Shining light on a murky regulatory review September 22, 2010 WHEN Vince Cable told the Liberal Democrat conference, “I am shining a harsh light into the murky world of corporate behaviour,” that was his cryptic way of announcing to the nation a comprehensive regulatory review. With potentially far-reaching impact, this rather shadowy proposal deserves more light than Cable gave it in his remarks. The detailed [...]
CITY VIEWS: HAS THE ATTACK ON BUSINESSES GONE TOO FAR? September 22, 2010 CHRIS BUXTON | UBS “Yes, I think it will deter businesses from the UK – which will lead to lower tax receipts for the government anyway. I think it is just a way for the government to win popularity.” LEO MELLIS | MILLER INSURANCE “I have an entrepreneurial spirit and so I am most concerned [...]
Gibbs blow only ‘short-term’ September 22, 2010 FOOTBALL: Arsenal say Kieran Gibbs will only be missing for the “short term” after injuring his foot in the Carling Cup victory over Tottenham on Tuesday night. Gunners boss Arsene Wenger feared the England left-back had suffered his second broken metatarsal in a year. But scans revealed the 20-year-old had not suffered a fracture. “Kieran [...]
Godman ruled out for six months September 22, 2010 RUGBY UNION: Scotland fly-half Phil Godman has been ruled out of both the autumn internationals and the Six Nations Championship after picking up a serious knee injury. The Edinburgh player is set for a six-month lay-off after suffering the injury in training. Scotland team doctor James Robson said: “He will have to undergo surgery in [...]
Tunisia first up for Great Britain September 22, 2010 TENNIS: Great Britain will begin their 2011 Davis Cup campaign with a home tie against Tunisia in March. Leon Smith’s team will fancy their chances of coming through the Europe/Africa Group II tie with no fewer than seven British players lying ahead of Tunisian No1 Marek Jaziri, ranked 420th, in the world rankings. Victory over [...]
FedEx hopefuls compete for $10m September 22, 2010 GOLF: The FedEx Cup play-off series climaxes in Atlanta with the Tour Championship this weekend as the PGA Tour’s top 30 players compete for the $10m series jackpot. The one notable absentee is defending champion Tiger Woods, who failed to qualify following a wretched year, giving Phil Mickelson the chance to replace him as world [...]
Santander to be grilled by Commission September 22, 2010 SPAIN’S Santander will join the UK’s largest banks in facing individual grillings by the government’s independent banking commission when the private phase of the review gets under way next year. The commission’s official consultation launches tomorrow when ex-OFT boss Sir John Vickers, the chairman, publishes an initial “issues paper” setting out its agenda. The two [...]
FSA?doles out more fines in Lehman saga September 22, 2010 THE FINANCIAL Services Authority (FSA) has imposed three more fines relating to Lehman Brothers-backed mortgage products, the watchdog sa id yesterday. Legal outfit Thorntons Law was fined £35,000 for misleading customers about the risks of mortgage-backed securities. Michael Royden, a partner at the Dundee-based firm, was separately fined £10,500. The FSA said the company had [...]
US Tarp boss says he will quit September 22, 2010 HERB Allison, the former investment banker who was the US Treasury Department’s overseer for the bank bailout fund, told staff yesterday he was stepping down as the programme nears an official end. Allison was assistant secretary for financial stability, which put him in charge of the $700bn (£446bn) Troubled Asset Relief Programme (Tarp) set up [...]
Public spending cuts force ?Archial into administration September 22, 2010 BRITISH architectural firm Archial Group called in the administrators yesterday after the taxman rejected a payments deal and in the wake of a slowdown in business due to government spending cuts in the UK. The administrators from PricewaterhouseCoopers would now seek a rapid sale of Archial as a going concern, said the company in a [...]
