ALSO OUT THIS WEEK | FILM, MUSIC, GAMES May 26, 2011 FILM APOCALYPSE NOW Re-release for Francis Ford Coppola’s spellbinding depiction of the Vietnam war. ANGELS OF EVIL Elegant Italian crime saga about the rise and fall of a Milanese mobster. LIFE, ABOVE ALL South African film exploring the harshness of life in modern Johannesburg. DVD LOVE AND OTHER Drugs Saucy romantic comedy with Jake Gyllenhaal [...]
EU investors to get more data on hedge fund risks May 26, 2011 Investors are to get more information about the risks in investing in hedge funds, the European Union’s new securities watchdog said. Steven Maijoor, chairman of the European Securities and Markets Authority, said investors need information to better assess the risk profile of a hedge fund. “It will be important to achieve a balance between increasing [...]
Daily Mail group hit by ad revenue fall May 26, 2011 Media group Daily Mail & General Trust has said it remains “cautious” after seeing its UK advertising revenue fall in April and May. Pre-tax profits for the six months to April at the owner of the Daily Mail newspaper were in line with expectations at £73m. But the company warned that the uncertain economy could [...]
FTSE lifted by commodities and Man Group May 26, 2011 The FTSE rose today as commodity stocks received a lift while a series of positive corporate results helped to boost investor sentiment. As G8 leaders gathered in France with the future leadership of the IMF and the eurozone debt crisis at the heart of the talks, global markets regained some lost confidence. Investors once again [...]
Man Group assets rise thanks to bumper Japanese fund May 26, 2011 Man Group, the world’s largest listed hedge fund manager said it is continuing to attract net new money from investors in its hedge funds,while assets under management lifted three per cent to $71bn (£43.5bn) in the period to the end of March. Earlier this month the firm said it had raised $1.5bn for an open-ended [...]
BAT in $452m deal for Protobaco May 26, 2011 British American Tobacco said it had agreed to buy the privately owned Productora Tabacalera de Colombia, the second largest cigarette company in Colombia, for $452m (£277m). The London-based second biggest cigarette maker in the world said the deal will elevate it to second from third place in Colombia, Latin America’s fourth largest cigarette market with [...]
Burberry fast tracks expansion plan as profit soars May 26, 2011 Burberry is stepping up spending on new stores and upgrading existing ones to cash in on a boom in spending on luxury goods, it said as it met forecasts with a 39 per cent leap in annual profit. The British maker of raincoats and handbags, best known for its camel, red and black check pattern, [...]
Tata Steel reports record profit May 26, 2011 India’s Tata Steel warned rising raw material costs could hurt margins for a couple of quarters after posting its highest-ever annual net profit, bolstered by a surge in prices and demand in Asia’s third largest economy. The world’s No.7 steelmaker, whose European operations account for two-thirds of its global capacity of about 28 million tonnes, [...]
Pellegrini joins list of Chelsea contenders May 25, 2011 Malaga boss claims Blues contact Odds slashed on Redknapp Lippi ready to make management return MALAGA coach Manuel Pellegrini last night emerged as a shock candidate for the Chelsea manager’s job, after the Chilean’s agent said contact had been made about a possible move to Stamford Bridge. The development came as bookmakers slashed the odds [...]
Strettle keen to show improving Sarries belong at rugby’s top table May 25, 2011 TWELVE months ago, shortly before his impending move to Saracens, David Strettle watched them edged out in a pulsating Premiership final with Leicester. And he admits that part of him enjoyed seeing them lose. Now, as the north Londoners prepare to face the Tigers in a repeat of last year’s showpiece, the England winger’s wishes [...]
