Hants and Sussex reach final July 5, 2009 CRICKET: Hampshire and Sussex will contest this year’s Friends Provident Trophy final on 25 July after rallying to semi-final victories. An opening stand of 186 between Jimmy Adams (78) and Michael Lumb (76) helped Hampshire to 271 against Lancashire at Old Trafford, who were never in the hunt in reply, falling 64 runs short despite [...]
Giants climb up to third July 5, 2009 RUGBY LEAGUE: Two tries from David Faiumu helped Huddersfield maintain their Super League play-off hopes with a 30-14 victory over Wakefield which moved the Giants to third in the table. Castleford Tigers are also still in the play-off hunt after they beat struggling Bradford 40-38 in a thrilling game which saw both sides touch down [...]
NOMURA QUITS CANARY WHARF July 5, 2009 Japanese bank Nomura has decided to ditch Canary Wharf and locate 3,600 UK employees, including 2,000 former Lehman Brothers staff, in the City. Nomura will today sign an exclusivity deal for the new riverside complex Watermark Place, following months of internal debate about where to locate its London staff. The bank will pay around £40 [...]
DARLING: PAY SQUEEZE FOR STATE SECTOR July 5, 2009 ALISTAIR Darling has hinted at a public sector pay freeze to tackle Britain’s budget black hole. In response to Audit Commission chief executive Steve Bundred’s call for £5bn savings in wages, the chancellor said: “Public sector pay obviously has got to reflect prevailing conditions, and in particular inflation has come way down.” He said the [...]
Rover report gets delayed July 5, 2009 THE government is set to delay the publication of a report into the collapse of carmaker MG Rover in 2005, pending an investigation by the Serious Fraud Office. The move, set to be announced by business secretary Peter Mandelson today, follows a four-year inquiry into the company’s collapse, which led to more than 6,000 job [...]
It would be mad to hike capital gains tax July 5, 2009 FOR all of Gordon Brown’s increasingly laughable attempts at dissembling on the matter, there is absolutely no doubt that public spending will have to be slashed after the general election, regardless of who wins. Alistair Darling said as much yesterday, and that was also the implication of the comments from John Hutton, the former defence [...]
Treves may stand as MP July 5, 2009 EQUITABLE Life chairman Vanni Treves may stand as an MP in the next general election, in a bid to force the government to accept the damning findings of an Ombudsman report into the life insurer’s failure. Treves is being urged to stand as an independent member of parliament by a group of Equitable policyholders, who [...]
WHAT THE OTHER PAPERS SAY THIS MORNING July 5, 2009 THE SUNDAYSThe Sunday TelegraphPRU ENSURES CHANGES TO CAZENOVE RESEARCHJP Morgan Cazenove has rewritten a piece of research about Prudential that initially made a string of adverse comments about the insurer’s accounting procedures. The research note is understood to have made disparaging remarks about reporting decisions taken by Tidjane Thiam, set to take over as chief [...]
Advertising to recover next year July 5, 2009 The global advertising downturn is approaching its lowest point and, after a fall of 8.5 per cent in 2009, the industry should recover mildly in 2010, according to a ZenithOptimedia report. The 2009 forecast was bleaker than an earlier prediction of a 6.9 per cent drop, as the first quarter came in worse than expected.
Chrysler completes new board July 5, 2009 Failed US automaker Chrysler has named the final five bosses on its board of directors. Chrysler, which emerged from bankruptcy last month by selling most of its assets to a group led by Italy’s Fiat Spa, named bosses including former Northwest Airlines head Douglas Steenland and Tristone Capital chairman and president George Gosbee.
