WHAT THE OTHER PAPERS SAY THIS MORNING July 3, 2011 FINANCIAL TIMES JLR IN 50 PER CENT BOOST TO SPENDING Jaguar Land Rover is to boost its spending on products by 50 per cent from about £1bn to £1.5bn as the UK’s largest premium carmaker prepares to launch the most important vehicle since Tata Motors bought the group from Ford Motor three years ago. CHI-X [...]
HMV to move away from stocking CDs June 30, 2011 STRUGGLING retailer HMV has said it will cut back on stocking CDs and DVDs to focus on consumer electronics and live music events. The music group, which has been selling off assets in a bid to secure its future, posted a 61 per cent drop in annual profit yesterday. HMV said it had seen pre-tax [...]
Sharapova delighted by final return June 30, 2011 FORMER champion Maria Sharapova recovered from a dreadful start to beat Sabine Lisicki and reach her first Wimbledon final since she won the title in 2004. The fifth-seeded Russian will play Petra Kvitova tomorrow after winning 6-4 6-3 in an hour and 26 minutes. “It’s amazing to be back in the final, it’s been a [...]
I’ll let you decide my title, says Villas-Boas June 29, 2011 NEW Chelsea manager Andre Villas-Boas attempted to downplay comparisons with his mentor Jose Mourinho by declaring himself modestly as “The Group One”. The 33-year-old was officially unveiled yesterday but their was none of the bravado or showmanship that marked Mourinho’s introduction seven years ago. Villas-Boas, who like the now Real Madrid manager, quit Porto to take [...]
Chelsea’s new charmer is a real breath of fresh air June 29, 2011 AS A MASS of photographers scrambled to get the perfect shot of Chelsea’s new manager, Andre Villas-Boas made the only slip of an otherwise flawless first performance in front of the English press. With the flashbulbs popping around him, the Portuguese attempted to calm the masses by assuring them “we have time”. At just 33 [...]
Shares in Global Ports close up 18pc following London IPO June 29, 2011 SHARES in Russian port operator Global Ports soared yesterday on its debut on the London Stock Exchange, following its successful $534m (£333m) initial public offering (IPO). The banks handling Global Ports’ IPO also exercised an over allotment option to buy shares in the company, pushing up the proceeds from the sale to $588m. The container [...]
BEST OF THE BROKERS June 29, 2011 CARREFOUR Nomura sees the supermarket’s full-year growth target as overly ambitious, and initiates coverage with a neutral rating and a target price of €29 including its Dia arm. Though the broker believes Carrefour will miss its targets, the prospect of potential asset disposals and M&A are limiting the stock’s downside. MAIL.RU Morgan Stanley sees the [...]
Chelsea enter five-way fight for Neymar June 28, 2011 CHELSEA are among a quintet of European heavyweights to have entered the race for Brazilian sensation Neymar. The 19-year-old Santos forward’s £40m release clause is believed to have has been met by Chelsea’s Premier League rivals Manchester City, Spanish giants Real Madrid and ambitious oil rich Russian side Anzhi Makhachkala. Neymar inspired Santos to victory [...]
Discount IPO for PhosAgro June 28, 2011 RUSSIAN fertiliser producer PhosAgro has priced its joint London and Moscow share sale at a deep discount, as it looks to raise up to $500m (£312m). The phosphate fertiliser firm has set a price range of $13 to $16.50 per global depository receipt (GDR), valuing the company at as much as $6.1bn. The listing price [...]
PhosAgro sets London listing price range June 28, 2011 Russian fertiliser producer PhosAgro it had set an indicative price range of $13 to $16.50 per global depositary receipt (GDR) for a listing it hopes will value the company at as much as $6.1bn (£3.8bn). The price range is equivalent to $390 to $495 per share, the company said, giving it an equity valuation of [...]