Manitowoc wins Endois auction July 1, 2008 Manitowoc last night snapped up British kitchen appliance maker Endois, fending off fierce competition from rival Illinois Tool Works. Both firms went head to head in an auction to take over Endois, but USbased Manitowoc’s offer of 328p a share won through. “Throughout this process, we reaffirmed our belief in the opportunities that Enodis provides. [...]
Setanta’s £125m bet July 1, 2008 Setanta Sports has upped its multimillion-pound gamble to take on the dominant Sky Sports by paying a record £125m for the rights to the Scottish Premier League. The new four-year deal is the largest in Scottish football history and will go through to 2014. It is more than double the £54m Setanta paid for its [...]
Emergency share issue on the cards for Taylor Wimpey July 1, 2008 Confirmation from the UK’s largest housebuilder, Taylor Wimpey, that it is seeking to shore up its balance sheet will start a wave of refinancing across the sector, analysts warned yesterday. The housing company said it expects to write down the value of its land bank by around £660m, and revealed it was in talks with [...]
UK mortgages crash July 1, 2008 House prices were yesterday forecast to plummet even further as mortgage approvals hit their lowest level since records began and below the level of the 1990s recession. Data from the Bank of England showed that mortgage approvals for house purchases had plummeted to 42,000 in May from 58,000 in April. Mortgage approvals have now dropped [...]
Growth fears as oil surges to fresh peak July 1, 2008 Motorists and business to be hit as oil hits a new record of $143 a barrel in New York Crude oil prices rose to a record high of over $143 per barrel yesterday due to tensions in the Middle East, stoking fears that the global economy is being throttled by a double whammy of sky [...]
Interest rate fears as gas prices surge July 1, 2008 Centrica hikes prices by record 35 per cent in move that will further squeeze consumers British Gas owner Centrica said yesterday it would raise gas prices by a record 35 per cent and electricity prices by 9 per cent as it passes on rising energy costs to householders. The country’s largest energy supplier, with 16m [...]
Giving the dream July 1, 2008 Fund manager Nicola Horlick wants to do her bit for society, she tells Timothy Barber Nicola Horlick has never been known for mincing her words. When asked about the turmoil currently engulfing Western economies, the chief executive of Bramdean Asset Management is characteristically forthright. “This all feels like the last days of the Roman Empire, [...]
Using CFDs to jazz up a DIY pension July 1, 2008 New rules on Sipps mean that there are even more ways to plan for the future, says Katie Hope Last week, the government announced that as of October, the estimated 10 million people holding money in protected rights pension pots will be able to transfer it into a Self Invested Personal Pension, otherwise known as [...]
Williams sisters eyeing a family affair as Jankovic crashes to shock defeat July 1, 2008 The Williams sisters are lining up a third singles final showdown after No2 seed Jelena Jankovic joined the list of high-profile casualties at Wimbledon. The Serb, clearly struggling with a knee injury, collapsed to a 6-3, 6-2 defeat to Thailand’s Tamarine Tanasugarn to leave the quarter-finals without any of the top four seeds for the [...]
Murray roars into last eight with epic win July 1, 2008 British No1 Andy Murray surged back from a seemingly insurmountable position to beat eighth seed Richard Gasquet and reach his first Grand Slam quarter-final. Murray looked finished at two sets and 5-4 down but mounted an epic recovery that enthralled Centre Court and reached its climax almost four hours after play began. The Scot seemed [...]
