England gong for Anderson May 14, 2012 PACEMAN James Anderson will go into this week’s first Test against West Indies with an extra spring in his step after being named England’s cricketer of the year. Anderson, who passed 250 Test wickets to reach joint-fifth on England’s list of all-time wicket-takers, beat off competition from Stuart Broad and Alastair Cook. He said: “I’ve [...]
TEVEZ MOCKS FERGUSON AS CITY TOAST TITLE May 14, 2012 MANCHESTER City striker Carlos Tevez mocked former boss Sir Alex Ferguson with a placard that read “R.I.P. Fergie” (left) as the newly crowned Premier League champions took to the streets to celebrate pipping his old team Manchester United to the title (main). Tevez left United for arch-rivals City in 2009.
Probe into Spanish GP pit fire May 14, 2012 FORMULA ONE: Williams and governing body the FIA have launched investigations into the pit fire that marred Sunday’s Spanish Grand Prix. Four members of the team were hospitalised by the blze, which took place after Pastor Maldonado’s historic win for Williams.
Cavendish falls again in Giro May 14, 2012 CYCLING: Britain’s Mark Cavendish suffered his second crash of the Giro d’Italia as Spaniard Francisco Ventoso won stage nine. Cavendish, who wasn’t badly hurt, fell in a mass incident less than 500m from the finish. Ryder Hesjedal retained the overall lead.
Groupon posts maiden profit as sales surge May 14, 2012 GROUPON, the online company that offers discounts deals on everything from holidays to paintballing and teeth whitening, posted its first quarterly profit yesterday as marketing costs dropped and customer demand increased. Excluding one-off costs, it earned $16.3m (£10.1m), or two cents a share, while revenue soared 89 per cent to $559.3m from $295.5m a year [...]
Shareholder spring targets UBM board pay May 14, 2012 THE SHAREHOLDER spring yesterday hit another leading firm as media group UBM announced it had narrowly avoided defeat on its executive pay deal. More than 47 per cent of investors failed to back the directors’ remuneration report, a result that would have been considered extraordinary before a recent spate of shareholder rebellions against pay levels [...]
Just because it’s not called SG Warburg, don’t write off UBS May 14, 2012 In one’s head, it’s very easy sometimes to write off investment banks’ chances of being successful in advisory work and begin to think they’re not the powerhouses they once used to be, that they don’t have the star names they once did and that they’ve even dropped the names that once meant so much. How [...]
ROYAL MAIL TO SELL HALF OF ITS SORTING OFFICE May 14, 2012 Royal Mail said plans to turn over half of its main London sorting office – Mount Pleasant – into a prime residential hub will be submitted next spring, as the group tries to boost its value ahead of a 2014 privatisation. The 12-acre former prison site in north London is undergoing a £32m facelift to [...]
Investment bank revenues fall as reliance on debt sales grows May 14, 2012 INVESTMENT banks are becoming increasingly reliant on revenue from debt capital markets (DCM) as other sources of income fall, according to new research by data provider Dealogic. The Dealogic figures show that DCM revenue accounts for 36 per cent of global investment bank income so far in 2012, the highest share since 1998 on a [...]
State pension age is moving towards mid-80s, warns PwC May 14, 2012 INCREASING the pension age in line with life expectancy could add a decade to the average working life of a child born this year, according to PwC estimates published yesterday. The state pension age will rise to 67 by 2028 under current plans, but will have to rise to 68 by 2031 to keep up [...]
