Usmanov cash quadruples to £4.7bn April 22, 2010 ALISHER Usmanov, Arsenal’s second largest shareholder, saw his fortune more than quadruple in the last year, according to new estimates. The figures, part of Forbes magazine’s list of the 10 richest football club moguls, show the Russian’s wealth swelled by £3.6bn to £4.7bn. That amount looks like small change, however, next to QPR shareholder Lakshmi [...]
INM benefits from Indie sale April 13, 2010 Independent News & Media, the Irish based company which sold its flagship Independent newspaper to Russian ex-KGB man Alexander Lebedev earlier this month, has seen a renewed interest in its shares since it parted with the loss making paper. Based on a positive report by Deutsche Bank its share price has risen from its historic [...]
ON IN LONDON | SIX OF THE BEST May 6, 2010 ART: Angela de la Cruz Head along to the Camden Arts Centre to decide for yourself whether de la Cruz, a painter who inflicts deliberate damage on her canvases, is worth her nomination for the Turner Prize as announced this week. THEATRE: Posh The Royal Court’s cracking show offers a satirical look inside the privileged [...]
Murray must wait as light halts progress May 26, 2010 ANDY MURRAY cut a frustrated figure after rain and bad light halted his French Open progress at Roland Garros last night. The British No1 was leading Argentina’s Juan Ignacio Chela 6-2, 3-3 when play was suspended at 9.30pm local time. Frequent showers meant that the players did not even start their second round showdown until [...]
Murray must wait as light halts progress May 26, 2010 ANDY MURRAY cut a frustrated figure after rain and bad light halted his French Open progress at Roland Garros last night. The British No1 was leading Argentina’s Juan Ignacio Chela 6-2, 3-3 when play was suspended at 9.30pm local time. Frequent showers meant that the players did not even start their second round showdown until [...]
Osborne must show his true colours June 15, 2010 THERE will be plenty of banker-bashing from George Osborne when he delivers his first Mansion House speech to the City tonight. The audience of movers and shakers will barely notice; financiers are used to the abuse by now. Most of the proposals have been well trailed: a new levy on balance sheets (which could raise [...]
Peacocks ready to sell after bumper Christmas May 16, 2010 FASHION retailer Peacocks may cash in on its storming run of form with a sale that could value the business at £600m. The budget store has seen sales rocket as customers flocked to it during the recession. Now shareholders are understood to be keen on a quick sale, with the private equity arm of Goldman [...]
Usmanov ups his stake in Arsenal April 14, 2010 ALISHER Usmanov, Arsenal’s second largest shareholder, has spent almost £390,000 on upping his stake amid fresh speculation about the club’s future. The Russian steel magnate bought 37 shares at £10,500 each to increase his shareholding from 26.29 per cent to 26.31 per cent. It moves him closer to the 30 per cent threshold that would [...]
I’ll battle on, vows out-of-sorts Safina May 25, 2010 AILING Dinara Safina insists she can rediscover her best form despite crashing out of the French Open to a 39-year-old ex-retiree at Roland Garros. Former world No1 Safina, now seeded ninth after falling down the rankings, continued her miserable 2010 with a 3-6, 6-4, 7-5 defeat to Japan’s Kimiko Date Krumm, who only returned to [...]
Panel slams Bear Stearns risk taking May 5, 2010 THE former chairman and chief executive of Bear Stearns conceded yesterday that the failed investment bank had taken on too much risk. “That was the business. That was, really, industry practice. In retrospect, in hindsight, I would say leverage was too high,” a weary-sounding James Cayne told a nine-hour hearing of the Financial Crisis Inquiry [...]