Beckham makes bow in France February 24, 2013 FOOTBALL: Former England captain David Beckham made his debut for new club Paris Saint-Germain as a substitute in their 2-0 victory over Marseilles last night. The 37-year-old completed 14 minutes for the Ligue One leaders.
Farah triumphs in New Orleans February 24, 2013 ATHLETICS: Britain’s Mo Farah produced a sprint finish to pip Ethiopian Gebre Gebremariam in yesterday’s New Orleans half-marathon. The London 2012 Olympic 5,000m and 10,000m champion crossed the line in one hour and one minute – slightly slower than his time in New York but a British record as the American time was not ratified.
Introducing the Live Blog – This Monday February 23, 2013 City A.M.’s live blog launches this Monday, and will bring you breaking news throughout the day. Our rolling coverage will include corporate stories as well as the latest developments in politics and economics that are important to the City. Check the blog frequently when we launch this week to see the newest data and fresh [...]
Rothschild hit by epic defeat February 22, 2013 BUMI co-founder Nat Rothschild yesterday suffered an embarrassing defeat at the coal miner’s EGM, with 19 out of 22 proposals for a board overhaul flattened by shareholders in a public City showdown after months of increasingly bitter exchanges. Rothschild, who arrived at the extraordinary meeting with his mother Lady Serena Rothschild, proposed last month ousting [...]
Competition body slams audit firms February 22, 2013 THE COMPETITION Commission will this morning find that the Big Four accountancy firms have too much control over the industry, and call for measures to encourage Britain’s largest companies to change auditor regularly to boost competition. In its long-awaited provisional report, the commission is expected to find no evidence of collusion, but will raise concerns [...]
Osborne faces £10bn hole in the UK public finances February 22, 2013 CHANCELLOR George Osborne is set to run a budget deficit £10bn or more larger than the £119.9bn predicted by the budget watchdog during the 2012-13 fiscal year, economists said yesterday. January’s public borrowing figures, released yesterday by the Office for National Statistics (ONS), looked positive on the surface, analysts said, with a larger-than-expected surplus of £11.4bn, [...]
Britain: a case study in low-growth economic mediocrity February 22, 2013 BRITAIN is stuck in a rut. No wonder that investors and credit rating agencies are losing patience: the coalition doesn’t have the guts or decisiveness needed to jolt the UK out of its present mediocrity, while the opposition is busy dreaming up new taxes, thinks that a slightly looser fiscal policy would transform our prospects [...]
What the other papers say this morning February 22, 2013 FINANCIAL TIMES Brussels turns up pressure on Libor Banks and broker-dealers ensnared in the Libor-rigging scandal are facing fresh pressure to settle with Europe’s top competition authority as it expands the scope of its probes. In a speech on Friday in Paris, the EU’s competition commissioner will stress his determination to pursue the cases and [...]
ECB profits on its Greek bonds February 22, 2013 THE EUROPEAN Central Bank (ECB) made €555m (£480m) in interest income from its Greek bonds, accounts showed yesterday, indicating the whole Eurosystem may have made several billion on the emergency purchases. That is expected to be divided up among the Eurozone’s national central banks, added to their own earnings and given to Athens. The ECB [...]
Miles: Print £175bn more February 22, 2013 BANK of England policymaker David Miles yesterday called for at least an additional £175bn of quantitative easing (QE), arguing it is the best way to help boost the economy. Miles believes there is a large output gap in the UK currently which could be reduced by printing more money, boosting demand and encouraging firms to invest more, increasing [...]
