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Tuesday, 9th February 2010SWISS bank UBS has reported its first quarterly profit for more than a year after a cost-cutting programme. UBS made a pre-tax profit of 1.2bn Swiss francs (£722.9m) in the three months to 31... [Read more]
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Tuesday, 9th February 2010SPAIN’S finance minister flew to London for emergency talks with bondholders yesterday as debt markets grew fearful over the country’s ability to finance itself. Elena Salgado met with fixed income... [Read more]
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Tuesday, 9th February 2010BSKYB last night sold the majority of its controversial stake in ITV after a long-running legal battle. The pay-TV group had been ordered to reduce its shareholding in ITV from 17.9 per cent to 7.5... [Read more]
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Tuesday, 9th February 2010HERE’S something to take England manager Fabio Capello’s mind off John Terry’s alleged misdemeanours. Countries hosting the World Cup enjoy a boost to economic growth and stockmarket performance not... [Read more]
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Tuesday, 9th February 2010HAPPY days for John Thain, the former Merrill Lynch chief executive who demonstrated yesterday that not only has he managed to stage an impressive comeback on Wall Street, but has actually learnt a... [Read more]
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Tuesday, 9th February 2010AS a 16-year-old, braces seemed preposterous enough. If I didn’t have shame about my smile before, I certainly did when sporting train-tracks of metal, elastics flashing with every word I spoke. As... [Read more]
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Tuesday, 9th February 2010OLYMPIC silver medallist Shelley Rudman has vowed to keep her friends close and her enemies even closer in a bid to ruin home favourite Melissa Hollingsworth’s Vancouver Games dream. Britain’s 28-... [Read more]
ING (ING)
MPs’ expenses – more to come, says whistleblower. EXCLUSIVE
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- MICHEL Barnier has pledged to take a balanced approach to overhauling financial regulation in Europe, City A.M. can reveal. The French politician, who has been appointed EU internal markets... [Read more]
- BARCLAYS chief executive John Varley is expected to echo president Bob Diamond’s defence of big banks when he appears before the Treasury Select Committee tomorrow. Varley, who will be quizzed as... [Read more]
- THE Tories yesterday accused Alistair Darling’s special advisers of using neutral civil servants to help mount party political attacks. Memos released under the Freedom of Information Act show that... [Read more]
- THE UK arm of Icelandic retail investor Baugur has finally gone into voluntary liquidation, offering a glimmer of hope to its creditors and former employees. PricewaterhouseCoopers, which has looked... [Read more]
- EU plans to tighten regulation of hedge funds and private equity firms will starve Google and Amazon-style start-ups of funding, a Conservative MEP has warned. Syed Kamall said proposals to restrict... [Read more]
- ONLINE grocer Ocado will launch an audacious IPO in May which could value the company at £1.2bn. The firm, which delivers Waitrose food to doorsteps, hopes to raise an initial £160m from the... [Read more]
- PRIVATE Equity firm, Duke Street, has acquired a majority stake in Payzone after investing €45m (£39m) into the mobile phone top-up and cash machine group. The debt-for-equity deal reduces Payzone’s... [Read more]
- TERRA FIRMA’S legal battle with Citigroup took a fresh twist over the weekend when boss Guy Hands claimed the case would have to be heard in New York as he cannot enter the UK for tax reasons. The... [Read more]
- FORMER attorney general Lord Goldsmith this weekend defended the plea deal struck by arms manufacturer BAE Systems to settle inquiries into its dealings by the UK and US authorities. On Friday BAE... [Read more]
- GIVEN the City’s penchant for all things football-related, it’s something of a miracle that the new London Nominees Football Fund has managed to keep its launch virtually entirely under wraps –... [Read more]
- The Environmental Audit Committee has claimed the EU Carbon Market is failing green investment, and called on the government for a minimum price for carbon. Richard Gledhill of advisers... [Read more]
