Goldman Sachs director in probe April 15, 2010 PROSECUTORS are examining whether Goldman Sachs director Rajat Gupta gave inside information about the bank to Galleon hedge fund founder Raj Rajaratnam, the Wall Street Journal reported yesterday. “Mr. Gupta is unaware of any examination of any such issue and has done nothing wrong,” a spokeswoman for Gupta said in a statement. Rajaratnam has pleaded [...]
FORD OVERTAKES VW April 15, 2010 ROELANT de Waard, Ford’s head of European sales, said yesterday the carmaker had unseated Volkswagen as Europe’s best-selling car brand in March. The US carmaker said it sold 192,500 cars in Europe last month and reported market share of 10.4 per cent, its best since August 1998.
Flight chaos in wake of volcano blast April 15, 2010 THE vast cloud of volcanic dust blasted into the atmosphere by a gigantic underwater eruption in Iceland was still causing flight chaos this morning. All commercial flights were scrapped yesterday after the Eyjafjallajokull volcano, situated under a glacier, sent a noxious dust-cloud drifting South across Europe. Flight delays are now expected to last for several [...]
Q&A: ICELANDIC VOLCANO April 15, 2010 Q. HOW MANY FLIGHTS WERE CANCELLED? A. Every single commercial flight out of the UK was grounded yesterday. At least 600 British Airways flights were included. Flights in Belgium, Holland, Denmark, Norway, Finland and Russia were also affected. Q. WHAT SHOULD I DO IF I AM FLYING TODAY? A. Airports owner BAA and airlines recommend [...]
Title failure puts Wenger at crossroads April 15, 2010 WHEN Arsene Wenger rejected Real Madrid’s overtures last summer he conceded that this season would be make-or-break for his Arsenal team. Five years had already passed since he last hoisted the Premier League trophy aloft, and he was under pressure to prove that his unstinting faith in the likes of Denilson, Manuel Almunia, Nicklas Bendtner [...]
Losing Soane is a blessing in disguise April 15, 2010 THE long, drawn-out Soane Tonga’uiha transfer saga finally reached its conclusion yesterday, and I have to say it’s turned out to be a bit of a blessing in disguise for us. Although I had nothing to do with the agreement between CEO’s to allow Tonga’uiha to remain at Northampton, I was entirely happy with the [...]
Essar close to attracting big City director April 15, 2010 ESSAR Energy, the Indian resources group that is gearing up for a £2bn-plus London flotation, is set to hire a well-known City director to address some of the corporate governance concerns that have dogged the early phase of its flotation process. Sources close to Essar say the new director should be in place within the [...]
Still time for Essar to get this right April 15, 2010 THE London Stock Exchange’s biggest flotation in four years should be a cause for celebration in the City. The fact that the flotation is that of an Indian group that might have otherwise chosen Hong Kong or New York or anywhere else in the world to list its oil, gas and energy division, should make [...]
Schu: Don’t write me off yet April 15, 2010 MICHAEL SCHUMACHER insists he can still challenge for an eighth World Championship title despite a stuttering start to his comeback season. The 41-year-old has come out of a three-year retirement to return to Formula One this year, but his Mercedes has been off the pace in the opening three races of the season. Schumacher began [...]
LIB DEMS SET TO RIDE CREST OF BEER WAVE April 15, 2010 A WELCOME pre-election boost for Lib Dem leader Nick Clegg, from the most unusual of quarters – the traditionally right-leaning environs of the City. It’s just 20 days before polling day and Clegg’s policies haven’t exactly met with rapt enthusiasm from the Square Mile, what with proposals to slap a “mansion tax” on homes worth [...]
