Is it the end for Fred after new setback? August 3, 2010 THE longevity of Andrew Flintoff’s career was thrown into question again yesterday when his long-awaited comeback from injury was curtailed by yet another setback. The injury-plagued 32-year-old was due to return to action with Lancashire’s second string this week after spending a year on the sidelines following two knee operations. But the all-rounder wasn’t deemed [...]
Hughes hails perfect fit as Al Fayed slams Hodgson August 3, 2010 MARK HUGHES believes his appointment as Fulham boss as a “good fit” and has targeted a top-10 finish. Hughes, 46, was last week confirmed as Roy Hodgson’s successor after the Cottagers’ move for Ajax boss Martin Jol fell through. And in an unexpected twist at yesterday’s press conference, Cottagers owner Mohamed Al Fayed accused former [...]
SUMMER SALES August 3, 2010 Hammers land Ben Haim WEST HAM have further strengthened their squad after landing Israeli defender Tal Ben Haim on a five-month loan deal. The 28-year-old former Chelsea and Manchester City centre-back played under Hammers boss Avram Grant at Portsmouth and is the fourth new arrival at Upton Park. Grant also says he does not want [...]
SPORT | IN BRIEF August 3, 2010 Tendulkar in record books again CRICKET: Sachin Tendulkar yesterday became the most capped player in Test history after walking out for his 169th appearance for India. The 37-year-old surpassed the record set by former Australia captain Steve Waugh on day one of the third Test against Sri Lanka in Colombo. Tendulkar, however, couldn’t prevent Sri [...]
FSA fines RBS £5.6m over risk controls August 3, 2010 THE Financial Services Authority (FSA) fined Royal Bank of Scotland £5.6m for major breaches in its risk controls which could have facilitated terrorist financing. The FSA said that RBS, which is 83 per cent-owned by the British government, did not have adequate systems and controls in place to prevent breaches of UK financial sanctions. “By [...]
Construction slumps to a four-month low August 3, 2010 CONSTRUCTION sector activity in Britain slowed in July to a four-month low as firms’ confidence about the future deteriorated due to concerns about public spending cuts, a survey of purchasing managers showed. The Markit/Chartered Institute of Purchasing and Supply construction PMI fell to 54.1 in July from 58.4 in June, suggesting that expansion in the [...]
JC Flowers to take 50pc stake in Kent Reliance August 3, 2010 BUYOUT firm JC Flowers has said it would take a £50m stake in Kent Reliance as part of a restructuring plan. Under the deal, Kent Reliance’s assets and liabilities would be transferred to a new bank, which would become a subsidiary of a new mutual organisation, the Kent Reliance Provident Society. JC Flowers would receive [...]
Xstrata to pump $5bn into new mines August 3, 2010 Mining group Xstrata said it would pump over $5bn (£3.14bn) into new mines and keep targeting organic growth rather than acquisitions, after more than doubling first-half earnings per share on higher metals prices. Xstrata – the world’s biggest exporter of coal used in power plants – said it had approved $4.2bn to build the Las [...]
Taylor Wimpey returns to profit August 3, 2010 Housebuilder Taylor Wimpey swung to a first-half profit and said trading is satisfactory. The company kicked off first-half results from British housebuilders by posting a pretax profit before exceptional items of £19.6m, compared with a loss of £68.9m in the same period last year. After exceptional items, its profit reduced for the six months to [...]
Northern Rock’s “bad bank” back in black August 3, 2010 Northern Rock Asset Management , the remnants of Britain’s first major victim of the credit crisis, said it had returned to profit in the first half of the year after heavy losses a year ago. Northern Rock’s so-called “bad bank” – one of the two legal entities into which the original company was split – [...]
