Ford cheers but low home sales concern January 5, 2010 THE S&P 500 and the Nasdaq rose yesterday as better-than-expected factory orders and a surge in vehicle sales at Ford provided more evidence of an economic recovery. But a big decline in pending home sales, which fell in November for the first time in nine months, increased concerns about the housing market, capping the broad [...]
CITY MOVES | WHO’S SWITCHING JOBS December 21, 2009 Persimmon The housebuilder has hired Jonathan Davie as a non-executive board director, effective from 1 January. Davie, 63, is chairman of financial spread-betting firm IG Group, and is also currently a non-executive director of Portland Gas and chairman of First Avenue Partners. He has previously held roles as vice chairman of Credit Suisse and chief [...]
Up the hatch December 15, 2009 WE’VE tested some super-hot hatches on these pages, most recently Honda’s Civic Type R Mugen and earlier in the year Ford’s Focus RS, both of which are stunning performers. Here we have another. The preceding version of this car, the Renault Clio 197 Cup, had brilliant agility and grip and was a riot of fun, [...]
WHAT THE OTHER PAPERS SAY THIS MORNING December 2, 2009 FINANCIAL TIMES CIC IN €800M OFFER TO APAXChina Investment Corp, China’s sovereign wealth fund, is offering to invest as much as €800m (£723m) into Apax Partners’ €11.2bn private equity fund in a groundbreaking deal.The move, which would see CIC acquire a small stake in the management company of one of Europe’s biggest equity funds, shows [...]
Carmaker Geely seeks $1bn loans to buy Volvo December 1, 2009 Geely, the Chinese carmaker picked as the preferred bidder for Ford Motor’s Volvo unit, is seeking at least $1bn (£602m) in loans from Chinese banks to finance its $1.8bn bid, sources said yesterday. Geely, which means “lucky” in Chinese, is hungry for modern and innovative technologies from the Swedish brand to upgrade its car line [...]
A gripping drive December 1, 2009 THE LAST time I drove a Civic Type R, I found the ride quite brutal. So I have to admit to being slightly wary of having this one to test on UK roads, but it had to be done, because just 20 of them are destined for the whole of Europe. First things first, this [...]
Time to put the bags away November 30, 2009 SO, here we are, back to that fortnight in the calendar where the players can finally hang up their golf bags and visit their families after a long, hard season. The golfing year seems to get more and more demanding on the tour professional these days and the players have certainly earned their closed season [...]
Johnson: Wielding the axe would be ridiculous November 26, 2009 MARTIN JOHNSON has angrily hit back at England’s “hysterical” critics, insisting calls to sack his under-fire coaches are “ridiculous”. Former internationals Josh Lewsey and Will Greenwood led the calls for changes at the top of English rugby following the disappointing autumn internationals campaign. Forwards coach John Wells and defence coach Mike Ford were the two [...]
CITY MOVES WHO’S SWITCHING JOBS November 25, 2009 ElectraThe private equity group has appointed Roger Perkin as a non-executive director. Perkin is a former senior partner at Ernst & Young, where he spent 40 years of his career. He was previously lead auditor to UBS from 1998 to 2005 and has worked for clients including 3i, Resolution and Henderson. He also recently advised [...]