Newcastle United manager Eddie Howe after the match against Manchester City. Reuters
Newcastle United manager Eddie Howe after the match against Manchester City. Reuters
Newcastle United manager Eddie Howe after the match against Manchester City. Reuters
Newcastle United manager Eddie Howe after the match against Manchester City. Reuters

Howe fears time running out for Newcastle in top-four hunt


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Newcastle United manager Eddie Howe believes his team is running out of games to finish in the Premier League's top four as they look to return to winning ways in Sunday's home clash with Wolverhampton Wanderers.

Newcastle have gone five league games without a victory and that has cost them a place in the top four. A League Cup final defeat by Manchester United only made things worse.

In what has still been an impressive campaign, Howe said it is vital to regain some momentum heading into the international break with games lined up against Wolves and then fellow strugglers Nottingham Forest next Friday.

Howe said: "There's a belief that we can win again and we need, very quickly, to fulfil that aim.

"I've never sat here and talked us up in terms of targets, top four. But I have talked us up in terms of what I believe we can achieve and the quality we have in our group and I'm not going to change now."

"Two big games (against Wolves and Nottingham Forest) because of where they are situated," Howe added.

"We have the international break afterwards and we want to go into that break really in a good moment.

"We're also running out of games. They are going to go so quickly, 14 left. We need points and we are determined to end this run of games we have had in a confident way. And we need to try and maximise every single one of those games and it's still in our hands."

Newcastle's recent lack of goals - they have lost each of their last three games 2-0 - has increased the clamour for £60million record signing Alexander Isak to start in place of England international Callum Wilson, who has scored only once in his last 14 appearances either side of the World Cup finals.

However, Howe issued a note of caution over a player who sat out for almost four months with a thigh injury over Christmas.

He said: "He wants to play, like every player. I feel he is there, but is he 100 per cent ready to play 90 minutes on a consistent basis? Probably not. I have been delighted by his attitude. I think he's in a good place."

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Tank warfare

Lt Gen Erik Petersen, deputy chief of programs, US Army, has argued it took a “three decade holiday” on modernising tanks. 

“There clearly remains a significant armoured heavy ground manoeuvre threat in this world and maintaining a world class armoured force is absolutely vital,” the general said in London last week.

“We are developing next generation capabilities to compete with and deter adversaries to prevent opportunism or miscalculation, and, if necessary, defeat any foe decisively.”

MATCH INFO

Liverpool 2 (Van Dijk 18', 24')

Brighton 1 (Dunk 79')

Red card: Alisson (Liverpool)

Gifts exchanged
  • King Charles - replica of President Eisenhower Sword
  • Queen Camilla -  Tiffany & Co vintage 18-carat gold, diamond and ruby flower brooch
  • Donald Trump - hand-bound leather book with Declaration of Independence
  • Melania Trump - personalised Anya Hindmarch handbag

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

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The specs

Engine: 4.0-litre V8

Power: 503hp at 6,000rpm

Torque: 685Nm at 2,000rpm

Transmission: 8-speed auto

Price: from Dh850,000

On sale: now

Updated: March 10, 2023, 12:53 PM