Chelsea can finally take the three points needed to get Rafa up and running November 29, 2012 WEST HAM vs CHELSEA Tomorrow 12.45pm WILL it be third time lucky for Rafael Benitez? Goalless draws at home to Manchester City and Fulham haven’t done anything to sway the ‘Rafa Out’ brigade, who made their feelings known even before the Spaniard had taken charge for the first time on Sunday. And with a seven-point [...]
Teaforthree and Alfie Spinner look the best value calls in Hennessy Gold Cup November 29, 2012 THE weather has played havoc with British racing this week and tomorrow’s Hennessy Gold Cup (3.10pm) will be a thorough test where only the strongest of stayers need apply. Last season’s novice chasers are a special bunch and RSA Chase winner Bobs Worth could be the best of them. Nicky Henderson has won this race [...]
Toilet humour wins the day at business bash November 29, 2012 TO the Marriott in Grosvenor Square for the 14th annual Growing Business Awards this week. The ceremony was held to celebrate Britain’s brightest business minds, and in the spirit of 2012 was hosted by a British Olympian, Steve Cram. The night quickly went down the toilet, so to speak, with Better Bathrooms founder Colin Stevens [...]
Ladies who power lunch are celebrated at One Marylebone November 29, 2012 SOME of the City’s best-respected women flocked to One Marylebone on Wednesday, to enjoy a slap-up lunch and give themselves a well deserved pat on the back. The excuse for such a decadent afternoon was Red’s fourth annual Women of the Year awards. Representing the business ladies at the ceremony were shortlisters Lynn Rattigan, deputy [...]
Kcell and Megafon shrug aside Goldman Sachs effect November 29, 2012 In the end, the decision by Goldman Sachs to extricate itself from a leading position on the syndicate of banks advising Russia’s leading mobile telecoms group Megafon on its £7bn London and Moscow flotation didn’t turn out to be fatal. And although Goldman didn’t advise on the London flotation of Kazakhstan-based telecoms group Kcell, fears [...]
Aston Martin close to capital injection November 29, 2012 British sports car maker Aston Martin said it is in “advanced” talks with potential investors over an injection of capital into the business. Indian tractor maker Mahindra and Mahindra last week topped an offer from Italian private equity fund Investindustrial that had been agreed with Aston’s owner, Kuwaiti investment house Investment Dar, sources said. “We [...]
Barnett’s Ridley Park Paragon fund closes November 29, 2012 HEDGE fund manager Julian Barnett is shutting down his Ridley Park Paragon long/short equity fund, after two years in a torrid market, a source said yesterday. Barnett, who could not be contacted for comment, set up the $350m (£218m) fund in May 2010 after leaving his role as star fund manager at Aim-listed Polar Capital. [...]
Direct Line to cut 236 more jobs to save cash November 29, 2012 MOTOR insurer Direct Line yesterday said it was exploring plans to slash a further 236 jobs in a bid to reach its £100m cost cutting target announced in September. The firm, which recently revealed pricing for its public float, said the job losses would come across its commercial, risk and compliance and chief customer office [...]
Takeover approved for Metal Exchange November 29, 2012 REGULATORS yesterday approved the planned takeover of the London Metal Exchange (LME) by Hong Kong Exchanges and Clearing (HKEx). This means the deal to buy one of the City’s oldest – and certainly its most unusual – trading venues could complete as early as 6 December, bringing to an end 135 years of member-ownership. LME is [...]
Rio Tinto plans cost cuts and assets sell-off November 29, 2012 RIO Tinto said yesterday that it aims to axe $7bn (£4.4bn) in costs over the next two years and sell more assets to cushion itself against weaker commodity prices, while at the same time beefing up output in its lucrative iron ore business. The firm is the only global iron ore producer that has not [...]
