high margins and a 50 per cent market share in Australia, [...]
Chelsea turn to the new Mourinho June 20, 2011 Special One’s former protege Villas-Boas set to follow in his mentor’s footsteps by swapping Porto for Stamford Bridge CHELSEA have turned to the man dubbed The New Jose Mourinho as they seek a manager capable of replicating the glorious era of the Special One. Andre Villas-Boas, the Treble-winning Porto boss and former protege of Mourinho, [...]
Murray through but acknowledges he must be ruthless under the roof June 20, 2011 BRITISH No1 Andy Murray admits he’s still to acclimatise to life under the Wimbledon roof after overcoming a scare to defeat first round opponent Daniel Gimeno-Traver in four sets. Rain meant no play was possible on the outside courts from 5.30pm onwards, but the £100m Centre Court roof ensured a raucous crowd were afforded the [...]
McIlroy victory is best Major win I’ve ever seen June 20, 2011 IREMEMBER a 14-year-old friend of my son’s came to stay with us a few years ago. The pair of them had some great games and you could see then that this lad was a class player. He wasn’t long at all but he was the straightest hitter you could imagine. That boy won the US [...]
Strauss takes drastic action to find form June 20, 2011 ENGLAND captain Andrew Strauss failed to mastermind a 2-0 series victory over Sri Lanka after a rain-hit fifth day before announcing he will take the unprecedented step of switching counties in a bid to rediscover his form ahead India’s upcoming tour. Strauss, who averaged just 6.75 from four innings against the tourists, has represented Middlesex [...]
Warner resigns from Fifa June 20, 2011 FOOTBALL: Fifa vice-president Jack Warner has resigned before the conclusion of an inquiry into bribery allegations made against him. Warner, who was suspended pending the investigation, and fellow Fifa member Mohamed Bin Hammam are alleged to have paid bribes of £600,000 to Caribbean associations. His resignation means the probe into his conduct has been dropped [...]
