Third time lucky for Pyeongchang July 6, 2011 WINTER SPORTS: Pyeongchang has been chosen to host the 2018 Winter Olympics. It was third time lucky for the South Korean candidate which lost to Vancouver and Sochi respectively for the right to host the 2010 and 2014 Winter Games.
Donald hopes for links effect July 6, 2011 GOLF: World No1 Luke Donald believes playing at the Scottish Open this week will improve his hopes of winning the Open in Sandwich. Donald will play at the Castle Stuart links near Inverness for the course’s first Scottish Open. “I’ve always felt like playing links golf leading into the British Open is very important,” Donald said.
Piggy wins Greenwich event July 6, 2011 EQUESTRIAN: Piggy French won the London 2012 equestrian venue’s test event in Greenwich Park with two clear show jumping rounds aboard DHI Topper W.
House prices bounce back, Halifax says July 6, 2011 BRITAIN’S housing market slump may have turned a corner according to a leading house price survey released yesterday. The average house price rose by 1.2 per cent to £163,049 in June — “broadly unchanged from that in December”, according to the Halifax. On the less volatile three-month measure, prices were down just 0.5 per cent [...]
Investment bank fees boom July 6, 2011 INVESTMENT banks have reaped a massive $48.9bn (£30.5bn) in fees in the first six months of this year, in the largest opening half since before the financial crisis. Fuelled by a return to dealmaking by companies worldwide, fees taken by investment banks in the first half of 2011 jumped 23 per cent on the same [...]
London IPO market is hit by Greek default worries July 6, 2011 FEARS over a Greek debt default and the financial stability of the Eurozone have hit investor appetite for new company share offers in London, a new report out today from PricewaterhouseCoopers (PwC) finds. IPO delays and withdrawals have plagued the market, with the super-floats of Glencore and Vallares helping to materially boost the performance of [...]
CITY A.M. | SHADOW MPC REMAINS DIVIDED OVER INTEREST RATES July 6, 2011 ALLISTER HEATH | CITY A.M. “Quarter per cent rise. With CPI inflation stubbornly sticking to 4.5 per cent and likely to rise further, at least a small move towards normalisation is warranted. The economy is sluggish, but still growing.” SIMON WARD | HENDERSON “Raise to one per cent. High inflation threatens to become entrenched. Slow [...]
Olympics and Royal Wedding prompt a surprise spike in consumer spending July 6, 2011 CONSUMER spending rose strongly in the second quarter of the year according to data released by Visa yesterday, yet one-off factors such as demand for Olympic Games tickets may have distorted the figures. Shoppers splashed 4.4 per cent more than a year earlier, and 3.1 per cent more than in the first three months of [...]
China tightens monetary policy July 6, 2011 China’s central bank increased interest rates for the third time this year yesterday, making clear that taming inflation is a top priority even as the economy slows gently. Benchmark one-year lending rates will be raised 0.25 per cent to 6.56 per cent, and benchmark one-year deposit rates will be raised 0.25 per cent to 3.5 [...]
Profitability boost for UK firms July 6, 2011 British non-financial companies’ profitability rose to its highest since the fourth quarter of 2008 in the first three months of 2011, official data showed yesterday. The Office for National Statistics said that the net rate of return for private non-financial companies rose to 12.7 per cent from 12.5 per cent in the last three months [...]
