Global shares inch down as growth worries weigh August 13, 2012 Asian shares edged lower today as investors saw further evidence of slowing global growth, while the bleaker economic outlook kept hopes alive that authorities around the world will embark on more stimulus measures. European stocks were likely to inch higher, while a 0.3 per cent drop in US stock futures signalled a weak Wall Street [...]
Lord Coe tasked with striving for an Olympian legacy August 12, 2012 THE GLORIOUS success of the last 16 days must be used as a springboard to boost British business as well as sport for years to come, the government announced yesterday, appointing Lord Coe to the new position of Olympics legacy ambassador. Coe is charged with using his global image to travel the world pushing new [...]
Brit athletes came of age August 12, 2012 HOPES were high in sporting circles that Great Britain would enjoy a vintage Olympics; after all, host nations typically experience a spike in performance. But few imagined the last two weeks could go as well as they did, with records tumbling like dominoes, new talent emerging and a few stars ascending to true greatness. Mo [...]
Britain’s business champions cheer on Olympic success August 12, 2012 Sir Richard Branson President, Virgin Group “The Games have gone fantastically well. They’ve provided us with some incredible performances from the likes of Michael Phelps and Usain Bolt, while from a British perspective it’s been wonderful to see our athletes having such a successful Games. Perhaps the most pleasing aspect has been how the vast [...]
All eyes on London: how the world saw 2012 August 12, 2012 THE US “For a fortnight, a stiff upper lip curls into a smile,” declared the New York Times, hailing the feelgood atmosphere of London 2012 as a surprising change of pace from the usually reserved Brits. From the “properly spectacular and deeply, ironically and absurdly British” spectacle of the opening ceremony to the first super [...]
PwC forecasts 100pc rise in UK bank share values August 12, 2012 BRITISH banks’ stock market valuations could rocket by 20 per cent by 2014 and even double in the next three to five years as investors regain confidence in a sector, according to a PwC report out today. Shareholders have been pummelled since the financial crisis, as uncertainty and new regulatory costs have plagued the industry. [...]
Sir David Walker plans to stop rewards for failure at Barclays August 12, 2012 NEW BARCLAYS chairman Sir David Walker is already working on finding a new chief executive for the beleaguered bank, it emerged over the weekend, and hopes to make his choice within the next six weeks – well before he formally takes up the position in November. The incoming boss also said he wants to clamp [...]
Standard Chartered looks to clear up scandal at US hearing August 12, 2012 STANDARD Chartered hopes to move a step closer to resolving its dispute with US authorities at a hearing on Wednesday – where regulators want to hear why the bank should keep its licence to operate in New York state. The UK bank has been accused by the Department of Financial Services in New York of [...]
WHAT THE OTHER PAPERS SAY THIS MORNING August 12, 2012 FINANCIAL TIMES Posen in parting shot at King An outgoing member of the Bank of England’s Monetary Policy Committee has challenged the governor Sir Mervyn King for his insistence that central banks should buy only government bonds in quantitative easing programmes to stimulate growth. G20 plans response to rising food prices G20 countries are to [...]
OLYMPIC MEDIA BUZZ LONDON 2012 PARTNERS August 12, 2012 IN ASSOCIATION with Repskan.com, City A.M. is measuring the relative Olympic media buzz around the London 2012 Olympic and Paralympic Games partners, week by week. The leaderboard, right, reflects their ranking over the past week, in this case from Wednesday 2 August to Wednesday 9 August. BMW saw a surge in mentions, as more people [...]
