Carmakers face OFT probe September 15, 2010 A NUMBER of Europe’s best-known vehicle makers, including Mercedes-Benz, are at the centre of a price fixing investigation by the Office of Fair Trading (OFT). The OFT last night confirmed that it had launched both criminal and civil investigations into suspected price-fixing by major lorry manufacturers in the UK. The OFT said it was looking [...]
Rok drafts in PwC ahead of refinance talks September 15, 2010 ROK is understood to be setting up refinancing discussions with its lenders, a month after the building group issued its second profit warning of the year. A company spokesman said it was not at risk of breaching its covenants, and said the move to renegotiate its debt was an indication it was confident of meeting [...]
WHAT THE OTHER PAPERS SAY THIS MORNING September 15, 2010 FINANCIAL TIMES BOND STRATEGY LED TO BIG WIN AFTER LEHMAN The collapse of Lehman Brothers and central banks’ unorthodox monetary policies distorted markets to create some of the biggest pricing anomalies ever documented in bond trading, according to research from leading US academics. A paper from the US National Bureau of Economic Research claims to [...]
Cable’s power grab threat to share listings September 15, 2010 LONDON’S competitiveness as an attractive company listing destination is in danger of being jeopardised by political gesturing between business secretary Vince Cable and the Treasury, one of the UK’s most senior investment bankers has warned. Sir Laurie Magnus, who was yesterday appointed chairman of Lexicon Partners, said plans to separate the regulation of primary and [...]
Female workers allege bias at Goldman Sachs September 15, 2010 THREE women who formerly worked for Goldman Sachs are suing the Wall Street giant for what they say is rampant gender discrimination that unfairly favours men in pay and promotions. The lawsuit filed yesterday alleges that Goldman has violated federal and New York City laws by engaging in a systematic “pattern and practice” of discrimination [...]
City are striker light in Austria September 15, 2010 MANCHESTER City boss Roberto Mancini has just two strikers fit for tonight’s opening Europa League match at Red Bull Salzburg. Emmanuel Adebayor has not recovered from the dead leg that kept him out at the weekend, meaning Mancini has only Carlos Tevez and Jo at his disposal. Centre-back Joleon Lescott is also absent but full-back [...]
Notts curse rain as title charge fades September 15, 2010 NOTTINGHAMSHIRE director of cricket Mick Newell was last night resigned to his side falling foul to a cruel twist of fate in the County Championship title race. Heavy rain in Manchester again washed out an entire day’s play of their crucial final match of the season against Lancashire, meaning only 28 overs have been possible [...]
Booze-free Westwood ready for Ryder September 15, 2010 ENGLAND’S Lee Westwood insists he is over his injury troubles and ready to spearhead Europe’s quest to reclaim the Ryder Cup next month. Westwood, the world No3, has not struck a ball competitively since pulling out of the WGC-Bridgestone Invitational seven weeks ago. But Europe’s highest-ranked player is convinced he has recovered from a ruptured [...]
Wenger hails captain Cesc as awesome Arsenal hit six September 15, 2010 ARSENAL (6) vs BRAGA (0) ARSENAL boss Arsene Wenger singled out Cesc Fabregas for praise after his captain orchestrated a Champions League demolition of Braga, scoring twice and setting up two more in a victory of embarrassing ease. Substitute Carlos Vela had time to register a brace of his own, while Andrei Arshavin and Marouane [...]
It’s Anelka at the double as Chelsea take Euro stroll September 15, 2010 MSK ZILINA (1) vs CHELSEA (4) CARLO ANCELOTTI hailed his ruthless Chelsea after Champions League rookies MSK Zilina were given a rude awakening in their Group F opener in Slovakia. Nicolas Anelka scored twice, either side of strikes from Michael Essien and Daniel Sturridge, as the Blues began their European campaign with a thumping win. [...]
