New name for merged InBev July 24, 2008 Anheuser-Busch InBev, the newly formed company from a deal struck between the two of the world’s largest brewers 10 days ago, could be renamed AB InBev. At the start of last week, American brewer Anheuser-Busch agreed to be taken over by Stella Artois maker InBev, a deal worth £26bn and one that will create the [...]
Toyota grabs lead from GM in car market July 24, 2008 Embattled American carmaker General Motors trailed Japanese rival Toyota in global car sales during the second quarter, hurt by a severe decline in the American market, figures out yesterday revealed. The Detroit-based automaker said its car sales fell 3 per cent to 4.54m vehicles in the first half as higher sales in Europe, Asia and [...]
Designer drugs are all the rage, but do you need chemical help to get ahead? July 23, 2008 More people in the City are taking uppers and downers to help them work, rest and play Yet again this week the news has been full of stories about new wonder-drugs, and tales of successful types taking Ritalin or modafinil, drugs which are prescribed for, respectively, ADHD and Alzheimer’s. Apparently, when given to healthy people [...]
Brown hints at Iraq troop withdrawals July 23, 2008 Prime Minister Gordon Brown played up an improving security situation in Iraq yesterday and said the number of British troops there could continue to come down as key security tasks were completed. Brown told parliament the 4,100 British troops serving in Iraq would stay for the “next few months” but said he expected to see [...]
Markets drive clever traders to scalping July 22, 2008 In sentiment-driven times, CFDs offer plenty of tricks and tactics, says Katie Hope With most things in life, the better you’ve planned, the better things are likely to go for you. But any boy scout applying the trusty “be prepared” motto to his investing tactics of late is likely to have been disappointed. Shares and [...]
McCanns are in the clear July 22, 2008 Portugal’s chief public prosecutor yesterday dropped the case on the disappearance of Madeleine McCann pending any new leads and cleared her parents of suspicion of involvement. Prosecutor Fernando Pinto Monteiro said in a statement a third suspect, Robert Murat, a Briton living in Portugal, was also cleared. “The public prosecutor’s office has determined that the [...]
TNK-BP boss must clear status to stay in Russia July 22, 2008 Russia’s migration service said yesterday it would not give a visa to TNK-BP chief executive Robert Dudley without a valid contract of employment at the oil firm. A spokesman at the Federal Migration Service (FMS) said: “We cannot grant a visa to Mr Dudley before he presents a valid contract. The previous contract expired and [...]
Autonomy avoids gloom thanks to banking deals July 22, 2008 Software firm Autonomy yesterday reported expectation-busting figures for its second quarter and was bullish about the second half of the year, sending its shares soaring to an eight-month high. The Cambridge-based company, which develops software for tracking email and phone conversations, said pre-tax profits rose by 85 per cent to £25.4m, exceeding analysts’ expectations of [...]
Continental accuses rival of trying to destabilise its chief executive July 22, 2008 Tyre maker Continental yesterday rubbished reports that its chief executive had threatened to resign unless the board agrees to rebuff a £9bn hostile take over offer from rival firm Schaeffler. A source at Conti accused Schaeffler of colluding with the Frankfurt General Newspaper (FGN), one of Germany’s leading broadsheets, to create speculation about chief executive [...]
IG eyes Japan as results defy gloom July 22, 2008 Spread betting company IG Group revealed yesterday it was looking at Japan as the next most promising area to expand into. The company, which already has offices in Australia, Singapore as well as Germany, Italy, France and Spain, said it was actively looking for opportunities, following regulatory changes which would allow it to offer its [...]