Marks and Spencer, Carlsberg, Young & Co Brewery: Best of the Brokers for 13 November 2015 November 13, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com MARKS AND SPENCER RBC Capital Markets liked what they saw at Marks & Spencer’s summer season 2016 clothing preview so much, they made the retailer RBC’s “top pick” with a target price of 700p. The broker said he was encouraged M&S was [...]
Russia ready to admit some doping charges from Wada report in attempt to avoid blanket ban that would keep their athletes out of Rio 2016 Olympics November 12, 2015 Russian athletics chiefs plan to admit to some of the doping charges levelled against them in an attempt to avoid a ban from next summer’s Olympics in Rio de Janeiro. World governing body the IAAF, led by Lord Coe, has given the country until Friday to respond to a litany of allegations contained in a [...]
Vladimir Putin orders Russian investigation into Wada claims of state-sponsored doping programme November 12, 2015 Vladimir Putin has ordered an investigation into claims of a state-sponsored doping programme in Russian athletics. The Russian president said those involved in sport in the country should pay "the greatest possible attention" to the issue after the World Anti-Doping Agency (Wada) revealed its shocking findings on Monday. Wada recommended that at least five Russian [...]
Russia doping scandal: Britain’s drug-testing system is worse than ours, says under-fire sports minister Vitaly Mutko November 11, 2015 Russia's under-fire sports minister Vitaly Mutko has responded to claims that he was complicit in a state-sponsored doping programme by attacking British anti-drug efforts. A bombshell report by a World Anti-Doping Agency (Wada) independent commission on Monday said the London 2012 Olympics had been “sabotaged” by the avoidable presence of Russian drug-cheats. Former Wada chief [...]
German utility E.on books record loss as it writes down power plants November 11, 2015 The figures E.on reported a net loss of €7.25bn (£5.12bn) in the three months to September 30, the biggest in its 15-year history, when the company was created from the merger of Veba and Viag in 2000. The Germany headquartered company's results were sunk by a €8.3bn writedown on the value of its power plants and oil and [...]
FA chairman Greg Dyke questions: Has Fifa ever awarded a World Cup without “a pile of bungs”? November 11, 2015 FA chairman Greg Dyke fears no country has ever won the right to host the World Cup without "a pile of bungs", and has described Fifa as a "soap opera". The former director general of the BBC was speaking following the resignation of German FA boss Wolfgang Niersbach over alleged corruption in the bid to [...]
Pressure mounts on IAAF chief Lord Coe to issue Russia with bans following report by a World Anti-Doping Agency independent commission November 10, 2015 Athletics chief Lord Coe faced mounting pressure last night after the International Olympic Committee urged governing body the IAAF to ban Russian drug cheats. IAAF president Coe has given Russia until the end of the week to respond to accusations of systemic doping, extortion and corruption contained within a report released on Monday by a [...]
Russian doping scandal: How many medals at London 2012 Olympics could be under suspicion? November 10, 2015 The World Anti-Doping Agency (Wada) yesterday unveiled a shocking report which alleged a systemic doping programme in Russian athletics and suggest the London 2012 Olympics had been "sabotaged" thanks to the failure of the IAAF to prevent athletes with suspicious tests from competing. Five Russian athletes and five coaches should be given lifetime bans according [...]
Wada strips Russian anti-doping lab of accreditation following bombshell report into “deeply rooted culture of cheating” November 10, 2015 The World Anti-Doping Agency (Wada) has suspended the accreditation of Moscow's drug-testing lab in response to the damning report which alleged Russia had been running a systemic doping programme in athletics. An independent report on behalf of Wada found evidence of the deliberate destruction of 1,417 test samples, the cover-up of positive results and even the [...]
Wada’s report on Russian athletics shows it’s been too easy to corrupt current anti-doping system November 10, 2015 The long-awaited independent commission report of an investigation into allegations first revealed in a German TV documentary shocked but does not surprise those who remember state institutionalised doping of the 1970s. The documentary itself was controversial, alleging doping practices, bribery and corruption in the Russian national anti-doping system involving national doping control officers, laboratory scientists, [...]