18 Oct

Arsenal and Lyon interested in signing Celtic left-back Kieran Tierney this summer

first_imgKieran Tierney could be set for a move away from Celtic (Picture: AFP/Getty Images)Arsenal are interested in Celtic left-back Kieran Tierney this summer, but they are not the only major European side hoping to tempt him away from Glasgow.The 22-year-old is in demand, with Ligue 1 side Lyon also interested in his services as they need a replacement for outgoing Ferland Mendy over the transfer window, according to reports in France.Mendy has agreed a switch to Real Madrid and Lyon are eyeing up Tierney to fill his boots at the Groupama Stadium.The Gunners are keeping an eye on the situation and could still be in pole position to snap up the Scot as Lyon are also interested in Everton’s Lucas Digne and Lille’s Youssouf Kone.ADVERTISEMENT Advertisement Phil HaighThursday 6 Jun 2019 7:48 amShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link Comment Advertisement Tierney missed a lot of last season through injury (Picture: Getty Images)Tierney was restricted to just 19 league appearances last season as he struggled with a number of injuries, most notably a hip problem which kept him out for over two months from December to February.AdvertisementAdvertisementHe also had a double hernia operation at the end of May, which he had been putting off in a bid to be fit for the Scottish Cup final, which he didn’t make.More: FootballRio Ferdinand urges Ole Gunnar Solskjaer to drop Manchester United starChelsea defender Fikayo Tomori reveals why he made U-turn over transfer deadline day moveMikel Arteta rates Thomas Partey’s chances of making his Arsenal debut vs Man CityIt was also reported by Spanish publication Mundo Deportivo that Barcelona were considering a move for the Scotland international, but the huge asking price has put them off.Celtic reportedly want around £26m for one of their star players and Barca are not willing to meet those demands.The same Spanish report also links the full-back with Manchester United and Borussia Dortmund, who have shown interest in the defender, born on the Isle of Man.Former Celtic player Stylian Petrov told the Daily Record that he expects bids to come in for the talented defender: ‘I don’t know if it will be this summer or next but I do think at some point Celtic ’s resolve will be tested.‘And if a huge offer comes in the reality is you have to take it. It will take big money to get him. I don’t know how much but it will be no problem for a Man United or whatever.’MORE: Exequiel Palacios confirms Arsenal interested in summer transferMORE: Granit Xhaka drops hint over Arsenal future amid Inter Milan speculation Arsenal and Lyon interested in signing Celtic left-back Kieran Tierney this summerlast_img read more

29 Sep

Illiquidity concerns increase over ‘missing party’ in fixed income markets

first_imgAsset managers have warned against increasing illiquidity in fixed income markets amid concerns institutional allocations are causing scarcity of assets and price bubbles.Several well-documented factors have forced European pension funds into higher-yielding fixed income assets, with some sovereign bond yields at all-time lows.Sub-investment-grade corporate debt has increased in popularity, including the use of sovereign debt from lower-rated European countries.Pension funds have shifted vast amounts of assets into these areas, with demand for assets now hampering future supply. Pascal Blanque, CIO and deputy chief executive at French asset manager Amundi, recently told IPE he would “accept any phone calls” regarding the availability of corporate debt.And Mike Karpik, chief executive at State Street Global Advisers (SSgA), said recent conversations with institutional clients showed a focus around tail-risks and acknowledging that valuations had moved into the top deciles, with markets feeling “bubbly”.“There are all these pockets of euphoria,” he said. “Yields are down in high yield, while Italian bonds are down to a level people did not think we would see.”Karpik highlighted investors with SSgA were questioning illiquidity risk increasingly.He added that, given the change in the regulatory landscape and the “retreat of opposite parties”, bid-offers had widened.“I worry about the amount of liquidity, particularly in corporate debt and structured products,” he said.The rush of capital into the fixed income markets in previous is easily highlighted by the dramatic fall in yields in recent years.Data sourced by Bloomberg and Merrill Lynch, and provided by M&G Investments, showed average European investment-grade yields falling from 2.7% over three years to 1.97% over one year.Similarly, European high-yield average coupons fell from 7.16% to 4.85%.The retreat of investment banks and primary dealers, which provided liquidity during the global financial crisis, could have a significant impact should asset values begin to fall and institutional investors start a run.Figures from AllianceBernstein showed that, by the end of March 2013, when the Federal Reserve Bank of New York discontinued its data monitoring, primary dealer holdings of corporate debt had fallen by almost 75% since mid-2007 to $58bn (€42bn).However, alongside this, corporate bond markets had grown by 62% over the same period to $5.8trn.Karpik said: “I worry, in the next crisis, when you need players and two sides to create liquidity, the other side won’t be there. The last one saw a lot of people and participants, but now it is substantially less.”Despite the rise in issuance in fixed income products, demand for these assets from pension funds is still causing concern.Andreas Koester, head of tactical asset allocation at UBS Global Investment Management, said managers were facing capacity constraints, particularly since investment banks were no longer “warehousing” trades.He also warned investors that derivatives would not save them from issues of illiquidity in fixed income markets, essentially because enough investors were using these products for the same issues to occur.“Investors need to stop thinking they are five minutes smarter than everyone else,” he said.last_img read more

17 Sep

Roberson turns in up and down performance following injury in Syracuse loss

first_imgWith cotton in his nose to stop the bleeding and stitches above his left eye — which at times seemed nearly closed — Tyler Roberson resembled a boxer more so than a basketball player.Due to Roberson’s injury, which he suffered 10 minutes into the game, he played a little less than he usually does. Yet he still came away with a hard-fought nine points and seven rebounds in addition to his battle scars in Syracuse’s (17-10, 7-7) 65-61 loss to Pittsburgh (18-10, 7-7 Atlantic Coast) on Saturday in the Carrier Dome.Roberson wasn’t too sure about how it happened, but he believed a Panther’s elbow — SU guard Ron Patterson said it was Pittsburgh forward Michael Young’s — caught him over his left eye and drew blood.Holding a white towel to the left side of his face, Roberson walked to the SU locker room where trainer Brad Pike fixed him up with five or six stitches and numbing. Roberson applied ice when he returned to the bench and re-entered the game with 1:28 left in the first half.“I feel fine. I just had to go out there and finish out the game,” Roberson said.AdvertisementThis is placeholder textRoberson racked up three offensive rebounds in the first five minutes of the game — there were plenty of SU misses to be grabbed — and had five points by the time of his injury.He tipped in a Syracuse missed shot 2:47 into the second half and blocked a Jamel Artis layup attempt two minutes later.The Orange held a 13-rebound edge over the Panthers at halftime, but didn’t outrebound its opponent in the second half as each side grabbed 12 — and Roberson had just one rebound in the last 17 minutes of the game.But he reappeared in the last two minutes, attacking the middle of the paint for a basket to cut the deficit to 60-55 and snatching a defensive board 24 seconds later.His brief reemergence was too late for SU, though.“That’s a tough matchup, for him to go against Pitt’s bigs,” SU forward Michael Gbinije said. “I’m content with his effort and I feel like he didn’t do anything wrong out there. Just one of those games for him, but we all know he’s a good player.” Comments Published on February 21, 2015 at 5:51 pm Contact Phil: [email protected] | @PhilDAbb Facebook Twitter Google+last_img read more

14 Aug

NHL power rankings: Golden Knights, Rangers, Oilers shift after trade deadline

first_imgThe NHL’s trade deadline has come and gone and now its time to get down to the nitty-gritty — the always fashionable playoff push.But did your team do enough at the deadline to make that dream a reality? Or — if your favorite squad is on the other end of the spectrum — enough to fuel hopes for next season? NHL power rankings1. Boston Bruins, 92 points (17 games left)Last ranking: 2This team is primed for another deep postseason run.AdditionsNick Ritchie (F)Ondrej Kase (F)2. Tampa Bay Lightning, 85 points (18 games left)Last ranking: 1The Lightning added some depth up front with one guy who likes to score highlight-reel goals and another who scored the biggest goal in the Sharks’ 2019 playoffs.AdditionsBarclay Goodrow (F)Blake Coleman (F)(Again, apologies to Jon Cooper. This team is good.)TRADE GRADE: Blake Coleman3. St. Louis Blues, 86 points (17 games left)Last ranking: 4With Jay Bouwmeester out for the remainder of the season and the playoffs, GM Doug Armstrong added a veteran to help bolster the blue line as the team keeps rolling along.AdditionsMarco Scandella (D)NHL TRADE TRACKER: List of deals completed before the deadline 4. Pittsburgh Penguins, 80 points (20 games left)Last ranking: 3It’s now or never for the Penguins — and let’s be honest, who doesn’t want to see Patrick Marleau hoist the Cup?AdditionsJason Zucker (F)Phil Varone (F)Riley Barber (F)Patrick Marleau (F)Evan Rodrigues (F)Conor Sheary (F)TRADE GRADE: Jason Zucker5. Vegas Golden Knights, 78 points (17 games left)Last ranking: 11Kelly McCrimmon just gave Vegas one of the greatest 1-2 goalie combinations in recent NHL memory.AdditionsRobin Lehner (G)Nick Cousins (F)Alec Martinez (D)6. Washington Capitals, 84 points  (18 games left)Last ranking: 5    The Caps’ offense needs a boost and there’s hope adding Kovalchuk will help … although Washington was shut out Thursday night by the Jets.AdditionsBrenden Dillon (D)Ilya Kovalchuk (F)Daniel Sprong (F)TRADE GRADE: Ilya Kovalchuk  | Brenden Dillon7. Vancouver Canucks, 74 points (19 games left)Last ranking: 9Louis Domingue? At the deadline? Then news came down that Vezina Trophy candidate Jacob Markstrom would be out for a while. Not great for a team looking to see the postseason for the first time since 2015.AdditionsLouis Domingue (G)Tyler Toffoli (F)MORE: Toffoli trade grade | Markstrom injury  | Boeser injury8. Edmonton Oilers, 74 points (18 games left)Last ranking: 7Winner, winner, chicken dinner.AdditionsTyler Ennis (F)Andreas Athanasiou (F)Mike Green (D)TRADE DEADLINE: Athanasiou grade  | Sharp picks Oilers for Cup run9. Dallas Stars, 80 points (18 games left)Last ranking: 6No major moves? Eh, maybe not needed. Stars are 7-2-1 in the last 10 games.10. Colorado Avalanche, 81 points (20 games left)Last ranking: 8Philipp Grubauer is out. Mikko Rantanen to miss “weeks.” Nazem Kadri is hurt, too. They needed to do more at the deadline.AdditionsMichael Hutchinson (G)Vladislav Namestnikov (F)MORE: Best, worst deals on deadline day11. Philadelphia Flyers, 79 points (19 games left)Last ranking: 12The Flyers are sitting in third in the Metropolitan and expectations are high that they’ll be playing beyond April 4. AdditionsNate Thompson (F)Derek Grant (F)Nathan Noel (F)12. New York Islanders, 78 points (19 games left)Last ranking: 10Nice additions to a team that needed help down the middle and on the blue line. Just wish Lou Lamoriello went for more of a dynamic scoring punch.AdditionsJean-Gabriel Pageau (F)Andy Greene (D)TRADE GRADE:  Jean-Gabriel Pageau13. New York Rangers, 74 points (19 games left)Last ranking: 21The biggest move the Rangers made on deadline day didn’t involve a trade.AdditionsJulien Gauthier (F)DEADLINE WINNERS, LOSERS: NHL among losers on deadline day14. Calgary Flames, 73 points (17 games left)Last ranking: 17GM Brad Treliving needed to do more. All the pressure is now on this forward group to get it done.AdditionsDerek Forbort (D)Erik Gustafsson (D)TRADE DEADLINE: ‘Johnny Hockey’ freaks everyone out  15. Carolina Hurricanes, 74 points (20 games left)Last ranking: 16The hockey world watched both Hurricanes netminders go down last Saturday and instead of getting a goalie, Don Waddell shored up the defense and made a blockbuster move in acquiring Trochek.AdditionsBrady Skjei (D)Sami Vatanen (D)Vincent Trocheck (F)DAVID AYRES: Who is the EBUG? | Twitter reax | Embracing fame16. Toronto Maple Leafs, 76 points (17 games left)Last ranking: 14Speaking of the EBUG … GM Kyle Dubas should get credit for adding more-than-capable backup goalie Jack Campbell, gritty forward and two-time Cup champ Kyle Clifford and NOT trading Tyson Barrie. But it’s the Leafs, so doing more is always expected.AdditionsJack Campbell (G)Denis Malgin (F)Max Veronneau (F)Kyle Clifford (F)Calle Rosen (D)MORE: Campbell, Clifford trade grade | Muzzin breaks hand17. Florida Panthers, 72 points (18 games left)Last ranking: 15If someone wants to explain why the Panthers — in the middle of a playoff race — traded away one of their better players, my DMs are open.AdditionsErik Haula (F)Lucas Wallmark (F)Mason Marchment (F)18. Nashville Predators, 72 points (19 games left)Last ranking: 18No major moves and in the playoff race. Don’t ever question David Poile.19. Winnipeg Jets, 72 points (16 games left)Last ranking: 20Jets adding Cody Eakin and Dylan DeMelo were nice depth moves but the best thing Kevin Cheveldayoff did was re-upping head coach Paul Maurice.AdditionsCody Eakin (F)Dylan DeMelo (D)PAUL MAURICE: 5 reasons right move | Colorful quotes continue20. Arizona Coyotes, 70 points (16 games left)Last ranking: 19Another team that stood pat. Not sure a postseason appearance is coming to the desert this year.NHL Mock Draft 2020: Red Wings move to the top, get Alexis Lafreniere21. Columbus Blue Jackets, 76 points (17 games left)Last ranking: 13Last year Jarmo Kekalainen went shopping. This year, he made a small swap. All the credit for this year goes to John Tortorella, however. Entering Friday’s games, Columbus is a wild card but all the injuries and the depleted roster may finally be catching up with them.AdditionsDevin Shore (F)22. Buffalo Sabres, 66 points (19 games left)Last ranking: 24Wayne Simmonds? Still don’t get it.AdditionsDominik Kahun (F)Wayne Simmonds (F)23. Minnesota Wild, 69 points (19 games left)Last ranking: 23Bill Guerin needed to move Zucker out but failed to finalize a deal to send Zach Parise to the Islanders. AdditionsAlex Galchenyuk (F)24. Chicago Blackhawks, 64 points (18 games left)Last ranking: 22Trading Robin Lehner was a bit weird, right? But, Malcolm Subban is younger and an RFA so the team has more control than Lehner walking away as a UFA on July 1.AdditionsMalcolm Subban (G)TJ Brennan (D)25. New Jersey Devils, 61 points (19 games left)Last ranking: 27The additions for interim GM Tom Fitzgerald — can we lose the interim tag, please? — are prospects (i.e. Nolan Foote), picks (conditional first rounder) and $30 million off the salary cap. KOURNIANOS: Analyzing top players, prospects and picks that were moved26. Montreal Canadiens, 67 points (16 games left)Last ranking: 25Marc Bergevin added picks too, but whether he knows what to do with them is another story .27. Ottawa Senators, 56 points (17 games left)Last ranking: 30It’s raining draft picks in Ottawa! 14! Double picks in the first round! Alright Pierre, let’s see what you can do.AdditionsMatthew Peca (F)BEST STORY 2020: Bobby Ryan hat trick | Twitter reax28. Los Angeles Kings, 52 points (18 games left)Last ranking: 26Rob Blake made all the right moves for a rebuilding team by shipping out Clifford, Campbell, Toffoli, Alec Martinez and Derek Forbort.AdditionsTim Schaller (F)Tyler Madden (F)Trevor Moore (F)29. Anaheim Ducks, 58 points (19 games left)Last ranking: 29Season’s over but there’s some nice depth pick-ups here by Bob Murray.AdditionsDavid Backes (F)Axel Andersson (D)Danton Heinen (F)Christian Djoos (D)Sonny Milano (F)30. San Jose Sharks, 58 points (18 games left)Last ranking: 28Doug Wilson didn’t trade Joe Thornton to a contender.DOUG WILSON DIDN’T TRADE JOE THORNTON TO A CONTENDER.Terrible. (Getty Images) https://images.daznservices.com/di/library/sporting_news/97/40/bruce-cassidy-091119-getty-ftr_r8pasxall5mb1bbos5u2lx9vl.jpg?t=546735669&w=500&quality=80 This week’s power rankings focus on what key moves general managers made when it was crunch time (beginning Feb. 1) and how it could impact the home stretch.MORE: Last week’s power rankings AdditionsBrandon Davidson (D)Anthony Greco (F)RICHARDSON: Thornton, Barrie among notable players not moved31. Detroit Red Wings, 34 points (16 games left)Last ranking: 31Officially eliminated. That is all.AdditionsSam Gagner (F)Kyle Brodziak (F)last_img read more