More Lehman clients to get refund February 29, 2012 Britain’s highest court yesterday ruled that billions of dollars earmarked as belonging to clients when Lehman Brothers collapsed should be divided up among all its clients, including those whose cash the investment bank had mixed with its own. By law, firms must keep money they trade on clients’ behalf separately to their own, keeping it [...]
Wall Street bonuses in fresh fall February 29, 2012 Wall Street cash bonuses for 2011 fell to their lowest level in three years as volatile trading and stiffer regulations took a toll on profits, said New York State’s comptroller yesterday. The securities industry’s bonus pool was expected to total $19.7bn, comptroller Thomas DiNapoli said. That would be down 14 per cent from 2010 but [...]
Banks lap up massive ECB cash injection February 29, 2012 EUROPE’S banks borrowed another half-trillion euros at rock bottom interest rates yesterday as the European Central Bank (ECB) again pumped the system full of cheap cash. Bank stocks rose after 800 firms took part in the second three-year long-term refinancing operation (LTRO), borrowing €529bn (£443.3bn) at one per cent interest rates, taking the total lent [...]
Game Group could be left on the shelf as EA refuses to send top new games February 29, 2012 GAME GROUP’S shares plunged 16 per cent yesterday and its future looked more uncertain after the chain admitted that one of the biggest video game makers was refusing to forward several new releases. The ailing retailer said in a statement that, after approaching its suppliers for support, it had been unable to agree terms over [...]
Francois Hollande hits the election trail in London February 29, 2012 FRANCOIS Hollande met with fellow left wing leader Ed Miliband in London yesterday after Cameron, who publicly backs Sarkozy, denied him a meeting. The French socialist presidential candidate touched down in the city ahead of the election, scheduled for 22 April and 6 May, to woo the 400,000 or so French citizens who live in [...]
Psycho killer: Robben ruins Pearce’s trial February 29, 2012 England caretaker manager wants to lead team at Euros despite last minute defeat against Dutch ENGLAND 2 vs HOLLAND 3 CARETAKER manager Stuart Pearce insists he can still lead England to success at the summer’s European Championship, despite Holland running amok on his audition at Wembley last night. The second of two outstanding Arjen Robben [...]
MATCH ANALYSIS February 29, 2012 CITY A.M. VERDICT England almost snatched an improbable and, in truth, wholly unmerited draw from this largely sedate contest, but in the end, as they did throughout, Holland made their superior class count when it mattered. MAN OF THE MATCH He may be in patchy form for Bayern Munich, but Arjen Robben was at his [...]
England novices out of their depth against Dutch masters February 29, 2012 NEW Manager, new kit but same old story; last night’s defeat to Holland at Wembley taught us nothing we weren’t already depressingly aware of. England remain light years behind the continent’s finest and will go to the European Championships in the summer almost certain to repeat the same mistakes that saw them head home from the [...]
Spurs close on stadium with Sainsbury’s deal February 29, 2012 TOTTENHAM’S plans to relocate to a new 56,000-seater stadium have moved a step closer after the club announced a tie-up with supermarket giant Sainsbury’s. The deal will see Sainsbury’s become the operator of a 72,000 sq ft store – the main retail presence in the Northumberland Development Project. Spurs have already received planning consent from [...]
Boxing backs indefinite ban for brawler Chisora February 29, 2012 BRITISH heavyweight Dereck Chisora’s indefinite ban for his public brawl with countryman David Haye has been welcomed by leading figures in the sport. Bernd Boente, manager of the champion Klitschko brothers, called the World Boxing Council’s punishment, which also included a fine, “the right step”. He added: “Somewhere and somehow you have to stop people [...]
