Jayawardene shines as Sri Lanka breeze into semi against Windies June 16, 2009 SRI LANKA thrashed New Zealand by 48 runs at Trent Bridge to reach the semi-finals of the World Twenty20. Mahela Jayawardene smashed six fours and a six in a 29-ball 41 as Sri Lanka posted 158-5. Spinner Ajantha Mendis then took 3-9 to destroy New Zealand’s attempt at a reply and secure a last-four clash [...]
Airbus, Boeing in Paris slump June 16, 2009 THE PARIS Air Show has seen Airbus and Boeing bag 24 orders between them so far year, compared to over 2,700 by the same point in the show last year, as the global recession continues to take its toll on the battered companies. Airbus pulled out all the stops to sell its new A380 with [...]
Quality brands are becoming more popular again June 16, 2009 FOR a while we saw the march of the “value” brands, as the recession helped Aldi and co make advances on their more expensive rivals. The graph shows what actually happened to brand values. We have created two baskets of brands – seven associated with lower-end or “value-for-money’ (Aldi, Morrisons, Primark, Matalan, RyanAir, Walls, Subway), [...]
FSCP urges FSA consumer role June 16, 2009 The Financial Services Consumer Panel (FSCP) yesterday urged the Financial Services Authority (FSA) and the government to focus on regulation for consumers and the supervision of wholesale markets. In its response to FSA chairman Lord Adair Turner’s report on the future of regulation, the FSCP said the City watchdog should be given responsibility for issues [...]
O’BRIEN’S MASTER CLASS June 16, 2009 ODDS-ON favourite Mastercraftsman pipped Delegator to hand trainer Aidan O’Brien his sixth success in the St James’s Palace Stakes at Royal Ascot. Elsewhere, 11-4 favourite Scenic Blast blew away its rivals for a fourth Australian win in the King’s Stand Stakes in five years, while 100-30 shot Paco Boy cruised home in the Queen Anne [...]
Hanson Westhouse trading on Aim June 16, 2009 Shares in corporate finance and broking group Hanson Westhouse yesterday commenced trading on Aim following its acquisition by emerging market equity finance house SovGEM. The combined group, which has been renamed Hanson Westhouse Holdings, also successfully raised £850,000 via a placing of new shares at 59.5p a share, to fund the costs of the acquisition. [...]
Colly showed his limitations June 16, 2009 AT THE CREASE WITH ANDY LLOYDTHE British summertime might have conspired against England in Monday night’s World Twenty20 elimination against the West Indies, but the truth is that, over the whole tournament, Paul Collingwood’s men did not deserve to go beyond the Super Eights stage. Let’s face it: they were beaten by Holland and played [...]
Owner managers eye expansion June 16, 2009 Almost three quarters of entrepreneurs in owner-managed businesses are planning to make an acquisition or begin a joint venture with former competitiors in the next three years, a survey has revealed. Accountancy firm Baker Tilly questioned 300 board directors of companies with a turnover between £5m and £50m.
Eni mulls North Sea asset sale June 16, 2009 Italian oil company Eni is examining the sale of some of its assets in the North Sea worth around $1bn (£610m), its chief executive Paolo Scaroni said yesterday. “We will see if there are opportunities to make sales. From time to time we clean up our portfolio,” he said. Eni’s North Sea fields produce 20,000 [...]
Deutsche Telekom prices bond June 16, 2009 Deutsche Telekom is selling a $1.5bn (£912m) two-part global benchmark bond, one of the banks managing the sale confirmed yesterday. The offering includes $750m in five year notes expected to yield 225 basis points over comparable US Treasuries and $750m in 10 year notes expected to yield 237.5 basis points over Treauries. Barclays Capital and [...]
