IDC puts itself up for sale January 14, 2010 US-listed global information provider Interactive Data Corporation (IDC), majority owned by media company Pearson, is believed to be seeking possible buyers. IDC’s stable cashflow and high profit margins are likely to prove of interest to private equity groups, with its fixed income and illiquid securities pricing business proving resilient in the recent recession. A sale [...]
WEF warns of fresh trouble January 14, 2010 There is now more than a one-in-five chance of another asset price bubble implosion costing the world more than £1 trillion, and similar odds of a full-scale sovereign debt crisis, the World Economic Forum (WEF) warned yesterday in its annual report on global risks. It cited a sharp slowdown in China as one of the [...]
Rio Tinto makes iron ore record January 14, 2010 London-listed miner Rio Tinto reported a 50 per cent jump in fourth-quarter iron ore production yesterday, reflecting surging demand from Chinese steel-makers and setting an Australian mining record. However, Rio said it remained cautious for the year ahead.
Banks and miners lift FTSE but retail shares take a dive January 14, 2010 STRENGTH in miners helped Britain’s top share index to a 0.5 per cent rise by yesterday’s close after soaring output figures from Rio Tinto boosted the sector, but retailers fell on weak trading updates. The FTSE 100 ended 24.72 points higher at 5,498.20 after falling for two days, pressured by China’s decision to tighten banks’ [...]
Technology stocks boost Wall Street January 14, 2010 TECHNOLOGY shares drove Wall Street higher yesterday on bets ahead of Intel’s quarterly results that business spending will bolster profits in the sector. After the bell, Intel Corp, a Dow component and the world’s largest chipmaker, reported a quarterly profit that beat expectations. Its shares rose 2.5 per cent ahead of the results. Intel results [...]
Trio of injuries deepen Reds’ misery January 14, 2010 LIVERPOOL’S traumatic week went from terrible to cataclysmic yesterday when a glut of fresh injuries saw top scorer Fernando Torres ruled out for at least six weeks. Under-fire Reds manager Rafael Benitez must have wondered how circumstances could get much worse on Wednesday night after watching his side’s FA Cup hopes die with a third-round [...]
Milner’s strike puts Villa in sight of Wembley final January 14, 2010 BLACKBURN (0) vs ASTON VILLA (1) JAMES MILNER’S first-half strike helped Aston Villa take a big step towards a Wembley final, while piling on the misery for under-fire Rovers boss Sam Allardyce. Milner finished off a classic breakaway move midway through the half, turning in Stewart Downing’s cross to hand Martin O’Neill’s side the advantage [...]
Fiery Steyn inflicts pain to send poor England crashing January 14, 2010 PAUL COLLINGWOOD insists England’s dramatic first innings collapse was not as bad as it seemed as South Africa took charge of the fourth and final Test in Johannesburg. Fast bowler Dale Steyn made full use of the seamer-friendly conditions to bag figures of 5-51 as England surrendered for a paltry 180 on a dismal opening [...]
Redknapp hit with tax evasion charge January 14, 2010 TOTTENHAM manager Harry Redknapp will appear in court next month after being charged with two counts of tax evasion. Redknapp, 62, is accused of cheating the public revenue of around £40,000, relating to two payments totalling £183,000 from former Portsmouth chairman Milan Mandaric. Ex-Pompey manager Redknapp was charged yesterday after voluntarily attending Bishopsgate police station [...]
We can win the Six Nations, claims Ugo January 14, 2010 UGO MONYE is backing England to answer their critics with a first Six Nations title in seven years. The Red and Whites have not lifted the trophy since Clive Woodward’s since triumphed in 2003 – before they then went on to win the World Cup. Head coach Martin Johnson captained the team that year and [...]
