SPORT | IN BRIEF August 15, 2010 Johnson mulling Stevens recall RUGBY UNION: Martin Johnson has left the door open for Matt Stevens to make a controversial return to the England squad. Johnson insists Stevens will be considered for next year’s World Cup if he proves his form and fitness after his two-year drugs ban expires in January. “He has got to [...]
WHAT THE OTHER PAPERS SAY THIS MORNING August 11, 2010 FINANCIAL TIMES EVERBRIGHT BANK PRICES IPO AT TOP OF RANGE China Everbright Bank, the last of China’s big national lenders to sell shares to the public, is set to raise up to Rmb21.7bn in its initial public offering after pricing its shares at the top end of an indicative range. The country’s 11th-largest bank will [...]
Deripaska eyes new IPO August 11, 2010 Russian oligarch Oleg Deripaska is understood to be valuing his electricity producer EuroSibEnergo at around $8bn (£5.1bn) ahead of a planned Hong Kong IPO this autumn. The billionaire, who successfully listed aluminium giant Rusal on the same bourse in January, is currently marketing his power unit – formerly called En+ Power – to potential cornerstone [...]
Greggs issues warning over wheat price surge August 10, 2010 HIGH street bakery Greggs yesterday warned that customers could be facing price rises as a result of the soaring cost of wheat. The company said the price of its bread and other items would be put under review if the wheat price did not come down from its current level of £158 a tonne. However, [...]
Moscow death rate has doubled since wildfires August 9, 2010 SCORCHING heat and smoke have caused death rates in Moscow to almost double, a city official said yesterday, as smog from forest and peat fires covered Russia’s capital for a third week. Firefighters battled wildfires covering an area bigger than Greater London, in what the chief state weather forecaster said he believed to be Russia’s [...]
Panic over a new global food crisis is over-egged August 9, 2010 TRADERS have been watching wheat markets breathlessly over the past few days as the grain bounced up and then down. Having gained 8.08 per cent last Thursday – up 80 per cent on prices in the middle of June – the grain plummeted on Friday, wiping out much of Thursday’s gain to end the day [...]
TRY SILVER IF YOU WANT A GOOD RETURN August 9, 2010 CFD MARKET STRATEGIST, GFT PRECIOUS metals have had a particularly rough ride of late. Gold has struggled since hitting a fresh all-time high just under $1,265 on 21 June this year, while silver has also retreated sharply after jumping 30 per cent in the first quarter of 2010. Technically, prices for both metals have broken [...]
European stocks will rebound after US jobs shock August 8, 2010 THE closely-watched US non-farm payrolls figure was responsible for denting European stock markets on Friday, after the data pointed to a steeper than expected decline. Nevertheless, the Dow rallied some 130 points after European markets closed to recover much of its losses for the day, and that resilience is forecast to carry through and boost [...]
Wheat prices surge as Russia halts exports August 5, 2010 RUSSIA’S decision to ban wheat exports for the rest of the year sent prices for the grain soaring yesterday to their highest level in two years. Russia, one of the world’s biggest grain exporters, said yesterday that it was cutting off wheat exports from 15 August to 31 December because a severe drought this summer [...]
Wall Street dips on new jobless claims August 5, 2010 US stocks edged lower yesterday as an unexpected rise in initial jobless claims and unimpressive July retail sales dimmed optimism ahead of the monthly payrolls report. Investors were cautious before today’s jobs report, and after a 10 per cent rise in the S&P 500 since July 2. Yesterday’s data showed initial claims for jobless benefits [...]