Liverpool can nick a point off City November 24, 2011 MANCHESTER City have made their best ever start to a season with 11 wins and a draw from their opening 12 fixtures. They have hammered both Manchester United and Tottenham in their own backyards, but the Champions League has posed some problems. The 2-1 defeat at Napoli on Tuesday night means that City face an [...]
McCain to land big race double with Wymott and Overturn November 24, 2011 PAUL Nicholls grabbed the headlines last weekend and he’ll be more than hopeful of winning another Hennessy Gold Cup at Newbury tomorrow with either of his two potential stars of the future. Aiteen Thirtythree currently heads the betting at 11/2 and it’s no secret that this seven-year-old has always been the apple of his trainer’s [...]
Banks and miners stem tide of FTSE losses November 24, 2011 The FTSE 100 was solid this morning as banks and miners stabilized the index which has taken a battering from the confidence sapping Eurozone crisis. Germany – seen as the kingpin in the bloc – yesterday sold just €3.6bn (£3bn) worth of 10-year bonds, from €6bn euros on offer. That sent shockwaves through markets which [...]
GDP growth confirmed at 0.5pc November 24, 2011 The economy grew 0.5 per cent in the third quarter of this year, in line with previous estimates, but the expansion was largely driven by an increase in firms’ inventories, official data showed. The figures in part mark a rebound from unusually weak growth in the second quarter, due to disruption from extra public holidays [...]
OECD chief: Recession can be averted November 24, 2011 An economic recession can be avoided in Europe but resources are needed to calm financial markets, the chief economist of the Organisation for Economic Cooperation and Development (OECD) said. In an interview in Italy’s La Stampa daily, Pier Carlo Padoan said next Monday’s OECD forecasts will present lower and very weak growth projections based on [...]
Dixons losses increase November 24, 2011 Dixons posted a wider first-half loss as cash-strapped shoppers cut back on purchases of discretionary goods, but said it was taking market share from rivals faring even worse. The group, home to the Currys and PC World chains in Britain, said it made a loss before tax and one-off items of £25.3m in the 24 [...]
Arcadia profits fall by 38pc November 24, 2011 Arcadia, the Topshop-to-Bhs British retail group owned by billionaire Philip Green, added to the bad news coming from the UK high street, posting a 38 per cent fall in year profit and a further deterioration in recent trading as mild weather deterred winter clothing purchases. The group, which also owns the Topman, Burton, Dorothy Perkins, [...]
Even Germany is feeling the pressure November 24, 2011 WHO will bail-out the bail-outers? That is the grim, almost philosophical, question facing the Eurozone this morning. Germany and its long-suffering taxpayers were meant to be the last chance for the Eurozone, the milch cow that would eventually be forced to step in, cheque book in hand, to prevent a calamitous collapse triggered by the [...]
EURO DEBT CRISIS ENGULFS GERMANY November 23, 2011 EURO PANIC spread to Germany as investors shunned a bund issue yesterday, sending a shudder through debt, stock and currency markets. Contagion hit France too, which was warned by credit rating agency Fitch that it might need more fiscal austerity to keep its triple-A rating. Spanish and Italian bond yields soared to near-unsustainable levels again [...]
Costly air passenger tax is losing UK tourism £1bn a year November 23, 2011 THE UK is losing £1bn in tourism revenue every year as a result of air passenger duty, the Tourism Alliance will reveal today. The finding comes a week after competing airlines formed a rare united front to lobby Westminster to scrap the tax. Passengers have to pay between £24 and £170 in the duty, considerably [...]
