FSCP urges FSA consumer role June 16, 2009 The Financial Services Consumer Panel (FSCP) yesterday urged the Financial Services Authority (FSA) and the government to focus on regulation for consumers and the supervision of wholesale markets. In its response to FSA chairman Lord Adair Turner’s report on the future of regulation, the FSCP said the City watchdog should be given responsibility for issues [...]
Quality brands are becoming more popular again June 16, 2009 FOR a while we saw the march of the “value” brands, as the recession helped Aldi and co make advances on their more expensive rivals. The graph shows what actually happened to brand values. We have created two baskets of brands – seven associated with lower-end or “value-for-money’ (Aldi, Morrisons, Primark, Matalan, RyanAir, Walls, Subway), [...]
Airbus, Boeing in Paris slump June 16, 2009 THE PARIS Air Show has seen Airbus and Boeing bag 24 orders between them so far year, compared to over 2,700 by the same point in the show last year, as the global recession continues to take its toll on the battered companies. Airbus pulled out all the stops to sell its new A380 with [...]
Jayawardene shines as Sri Lanka breeze into semi against Windies June 16, 2009 SRI LANKA thrashed New Zealand by 48 runs at Trent Bridge to reach the semi-finals of the World Twenty20. Mahela Jayawardene smashed six fours and a six in a 29-ball 41 as Sri Lanka posted 158-5. Spinner Ajantha Mendis then took 3-9 to destroy New Zealand’s attempt at a reply and secure a last-four clash [...]
Martinez has Euro goal at Wigan June 16, 2009 FOOTBALL: Roberto Martinez has targeted European qualification after taking charge at Wigan. The former Swansea boss said: “We need to have a dream, which for Wigan is to one day play in Europe.”
FIA slams teams’ bid for power June 16, 2009 FORMULA ONE: Governing body the FIA yesterday blasted teams’ association FOTA, accusing it of trying to wrestle control of the sport. The future of F1 is under threat amid a long-running row between the two parties over cost-cutting measures. The FIA said: “FOTA has set itself two clear objectives: to take over the regulation of [...]
Carling Cup first round draw June 16, 2009 FOOTBALL: Football League newcomers Burton Albion have been handed a trip to Championship high-fliers Reading in the first round of next season’s Carling Cup. Fellow promoted side Torquay visit Crystal Palace, while West Brom, relegated from the Premier League last season, visit League Two Bury.
CITY MOVES WHO’S SWITCHING JOBS June 16, 2009 AIB GroupThe UK-based subsidiary of Allied Irish Bank has appointed Nick Treble to the position of managing director. Treble, 49, has worked at the bank for 27 years, joining in 1982 as a trainee in its treasury department. He subsequently held posts in London as head of treasury and general manager for capital markets, before being appointed group treasurer in 2001. He became chief risk officer in early 2008. Financial Services Authority The City watchdog has appointed Ken [...]
Man Utd and Chelsea face off for 60m star Ribery June 16, 2009 MANCHESTER UNITED and Chelsea are locked in a four-way battle with Europe’s biggest clubs to sign £60m-rated Bayern Munich winger Franck Ribery, the German club said yesterday. United have bid for the France star as a replacement for Real Madrid-bound Cristiano Ronaldo, while Bayern said they had also received a bid from Chelsea, who are [...]
Carter under attack over Digital vision June 16, 2009 CRITICS were yesterday lining up to say that Lord Carter’s Digital Britain Report had failed to prepare the nation for a digital future. The communications minister, who is leaving the government this summer, outlined plans to use part of the BBC’s “switchover surplus” – money earmarked to pay for the digital switchover – and a [...]
