Froome grabs red jersey in Oman February 14, 2013 CYCLING: Britain’s Chris Froome leads the Tour of Oman, after finishing second in the fourth stage of the race yesterday. The Team Sky rider holds a 24-second lead with two stages to go.
Lancaster plays down Lions fears February 14, 2013 RUGBY UNION: Coach Stuart Lancaster has reassured his England players that selection for the British and Irish Lions squad’s tour to Australia this summer will be based “solely on merit”, after Lions coach Warren Gatland admitted to concerns over picking too many Englishmen.
Bresnan braced for fitness battle February 14, 2013 CRICKET: England bowler Tim Bresnan faces a race to prove his fitness for this summer’s home Ashes series after undergoing surgery. The 27-year-old required an operation on his right elbow and faces eight weeks out.
Lee to face match-fixing hearing February 14, 2013 SNOOKER: Former world No5 Stephen Lee is to face an independent hearing in relation to four allegations of match fixing. Lee is currently suspended as part of an ongoing investigation into a separate charge of match fixing. Lee denies the allegations.
Buffett Dines on Heinz for $28bn February 14, 2013 US BILLIONAIRE investor Warren Buffet and 3G Capital have swooped in to buy Heinz in a $28bn (£18bn) deal that marks one of the food industry’s largest ever acquisitions. Buffett’s investment firm Berkshire Hathaway and the Brazilian-backed private equity firm will pay $72.50 per share for the baked beans and ketchup maker, a 20 per [...]
Labour: we will tax rich home owners February 14, 2013 LABOUR leader Ed Miliband yesterday declared war on people who own expensive homes, pledging to impose a crippling tax on properties worth more than £2m. The revenue would be used to partly reintroduce the 10p tax rate abolished by Gordon Brown. Shadow chancellor Ed Balls said introducing a tax on 70,000 high-end houses – 91 [...]
Tax onslaught from Labour and Brussels will destroy jobs February 14, 2013 IF it moves, tax it; if it doesn’t, subsidise it; and above all make sure the tax system is as complicated as possible. That, and a nasty dose of class war and anti-finance prejudice, has become the new modus operandi for many in Britain and Europe. As a result, yesterday was one of the worst [...]
EU power grab with new global transactions tax February 14, 2013 THE CITY was shocked yesterday by a surprise extension of the planned EU financial transactions tax (FTT) as the 11 countries implementing the charge launched plans to levy the tax across the whole world. Under the scheme trades of shares, bonds or derivatives will be taxed regardless of where the transaction takes place as long [...]
What the other papers say this morning February 14, 2013 FINANCIAL TIMES JPMorgan’s Gulati launches fund JPMorgan’s global head of equity proprietary trading is quitting to set up a hedge fund in Switzerland in what will be the first prominent launch of a fund since several bank spinouts floundered last year. Deepak Gulati, once one of the bank’s star traders, will launch Argentière Capital probably [...]
AB InBev alter takeover terms February 14, 2013 ANHEUSER-BUSCH InBev, the world’s largest brewer, has revised the terms of its $20.1bn (£13bn) takeover of Mexico’s Grupo Modelo in hopes of ending US Department of Justice concerns that the deal would mean higher prices for US beer drinkers. AB InBev said yesterday it had agreed to sell Modelo’s Piedras Negras brewery in Mexico to [...]
