Armani rules out sales or listing May 24, 2011 Designer Giorgio Armani yesterday ruled out selling or listing his company as it posted annual revenues up 4.6 per cent to €1.59bn (£1.4bn). Net profit jumped 81 per cent to €161m and cash was a record €604m. “I have always associated good cash liquidity with the concepts of independence and solidity,” said Armani, 76. He [...]
Yandex surges on first day May 24, 2011 Shares of Russian internet company Yandex surged more than 40 per cent in their debut yesterday, in the largest US initial public offering in the internet sector since Google. Yandex raised $1.3bn (£803m) in its IPO on Monday by selling 52.2m shares for $25 each. The offering valued the overall company at about $8bn. Morgan [...]
Google to reveal phone payments May 24, 2011 Google will take the wraps off a mobile payment system tomorrow that lets consumers pay at checkout with phones instead of cards, a source said, hoping to beat Visa and others to the punch. The Internet search and advertising leader will work with MasterCard, the world’s second-largest credit and debit card processing network, to launch [...]
Venables defends Carlo firing May 24, 2011 FORMER England manager and Chelsea captain Terry Venables has defended owner Roman Abramovich’s decision to sack Double-winning boss Carlo Ancelotti. Venables believes the Italian was unlucky to lose his job just 12 months after leading the Blues to the Premier League and FA Cup. But the ex-QPR, Barcelona and Tottenham chief insists it is too [...]
Usmanov ups share offer May 24, 2011 UZBEK oil magnate Alisher Usmanov has upped the ante in the Arsenal power struggle by offering to buy shares at a bigger price than majority stakeholder Stan Kroenke. Usmanov, who currently owns just over 27 per cent of the north London club, has increased his offer to £14,000-a-share compared to the £12,500 he was understood [...]
Murray and Baltacha join Watson in round three May 24, 2011 WORLD No4 Andy Murray cruised into the second round of the French Open with a straight sets victory over qualifier Eric Prodon on another momentous day for British tennis at Roland Garros. After the heroics of teenager Heather Watson on Monday, Elena Baltacha ensured that, along with Murray, Britain will boast three players in the [...]
Giggs row casts shadow over Sir Alex and final May 24, 2011 MANCHESTER UNITED manager Sir Alex Ferguson attempted to brush off the controversy engulfing Ryan Giggs yesterday – but succeeded only in being dragged into the storm. So keen was Ferguson to avoid the topic, which has overshadowed preparations for the Champions League final, he told an aide to ban a journalist who asked a question [...]
Green back in England squad May 24, 2011 FOOTBALL: West Ham goalkeeper Robert Green has been called into the England squad for the Euro 2012 qualifier with Switzerland. Fulham’s David Stockdale has pulled out as he is getting married on 3 June.
KP has milestone in mind May 24, 2011 CRICKET: England’s Kevin Pietersen has hit back at claims he’s fallen out of love with game ahead of tomorrow’s first Test by suggesting he won’t retire until he’s reached 10,000 Test runs.
Toulon release Henson May 24, 2011 RUGBY UNION: French Top 14 club Toulon have revealed that financial constraints underpinned their refusal to offer Gavin Henson a new contract.
