Freedman in talks with Bolton October 22, 2012 ■ FOOTBALL: Crystal Palace manager Dougie Freedman has been given permission to speak to Bolton about their managerial vacancy. Fulham, however, have rejected an approach from Blackburn to speak to assistant Billy McKinlay about the managing job they hoped to offer Tim Sherwood.
Barker hopeful over ring return October 22, 2012 ■ BOXING: Darren Barker against Kerry Hope, Lee Purdy against Carson Jones, and Gavin Rees are all scheduled to fight on December 8 at Olympia in London, and British and Commonwealth heavyweight champion David Price is to defend his titles against Matt Skelton at Aintree on 30 November.
BP sells TNK-BP stake to Rosneft October 22, 2012 BP this afternoon agreed to offload its 50 per cent stake in TNK-BP to Russian state-owned oil firm Rosneft for $12.3bn in cash and an 18.5 per cent shareholding. Rosneft will pay $17.1bn in cash and shares representing 12.84 per cent to BP, but the British oil major will also acquire a further 5.66 per [...]
FTSE 100 down as Japanese exports fall October 22, 2012 The leading share index fell back this morning, as weak economic data from Japan weighed on sentiment. Sausage skin maker Devro led the poor performers this morning, shedding 7.74 per cent as it issued a profit warning. Brewer Punch Taverns fell 4.41 per cent, while software development firm Northgate dropped 4.4 per cent. Trading software [...]
Japanese exports fall sharply October 22, 2012 Japanese exports tumbled at their sharpest pace in the year to September since the aftermath of the 2011 earthquake. Exports fell 10.3 per cent in the year to September, down for four months in a row, official data showed this morning. Shipments of cars, ships and electronics led the decline. In separate data, manufacturers’ sentiment [...]
Devro warns on profits October 22, 2012 Sausage skin maker Devro this morning sounded a profit warning, as a result of adverse currency swings and higher costs. The British firm said that sales volumes continued to grow in Japan, Europe and the Americas, and overall market demand remained strong. It added that raw material prices had risen, and this was expected to [...]
BP and Rosneft on brink of announcing deal October 22, 2012 BP and Rosneft are on the verge of announcing a deal worth more than $25bn (£16bn), that will see the British oil major exit troubled joint venture TNK-BP and take a stake in the Russian state-controlled energy firm, it is understood. The deal has yet to be finalised, although BP this morning confirmed this morning [...]
Investors reap record payouts October 22, 2012 INVESTORS enjoyed a cash bonus in the third quarter as dividend payments from UK companies hit a record high of £23.2bn, according to research released today. Payouts to shareholders are up 10.4 per cent on the same period last year, with more than four out of every five firms increasing their dividend. But the celebrations [...]
BP set to reveal deal with Rosneft as it exits Russian venture October 22, 2012 BP hopes to unveil a multi-billion pound escape route from its troubled Russian joint venture as early as today, in the form of a long-awaited shares and cash tie-up with state-owned energy giant Rosneft. The agreement, which was last night yet to be finalised after weeks of boardroom talks, will get BP out of TNK-BP, [...]
… but profit warnings are on the up too October 22, 2012 BRITISH firms issued 68 profit warnings between July and September, the worst third quarter since the peak of the financial crisis in 2008. One of the wettest summers on record contributed to the struggles of listed companies but most of the blame lies with the “underlying weakness of the UK and global economy”, a report [...]
