Standard Chartered upbeat after Asian market boost June 28, 2010 STANDARD Chartered said it was on track for a strong first-half performance as its key Asian markets fared better than the west and it grabbed market share. However, it admitted that recent economic turbulence had hurt business. The bank said in a trading update Monday that increased economic uncertainty had resulted in a weakening in [...]
BT to offer Sky Sports for new season June 28, 2010 BT will offer customers of its Internet television service access to rival BSkyB’s sports channels in time for the new Premier League season, it has said. BSkyB was ordered by telecoms regulator in March to cut the prices it charges competitors to air its sports channels, loosening BSkyB’s grip on premium programming and potentially sparking [...]
Shamed England hit rock bottom June 27, 2010 SORRY England crashed out of the World Cup yesterday after suffering their heaviest-ever finals’ defeat to a rampant Germany in Bloemfontein. Fabio Capello’s men were outclassed by the Germans on their way to a 4-1 defeat, but the game will be remembered for a moment of controversy when Frank Lampard’s shot cannoned off the underside [...]
G20 delays tough choices June 27, 2010 LEADERS of the world’s largest economies attempted to display a united front last night, agreeing to cut government borrowing while stimulating growth after a weekend of tense talks in Toronto. The Group of 20 communiqué agreed new targets for reducing deficits and sovereign debt, but America’s fear that fiscal tightening in Europe could derail the [...]
Unite delays strike ballot June 27, 2010 THE Unite union has announced plans to postpone balloting British Airways cabin crew on further strikes to allow union members to consider the latest offer from the airline’s management. BA made a new offer to cabin crew on Friday in a bid to end the long-running dispute over pay and conditions before the employees are [...]
The real game is emerging markets June 27, 2010 IT is always tempting to build grand theories about national decline following the kind of thrashing meted out to England yesterday afternoon. This should be resisted; Germany v Britain makes great sport but little else. We may not be any good at football right now – and Fabio Capello needs to be sacked – but [...]
Home prices up over year June 27, 2010 MONTHLY house price rises in England and Wales slowed marginally in June, but still took the annual rise in prices to the largest since January 2008, property data company Hometrack said today. The number of houses being put up for sale rose at a faster rate than the number of buyers, potentially limiting future price [...]
WHAT THE OTHER PAPERS SAY THIS MORNING June 27, 2010 THE SUNDAYS The Sunday Telegraph PRIVATE SECTOR WARNS ON PUBLIC SECTOR CUTS Leading companies have warned they will not be able to pick up the slack from the wide-scale job losses expected in the public sector. The warning raises concerns over a key part of the Chancellor’s spending cuts, which are based on the assumption [...]
Rail groups call for cuts review June 27, 2010 Train companies have called for a “swift and rigorous” review of existing rail investment to ensure that money is being spent in the interest of passengers and taxpayers. The Association of Train Operating Companies (ATOC) has written to the state transport minister, Theresa Villiers, and said that it accepts that the £8bn due to be [...]
Saudis shuns European debt June 27, 2010 Saudi Arabia does not intend to buy European sovereign debt, central bank chief Muhammad al-Jasser said in published remarks yesterday. “There are no plans to buy European sovereign debt,” Jasser was quoted as saying by Saudi al-Watan daily on the sidelines of the G20 summit in Toronto. Leaders meeting in Toronto this weekend are seeking [...]