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 [...]
Wemlbey to be at capacity for Euro final May 25, 2011 WEMBLEY Stadium will be full to capacity for Saturday’s Champions League final between Barcelona and Manchester United despite the much-criticised record cost of tickets. The most expensive corporate tickets were being sold at up to £4,680, while the cheapest tickets for United fans ranged from £80 to £300. Tickets available on general sale started from [...]
Attwood out to restore his reputation May 25, 2011 GLOUCESTER lock Dave Attwood admits he is still shocked by the stamping incident which threatened to derail his England career before it had even begun. The 24-year-old was banned for nine weeks earlier this season after injuring La Rochelle prop Petrisor Toderasc during Gloucester’s Amlin Challenge Cup tie in December. Attwood had only just forced [...]
Strauss: It’s time to focus on the future May 25, 2011 ENGLAND captain Andrew Strauss has warned any member of his squad still dwelling on the successes of the Ashes winter will risk undermining his goal of being part of the No1 Test team in the world. England’s taxing summer schedule begins today, with the start of the first of three Tests against Sri Lanka, and [...]
