‘Bruised’ Moat still keen to buy Toon from Ashley November 16, 2009 NORTH-EAST businessman Barry Moat, who failed in a bid to buy Newcastle United last month, insists he will never give up hope of owning the club. Moat proved unable to meet Mike Ashley’s £80m cash asking price for the Championship outfit, following a summer of uncertainty over the Magpies’ future. He admits being rocked by [...]
SPORT IN BRIEF November 16, 2009 De la Hoya backs HayeBOXING: Oscar De La Hoya believes Britain’s new heavyweight champion David Haye can take the world by storm. Haye took the WBA belt after beating Russian giant Nikolai Valuev in Germany ten days ago and De La Hoya’s Golden Boy Promotions believe he can set the division alight both sides of [...]
Trapattoni at full-strength for France clash November 16, 2009 THE REPUBLIC of Ireland have reported a clean bill of health ahead of their crunch World Cup play-off second leg with France tomorrow night. Boss Giovanni Trapattoni conducted training with a full-strength squad for the clash at Stade de France, Paris. Assistant boss Marco Tardelli said: “We have no injuries and we have a very [...]
THE LONDON REPORT November 16, 2009 BRITAIN’S top share index hit its highest closing level in more than 14 months yesterday as a weaker dollar sparked a rally in metals prices and some upbeat US data lifted market sentiment. The FTSE 100 ended up 86.29 points, or 1.6 per cent, at 5,382.67, its highest close since September 2008 and notching up [...]
THE NEW YORK REPORT November 16, 2009 US stocks rose broadly yesterday, sending indexes to fresh 13-month closing highs, after Federal Reserve Chairman Ben Bernanke reinforced expectations that interest rates would stay low to spur growth. Bernanke repeated that the Fed was likely to keep interest rates exceptionally low for “an extended period,” a pledge that weighed on the dollar and drove [...]
Despite good results, Japan is still struggling November 16, 2009 GIVEN that the country has been languishing for much of the past 15 years, it came as something of a surprise to hear that Japan’s economy grew by a healthy 1.2 per cent in the third quarter of 2009, as exports and business investment rebounded. The stronger-than-expected data cheered the country’s Nikkei index, which rose [...]
CRUDE OIL’S STALL SPELLS BAD NEWS November 16, 2009 DAVID MORRISONCFD MARKET STRATEGIST, GFT DESPITE assurances to the contrary, the US administration wants a weaker dollar. Investors have seen this, however, and discount US Treasury Secretary Tim Geithner’s call for a strong dollar as simply hot air. Meanwhile the clear message from the Federal Open Market Committee (FOMC) is that US interest rates will [...]
Pressure still on for BA, despite the Iberia deal November 16, 2009 BRITISH AIRWAYS’ agreement to a $7bn merger with its Spanish rival Iberia has highlighted just how much the airlines have struggled during the recession. A surging oil price ahead of the financial crisis had put pressure on costs, which saw both businesses and consumers tighten their belts, causing passenger numbers to slump. The merger, said [...]
THE TIPSTER CHRISTMAS HAS ARRIVED EARLY IN THE MARKETS November 16, 2009 THE FTSE 100 smashed through 5,300 yesterday, rising 86 points to close at 5,382.67. For weeks the blue-chip index had been struggling to get through this resistance level but yesterday, it was firmly back on the upward trend. Has the traditional Santa rally started early? If so, the next target level would be the 5,500 [...]
Life in the fast lane on the Cote d’Azur November 16, 2009 ANYBODY with even a passing interest in Formula One motor racing will have seen the Fairmont Monte Carlo hotel, although they may not realise it. The hotel is perched on the edge of the harbour and forms the famous tunnel, one of the best known parts of the Monaco Grand Prix circuit. For anyone keen [...]
