Ferguson determined to improve Euro record September 26, 2011 MANCHESTER UNITED vs BASEL MANCHESTER UNITED manager Sir Alex Ferguson insists only once his side have claimed a fourth Champions League crown can they claim to be enjoying a golden period in their European history. United have contested three of the last four finals, a return which not even current holders Barcelona can match, but [...]
I’ll repay loyal Chelsea fans with goals, swears revitalised Torres September 26, 2011 CHELSEA striker Fernando Torres hopes his new-found ruthlessness in front of goal will help repay loyal Blues fans who backed him through his drought. Torres’ goal against Swansea on Saturday, following his effort at Manchester United six days previously, means he has now scored in successive games for the first time since his £50m January [...]
SPORT | IN BRIEF September 26, 2011 Broad hopeful of touring India CRICKET: England fast bowler Stuart Broad is targeting an international return in the Twenty20 game with India next month. Broad tore a muscle in his shoulder during the one-day international against India at Lord’s earlier this month and feared he wouldn’t play again in 2011, but is now confident of facing [...]
Brussels wages war on big four September 26, 2011 RADICAL plans to force the UK’s biggest auditing firms to hive off their huge consultancy arms or ban them from cross-selling services to their clients have been tabled by European authorities, it emerged yesterday. The European Commission has set out new draft regulations to drastically curb the UK’s Big Four accountants Ernst & Young, PwC, [...]
Euro bank debt issues drying up September 26, 2011 EUROPEAN bank debt markets are drying up, according to data compiled for City A.M., in a development that is exacerbating funding concerns and could see the European Central Bank (ECB) re-enter the market for bank bonds. Data supplied by Dealogic shows that the value of bonds issued by European banks has dropped off dramatically so [...]
Stelios starts easyJet rival September 26, 2011 EASYJET founder Sir Stelios Haji-Ioannou has told the airline he is planning to launch a rival airline called Fastjet, in the latest twist in a series of bitter disputes between the tycoon and the firm he set up 16 years ago. The shock move comes just a week after easyJet’s management promised to pay out [...]
Keynesians failing their own theory September 26, 2011 LET us assume for a moment that today’s self-styled Keynesians are right and that what the UK and the West need is not austerity but even greater public spending. To me, given that the UK government could borrow £130bn this year, that the OECD puts public spending at 50.1 per cent of UK GDP, and [...]
WHAT THE OTHER PAPERS SAY THIS MORNING September 26, 2011 FINANCIAL TIMES BP PROPOSES FOURTH PIPELINE ROUTE TO BRING AZERBAIJAN GAS TO EUROPE BP is planning a pipeline stretching 1,300 km across three countries to bring gas from Azerbaijan to Europe. The scheme is a new entrant in the highly charged competition to construct a supply route to the Caspian basin and reduce Europe’s dependence [...]
US may charge S&P over sub prime ratings September 26, 2011 CREDIT rating agency Standard & Poor’s could be hit with legal action from the US markets regulator for mis-rating a risky package of sub-prime mortgage bonds in 2007, it disclosed yesterday. S&P said the Securities and Exchange Commission was considering recommending action against it for violating securities laws in its rating of a collaterised debt [...]
London clings to top spot as finance hub September 26, 2011 LONDON clung to the top place on a list of the most important global financial centres yesterday but saw its lead over rivals slashed to almost zero as its competitive edge vanished, a new report showed. In a worrying sign that the City is losing its place as the world’s leading finance hub, London’s competitiveness [...]
