WHAT THE OTHER PAPER SAY THIS MORNING November 8, 2009 THE SUNDAYSThe Sunday TelegraphBAE HIRES PINOCHET LAWYER FOR SFO FIGHTBAE Systems has instructed General Pinochet’s former QC to handle its defence if the Serious Fraud Office (SFO) is successful in persuading the Attorney General to proceed with a fraud prosecution against the arms manufacturer. GOVERNMENT PLANS FAST-TRACK NUCLEAR EXPANSIONThe government is set to hand an [...]
Age shall not wither them November 8, 2009 Remembrance Sunday services took place across the country yesterday to pay respects to Britain’s war dead, marking the anniversary of the end of the First World War. Two-minute silences were held throughout the UK at 11am, following earlier services at military camps in Afghanistan, where flags flew at half-mast on a day when another British [...]
Wal-Mart’s Asda re-shuffle November 8, 2009 The ownership structure of Britain’s second biggest supermarket, Asda, has been re-vamped after Wal-Mart let its subsidiary sell the supermarket chain to a fellow Wal-Mart owned investment vehicle called Corinth Services. Last night it was revealed that the world’s largest retailer Wal-Mart embarked on a technical group restructuring. While Wal-Mart is still the parent company [...]
CBA reports strong markets November 8, 2009 Commonwealth Bank of Australia, the nation’s second-biggest lender, reported a strong first-quarter profit last night with business improving across the board, sending its shares sharply higher. CBA, also Australia’s largest mortgage lender, said in a trading update that cash net profit was about A$1.4bn (£0.77bn) as home-loan growth and stronger equity markets drove earnings.
Australia and UK seek UBS clients’ data November 8, 2009 Authorities in Britain and Australia have requested information from UBS after the Swiss bank agreed in August to disclose some 4,450 client names to settle a US tax case, the bank confirmed yesterday. UBS said in a note to its third-quarter financial statement, published last week, that tax and regulatory authorities in a number of [...]
British Airways staff to vote on Christmas strike action November 8, 2009 Passengers flying on British Airways over Christmas are bracing themselves for mayhem after 2,500 cabin crew backed union leaders’ decision to call a strike vote at a mass meeting. The ballot – in protest over the company’s imposed job cuts and two-year pay freeze – will start next week and close on 14 December. Unite [...]
SAC Capital set to be probed November 8, 2009 One of America’s largest hedge funds, SAC Capital, is expected to be probed by Wall Street regulators as part of a widening investigation into insider trading. Richard Choo Beng has agreed to furnish government prosecutors with information about the hedge fund where he worked between 1999 and 2004 and certain transactions. Neither SAC or its [...]
Vodafone to make more cuts November 8, 2009 Vodafone is expected to announced a new wave of cost cuts when it reports its interim results tomorrow. Analysts say the firm is likely to raise its target for cost-cutting from £1bn by March 2011, to £1.5bn. Vodafone is expected to report £21.6bn of revenue for the six months to 30 September, up 8.3 per [...]
Call of Duty to beat records November 8, 2009 In fresh evidence of a buoyant gaming market, Call of Duty: Modern Warfare 2 – released tomorrow – is set to smash records for the fastest selling video game of all time. The video game has already received 2.4m pre-orders in the United States alone. Online retailer Play.com said that demand is already running 75 [...]
Axa to launch 2bn cash call November 8, 2009 Insurance giant AXA is plotting a €2bn (£1.8bn) rights issue to fund potential acquisitions. It is believed that bankers BNP Paribas and HSBC have been hired to work on the capital raising. Earlier this year Axa’s senior management said that the company did not need to tap shareholders for money – but the fresh equity [...]
