BEST OF THE BROKERS May 25, 2010 INVESTEC Citigroup reiterates its “buy” rating for Investec and said that the bank’s client franchise businesses should benefit from an expected cyclical recovery in 2011. Moreover, Citi believes it is in a stronger competitive position than it was before the global financial crisis given the misfortunes of many of its peers. SANTANDER Evolution Securities maintains [...]
CITY MOVES | WHO’S SWITCHING JOBS May 25, 2010 Electra Private Equity Electra has appointed Colette Bowe as chairman after three years on the board. Bowe, an economist, began her career at the Department of Trade and Industry and then became chief executive of the Personal Investment Authority and chairman of European asset management at Robert Fleming. She is currently a board member at [...]
Ofgem warns on mergers May 25, 2010 ENERGY regulator Ofgem yesterday called for a change in energy network legislation, saying industry mergers could hamper its ability to regulate effectively. Ofgem said while some mergers could benefit customers, a reduction in the number of companies in the networks sector would make it more difficult to push for efficiencies and improve service for customers. [...]
Prudential and BA suffer as reputations sink May 25, 2010 YOUGOV’S BrandIndex scores show the insurance giant Prudential slipping since its announcement that it intends to acquire the Asian life insurance firm, AIA. BrandIndex has witnessed a dramatic drop in Prudential’s buzz score, which is measured by taking those who have heard something positive about a brand in the last week and subtracting those who [...]
Boost for plastics manufacturer Victrex as sales and profits surge May 25, 2010 HIGH-TECH plastics company Victrex today posted a three-fold increase in first-half pre-tax profit and raised its interim dividend by 23 per cent. The Lancashire-based polymers and thermoplastics manufacturer said pre-tax profits were £30.8m compared with £10.2m in the same period a year earlier, with revenues rising 88 per cent to £89.3m as underlying sales growth [...]
Barry’s hopes still hang in the balance May 25, 2010 GARETH BARRY has been given until the last possible minute to prove his World Cup fitness after undergoing scans on his injured ankle. The Manchester City midfielder saw a specialist last night to determine the severity of the ligament damage suffered in the penultimate league game against Tottenham earlier this month. City initially set Barry’s [...]
CAPELLO’S DILEMMAS May 25, 2010 IT IS hard to know what Fabio Capello is thinking at the best of times; that lived-in face betrays few emotions aside from rage. But if the inscrutable Italian already knows his 23 for the World Cup, and his favoured starting XI, he is doing a good job of hiding it. Monday’s lacklustre win over [...]
King confident body will cope with England duty May 25, 2010 ENGLAND defender Ledley King insists his injury-ravaged knees can cope with the demands of playing a key role at the World Cup. King capped a fine season with Tottenham by making his first international appearance for three years in Monday’s friendly defeat of Mexico. The 29-year-old is now widely tipped to be part of Fabio [...]
Hleb warns Cesc: Don’t make same mistake as me May 25, 2010 FORMER Arsenal star Alexander Hleb last night urged Cesc Fabregas not to make the same mistake as him and leave the Gunners for Barcelona. Hleb joined the Catalan giants in a £13m deal in 2008 but found first-team opportunities limited at Camp Nou and was eventually packed off to former club Stuttgart on loan. Like [...]
Co-owners Gold and Sullivan raise the stakes for Hammers May 25, 2010 WEST HAM co-owners David Sullivan and David Gold splashed out £8m yesterday – to increase their stake in the club. The pair, who brought 50 per cent of the Upton Park club from Icelandic group CB Holdings in January, have now increased their shares from 25 per cent each to 30 per cent. Sullivan and [...]
