Positive jobs data boosts Wall Street June 18, 2009 US STOCKS gained yesterday after a recent small pullback as data on the jobs market and regional manufacturing revived hopes that the recession-hit economy is stabilising. Government data showed that while the amount of workers filing new claims for jobless benefits rose last week, the number of people collecting aid after the first week fell [...]
We’re ready to bash the ‘Boks, says coach Geech June 18, 2009 COACH Ian McGeechan leads his British and Irish Lions side into the crunch first Test with South Africa tomorrow insisting preparation could not have gone any better. Tuesday’s bruising 20-8 success over the Southern Kings in Port Elizabeth ensured the Lions arrive in Durban with six provincial victories out of six under their belts – [...]
JUST FOUR-MIDABLE June 18, 2009 THE Aidan O’Brien-trained Yeats made history yesterday by claiming a fourth Gold Cup success at Royal Ascot. Ridden by Johnny Murtagh, the 6/4 favourite kicked away at the final bend to cruise to his record win – surpassing the achievement of Sagaro in the last 1970’s. Ryan Moore’s mount Patkai (9/2) was three lengths behind [...]
Chiefs point to Monday finish after heavy rain June 18, 2009 US OPEN officials believe a Monday night finish is a distinct possibility after torrential rain washed out the opening round at Bethpage Black. Play was suspended after just three hours 15 minutes following sustained heavy rain in New York, before a complete halt was called around 2pm local time. Half of the 156-man field had [...]
Marston’s and GKN are next to raise cash June 18, 2009 THE WAVE of companies seeking to raise fresh capital from shareholders showed no sign of abating yesterday as engineer GKN and pub group Marston’s both announced rights issues. GKN aims to raise £423m, while Marston’s is asking the market for £176m. GKN’s 50p offer price represents a 39 per cent discount to Wednesday’s closing price. [...]
GLAMOUR GALORE AT ASCOT’S LADIES DAY June 18, 2009 IT WAS Ladies’ Day yesterday at Royal Ascot, traditionally the most hotly-anticipated event in the calendar for dressing up to the nines. As usual, the racegoers didn’t let us down – among the extravagant hats on show were a blackbird, a giant ice-cream cone, a creation made out of 800 marshmallows, and even a headdress [...]
UK manufacturers stung by the recent rally in sterling June 18, 2009 MANUFACTURING firms experienced another challenging month in May as overseas demand for UK-made goods weakened on the back of a stronger pound, according to yesterday’s Confederation of British Industry (CBI) monthly industrial trends survey The CBI said that six per cent of firms described their export order books as above normal, while 58 per cent [...]
Government debt rises by 20bn in May June 18, 2009 GOVERNMENT borrowing in May increased by the largest amount since monthly records began and could reach as high as £200bn this fiscal year if it continues at its current pace, official data showed yesterday. Figures from the Office of National Statistics revealed that public sector net borrowing was £19.9bn in May 2009 and the public [...]
Poor data is a threat to UK’s green shoots June 18, 2009 A HOST of poor data released yesterday cast doubt over the prospects of Britain’s fragile economic recovery. The figures caused the pound to slip to a one-week low against the euro and gilt yields to edge higher. Retail sales fell unexpectedly in May by 0.6 per cent after an upbeat April thanks to a late [...]
US stats signal recovery underway for jobs market June 18, 2009 MORE green shoots of recovery have sprouted in the US labour market, according to the latest data, while the slumping factory sector showed dramatic signs of improvement and a gauge of the overall economy also jumped. The number of US workers filing new claims for jobless benefits rose last week but the number of people [...]
