Gerrard and Torres may have to go, admits Rafa January 10, 2010 LIVERPOOL boss Rafael Benitez has admitted the club’s cash crisis could force him to sell star duo Steven Gerrard and Fernando Torres. The Spaniard has always said he would never consider a bid for either of his star men, but confessed for the first time yesterday that a lack of funds may force his hand. [...]
WHAT THE OTHER PAPERS SAY THIS MORNING January 7, 2010 FINANCIAL TIMES INEOS PUTS IPO ON BACK BURNER Ineos, the world’s third-largest chemicals producer, has put on ice exploratory work for an initial public offering, according to people close to the situation. A listing, which would have been among the largest by a UK company, was one of a range of options that had been [...]
Haye: I’ve got a weak chin January 6, 2010 BOXING: World heavyweight champion David Haye admits he will always have a suspect chin – but insists it will not stop him in his tracks. The Londoner brilliantly dispatched Russian giant Nikolay Valuev to take the WBA title in November, but critics question whether he can achieve his aim of unifying the belts against the [...]
Swift entrance for Sky new boy January 4, 2010 CYCLING: Rising star Ben Swift has been unveiled as the new rider for Team Sky in the 2010 season. Swift, 22, who rode for Russian team Katusha last year, was part of the team’s launch yesterday and is in the squad for the Tour Down Under this month. “It feels like coming home because I [...]
Winning return for Henin January 4, 2010 TENNIS: Former world No1 Justine Henin made a winning return to professional tennis after beating Nadia Petrova in the first round of the Brisbane International. Belgian Henin, playing her first match since retiring in May 2008, impressed on her way to a 7-5, 7-5 victory over the Russian second seed. “I have been waiting for [...]
Rusal float set to earn millions for Rothschild January 3, 2010 RUSSIAN aluminium firm Rusal, owned by billionaire Oleg Deripaska, is planning a $2.6bn (£1.6bn) flotation this month, tipped to earn millions for merchant bank NM Rothschild, it emerged yesterday. Rusal will sell 1.61 billion shares at up to HK$12.50 (£1) a share to cut $14.9bn (£9.2bn) of debt in a float set to value Rusal [...]
Gold loses its shine as positive US data signals move away from safety December 21, 2009 NOW could be the time to go short on gold. After a stellar performance during 2010 when the precious metal reached a record high of more than $1,200, the positive trend could be about to come to an end. Investors sold off gold futures yesterday as markets await a spate of economic data releases from [...]
Rusal IPO ignores retail investors December 21, 2009 The Hong Kong regulator has imposed unusual restrictions on private investor participation in the $2bn (£1.2bn) flotation of UC Rusal on the Hong Kong stock market, the first IPO by a Russian company in the city. The Securities and Futures Commission has insisted on a minimum entry level of HK$1m for those wishing to take [...]
Spyker Cars tables renewed offer for GM’s Saab marque December 21, 2009 Dutch luxury carmaker Spyker Cars yesterday submitted a new offer to fast-track a buyout of Saab from General Motors, two days after last-ditch talks to rescue the Swedish manufacturer collapsed. GM said on Friday it would start shutting down the loss-making firm after talks with Spyker ended. The move to abandon the 60-year-old Swedish auto [...]
Deripaska’s Rusal heads for Hong Kong and Paris listings December 17, 2009 UC Rusal, the world’s largest aluminium producer controlled by billionaire Oleg Deripaska, is moving closer to securing its $2bn (£1.2bn) stock listing. The company, which is planning to list 10 per cent of its shares in Hong Kong and Paris, is understood to be finalising a massive debt restructuring, which will help pave the way [...]