Roddick to retire after US Open August 30, 2012 TENNIS: American Andy Roddick is to retire from tennis after the US Open.
Blake and Bolt win in Zurich August 30, 2012 ATHLETICS: Jamaicans Yohan Blake and Usain Bolt last night respectively won the diamond league meeting’s 100m and 200m.
Trinity Mirror hires HMV’s Fox as chief executive August 30, 2012 Simon Fox, chief executive of struggling entertainment retailer HMV Group, will take over the helm at Trinity Mirror next month as the British newspaper group seeks a fresh strategy to counter falling newspaper sales and weak advertising markets. Trinity Mirror, which owns the Daily Mirror as well as over 100 regional titles, said today that [...]
ECB action prospects underpin Italian bond auction August 30, 2012 A successful Italian bond auction on Thursday pointed to growing confidence among investors that the European Central Bank (ECB) will live up to its words and take measures to change the course of the currency bloc’s debt crisis. In Beijing, German Chancellor Angela Merkel appeared to temper China’s fears about the damage the crisis could [...]
FTSE 100 lower as Barclays steals headlines August 30, 2012 The leading share index opened modestly down this morning, but the real focus was on Barclays, as it appointed head of the retail bank Antony Jenkins as its new chief executive. Miner Ferrexpo led the fallers, losing 10.2 per cent in early trading, as the company went ex-dividend yesterday. Recruitment firm Hays fell 8.48 per [...]
Citigroup settles lawsuit for £372m August 30, 2012 Citigroup agreed to pay $590m (£372m) to settle a shareholder lawsuit accusing it of hiding tens of billions of dollars of toxic mortgage assets, one of the largest settlements stemming from the global financial crisis. The agreement resolves claims that shareholders ended up with massive losses after the bank failed to take timely write-downs on [...]
Barclays appoints Antony Jenkins as chief executive August 30, 2012 Barclays today named retail boss Antony Jenkins as its new chief executive, handing an insider the task of helping to repair the damage caused by a rate-rigging scandal. Softly spoken Jenkins, brought in six years ago to turn around the bank’s credit card business, replaces Bob Diamond, who built up Barclays’ thriving investment bank but [...]
WPP revises down full-year outlook August 30, 2012 WPP nudged down its full-year outlook today after cautious customers demanded better value for money from the world’s largest advertising group in the second quarter of the year. The slight change in tone from WPP’s large client base meant the group posted revenues up 3.6 per cent on the all-important metric of a like-for-like basis, [...]
JJB Sports puts itself up for sale August 30, 2012 Struggling British sports goods retailer JJB Sports Plc put itself up for sale this morning, issuing a dismal statement that warned investors that their shares may be worthless. Directors of the Wigan-based company, which throughout 2012 has been rocked by funding issues, falling sales and stiff competition, said they did not believe that the company [...]
City slams wealth tax August 29, 2012 A WEALTH tax would hurt economic growth, drive firms away from Britain and fail to raise anywhere near enough money to solve the government’s financial problems, an array of City leaders argued yesterday, attacking Nick Clegg’s proposals as “the politics of envy”. Chancellor George Osborne also dismissed the deputy Prime Minister’s attempt to revive the [...]
