Jerome hit by £50,000 fine August 14, 2013 FOOTBALL: Stoke striker Cameron Jerome has been fined £50,000 by the Football Association for breaking their strict betting rules, subject to an appeal.
Stevens named in match-fixing probe August 14, 2013 CRICKET: Kent all-rounder Darren Stevens has emerged as one of nine charged by the International Cricket Council in relation to match-fixing.
England’s women draw Ashes Test August 14, 2013 CRICKET: England’s women battled to a draw with Australia in the women’s Ashes Test at Wormsley yesterday. England ended the final day on 93-2 chasing a target of 248 to win. Both teams were awarded two points.
Elon Musk’s Hyperloopalooza runs out of steam before reaching the UK August 14, 2013 Hopes that the Hyperloop travel concept could work for Britain are vanishing faster than you can say “Concorde crossed with a rail gun crossed with an air hockey table”. Transport-watchers were quick to point out the practical flaws in the ambitious pod-cum-monorail idea set out by billionaire entrepreneur Elon Musk to much hullabaloo on Monday [...]
Billionaire’s tweet adds $17bn to Apple August 13, 2013 APPLE’S shares rocketed last night after legendary investor Carl Icahn tweeted his support for the company, adding tens of billions to its market value. The activist shareholder sent markets wild with a pair of tweets during afternoon trading yesterday, telling over 40,000 followers that he owns a large amount of Apple stock – which he [...]
London housing bubble inflates further August 13, 2013 LONDON house prices soared to more than 12-times the average income in June, official figures showed yesterday, as economists warned the boom could prove unsustainable. Government policies to keep interest rates low and help first time buyers onto the property ladder are pumping up a bubble, analysts said. The average price in [...]
US airlines’ mega merger hit by government lawsuit August 13, 2013 THE AMERICAN government shocked the aviation industry yesterday by launching a lawsuit to block the landmark merger of US Airways and American Airlines. The US Department of Justice said the $11bn tie-up “would result in US consumers paying higher fares, higher fees and receiving less service”. The move throws into doubt the future of American [...]
The French build three times more new homes than we do August 13, 2013 THERE is a first time for everything. Today, I’m going to praise something about the French economy – well, sort of, at least. This year is proving to be “bad” for housebuilding in recession-hit France, so there were “just” 342,000 housing starts in the year to June 2013, down 14.2 per cent on the previous [...]
UK borrowing costs up as 2015 rate rise looms August 13, 2013 BRITISH government borrowing costs hit their highest level since 2011 yesterday as markets began doubting whether interest rates can stay at rock bottom for as long as the Bank of England believes. Bank governor Mark Carney indicated he will only consider raising rates from their current 0.5 per cent when unemployment falls below seven per [...]
Analysts warn UK banks are still too large August 13, 2013 BRITAIN’S banking sector is dangerously big despite slimming down in the wake of the financial crisis, and Europe’s lenders are only half way through scaling back, a top analyst from RBS warned yesterday. Alberto Gallo believes a safe system should have assets of 200 to 300 per cent of GDP – while the UK’s is [...]
