Bargain hunters should start fishing – but broadcaster is not without risks July 11, 2011 THE sell-off in BSkyB continued apace yesterday, as arbitrage traders piled out of the stock faster than you could shout “the deal is off”. The satellite broadcaster is still a brilliant company, however – one of Britain’s best: bargain hunters should take note. Analysts at Citi point out that BSkyB was trading at 600p a [...]
McIlroy can double up and be the pride of St George’s July 11, 2011 IN TERMS of prestige and history there is no other tournament that can hold a light to the Open and I’m sure this year’s instalment will provide many more memorable moments. The event returns to Royal St George’s after an eight-year absence and the course will provide all the usual tests you expect of an [...]
China’s economy looks to be on shaky ground July 11, 2011 INFLATION in China hasn’t been tamed. Statistics released at the weekend suggest annual inflation for June is running at 6.4 per cent, up from 5.5 per cent in May; while food inflation for June shot up 2.7 per cent on the month to 14.4 per cent. Tomorrow, China will release its GDP statistics, which are [...]
Murdoch’s BSkyB bid referred to Competition Commission July 11, 2011 The government and Rupert Murdoch have referred the bid to buy broadcaster BSkyB to the competition watchdog, opening a lengthy review to sideline it from the political and public backlash from the phone-hacking scandal. Fresh allegations of more widespread hacking and theft of data from figures including former prime minister and chancellor Gordon Brown have [...]
Murdoch: She is my top priority July 10, 2011 THE News of the World may have printed the final edition in its 168-year-old history but the political maelstrom raging around the phone hacking scandal continues to gather pace. Rupert Murdoch flew into the UK yesterday for emergency talks with Rebekah Brooks, head of his UK newspaper business News International, amid growing concerns the scandal [...]
Southern Cross investor update July 10, 2011 Debt-laden care home Southern Cross will this week give investors an up-date on its recovery plan, with Sky News reporting yesterday that it may wind itself up or put itself into run-off mode.. Southern Cross, which recently asked its landlords to take a cut in rents, refused to comment on the report, which added that [...]
BEST OF THE BROKERS July 10, 2011 Bovis Simon Brown, analyst at Northland Capital, says shares in home builder Bovis are a “buy” due to higher margin land. The broker rates shares in the company at 449p per share. Since the downturn, Bovis has acquired more land and has succeeded in bringing land through planning, which has boosted the margin potential at [...]
ROTHSCHILD COURTS OLIGARCHS UNDER £1M MONTENEGRO SKIES July 10, 2011 BIG BUSINESS came to Montenegro this weekend, lured by the £1m fortieth birthday celebrations for Nat Rothschild, the billionaire scion of the Rothschild banking dynasty. Peter Mandelson, Russian investor Oleg Deripaska and Chelsea owner Roman Abramovich were among the 300 oligarchs and mining magnates who flew to “the St Tropez of the Adriatic” for the [...]
Car crash overshadows Sanchez’s stage victory July 10, 2011 TEAM Sky’s Juan Antonio Flecha and Vacansoleil’s Johnny Hoogerland were fortunate not to suffer serious injury when they were wiped out by a television vehicle as an incident-packed Tour de France suffered further casualties on stage nine in the Massif Central. Rabobank’s Luis Leon Sanchez won the 208-kilometre ninth stage from Issoire to Saint-Flour, with [...]
Boasson Hagen shows the Sky really is the limit July 7, 2011 EDVALD BOASSON HAGEN claimed Team Sky’s first Tour de France stage success in torrential rain in Normandy. Another punishing day in the saddle saw the riders take on the 2011 Tour’s longest stage, the 226.5-kilometres from Dinan to Lisieux. And Norwegian Boasson Hagen (right) accelerated off the wheel of team-mate Geraint Thomas to triumph ahead [...]