Russia’s Orient Express bank plans listing May 24, 2010 ORIENT Express, a mid-sized lender, said it plans to launch Russia’s first initial public offering in the banking sector since the financial crisis struck in 2008. Russia’s banking sector has been hit hard by the global economic downturn, and the deal to raise at least $200m (£138m) would show the level of appetite among investors [...]
London loses competitive edge to rivals May 20, 2010 SINGAPORE and Hong Kong are the most competitive financial centres in the world, according to a highly rated survey released yesterday. Strong demand in Asia boosted these economies to the top two spots in the IMD World Competitiveness Yearbook (WCY). They were streaks ahead of the traditional European economies in the survey that analyses how [...]
Capello: 2018 bid not hurt by Triesman May 19, 2010 FABIO CAPELLO insists England remain the “perfect” hosts for the 2018 World Cup despite the controversy surrounding Lord Triesman. Triesman resigned as chairman of the bid – and indeed from the Football Association – on Sunday after he accused rival bidders Spain and Russia of conspiring to bribe referees at this summer’s showpiece. World governing [...]
SSL sees strong earnings despite poor UK market May 18, 2010 DUREX condom maker SSL International yesterday reported a 51 per cent jump in profits despite difficult trading in the UK. The firm, which also makes Scholl footwear, said profits for the year rose from £76.5m to £115.3m. Sales in the 12 months to the end of March increased by 25 per cent to £802.5m. Business [...]
Norilsk Nickel cost cutting measures put it back in black May 18, 2010 RUSSIA’S Norilsk Nickel has recorded a return to profit in 2009 thanks to a successful cost cutting programme. The world’s top nickel and palladium miner posted a net profit of $2.65bn (£1.83bn) versus a revised loss of $555m in 2008. The results beat forecasts despite lower metals prices, analysts said. “Labour expenses decreased by 25 [...]
Platini rides to England’s aid May 18, 2010 ENGLAND’S floundering bid to host the 2018 World Cup received a much-needed shot in the arm last night when two of the global game’s most powerful men, Michel Platini and Jack Warner, insisted the proposal remained strong. The country’s hopes of staging the tournament for the first time since 1966 nosedived after Lord Triesman, the [...]
Triesman departure sparks FA scramble May 18, 2010 A MASS scramble has begun to land the job of the most powerful man in English football following Lord Triesman’s resignation as chairman of the Football Association on Sunday. Triesman stepped down both from the FA and as chairman of England’s 2018 World Cup bid after he was secretly recorded telling a friend that Spain [...]
Lord Sugar ready for FA chairman role and has sights set on major reforms May 17, 2010 LORD Sugar has thrown his hat into the ring as a potential successor to Lord Triesman as chairman of the Football Association. Entrepreneur Sugar, who spent 10 years as chairman of Tottenham until 2001, said it would be a “great honour” to head up the FA, which is currently without both a permanent chairman and [...]
2018 bid hit again as Fifa wades into Triesman row May 17, 2010 Investigation by world chiefs set to heap further humiliation on bid team ENGLISH hopes that Lord Triesman’s swift resignation would minimise damage to the country’s ailing bid to host the 2018 World Cup were dashed last night when Fifa vowed to investigate his alleged comments. Lord Coe, who sits on the bid board, had attempted [...]
Triesman quits posts amid bribery claims furore May 16, 2010 LORD TRIESMAN, one of the most powerful men in the British game, last night resigned as chairman of the Football Association and England’s bid to host the 2018 World Cup in embarrassing circumstances. Triesman stepped down after a Sunday newspaper published a private conversation between him and a former aide in which he allegedly suggests [...]