Weary Djokovic survives five-set US Open thriller August 31, 2010 THIRD seed Novak Djokovic survived a huge scare last night to limp into the second round of the US Open at Flushing Meadows. The 2007 finalist was forced to come back from two sets to one down and a break down to eventually beat fellow Serb Viktor Troicki 6-3, 3-6, 2-6, 7-5, 6-3 in over [...]
Unsettled Robinho seals £22m AC Milan switch August 31, 2010 ROBINHO yesterday spoke of his delight after ending his unsettled spell at Manchester City with a £22m move to AC Milan. The Brazilian striker joined the Eastlands club in a British record £32.5m move from Real Madrid exactly two years ago today, but never lived up to the club’s lofty expectations, despite 14 goals in [...]
Villa’s MacDonald unfazed by top-flight job pressure August 31, 2010 ASTON VILLA caretaker manager Kevin MacDonald insists he has not taken lightly the decision to put himself forward for the job on a permanent basis. MacDonald reached his decision after bouncing back from a demoralising 6-0 defeat at Newcastle with Sunday’s 1-0 victory over Everton. “I know that managers, from week to week, if they [...]
Weak housing loans point to a price slump August 31, 2010 JUST 48,700 mortgages were approved in July, according to data published yesterday by the Bank of England, raising fears that the UK housing market is at best drifting sideways and at worst heading for a double-dip recession. Although the small rise was better than the dip to 46-47,000 that the market had expected, economists were [...]
US home prices jump in June August 31, 2010 Prices of US single-family homes gained more than expected in June and rose in the second quarter, reflecting the lingering boost from homebuyer tax credits that ended in April, Standard & Poor’s/Case Shiller home price indexes showed yesterday. The effects of buyer tax credits have largely filtered through and home prices will be hard-pressed to [...]
US consumer confidence rises modestly in August August 31, 2010 US consumer confidence rose modestly in August, lifted by a mild improvement in the short-term outlook, according to a private report released yesterday. The Conference Board, an industry group, said its index of consumer attitudes rose to 53.5 in August from an upwardly revised 51.0 in July. The median of forecasts from analysts polled by [...]
CPI is not good enough to gauge inflation, says RSS August 31, 2010 OFFICIAL statistics place too much weight on the consumer price index (CPI) as an inflation measure, according to the Royal Statistical Society (RSS). The group said downplaying the Retail Price Index in favour of CPI, which is used widely across Europe, fails to take national needs into account. The coalition government said in June it [...]
Confidence at City firms falls as fears over austerity measures take their toll August 31, 2010 CONFIDENCE levels held by City businesses have dipped, according to new research, despite firms seeing a general rise in turnover and profits. The business confidence monitor survey, conducted by accountants Grant Thornton and the Institute of Chartered Accountants for England and Wales (ICAEW), found that confidence amongst London’s businesses has fallen in the last three [...]
Bank of England’s preferred measure of money supply fails to grow in July August 31, 2010 THE Bank of England’s preferred measure of Britain’s broad money supply – excluding intermediate financial institutions (M4X) – failed to grow in July, raising fears among some economists that asset purchases have failed to boost the money supply sustainably. According to figures published by the central bank yesterday, its preferred measure was flat on the [...]
CITY VIEWS: IS THE UK HEADING FOR ANOTHER RECESSION? August 31, 2010 CHRISTINE GREENWOOD | KENNEDY PEARCE “Yes. We are headed for another recession because the moment the UK gets out of recession, we end up spending too much money, which eventually pushes us back into recession.” PADY CHATZIS | INTERMAR “No. Britain is likely to perform well and this is because of the new government and [...]
