Redrow extends bid deadline October 4, 2012 The Takeover Panel has given Steve Morgan, the chairman and founder of Redrow, an extra two weeks to table a bid for the housebuilder. Morgan’s vehicle Bridgemere Securities, which is bidding with Penta Capital and Toscafund Asset Management, made a preliminary 152p approach in August, valuing the firm at £562m. Bid talks are understood to [...]
Who’s switching jobs October 4, 2012 Alliance Trust Savings The consumer finance division of Alliance Trust has appointed Patrick Mill as its new managing director. Mill has over 20 years’ experience in financial services, and has previously worked as sales director at Prudential and managing director of financial services at Bradford and Bingley. Linklaters Charles Clark has been appointed global knowledge [...]
Best of the Brokers October 4, 2012 TESCO UBS maintains its “neutral” rating for Tesco while raising the target price to 350p from 325p, despite first-half trading profits that slightly missed consensus estimates. SPORTS DIRECT Seymour Pierce has upgraded the athletics retailer from “hold” to “buy,” and raised its target price from 285p to 420p, saying the firm is well placed to [...]
FTSE treads waters as lack of action from ECB leaves investors nervous October 4, 2012 BRITAIN’S FTSE 100 share index stalled near the top of its recent range yesterday, supported by prospects of global central bank stimulus but struggling to break fresh ground ahead of a potentially gloomy earnings season. The European Central Bank reaffirmed its commitment to the euro and its plan to buy bonds to bring down their [...]
S&P in reach of five-year high as jobs data looms October 4, 2012 THE S&P 500 extended gains to a fourth day yesterday, putting it on the cusp of a new five-year high if today’s jobs report shows encouraging signs for the labor market. The rally was broad, with all 10 S&P 500 sectors up and financials in the lead. The S&P’s financial index gained 1.5 per cent. [...]
Rodgers riled by poor second half showing October 4, 2012 LIVERPOOL 2 vs UDINESE 3 LIVERPOOL manager Brendan Rodgers blamed the poor performance produced by his players immediately after half-time for the rapid transformation with which they went from an apparently comfortable position to a damaging home defeat. Midfielder Jonjo Shelvey capped a fine, flowing passing move with an authoritative header to give Liverpool a [...]
Hodgson holds hands up for Rio gaffe October 4, 2012 ENGLAND manager Roy Hodgson has apologised to Rio Ferdinand after details of his latest omission from the national squad were leaked following a conversation the 65-year-old had on the London underground when heading to Arsenal’s 3-1 Champions League victory over Olympiakos on Wednesday. Hodgson yesterday announced his 25-man squad for the imminent World Cup qualifiers [...]
Newcastle cruise to victory October 4, 2012 NEWCASTLE 3 vs BORDEAUX 0 NEWCASTLE won their first match in Group D after a dominant display against France’s Bordeaux. With a weekend fixture against Manchester United to prepare for, manager Alan Pardew had made seven changes to his side but they took the lead in the 16th minute with a sidefooted finish from Shola [...]
Tottenham drop points late on October 4, 2012 PANATHINAIKOS 1 vs TOTTENHAM 1 PANATHINAIKOS scored an equaliser with 13 minutes to go to deny Tottenham a true extension to their run of good form. A header from captain Michael Dawson had given Spurs a deserved 35th-minute lead but an inability to convert their dominance was their ultimate downfall when Spanish striker Toche equalised [...]
Woodward set to leave BOA role October 4, 2012 SIR Clive Woodward is to resign as the British Olympic Association’s director of sport but will retain an ambassadorial role and his seat on the entourage commission of the International Olympic Committee. “Post London 2012 is the right time for me to leave the BOA, which is now taking a new direction following a home [...]
