Latvian police closer to solving riddle of City A.M. shareholder August 19, 2012 LATVIAN police are reported to have found a dead body they believe to be that of Leonid Rozhetskin, a shareholder and board member of City A.M., who has been missing since April 2008. Rozhetskin, a Russian-born lawyer living in the US, was a prominent investor in telecoms group MegaFon and served as executive vice chairman [...]
Darling calls on Osborne to find economic Plan B August 19, 2012 ALISTAIR Darling yesterday called on George Osborne to find a Plan B for the economy or cause “immeasurable” damage to the country. “It’s as if you’re both saying there’s nothing you can do and nature must take its course,” the former chancellor wrote in an open letter published in The People. “You really must act. [...]
Barclays takes PingIt to Africa August 19, 2012 Barclays is to launch an international version of its PingIt smartphone app in Kenya this week before expanding to other African countries later this year. The Pingit app allows UK users to link their mobile number to their bank account and then send cash to any other registered user using a five-digit PIN code. Barclays [...]
Assange berates US from balcony August 19, 2012 WikiLeaks founder Julian Assange yesterday berated the United States from the balcony of the Ecuadorean embassy where he has sought refuge from arrest, challenging President Barack Obama to end what he called a witch-hunt against his whistle-blowing website. Speaking from within the London mission to avoid being detained by British police who want to extradite [...]
Genesis gets ready for float August 19, 2012 Middle-East focused gas explorer Genesis Energy is poised for a London listing on the junior AIM market. Israeli founder Teddy Sagi, majority-owner of online gaming group Playtech, is believed to have appointed broker Canaccord Adams to handle the float, expected to raise between $90 to $120m.
What the other papers say this morning August 19, 2012 FINANCIAL TIMES Call to limit China’s UK nuclear stake Chinese companies competing for one of the UK’s biggest nuclear projects are unlikely to end up with a majority stake in any winning consortium in an attempt to allay concerns about Beijing gaining control of the Horizon reactor programme. Olympics effect on Scottish vote in debate [...]
MPs hit back at critics of Bob Diamond report August 19, 2012 THE WAR of words between MPs and former Barclays bosses escalated yesterday as furious parliamentarians defended their report into the bank’s Libor manipulation and their criticism of Bob Diamond. Former Barclays director Sir Nigel Rudd expressed shock at the accusations that Diamond had been dishonest with the Treasury Select Committee (TSC), saying the damning report [...]
Economists say the mooted ECB yield cap could save Eurozone August 19, 2012 ECONOMISTS yesterday hailed reports that the European Central Bank (ECB) may buy government bonds to stop yields rising to dangerously high levels, saying such action could at last defuse the debt crisis plaguing the economy. The ECB could make the decision to cap yields’ spreads over German bunds at its next meeting in early September, [...]
Virgin Money aims for 5m bank customers by end of the year August 19, 2012 VIRGIN MONEY said yesterday it is on course to reach 5m customers by the end of the year as it reaps the benefit of rival banks’ scandals and payment problems. Virgin, which had around 4m customers after it spent £747m buying Northern Rock from the government in November, said that since the January merger it [...]
Lonmin’s chief will return after executive re-jig August 19, 2012 LONDON-listed miner Lonmin yesterday said its chief executive Ian Farmer will return to take the helm of the business despite a re-jig of executive responsibilities following his hospitalisation. Farmer, the well-respected chief executive of the firm, took leave of the day to day running of the business last Thursday after being hospitalised following a routine [...]
