UK trade deficit hits record high as exports sink August 9, 2012 BRITAIN’S trade deficit hit a record high in June, as exports tumbled during a month in which economic activity was disturbed by the Queen’s Jubilee. The trade gap widened to £4.3bn in June, up from £2.7bn in May, as shipments of goods collapsed by 8.4 per cent. Exports of services rose 1.7 per cent, failing [...]
BUSINESS VIEWS | WHAT DO BRITISH FIRMS NEED IN ORDER TO START EXPORTING MORE? August 9, 2012 CHUKA UMUNNA SHADOW BUSINESS SECRETARY To boost our exports in the long term the government must adopt active industrial strategies across the board. The Business Department has failed to adequately help firms which want to export, in particular small companies. It speaks volumes that the government’s finance scheme to boost exports only helped five firms [...]
Man United prices its IPO below target August 9, 2012 MANCHESTER United last night priced shares in its New York listing at $14, below the expected range, bookrunner Jefferies said, valuing the British football club at $2.3bn (£1.47bn). The team priced 16.7m shares, as planned, and raised $233.2m, making the deal the largest sports-team IPO on record, according to Thomson Reuters data. However, this is [...]
JP Morgan cuts capital level in wake of losses August 9, 2012 BANK regulators forced JP Morgan to recalculate capital levels for its primary banking unit, resulting in lower readings of its cushion against losses, the company said yesterday. The revisions reduced the bank’s Basel I Tier 1 common ratio to 9.9 per cent from 10.3 per cent at the end of June, JP Morgan said in [...]
Investors raise questions over Standard Chartered’s defence August 9, 2012 SHARES in Standard Chartered languished 13 per cent below their price on Monday, before the allegations it violated US sanctions against Iran. Despite a thee per cent rise in the share price yesterday, investors question Standard’s defence. The bank, which until recently enjoyed one of the cleanest reputations in British banking, lost more than a [...]
Tourism to the UK tumbled in Jubilee month August 9, 2012 TOURISM to the UK dropped in June when compared to the same time last year, official figures revealed yesterday, while Brits made more trips abroad. Despite tourism to these shores being higher throughout 2012 so far, in June alone the number of visits fell to 2.6m. In June 2011 the figure had been 2.9m. Income [...]
Bolt blasts Lewis after blazing new 200m trail August 9, 2012 WORLD’S fastest man Usain Bolt launched a stinging verbal attack on former track great Carl Lewis last night after confirming, in his own words, his legendary status by becoming the first man to retain both individual Olympic sprint titles. Bolt said he had lost all respect for Lewis, and cast doubt on his own future [...]
Tomorrow night will be all about Farah August 9, 2012 Ican’t believe we are already two weeks into the Games; I’ve loved every day of it. I’m lucky enough to have seen Chris Hoy in the Velodrome, Beth Tweddle on Monday and the guys on super Saturday. But the thing I have most enjoyed is how the Olympics are capturing the whole nation. We now [...]
Adams: Following Leonard and Ali completes a lifelong dream August 9, 2012 GREAT Britain’s Nicola Adams revealed her pride at following in the footsteps of boxing greats Muhammad Ali and Sugar Ray Leonard after winning an Olympic gold medal in the flyweight final. In defeating China’s Ren Cancan in such considerably convincing fashion, Adams became the Olympic Games’ first female winner of a boxing gold and even [...]
TODAY AT THE GAMES August 9, 2012 Athletics ■ Great Britain’s men aim for a medal in the 4x400m relay final at 21:20. Lisa Dobriskey and Laura Weightman run in the women’s 1,500m final at 20:55, while Julia Bleasdale and Joanne Pavey compete in the women’s 5,000m final at 20:05. In the women’s 4x100m final, Jamaica and USA are likely to be [...]
