Yield on Portuguese bonds at record high September 22, 2010 INVESTORS buying Portuguese debt demanded record high yields yesterday, forcing the Eurozone country to scale back the amount of money it wanted to borrow from the bond markets. Portugal’s debt agency raised €750m (£640m) in a government bond auction, falling shy of the €1bn it had initially hoped to raise. The Public Debt Agency sold [...]
Redhall in £16m bid for Mount September 22, 2010 BRITISH engineering support services firm Redhall yesterday announced it had made an offer to buy rival Mount Engineering for around £16.4m to expand into international energy markets. Redhall, which caters to the nuclear, oil and gas, food, defence, safety and security and transport infrastructure sectors, has irrevocable undertakings or letters of intent from 45 per [...]
Politicians target the City September 21, 2010 FIGURES?from across the political establishment lined up to renew their attacks on the City yesterday, in a sign that populist banker bashing is unlikely to fizzle out any time soon. Senior Liberal Democrats led the pack at their conference in Liverpool, as party leaders tried to convince members they have not sold out by sharing [...]
RIM sees revenue surge September 16, 2010 BLACKBERRY maker, Research In Motion (RIM), has seen a spike in second quarter revenue after demand for its smartphone continues to grow. During the three months ended 28 August, the Canadian based technology group saw revenues reach $4.62bn (£2.95bn), marking a 31 per cent rise on the same period last year. The income rise was [...]
Aer Lingus looks to sell stake September 16, 2010 Aer Lingus can survive as a standalone airline but it might prefer to sell a stake to a larger player to take part in the sector’s consolidation wave, its chief executive said yesterday. The former Irish state airline has already fended off two hostile bids from rival airline Ryanair. Aer Lingus chief executive Christoph Mueller [...]
CITY VIEWS: DO YOU THINK THE BBC LICENCE FEE SHOULD BE FROZEN FOR THE NEXT TWO YEARS? September 16, 2010 THOMAS MCKAY | VOCUS “I subscribe to Sky and rarely find myself watching the BBC. I suppose the projected cuts in spending might affect the quality of online news, given that other news corporations are now charging for their services. That would be my only concern.” PHIL TURNBULL | AVIVA “Given the cuts in spending [...]
United to end difficult week with vital victory September 16, 2010 MANCHESTER UNITED vs LIVERPOOL Sunday – 1.30pm Sky Sports 1 IT hasn’t been a dream start for Roy Hodgson on Merseyside and in truth, his side were fortunate to leave St Andrews with a point on Sunday. That said there probably isn’t a better time to be visiting Manchester United at Old Trafford after what [...]
Terry’s back as Carlo names his charges September 14, 2010 MSK ZILINA vs CHELSEA Sky Sports 2, ko 7.45pm CHELSEA coach Carlo Ancelotti last night took the unusual step of announcing his starting line-up 24 hours before tonight’s Champions League clash with MSK Zilina. The Italian says he will hand first starts of the season to Yossi Benyoun, Yuri Zhirkov and Daniel Sturridge, while captain [...]
Rooney set for recall but Fergie stands by omission September 13, 2010 MANCHESTER Utd vs RANGERS Sky Sports 2, ko 7.45pm MANCHESTER United boss Sir Alex Ferguson insists he has no qualms about recalling Wayne Rooney for tonight’s highly-charged, all-British Champions League showdown with Rangers. And Ferguson maintains he was right to drop Rooney at the weekend amid speculation about his private life, despite throwing away a [...]
Harry fears England repeat September 13, 2010 WERDER BREMEN vs TOTTENHAM Sky Sports 4, ko 7.45pm HARRY REDKNAPP admits his Tottenham side could fall into the same trap as England in the World Cup if they don’t get their tactics right in Bremen tonight. The Spurs boss almost got his fingers burned when adopting a 4-4-2 formation against Young Boys in the [...]