NATCHO, NATCHO MAN: Spurs sunk in Russia November 3, 2011 RUBIN KAZAN (1) vs TOTTENHAM (0) TOTTENHAM defender Sebastien Bassong apologised for his mistake which cost his side a vital Europa League point in the absence of his recovering manager Harry Redknapp. The Spurs chief returned home after being released from hospital last night following minor heart surgery on Wednesday. But Redknapp’s spirits would not [...]
Russia set to join the WTO November 2, 2011 Russia removed the last major hurdle to its 18-year-old bid to join the World Trade Organisation yesterday by agreeing to a compromise deal with Georgia, and it could now join the global trading club within months. WTO entry would make Russia’s $1.9 trillion economy, the biggest outside the 153-member club, more attractive to investors and [...]
Polymetal in debut day on London exchange November 2, 2011 RUSSIA’S fourth biggest gold miner Polymetal was yesterday officially admitted to the London Stock Exchange after switching from a Moscow listing. The move follows a £491m share placing that values the company at £3.55bn. The placing was priced at £9.20 – the bottom of the range that was set between £9.10 and £10. Sources said [...]
Heart surgery won’t force Harry into retirement, insists Bond November 2, 2011 TOTTENHAM manager Harry Redknapp is recovering after minor heart surgery but he won’t be forced to consider early retirement, according to his assistant Kevin Bond. Redknapp was admitted to hospital on Tuesday with a cardiac problem and had two stents inserted to unblock coronary arteries on yesterday. Spurs have already announced that the 64-year-old will be [...]
Hugo Boss results defy the gloom November 2, 2011 HUGO BOSS, the German fashion house, posted a better-than-expected rise in third quarter profits yesterday, as the luxury sector continued to defy the effects of the global economic slowdown. The business, which is majority owned by the private equity firm Permira, reported a 30 per cent rise in bottom-line profit to €119.7m (£103.1m) in the [...]
Time to reach for the stars: Britain’s new space industry has the potential to blast off November 2, 2011 SIR RICHARD Branson opened the world’s first commercial spaceport last month. As his new venture Virgin Galactic recognises, space is an industry where the sky’s not the limit. For too long the domain of superpower rivalry between America’s Nasa and Russia’s Federal Space Agency, space is now giving way to the private sector, funded by [...]
Credit Suisse slashes jobs in UK and US November 1, 2011 CREDIT Suisse has announced it will slash 1,500 jobs as part of an overhaul that will see it refocus away from its traditional European bond trading business and towards high-growth markets in Asia and South America. The losses will fall most heavily on its fixed income and credit business, following deep job cuts already in [...]
RBC Capital Markets and City’s shifting sands October 31, 2011 OCCASIONALLY the move of a key employee from one investment house to another inadvertently sums up the varying fortunes of the two groups involved in the transfer. And so it is with James Eves, who has quit UBS after 11 years to join RBC Capital Markets in its pan-European financials team. Eves leaves UBS shortly [...]
TNK-BP inks $1bn Brazil deal October 31, 2011 BRAZILIAN oil start-up HRT said yesterday it signed a $1bn (£619.4m) agreement with BP’s Anglo-Russian oil joint venture TNK-BP for the sale of a stake in oil fields in the Amazon. HRT said it would receive the funds over two years for the sale of a 45 per cent stake in 21 exploratory blocks located [...]
SPORT | IN BRIEF October 27, 2011 Tuilagi out injured for six weeks RUGBY UNION: Leicester Tigers centre Manu Tuilagi is likely to be out of action for six weeks with a broken cheekbone. Tuilagi, one of the few on-pitch success stories from England’s World Cup campaign in New Zealand, was hurt in last week’s win over Gloucester. The injury will rule Tuilagi out [...]