Mitchell eyes world title shot February 9, 2010 BOXING: Dagenham boxer Kevin Mitchell believes he is ready for a world title shot later this year. Mitchell, 25, became the No1 contender for the WBO Inter-Continental lightweight belt after beating Breidis Prescott on points in December. He now takes on Colombian Ignacio Mendoza at Wembley on Saturday night, and insists that victory there will [...]
Winds hit America’s Cup again February 9, 2010 SAILING: America’s Cup rivals Alinghi and BMW Oracle went into today’s delayed opening race with limited preparation after strong winds ruled out yesterday’s practice day in Valencia. Both crews were hoping to make some crucial final preparations for the start, which was delayed from Monday due to a lack of favourable wind. BMW Oracle did [...]
OFFICE CHIC GETS A SPORTING MAKEOVER February 9, 2010 HERE in the City, we are used to enjoying state-of-the-art office luxury, so it always comes as a surprise when a landlord manages to offer something quite out of the ordinary when it comes to luring in the tenants. David Saul, the managing director of serviced office firm Business Environment, is no stranger to bizarre [...]
Germany in in talks to bail out Greece February 9, 2010 GERMANY and other European countries are working on a bailout plan to save debt-laden Greece and restore confidence in the single European currency, it emerged last night. The talks, which involve a range of possible options and could yet collapse, confirm that the European Union is keen to step in to stem mounting panic in [...]
Bailing out Greece is not the answer February 9, 2010 IT is now clear that Germany, the European Central Bank and others are seriously talking about bailing out Greece. The negotiations could still collapse; but there has been a significant shift over the past 24 hours, with a panicked European establishment increasingly desperate to salvage its beloved single currency. One option would be for Germany [...]
Products set to boost ITV February 9, 2010 EMBATTLED broadcaster ITV could boost its revenues by £50m a year, after the government lifted a ban on product placement. Culture secretary Ben Bradshaw yesterday said commercial broadcasters would be allowed to accept payment for displaying branded products in most shows. ITV insiders think the firm will earn around £50m-a-year from product placement deals by [...]
Kraft makes jobs u-turn February 9, 2010 KRAFT, the US group that began its campaign to take over Cadbury by pledging to keep its Somerdale factory near Bristol open, yesterday said it would close it after all. Days after completing on the deal, Kraft blamed Cadbury for its decision. Cadbury had already planned to close Somerdale and transfer 400 jobs to Poland [...]
AstraZeneca gets drug approval February 9, 2010 Pharmaceuticals giant AstraZeneca yesterday won US approval to promote its cholesterol drug Crestor in preventing heart disease. The move by the Food and Drug Administration (FDA) expands the drug’s market to include people with healthy cholesterol but who may be at risk of other heart problems.
Cazenove chief set to quit February 9, 2010 The chief executive of JPMorgan Cazenove, Nuguib Kheraj, is set to leave his job next month because the US bank taking over the UK broker has failed to find him a mutually suitable role. The former Barclays director is a favourite to succeed Lloyds chief Eric Daniels, if he leaves.
EU could damage UK hedgies February 9, 2010 European Union plans to regulate managers of hedge funds and other alternative investments need changing to avoid damaging Europe’s economy and curbing investor choice, says a report from British MPs today. The rules include managers in the EU registering and complying with leverage caps and appointing an independent valuer.
