GUNNERS ON TARGET FOR PROFIT September 29, 2011 ARSENAL will today post a small pre-tax profit when the club announces its financial results for the year ending May 2011. The figure will be dramatically lower than the record £56m pre-tax profit for the previous 12 months, City A.M. has learned. However, that 2009-10 sum was boosted by a one-off property windfall and significant [...]
Scholes offers Tevez unlikely sympathy September 29, 2011 MANCHESTER CITY outcast Carlos Tevez, who has been told he has no future at the club following his apparent refusal to play, has found an unlikely ally in Manchester United coach Paul Scholes. City suspended Tevez for two weeks on Wednesday, 24 hours after manager Roberto Mancini accused him of ignoring his orders to warm [...]
ODENSE BK 0 vs FULHAM 2 September 29, 2011 FULHAM manager Martin Jol vowed to keep Andy Johnson after the striker scored twice to earn their first win in Europa League Group K. Johnson, who is in the final year of his contract and can leave for free next summer, scored in the 36th and 88th minutes to take his season’s tally to six. [...]
Scots a big threat when underdogs September 29, 2011 WE’RE approaching another important game at London Scottish against Moseley this weekend. Our last two matches have been very narrow defeats, and so it is vital we get back to winning ways against a team that have had a decent start to the season. As it’s a Sunday game I’ll be able to watch the [...]
THE BREAKDOWN | WORLD CUP BRIEFS September 29, 2011 ENGLAND MUST STEP UP, SAYS HERO ROBINSON WORLD CUP winner Jason Robinson has called on England to find another gear against Scotland or risk an early exit. Former wing Robinson (inset below), part of the 2003 squad that lifted the trophy in Australia, believes Martin Johnson’s men have yet to fire on all cylinders. He [...]
SPORT | IN BRIEF September 29, 2011 Hatton: I considered suicide BOXING: British former two-weight world champion Ricky Hatton says he considered taking his own life after a bout of depression triggered by his 2009 defeat to Manny Pacquiao. Hatton, who has battled drink and drugs, said: “I was so down, I was crying and contemplating suicide.” Europa wins for Stoke and [...]
GOLDMAN PREDICTS GREAT STAGNATION September 29, 2011 THE GREAT recession is in serious danger of becoming “the Great Stagnation”, according to research published by Goldman Sachs. “Both Europe and the US are remarkably close to the typical stagnation trajectory,” the report said, calculating that there is as much as a 40 per cent chance of major parts of the West experiencing an [...]
Ban on naked CDS will backfire, says official Brussels report September 29, 2011 THE EUROPEAN Parliament is pushing ahead with plans to ban naked credit default swaps (CDS) – even though its own research has revealed the move would exacerbate market volatility. European lawmakers are expected to back a German proposal that would ban so-called “naked” CDS, where a trader buys a CDS without holding the sovereign bonds [...]
US is probing Chinese firms September 29, 2011 CHINESE stocks listed in the US plunged last night after an official said the justice department is probing accounting irregularities at such firms. Criminal and civil charges could be brought as a result of the investigation, suggested Robert Khuzami, director of enforcement at the Securities and Exchange Commission. “There are parts of the Justice Department [...]
EU is about to repeat errors of 2008 September 29, 2011 SOME people never learn. Back in 2007-08, when the sub-prime bubble burst, triggering a financial crisis and recession, many supposed experts were stumped. They simply didn’t know what to do. Their models had ceased to work. They hadn’t previously really thought about the possibility of such a nightmare scenario. There was no plan B to [...]
