Maersk lifts 2010 guidance July 8, 2010 DANISH group Moller-Maersk upgraded its earnings guidance for the full-year, yesterday saying its container shipping business had rebounded faster than expected. “The upgrade is due to a combination of (freight) rates and cost reductions,” chief executive Nils Smedegaard Andersen said. “We have taken $3bn out of the cost base on an annual basis, and that [...]
Spain’s diet of success July 8, 2010 HOLLAND vs SPAIN WHEN Holland take on Spain in Sunday’s World Cup final in Johannesburg they will come up against not just a highly accomplished team, but a whole culture of success. The Dutch are not short of players who have plied their trade across Europe, while the national team boast a 25-match unbeaten run. [...]
HSBC runs the rule over potential Nedbank deal July 8, 2010 HSBC is mulling the strategic sense of making a bid for South Africa’s Nedbank, majority owned by insurance group Old Mutual, it emerged yesterday. HSBC has appointed investment bank Lazard to advise on a possible takeover, Sky News reported. The emerging markets-focused group is likely to have to stump up several billions of pounds to [...]
Babcock to benefit from budget cuts July 8, 2010 DEFENCE services group Babcock International Group yesterday said it had started the 2010/11 fiscal year well and expected outsourcing opportunities to increase as Britain looks to cut its budget deficit. Babcock, which maintains Royal Navy submarines, said it had a healthy bid pipeline and its order book had remained stable at £8.3bn. “As the government [...]
KEY AREAS July 8, 2010 HOLLAND versus Spain going head-to-head in the biggest showpiece of them all throws up the prospect of a feast of free-flowing football and a number of fascinating individual battles. For the purists, it’s the ultimate final as, arguably, the two most successful nations never to have won a World Cup lock horns. But where will [...]
ANALYST VIEWS: HOW IS HAYS COPING WITH THE CHANGES IN THE JOBS MARKET? July 8, 2010 DAVID O’BRIEN | ALTIUM SECURITIES “The downturn in the public sector continues to offset improvements within the private sector. Cash flow remains strong, with the level of nebt debt ahead of our estimates (although our forecast included the recent OFT fine). We have not changed our estimates, target price or ‘hold’ recommendation.” CAROLINE DE LA [...]
Bidders begin to circle ING’s coveted property investment management unit July 8, 2010 ING Group may need to break up its world-leading real estate investment management unit to conclude a timely sale, with its bankers understood to have begun flushing out prospective buyers. Morgan Stanley is thought to have received a slew of expressions of interest to take over ING Real Estate Investment Management, just weeks after the [...]
Stagecoach boss provides £250k for heart checks July 8, 2010 HEAD of transport group Stagecoach, Brian Souter, waived £250,000 of his pay packet to fund health check-ups for its staff in its UK Bus division, according to the firm’s annual report issued yesterday. Souter was awarded £762,000 for the last financial year. Though he was entitled to a performance-related cash bonus, after a bonus freeze [...]
Dutch ace Sneijder snubs £30m Man United transfer July 8, 2010 HOLLAND star Wesley Sneijder has scuppered Manchester United’s bid to sign him by pledging his future to Inter Milan. Sir Alex Ferguson targeted the £30m-rated playmaker after being impressed by his starring role at the World Cup and Inter’s Champions League triumph. But the Dutch No10 has turned his back on a move to Old [...]
Hodgson expects Gerrard stay after intitial talks July 8, 2010 LIVERPOOL manager Roy Hodgson has declared himself confident Steven Gerrard will stay at Anfield after holding talks with the unsettled captain for the first time. Gerrard, 30, is wanted by Real Madrid and is thought to be weighing up his future after more than a decade at Liverpool. But Hodgson, who succeeded Rafael Benitez as [...]
