Eurozone bailout fund to sell short-term debt before 2012 December 7, 2011 THE EUROZONE’S bailout fund, the European Financial Stability Facility (EFSF), will auction three, six or 12-month bills before the end of the year to increase its funding flexibility, the fund said in a statement. “The launch of a short-term funding programme is in line with the enlarged scope of activity of EFSF to use its [...]
German bunds enjoy a rally after €4bn sale gets plenty of interest December 7, 2011 GERMAN bunds rallied yesterday after solid demand at a German debt auction and a sell-off in periphery Eurozone bonds prompted investors to plough into debt issued by the region’s strongest member ahead of an EU summit later in the week. The yield spread between 10-year German bonds and their Italian and Spanish counterparts expanded on [...]
Win leaves AVB tactical quandary December 7, 2011 CHELSEA manager Andre Villas-Boas may have delighted in muting his critics by reaching the last 16 of the Champions League, but Tuesday’s 3-0 win over Valencia raised just as many questions as it answered. Villas-Boas ditched his previously stubborn adherence to playing a high line, instead telling his back four to sit deeper. He also [...]
RFU open talks with Kiwi World Cup winning coach Smith over England role December 7, 2011 NEW ZEALAND’S former World Cup winning coach Wayne Smith has been approached by the Rugby Football Union with regards to the vacancies at Twickenham. Smith was in the country last week working alongside Nick Mallet, one of the leading contenders to succeed Martin Johnson as team manager, coaching the southern hemisphere side for the Help [...]
Apple loses its battle for iPad trademark in China December 7, 2011 APPLE yesterday lost a lawsuit in which it claimed infringement of its iPad trademark by Taiwanese-owned company Proview Technology. Proview registered the name IPAD for use in mainland China in 2001, and in several other areas including the EU between 2000 and 2004. In 2006 it agreed to sell the “global trademark” to Apple, but claims [...]
Injured Moody could miss three months December 7, 2011 FORMER England captain Lewis Moody could miss up to three months of the Premiership season after undergoing shoulder surgery. The Bath flanker, who retired from the international game after leading England to the quarter finals of the World Cup in October, suffered the injury in last month’s defeat against Worcester. Bath coach Brad Davis said: [...]
Lawsuit sinks Henderson shares December 7, 2011 Shares in asset manager Henderson Group dropped 3.4 per cent to 114p yesterday, after sinking to 112p during the day, after it was revealed a group of pension funds is suing the firm over the handling of its investment in construction firm John Laing in 2006. The group is thought to include the BBC, Tesco [...]
BP hit by new Gulf spill censure December 7, 2011 The US offshore drilling safety agency yesterday slapped five more citations on BP for its oil spill in the Gulf of Mexico last year. The new citations, which BP plans to appeal, mean the oil giant faces fines of up to $35,000 a day per incident. They focus on the failure to conduct an accurate [...]
Texas and Bahrain keep F1 races December 7, 2011 FORMULA ONE: Next season’s calendar will include races in Bahrain and the United States, despite ongoing doubts about the two dates. Civil unrest continues to jeopardise the Bahrain Grand Prix, due to take place in April, while a deal for November race in Texas remains in the balance after the initial agreement was scrapped. The [...]
Lone Star top of bid list for Lloyds £1bn property debt December 7, 2011 PRIVATE equity firm Lone Star is the preferred bidder for Lloyds Banking Group’s £1bn Project Royal portfolio of UK commercial property debt, one source familiar with the matter said. A deal between Lloyds and Lone Star has yet to be signed, the source said. Lone Star’s bid is understood to have been backed by about [...]
