Veteran Duff celebrates as Ireland end 10-year wait for tournament football November 15, 2011 REP OF IRELAND 1 vs ESTONIA 1 (REP OF IRELAND WIN 5-1 ON AGGREGATE) REPUBLIC of Ireland stalwart Damien Duff hailed last night’s qualification for Euro 2012 as one of the finest accomplishments of his career. Leading 4-0 from the first leg in Tallinn, Stephen Ward’s 34th minute goal eliminated any lingering doubts over the [...]
PM calls for Euro reforms November 14, 2011 David Cameron has used his Lord Mayor’s banquet speech to describe the euro crisis as an “opportunity” for fundamental reforms to the European Union, calling for a renewed focus on growth, lower spending and less regulation. He also suggested that it was in Britain’s interests to allow more trade with firms from countries such as [...]
Permira sell-off sparks Hugo Boss stock slump November 14, 2011 SHARES in Hugo Boss dived yesterday after Permira’s decision to cash in some of its shares sparked fears the private equity group would offload the rest of its stake in the German fashion house. Hugo Boss closed down 6.36 per cent at €67.98 after holding company The Red & Black, controlled by Permira, said it [...]
OECD says global growth slowing November 14, 2011 Countries that have been growing strongly, including Japan, Russia and the US, are set to slow down towards their long-term trend rate, according to a report out yesterday from the Organisation for Economic Co-operation and Development (OECD). Meanwhile, economies like the UK, Brazil, China and the Eurozone are expected to fall below their long-term trend [...]
Unicredit to raise €7.5bn new capital November 13, 2011 ITALIAN lender Unicredit will tap up investors for €7.5bn (£6.4bn) in cash as it scrambles to pass a new round of European stress tests. The bank’s strategic committee will this morning unveil the recommendation to meet requirements by raising money rather than holding an asset fire-sale, making it Europe’s first bank to formally announce its [...]
AB InBev flourishes while rival Carlsberg is hit by Russian woes November 9, 2011 Anheuser-Busch InBev and Carlsberg showed sharply contrasting fortunes in the third quarter, the former persuading US and Brazilian beer drinkers to swallow higher prices while the latter suffers a tax-rise hangover in Russia. AB InBev, the world’s biggest brewer and maker of Budweiser, Stella Artois and Beck’s, persuaded increasingly affluent Brazilians to drink higher priced [...]
WHAT THE OTHER PAPERS SAY THIS MORNING November 8, 2011 FINANCIAL TIMES GRAFF PLANS $1BN HONG KONG IPO Graff Diamonds, retailer of some of the world’s most expensive jewellery, is planning a Hong Kong initial public offering that could raise $1bn and value the company’s equity at about $5bn. The London-based company, known for high-end jewellery items such as 100-carat diamond tiaras, is raising capital [...]
Devro on track for full year November 8, 2011 Sausage skin maker Devro said yesterday it was on course to meet board expectations for 2011, with sales volumes showing strong growth compared to the same period last year. Growth in western and eastern Europe and in Russia has driven momentum, while volumes in the UK and Australia have declined slightly. As expected, the group’s [...]
ECB ups bond-buying yet yields still rising November 7, 2011 YIELDS on Italian debt continued their upward surge yesterday, despite the European Central Bank (ECB) appearing to have boosted its bond purchase programme in a bid to control debt costs in struggling peripheral states. Yields on 10-year Italian debt reached a 14-year high of 6.67 per cent yesterday, with analysts again warning that the government’s [...]
Greek PM agrees to fall on sword November 6, 2011 THE unfurling Greek tragedy claimed its biggest scalp yet last night as Prime Minister George Papandreou finally agreed to stand down. A new government of national unity will now be formed, with Papandreou yielding control when the deal is finalised. The decision followed crisis talks last night with conservative opposition leader Antonis Samaras and President [...]