Favourite Carlton House declared for the Derby June 2, 2011 THE QUEEN’S Carlton House is poised to run in tomorrow’s Investec Derby despite injury fears after being declared in a 13-strong field for the Epsom Classic. Concerns were raised over the ante-post favourite’s participation earlier this week when swelling was found in his leg following a workout. But the Sir Michael Stoute-trained colt came through [...]
Why crises are good news for the EU June 2, 2011 THERE are two kinds of organisations: those that are rewarded for failure with more power and greater budgets, including most regulators, and those that are punished for their mistakes, including private firms operating in a real free-market with no bailouts. The European Union is very much in the first camp. The proposal yesterday by the [...]
Frankie won’t be Blue June 2, 2011 FINDING the winner of the Investec Oaks is no easy task, as Look Here proved when surprising everyone at 33/1 a couple of years ago. This afternoon’s renewal (4.05pm) is no different as a number of the fillies have the potential, and in some cases the breeding, to win it, but haven’t shown enough on [...]
Carlton’s injury makes Derby puzzle trickier June 2, 2011 JUST over a week ago, I was standing on the heath at Newmarket watching Investec Derby favourite Carlton House strut his stuff. He looked majestic in the early morning sunshine and there was a sense of inevitability about him finally landing the world’s premier race for his most famous of owners. Yet, the Queen’s dream [...]
Northumbrian posts jump in profit after review of prices June 1, 2011 NORTHUMBRIAN Water yesterday reported a higher annual pre-tax profit, helped by an increase in water and sewerage charges and steady demand from its customers. Pre-tax profit rose six per cent to £181m in the year to the end of March, slightly above estimates of £177.6m. Sales were up five per cent at £738.1m, in line [...]
Connections poised to make a call on Derby favourite Carlton House June 1, 2011 CONNECTIONS are likely to wait until tomorrow to make a decision on whether Investec Derby favourite Carlton House will run in the Epsom showpiece on Saturday. The Queen’s colt (right), forced his way to the head of the betting for the highlight of the flat racing season on the back of his eye-catching victory in [...]
Injury scare for Derby fave Carlton May 31, 2011 THE QUEEN’S Carlton House, the favourite for the Investec Derby, remains poised for Saturday’s Epsom classic despite an injury scare. The colt was sent for X-rays yesterday after concerns were raised following a workout on Sunday, but is still expected to take part in the world’s most famous flat race. Her Majesty’s racing manager John [...]
New bidder enters race for AssetCo May 31, 2011 A THIRD bidder is circling troubled London fire engine supplier AssetCo in addition to the two already named, City A.M. has learned. Manchester-based turnaround and investment house Consilia Partners is currently meeting AssetCo’s shareholders as it prepares to make a bid. Consilia enters the bidding alongside Bahraini fund Arcapita and Italian investor Investindustrial, both of [...]
HSBC Germany in talks with WestLB May 31, 2011 HSBC’S German private banking arm is in talks to buy a large part of WestLB, the nationalised German lender. Andreas Schmitz, chairman of HSBC Trinkaus & Burkhardt Rothschild, has said that the bank is “in talks” to buy a chunk of the German bank. He did not confirm which unit HSBC is looking at, but [...]
Ronson project makes first deal May 31, 2011 LONDON property tycoon Gerald Ronson’s new investment vehicle completed its maiden purchase yesterday. Ronson Capital Partners (RCP), “a club of like-minded partners” drawn mostly from the UK and the Middle East, has spent £63m on International House on Chiltern Street, Marylebone. RCP aims to demolish the 12-storey tower once the existing tenants’ lease deals expire [...]