Trust The Fugue to bounce back from unlucky Oaks defeat June 20, 2012 THIS year’s Investec Oaks turned out to be a messy race and the unluckiest filly in the field was undoubtedly John Gosden’s THE FUGUE. William Buick’s mount was almost brought down on the back straight, but finished with such a rattle that she would surely have won had she not met with that interference. I [...]
Progressive Grandeur has the class to step up to next level June 20, 2012 I HAVE already talked up the chances of Trader Jack in the Britannia, so I just can’t ignore the aforementioned GRANDEUR in the following Tercentenary Stakes (5.00pm). Jeremy Noseda’s Verglas gelding was very impressive at Goodwood and then didn’t really seem to handle the camber at Epsom on Derby day. He still managed to finish [...]
Greek politicians form government June 20, 2012 Greek politicians today agreed a coalition government intent on renegotiating the terms of an international bailout that is staving off bankruptcy but fuelling social tensions. The government brings together the conservative New Democracy party and Socialist PASOK in an uneasy alliance of rivals facing an emboldened opposition determined to fight against austerity. Party leaders said [...]
News Corp bids £1.3bn for Packer’s Australian TV business June 20, 2012 One of the longest-running rivalries in the media business is set to come to an end after Rupert Murdoch’s News Corp made a bid of 2bn Australian dollars (£1.3bn) for James Packer’s Consolidated Media Holdings. Packer is the son of the late Kerry Packer, who fought many battles with Murdoch for control of the Australian [...]
Rio Tinto aims for a third of global trade in iron ore June 20, 2012 Mining firm Rio Tinto announced today that it will spend $3.7bn (£2.4bn) on increasing its Australian iron ore output by a further 25 per cent in the next three years. The decision is a vote of a confidence in China’s continued growth and shrugs off fears of global over-supply and waning demand. Rio Tinto currently [...]
Inflation falls at last – but the damage has already been done June 20, 2012 AT last, Britain’s inflation problem is abating. Prices are still increasing too quickly – inflation remains at 3.1 per cent on the retail price index and 2.8 per cent on the consumer price index, painful as wages are growing far less quickly. But the direction of travel is reassuring. The Bank of England – by [...]
KKR CASHES IN AS BOOTS SOLD IN $16BN PLAN June 19, 2012 PRIVATE equity firm KKR yesterday confounded its critics by pulling off a deal to sell 45 per cent of pharmaceutical giant Alliance Boots to US firm Walgreens for an initial $6.7bn (£4.3bn). In three years Walgreens will have the option to complete the takeover and buy the remaining 55 per cent stake. The deal will create [...]
G20 split emerges over rescue plan for Italy and Spain June 19, 2012 DIVISIONS emerged at the G20 summit in Mexico last night over plans for Europe’s bailout funds to snap up the debt of member states such as Italy and Spain. European officials briefed that a consensus had been reached on the need to cut borrowing costs of troubled Eurozone governments, leading to reports that even German [...]
High-tax UK losing out as investors favour Germany June 19, 2012 HIGH taxes, expensive workers and a lack of decent office space is driving foreign investors away from the UK and into Germany, according to a damning new report published today. Unless major changes are made, the UK will lose its place as Europe’s top destination for foreign direct investment (FDI) to Germany within the next [...]
Inflation falls at last – but the damage has already been done June 19, 2012 AT last, Britain’s inflation problem is abating. Prices are still increasing too quickly – inflation remains at 3.1 per cent on the retail price index and 2.8 per cent on the consumer price index, painful as wages are growing far less quickly. But the direction of travel is reassuring. The Bank of England – by [...]
