Redrow April 27, 2010 NO ONE can deny that Redrow’s management team has engineered an impressive recovery. With the once moribund housing market showing signs of life, the firm says that sales rates per outlet are comfortably ahead of the same period last year. Falling prices and soaring cancellation rates are also showing signs of stabilisation. Unlike some of [...]
Deutsche Bank in record profit April 27, 2010 DEUTSCHE Bank profits jumped by almost 50 per cent jump to €1.8bn euros (£1.6bn) for the first quarter. Germany’s largest lender said its corporate and investment banking arms had recorded record profits. The bank put aside €262m euros to cover bad loans in the first quarter, 50 per cent down on the same period last [...]
Imperial Tobacco sees rise in earnings April 27, 2010 IMPERIAL Tobacco , the world’s fourth-biggest cigarette maker, beat forecasts with a 16 per cent rise in half-year earnings and looked towards a better second half as recovery kicks in. The company, with cigarette brands including Lambert & Butler, West and Gauloises, said on it saw the downturn cut its volumes 3.7 per cent in [...]
Lloyds back in the black as bad debts ease April 27, 2010 LLOYDS Banking Group has confirmed it has returned to profit for the first three months of this year. The company, which is 41 per cent-owned by the taxpayer, said it expected to continue to make profits throughout the rest of the year. It said the rate of “impairments” has improved – which effectively means it [...]
BP profits surge to £3.6bn on oil price rise April 27, 2010 OIL giant BP has seen its profits more than double to $5.6bn (£3.6bn) in the first three months of the year. Rising oil prices have helped to fuel the jump which is equivalent to 135 per cent on the same quarter last year. Oil prices averaged $76 a barrel in the first three months of [...]
City poised to sign Fulop on special loan April 26, 2010 MANCHESTER City are today expected to be granted special dispensation to sign a goalkeeper on an emergency loan deal until the end of the season. Sunderland’s Marton Fulop, who is out-of-favour at the Stadium of Light, is believed to be the preferred candidate for a three-match contract. City made a plea to the Premier League [...]
Modi launches bid to clear name in IPL bribery probe April 26, 2010 LALIT MODI stood his ground last night after being suspended from his role as chairman of the Indian Premier League amid allegations of corruption. Modi was ousted by the Board of Control for Cricket in India (BCCI) just hours after the conclusion of the third IPL tournament in Mumbai on Sunday night. Vice-president of the [...]
Injuries will help me perform at World Cup, insists Rooney April 26, 2010 HE may have injury concerns just weeks before the World Cup, but Wayne Rooney believes England will reap the benefits of his lay-off in South Africa. The PFA Player of the Year missed Manchester United’s win over Tottenham on Saturday with a groin problem, having only just recovered from an ankle injury. It hardly seems [...]
I’m desperate for Zola to stay with Hammers, claims Gold April 26, 2010 WEST HAM co-chairman David Gold says he is “desperate” for under-fire manager Gianfranco Zola to stay with the club next season. Saturday’s 3-2 victory over Wigan means the Hammers have secured their Premier League safety unless Hull can somehow pull off a six-point swing in the final two games, while overturning a goal difference of [...]
Ex-Spurs man takes reins at Fulham foes Hamburg April 26, 2010 FULHAM’S quest to reach a first European final received a huge boost yesterday when semi-final opponents Hamburg sacked their manager. Bruno Labbadia was axed just three days before the return leg in London, with the score still locked at 0-0 after last week’s first-leg stalemate. Labbadia, who had only been in charge since last summer, [...]
