Banned Wenger set to miss Udinese showdown August 22, 2011 EMBATTLED Arsenal manager Arsene Wenger’s miserable start to the season continued yesterday when he was handed a further two-match touchline ban by European chiefs. Uefa found Wenger guilty of breaking the rules of his original suspension, which applied to last week’s Champions League clash with Udinese. The Frenchman communicated with the bench via coach Boro [...]
Scotland’s Paterson set to play in fourth World Cup August 22, 2011 FULL-BACK Chris Paterson is set to become the first Scottish player to feature in four World Cups after being named in Andy Robinson’s squad. Paterson, who played in 1999, 2003 and 2007, was yesterday picked in the 30-man squad to travel to New Zealand later this month. Alastair Kellock will captain the side and British [...]
West Ham in clear over stadium August 22, 2011 OLYMPICS: West Ham have edged a step closer to moving into the Olympic Stadium after an independent inquiry found no evidence of wrongdoing by Dionne Knight, an employee of legacy chiefs the OPLC. Ms Knight also did paid consultancy work for the Hammers but auditors Moore Smith found no evidence that she accessed confidential information [...]
Mikel’s father found alive August 22, 2011 FOOTBALL: Chelsea midfielder John Obi Mikel’s father has been found alive in the Nigerian city Kano. Michael Obi was kidnapped in Jos on August 12. His abductors are now in police custody in the northern Nigerian city. During the time of his father’s disappearance, Mikel continued playing for Chelsea, starting against Stoke and West Brom.
Senna gets nod for Belgian GP August 22, 2011 FORMULA ONE: German Nick Heidfeld has been dropped by the Renault team in favour of Brazilian Bruno Senna for Sunday’s Belgian Grand Prix. Senna, 27, is the nephew of the late Ayrton Senna.
Amlin’s £192m losses put ACI unit in focus August 22, 2011 CHARLES Philipps, Amlin’s chief executive, defended the insurer’s underwriting strategy yesterday after unexpectedly large losses pushed the firm £192m into the red yesterday. Amlin paid £314m of catastrophe claims in the first half following earthquakes in New Zealand and Japan, but Philipps said its underwriting discipline remained strong. Philipps was also quizzed by analysts over [...]
HOW POOR WAS AMLIN’S ACI DIVISION PERFORMANCE? August 22, 2011 JOY FERNEYHOUGH | BANCO ESPIRITO SANTO In our view the reputational damage to Amlin and Amlin management from ACI has been as significant as the financial one, if not greater. Its 119 per cent combined ratio is a significant deterioration and with a large bulk of losses coming in June, management will need to provide [...]
Boiler room trio jailed for 19 years August 22, 2011 A Financial Services Authority probe has resulted in three men going to jail for a total of 19 years for running a boiler room scam. The FSA, working with the City of London police and EU crime body Eurojust, investigated Tomas Wilmot and his sons Kevin and Christopher for defrauding 1,700 investors out of £27.5m [...]
CCB dismisses BofA sale prospect August 22, 2011 China Construction Bank, the world’s number two bank by market cap, yesterday tried to play down talk that Bank of America was planning to sell part of its $17bn stake in the firm., saying BofA had committed to working together for the long term. CCB also said it plans to raise 80bn yuan (£7.6bn) in [...]
Credit Suisse boss laments strong franc August 22, 2011 THE strong Swiss franc and low interest rates are pressuring Credit Suisse’s revenue but the bank is still confident of reaching a key profitability target, its chief executive said yesterday. Chief executive Brady Dougan said Switzerland’s second-biggest bank, which like many of its rivals has seen sluggish performance in investment banking in recent months, was [...]
