US home sales rise during May June 24, 2009 SALES of previously-occupied homes in America rose in May for the second consecutive month in a row, though the results fell short of analysts’ expectations. The National Association of Realtors said sales rose 2.4 per cent between April and May, to an annual rate of 4.77m. Analysts had forecast an annual rate of around 4.81m. [...]
Wogen gets a 41p share offer June 24, 2009 METALS trader Wogen said yesterday it had received an £18.6m approach from its executive directors and the company’s co-founder, Colin Williams. An offer, if made, will be in cash and priced at 41p per share. In a separate statement, the specialty metals and minerals trader said it swung to a pre-tax loss of £3m in [...]
THE LONDON REPORT June 24, 2009 MINERS and banks were buoyed by better US durable goods data yesterday, offsetting weaker food retailers and producers and driving the FTSE 100 up by 1.2 per cent, or 49.96 points, to close at 4,279.98. The index has gained more than 23 per cent since hitting a six-year low in March, but is still down [...]
NEW YORK REPORT June 24, 2009 THE Dow fell for the fourth day and other indexes ended well off the day’s highs yesterday after the Federal Reserve reiterated concerns about the economic outlook at the end of its policy meeting. Technology shares sustained some strength, bolstered by stronger-than-expected quarterly results from software maker Oracle. The Fed, as expected, left the benchmark [...]
Football Association touting rights after Setanta’s demise June 24, 2009 THE FOOTBALL Association (FA) and the owners of other sports rights previously held by Setanta are desperately searching for new buyers to fill the payment void left by the collapse of the Irish pay-TV broadcaster. Setanta held the rights to the English and Scottish Premier Leagues, Premier Rugby, PGA golf, FA Cup and England football [...]
BARCLAYS TAKES THE METRO June 24, 2009 NEW YORK’S Brooklyn Atlantic Avenue subway hub is going to be renamed Barclays, after the bank struck a $4m (£2.4m) deal with the city’s transport authority. Barclays’ New York offices are actually in the more glamorous Manhattan, but the Barclays Centre sports arena is being built in Brooklyn as part of a local regeneration project, [...]
China snares 4.4bn Addax June 24, 2009 CHINESE state-owned Sinopec agreed a takeover of London-listed oil producer Addax yesterday, in a deal worth C$8.3bn (£4.4bn). The offer of C$52.80 a share – which comes after a behind-the-scenes bidding war with Korea National Oil – is a 16 per cent premium to Addax’s closing share price on Tuesday and more than four times [...]
Sharapova stunned by early exit as Federer sails through June 24, 2009 FORMER champion Maria Sharapova blamed injury after being dumped out of Wimbledon at the second round by unseeded Argentine Gisela Dulko yesterday. Sharapova, seeded 24, looked far short of the form that carried her to the title in 2004 as she slumped to a 6-2, 3-6, 6-4 defeat on Centre Court. The three-time grand slam [...]
Omens good for Murray but Gulbis is no pushover June 24, 2009 ANDY MURRAY does not come across as the superstitious type, but if the British No1 is looking for omens on his quest for Wimbledon glory then today’s opponent could be a good one. Latvian Ernests Gulbis, who Murray faces in the second round, exited the tournament at the same stage last year. The man who [...]
Peace breaks out after FIA bow to teams June 24, 2009 THE BIGGEST names in F1 will take their places on the grid next year after governing body the FIA, and their embattled president Max Mosley, caved in to pressure from rebel teams’ group FOTA yesterday. The bitter war that has divided the sport was ended when the FIA agreed to scrap controversial plans for a [...]
