Chambers set for Team GB’s Olympics cut July 1, 2012 UK Athletics coach Charles van Commenee has revealed former drugs cheat Dwain Chambers is “likely” to make Team GB’s Olympic squad for the 100m sprint. Chambers in 2003 tested positive for a designer drug but remains eligible for selection after the British Olympics Association’s policy of lifetime bans for drug users was overturned, making his [...]
McCartney returns to Upton Park July 1, 2012 West Ham have signed full-back George McCartney for a third time after his loan arrival last season.
Donaldson and Woods clinch wins July 1, 2012 Tiger Woods won the AT&T National at Congressional late last night, holding off a challenge from Bo Van Pelt to secure his third victory of the year. Earlier in the evening Welshman Jamie Donaldson grabbed the Irish Open – his first ever victory out of 255 European Tour events. Donaldson won by four strokes with [...]
WIGGINS SEVEN SECONDS BEHIND IN TOUR July 1, 2012 BRITISH hopeful for the Tour de France Bradley Wiggins trails yellow jersey holder Fabian Cancellara by seven seconds after falling short in the finish of the race’s first stage yesterday. It was won by Slovakian Peter Sagan, who beat Cancellara and Norwegian Edvald Boasson Hagen in a dramatic sprint finish.
Eurozone action helps stem bank losses June 29, 2012 The FTSE 100 rose this morning as a string of measures aimed at patching up the Eurozone injected more confidence into markets. Leaders of the bloc agreed to take emergency action to bring down Italy and Spain’s surging borrowing costs, create a single supervisory body for eurozone banks, and enable the bloc’s ESM bailout fund [...]
EU deal to help banks June 29, 2012 Eurozone leaders agreed to bend their aid rules to shore up banks and bring down the borrowing costs of stricken members like Italy and Spain, in a sign the bloc is adopting a more flexible approach to solving its two-year old debt crisis. The measures, agreed after 14 hours of intense talks that pitted Rome [...]
Nike profits dip June 29, 2012 Nike reported an eight per cent fall in fourth-quarter profits to $549m (£354m), despite them expecting a lift from the Olympics. The company battled with a cost increase for labour and material and offset this by raising their product prices. Their fourth quarter revenues rose 12 per cent to $6.5bn, which was below expectations. Overall [...]
Credit Suisse makes profit in second quarter June 29, 2012 Credit Suisse made a profit in the second quarter, including at its under-fire investment bank, it said on Friday, in an unscheduled statement that underscores the pressure it is feeling to restore confidence in its battered shares. Credit Suisse shares have slumped to 20-year lows this week following a rebuke from the Swiss National Bank [...]
Melrose agrees $2.3bn Elster acquisition June 29, 2012 British buyout group Melrose announced on Friday an agreed deal to buy German utility-meter maker Elster Group for £1.4bn ($2.3bn) in its first major deal for four years. Melrose, which buys underperforming manufacturing businesses and turns them around before selling them, said it would pay $20.50 for each Elster American depositary share, at a 43 [...]
AB InBev in $20bn deal for Modelo June 29, 2012 Anheuser-Busch InBev, the world’s biggest brewer, said it would swallow the half of Grupo Modelo it does not already own for $20.1bn in the latest of a string of deals by big brewers looking for growth in emerging markets. The owner of Budweiser and Stella Artois beers said on Friday it had reached agreement with [...]
