Redrow beats forecasts in profits surge September 8, 2011 HOUSEBUILDER Redrow has posted better than expected pre-tax profits, thanks to a 14 per cent rise in revenues, but warned of a tough outlook for the property market. The Wales-based company posted a pre-tax profit of £25.3m in the 12 months to the end of June, compared with £700,000 the year before, beating a consensus [...]
Man Utd’s two-tier IPO plan risks investor ire September 8, 2011 Singapore Exchange’s coup in luring Manchester United to the city is threatening to turn sour as the bourse comes under fire for plans to let the club list using a structure that will minimise the influence of new shareholders. The SGX is set to approve the initial public offering of up to $1 billion from [...]
Walcott fit to face Swansea September 7, 2011 ARSENAL have been given a timely fitness boost with the news that Theo Walcott will be ready to face Swansea this weekend. The 22-year-old was left out of England’s 1-0 win over Wales on Tuesday as a precaution due to a hamstring niggle. Walcott, unlike his team, who are still searching for their first Premier [...]
Wood Group and 3i drop out of the FTSE 100 September 6, 2011 WOOD Group and 3i were the losers in the FTSE 100 reshuffle yesterday, dropping out of the index and losing out on the benefits bestowed upon companies big enough to eat at the top table. They are likely to be replaced by investment firm Ashmore and equipment supplier Bunzl, pending a final decision later today [...]
Cancer patient email row threatens to drag focus away from Man City brilliance and onto chief Cook September 5, 2011 MANCHESTER CITY’S flawless start to the new season is in danger of being soured after their chief executive, Garry Cook, found himself at the centre of a row over an email mocking a cancer-stricken woman. Dr Anthonia Onuoha, the mother and agent of City defender Nedum Onuoha, alleges she received an offensive message poking fun [...]
CITY GRANDEES IN PLOT TO BUY BANK September 5, 2011 LORD Levene’s investment vehicle, NBNK, has entered talks to buy out National Australia Bank’s UK business, in a move that could shake up the industry by creating a banking behemoth to rival the dominant players. If NBNK, run by a group of City grandees, is successful in buying both NAB’s UK holdings and the 632 [...]
Lamps still ready to shine for England, says Walcott September 4, 2011 ENGLAND’S Theo Walcott insists it is too soon to write off Frank Lampard’s international career following the Chelsea midfielder’s omission against Bulgaria. Lampard, 33, was surprisingly left on the bench in Sofia as manager Fabio Capello’s experiment with a 4-2-3-1 formation reaped a comfortable 3-0 victory. But Walcott believes the veteran of 87 caps remains [...]
Arsenal blow as Wilshere ruled out until December September 4, 2011 ARSENAL manager Arsene Wenger’s difficult start to the season has suffered another setback after midfielder Jack Wilshere was ruled out for up to three months. Wilshere, who has struggled with an ankle injury throughout the summer, had been due back by now but has instead been told he needs longer on the sidelines. It means [...]
Fulham set to host Brazil stars September 4, 2011 Chelsea’s David Luiz is among a handful of Premier League stars set to feature tonight when Brazil face Ghana at Fulham’s Craven Cottage. Liverpool’s Lucas Leiva and Sunderland’s Asamoah Gyan are also in contention to play in the friendly, along with AC Milan’s Ronaldinho, promising Santos youngsters Neymar and Paulo Henrique Ganso and Porto striker [...]
Manchester still holds edge September 1, 2011 United and City’s title rivals are now stronger, but are they strong enough? TRANSFER deadline day was even more frenzied than usual this year as Premier League managers scrambled to reinforce their squads for a campaign that already looks like being hugely competitive. Particularly busy in the final days were those clubs initially billed as [...]