England make solid start in quest to win back Ashes July 8, 2009 ENGLAND will resume their attempt to regain the Ashes this morning with the first Test delicately poised after an encouraging first day in Cardiff. Andrew Strauss’s men recovered from the loss of three wickets before lunch to finish on 336-7, thanks largely to a 138-run stand between Kevin Pietersen and Paul Collingwood. Matt Prior and [...]
All eyes on Alcoa as reporting starts July 8, 2009 US STOCKS rebounded in late trading yesterday after a day of wild price swings, with the Dow and Nasdaq eking out gains as investors hoped that corporate results would top estimates as the quarterly earnings season prepared to kick off. Stocks were sharply lower for most of the day as investors worried that an economic [...]
Glaxo tops the table as the market hopes to feel better July 8, 2009 THE FTSE 100 ended down by 1.1 per cent yesterday, hitting its lowest closing level in more than two months, as weakness in banks, oil producers and miners offset minor resistance in some defensives. The index closed down 46.77 points at 4140.23, its third day of losses. Banks were under pressure on the economic outlook [...]
CAREERS CLINIC July 8, 2009 ANDREW EVANSMANAGING DIRECTOR OF MORGAN MCKINLEY, UK “I was made redundant from my risk management post at a bank in January. Having struggled to find a job, I finally decided to go travelling for a year and was due to leave at the start of August. I’ve just been offered a job after all, but [...]
Women team up to beat the recession July 8, 2009 MORE women work in the City than they used to, but it’s still hard to get on. Only 13 women hold executive directorships on the board of FTSE 100 companies (that’s 3.6 per cent) and there are just 110 woman non-executive directors, 14.5 per cent of the total. During the recession, the situation for women has [...]
SLICE OF OLD-BOY STYLE HITS CITY FINE WINING AND DINING CIRCUIT July 8, 2009 NOT so long ago, City types were busy bemoaning the lack of decent restaurants on their patch. But now, just weeks after the Galvin brothers announced they were opening a new pad near Spitalfields market, I hear there’s a new eatery coming to town, courtesy of Simon Parker Bowles, former brother-in-law to Camilla, Duchess of [...]
YRC goes to Rothschild July 8, 2009 YRC Worldwide, the ailing US trucking company, has asked investment bank Rothschild to evaluate potential bond exchanges as part of its restructuring plans, it emerged yesterday. Rothschild was retained early this year by YRC, but has only recently been asked to take a more active role. Rothschild, which specialises in mergers and acquisitions and restructuring, [...]
NRG asks Exelon to try again July 8, 2009 US power firm NRG Energy saw share values rise by nearly five per cent yesterday, after rejecting a buyout offer from rival electricity supplier Exelon, understood to exceed $7bn (£4.4bn), before inviting Exelon to return with a higher offer.
GM still needs Opel buyer July 8, 2009 American carmaker General Motors said yesterday that Canadian car parts firm Magna remains the preferred buyer for Opel, the European arm of its business which also includes Vauxhall in the UK. A deal has been in the offing since June, but Chinese group Beijing Automotive Industry Holding Corporation is also in the running to buy [...]
Easyjet announces new flights July 8, 2009 Easyjet yesterday announced that it will begin selling flights to Israel and Morocco later this year to add to the 111 airports around the world it already flies to. From November, one-way flights will be available from Luton to Tel Aviv six times a week from around £72, and from Gatwick to Agadir, Morocco, twice [...]
