LIONS WOUNDED IN VICTORY June 16, 2009 THE BRITISH and Irish Lions will take a 100 per cent record into Saturday’s first Test against South Africa after beating the Southern Kings 20-8 yesterday. But their elation was tempered by concern after a bruising encounter resulted in injuries to prop Euan Murray and fly-half James Hook (above). Wing Ugo Monye scored the opening [...]
Q & A : WHAT DID THE CARTER REPORT DELIVER? June 16, 2009 Q. WHAT DOES THE REPORT MEAN FOR REGIONAL NEWSPAPERS A. Struggling regional newspaper owners like Johnston Press, Trinity Mirror and DMGT had been hoping for a relaxation of merger rules, which would have led to scores of cost-saving mergers across the industry. But the Office of Fair Trading says the rules should stay as they are Q. WILL IT LEAD TO BROADBAND FOR ALL?A. It’s unlikely. It proposes universal access to 2Mbps broadband, which is actually very slow but fast enough to watch [...]
Ace Gerrard rocks Reds with shock quit threat June 16, 2009 STEVEN GERRARD has rocked England by insisting next summer’s World Cup could be his last after admitting he could retire in 2013. The Liverpool captain will be 33 at the end of his current contract, when he says he wants to call time on his illustrious career as a one-club man. Midfielder Gerrard also admitted [...]
CITY VIEWS: SHOULD PART OF THE BBC LICENCE FEE GO TO COMMERCIAL BROADCASTERS? June 16, 2009 DAVID MAYNARD UBS“If the BBC is going to remain competitive it’s going to have to pay enough to keep the best people at the channel. I think it should keep the money. At the end of the day if they don’t pay enough, their best staff will defer to rivals who will.” RISHI PATEL RBS [...]
Economy fears hit oil, miners and banks but defensives fly June 16, 2009 THE FTSE 100 closed 0.1 per cent higher yesterday, recovering only a small part of Monday’s sharp falls as strength in defensive stocks was countered by falls in oils, miners, and banks. At the close the FTSE 100 was up 2.56 points at 4,328.57, rallying slightly after hitting a six-week closing low on Monday when [...]
US falls on gloomy stats and Best Buy June 16, 2009 US stocks slipped yesterday as mixed economic data and disappointing sales figures from giant electronics retailer Best Buy spurred worries about an anemic recovery. After a three-month run that lifted the S&P 500 as much as 40 per cent from 12-year lows, analysts said the economy needs to start showing real improvement to support optimism [...]
Tchenguiz not backing down June 16, 2009 PROPERTY tycoon Vincent Tchenguiz yesterday refused to adjourn a general meeting of shareholders in Bramdean Alternatives, the listed fund for which he is tussling for control, while a leading corporate governance group warned his actions could give rise to potential conflicts of interest. The announcement comes after Nicola Horlick, the manager of Bramdean Alternatives, on [...]
More cheer for hedge funds as liquidations fall 50 per cent June 16, 2009 THE pace of hedge fund closures slowed in the first quarter, falling by 50 per cent compared to the final three months of 2008, in yet more good news for the industry. The record hedge fund liquidations seen in last three months of 2008, when 778 vehicles folded, proved to be short-lived, according to research [...]
GEITHNER: A MAN WITH A PLAN June 16, 2009 US TREASURY secretary Timothy Geithner’s plan to revamp financial regulation, likely to be the broadest overhaul since the 1930s, will today be announced by President Barack Obama. The changes are expected to include tougher capital requirements for financial institutions and more “robust” reporting requirements.
RBS to ease burden on debtors June 16, 2009 Royal Bank of Scotland is to delay foreclosures on commercial property assets, to give struggling customers more time to pay, the bank’s boss Stephen Hester said yesterday. He told the British Property Federation’s annual conference RBS is determined to “behave responsibly and to play a long game” to help customers manage debts. He added that [...]
