Morgan outshines Bopara May 19, 2011 CRICKET: Eoin Morgan struck an unbeaten 156 for England’s Lions against Sri Lanka to underline his case for selection in next week’s first Test. Samit Patel also reached three figures, scoring 101 not out as England’s second string reached 394-4 at the close. Earlier Ravi Bopara, Morgan’s main rival in the fight to replace the [...]
Wins for Donald and Westwood May 19, 2011 GOLF: England’s Lee Westwood and Luke Donald recorded comprehensive victories in their opening games at the World Match Play Championship in Marbella. Westwood beat Denmark’s Anders Hansen 6&5, while countryman Donald defeated American Ryan Moore 4&3.
Change of opponent for Cleverly May 19, 2011 BOXING: WBO light-heavyweight champion Nathan Cleverly will fight Poland’s Aleksy Kuziemski tomorrow night after another change of opponent with Tony Bellew failing to make the weight.
LINKEDIN SURGES 109% ON DAY ONE May 19, 2011 Flotation of social network sparks fear of new dot.com bubble SHARES in LinkedIn exploded during their first day of trading, racing more than 170 per cent above their float price of $45 before closing 109.4 per cent higher at $94.25. The stock hit a peak of $122.70, bringing back memories of the dot.com boom of [...]
Bail given to former IMF chief May 19, 2011 DOMINIQUE Strauss-Kahn, the former head of the International Monetary Fund, was granted bail in a New York court yesterday after four nights’ detention on charges of allegedly attempting to rape a hotel maid. Strauss-Kahn, who resigned from the IMF vowing to prove his innocence late on Wednesday, was set a $1m (£617m) cash bail by [...]
Broughton bid closes on Tote May 19, 2011 SIR Martin Broughton, the former chairman of Liverpool Football Club, appeared last night to be pulling ahead in the race to buy the Tote, the state-owned bookmaker. It emerged yesterday that Sir Martin’s Sport Investments Partners (SIP) has secured private equity backing to fully underwrite his bid for the Tote, as well as renewed support [...]
Next IMF boss shouldn’t be European May 19, 2011 FAR too much time and energy is being wasted on trying to work out who the International Monetary Fund’s (IMF) new boss will be. The truth is that it is unlikely to matter that much: the individuals entrusted with the running of large transnational bureaucracies almost invariably find it impossible to break away from the [...]
WHAT THE OTHER PAPERS SAY THIS MORNING May 19, 2011 FINANCIAL TIMES MOVE TO QUASH HERMÈS’ POISON PILL Minority shareholders in Hermès have sought to quash the luxury goods group’s poison pill defences devised by its controlling family, potentially bolstering LVMH’s protracted takeover push for its smaller rival. CHINESE SET A NEW STANDARD IN BUYING GOLD China overtook India to become the largest market for [...]
Investors slam Pru chair May 19, 2011 SHAREHOLDERS of the Prudential delivered a stinging rebuke to chairman Harvey McGrath as more than 28 per cent failed to support his re-election at its annual meeting yesterday. McGrath became the focus of investors’ wrath for his stewardship of the Pru through its botched $35.5bn (£21.9bn) bid to acquire Asian insurer AIA last year. About [...]
Gap falls after cutting forecasts May 19, 2011 Shares in clothing retailer Gap fell 13 per cent after it slashed its full-year profit outlook yesterday on rising cotton and production costs. Net income in its first-quarter, which ended on 30 April, fell 22.8 per cent to $233m (£144m), or 40 cents per share, from $302m, or 45 cents per share, a year earlier. [...]
