Liverpool suffer Euro heartbreak November 24, 2009 • Reds’ victory rendered worthless by Fiorentina win• But under-fire boss Rafael Benitez assured his job is safe LIVERPOOL (1) Vs DEBRECEN (0) UNDER-FIRE Liverpool boss Rafael Benitez received the dreaded vote of confidence last night after the Reds lost out on a potential £30m fortune by crashing out of the Champions League group stages. [...]
Federer too strong for Murray in O2 thriller November 24, 2009 BRITAIN’S Andy Murray was reminded what world No1s are made of last night when Roger Federer came from a set down to beat him at the ATP World Tour Finals. Murray, the world No4, took the first set but saw his serve desert him as 15-time Grand Slam winner Federer powered back to take the [...]
Portsmouth lose patience with Hart failure as Grant prepares to take reins November 24, 2009 PORTSMOUTH director of football Avram Grant is expected to take over as manager after the club sacked Paul Hart yesterday. Hart paid the price for a disastrous start to the season that has left them anchored to the bottom of the Premier League after 10 defeats from 13 games. His departure clears the way for [...]
World Cup bid in disarray as Richards quits board November 24, 2009 ENGLAND’S hopes of staging the 2018 World Cup have been dealt another blow after Premier League chairman Sir Dave Richards resigned from the bid’s board. The departure of Richards, who joined the bid as vice-chairman for international relations just seven months ago, comes after a restructuring of the board earlier this month. It is the [...]
FOREX FLASH November 24, 2009 JPMorgan sees further falls for buck JPMorgan yesterday cut its 2010 forecast for the US dollar and predicted that the greenback will fall to as low as $1.62 per euro in the second quarter of next year. The continuing decline in the dollar will be driven by signs that the Federal Reserve will keep its [...]
THE TIPSTER November 24, 2009 THE dollar has been falling across the board, but against the Swiss franc it is now flirting with parity. The pair was seen at these levels in the first quarter of 2008, but the currency never managed to fall below SFr 0.9877, and a sustained break below parity would be moving towards uncharted territory. The [...]
LLOYDS LAUNCHES ITS RECORD RIGHTS ISSUE November 24, 2009 LLOYDS Banking Group yesterday launched the biggest cash call the City has ever seen with its long-awaited £13.5bn rights issue, offering new shares to investors at a deep discount of almost 60 per cent. The rights issue has been priced at 37p, a discount of 59.5 per cent to Monday’s close of 91.47p. Under the [...]
HSBC: OVER-REGULATION MAY CAUSE NEW CRUNCH November 24, 2009 HSBC chairman Stephen Green yesterday warned over-regulation of the City threatens to destabilise the financial services sector and send the economy spiralling back into recession. Speaking at the Hermes and City of London asset management conference, Green said: “The impact of various measures currently under discussion for the enhancement of capital ratios, at the wrong [...]
It is time for Asian economies to grow up November 24, 2009 MORE than ever, I’m convinced that a combination of the West’s ultra-loose monetary policies and Asia’s juvenile reaction to the tidal wave of cheap money this has created are fuelling a new bubble. So I was fascinated to read a series of reports yesterday arguing a very similar point. They are from HSBC’s global research [...]
Bank gave secret 62bn loan to HBOS and RBS November 24, 2009 THE Bank of England has revealed for the first time that it lent Royal Bank of Scotland (RBS) and HBOS £61.6bn in a bid to save the financial system from collapse. Governor Mervyn King yesterday admitted a secret deal had been done last November as the lenders struggled for survival. But the undercover nature of [...]
