Match-fix probe hits Italy camp May 28, 2012 FOOTBALL: Italy’s Euro 2012 preparations have been thrown into chaos by a probe into allegations of match-fixing. Police quizzed defender Domenico Criscito at Italy’s training camp yesterday, while Lazio captain Stefano Mauri was among 14 people arrested in connection with the investigation. The probe focuses on 33 games in the last two seasons.
Spanish yields rise May 28, 2012 Spanish debt yields jumped and shares in fourth-largest lender Bankia plunged to record lows, highlighting a lack of confidence in government efforts to stabilise the finances of Spain and its ailing banks. The yield on benchmark 10-year government bonds rose to 6.46 per cent, the highest since November. Despite a 23.5bn euros rescue, Bankia shares [...]
Prudential names Paul Manduca as new chairman May 28, 2012 Prudential, Britain’s biggest insurer, has appointed Paul Manduca as its new chairman, ending a five-month search for a successor to the outgoing Harvey McGrath. Manduca founded British fund manager Threadneedle and has been Prudential’s senior independent director since January 2011 and will take over as chairman on 2 July. Manduca will have to deal with [...]
Miners lead FTSE advance May 28, 2012 The FTSE tracked rises across Europe as a poll in Greece showed that that the pro-austerity conservative party in the debt laden state was ahead in the polls. According to the figures the New Democracy party could gain about a quarter of the votes, making it the biggest party with elections due on 17 June. [...]
Hargreaves Services shares plunge after profit warning May 28, 2012 British coal supplier and transporter Hargreaves Services said up to £16m will be wiped off next year’s profit due to difficulties at the company’s Maltby coal mine in South Yorkshire. The company said on Monday it estimated that delays resulting from unusual geological conditions encountered when it started mining a new coal seam will reduce [...]
Stockbroker Bloxham ordered to cease trading May 28, 2012 Ireland’s oldest stockbroking firm Bloxham has ceased trading, on the orders of the central bank, after the discovery of “financial irregularities.” Bloxham said that its income had been overstated over a number of years. The firm’s financial partner was immediately suspended and management has hired a firm of forensic accountants to study its accounts. Rival [...]
Aveva rise fuelled by oil and gas sectors May 28, 2012 British engineering design software group Aveva posted a 14 per cent rise in adjusted profit, helped by a strong demand at the end of the year from the oil and gas industries, increasing its confidence for the current year. The group reported adjusted pretax profit of £62.3m – the market was expecting an average of [...]
JP Morgan pumps $400m into China unit May 28, 2012 JPMorgan has injected 2.5bn yuan ($394m) into its China unit, the latest foreign bank to beef up its Chinese operations. Foreign banks, including HSBC and Singapore’s DBS Group, have either injected or are planning to pump in capital into their China units which are expected to grow rapidly over the coming years even as growth [...]
End in sight for consumer woes May 27, 2012 INCOME tax cuts and falling inflation will at last end the long squeeze on households and start to stimulate an economic recovery, top economists predicted this morning. After five gloomy years, consumers will see disposable incomes stabilise through 2012 and accelerate next year, Ernst and Young’s Item club believes, creating a “slow and steady recovery [...]
Greek polls: pro-bailout party ahead May 27, 2012 THE LATEST round of polling in Greece shows the country’s pro-bailout New Democracy party pulling ahead of anti-austerity Syriza shortly before new elections. Two of the five new polls out over the weekend also suggest that the pro-bailout Socialist party could get enough votes to form a majority coalition government with New Democracy after the [...]
