Mutai beats typhoid for Marathon April 17, 2012 ATHLETICS: Defending champion Emmanuel Mutai will run in Sunday’s London Marathon despite a recent bout of typhoid. The Kenyan, who set a course record last year, is seeking a place at this summer’s Olympics.
Redpath Sale switch denied April 17, 2012 RUGBY UNION: Gloucester chiefs have denied departed head coach Bryan Redpath is set to become director of rugby at Sale.
State Street hit by rising cost of employees April 17, 2012 STATE Street said yesterday that first-quarter profit fell 11 per cent as compensation and other employee benefits surged at nearly three times the pace of operating revenue. State Street said compensation and employee benefits in the first quarter rose nine per cent from a year earlier to $1.06bn (£665m). The bank attributed the increase to [...]
Goldman knows the ECB flood can’t last forever April 17, 2012 BOTH Goldman and Citi have seen a strong recovery this quarter, as markets, flooded with shiny new euros from the ECB, have had to do something with the cash. They have also both benefited from a backlog of debt-hungry banks and corporates that were holding off on issuance for the latter half of 2011. In [...]
US Bancorp beats Wall Street forecasts on mortgage sales April 17, 2012 US BANCORP’S first-quarter profit topped analysts’ expectations yesterday as mortgage banking revenue surged. Like other large banks, US Bancorp received a boost as borrowers refinanced home loans at low interest rates. Mortgage banking revenue more than doubled to $452m. US Bancorp has been building up its mortgage business while some large banks pull back, helping [...]
Top MPs angry at Osborne’s Budget leaks April 17, 2012 AN INFLUENTIAL group of MPs hit out at George Osborne’s handling of the budget today, accusing him of basing the 50p tax change on “highly uncertain” figures, adding extra complexity around the child benefit regime and failing to stop leaks. Citing the highly uncertain impact of the 50p tax, the Treasury Select Committee called for [...]
Hedge funds hit back over new European rules on the industry April 17, 2012 CONTROVERSIAL new European rules planned for hedge funds could threaten financial stability, the global industry trade body has warned. The European Commission has made “significant and wide-ranging” departures from regulatory advice, claims to the Alternative Investment Management Association. “If implemented without modification, the proposed Commission text could be disruptive to the asset management industry in [...]
Ken: Mayor has too much power for one person April 17, 2012 KEN Livingstone yesterday said he was “still not persuaded” by the mayoral system because it concentrates too much power in one person’s hands. “It’s easy to avoid serious scrutiny – Boris has had six press conferences in four years. When you come to see how the assembly gets to question him once a month that’s [...]
US M&A share sinks to lowest on record April 17, 2012 AMERICA’S share of the global M&A market has hit a record low, according to research by data provider Dealogic. Deals targeted at the US market made up just 30 per cent of global M&A volume thus far in 2012, a record low year-to-date share, down from 34 per cent at the same point in 2011. [...]
IMF upgrades its forecast for growth in UK April 17, 2012 THE IMF upgraded the UK’s GDP growth forecast yesterday, arguing that the strong deficit reduction plan was boosting confidence in the country, as it said the global outlook was also improving. UK growth should now come in at 0.8 per cent this year, the International Monetary Fund said, a 0.2 percentage point rise on January’s [...]
