Labour U-turn over benefits January 3, 2012 LABOUR is set for a U-turn on its social welfare policy after Liam Byrne claimed that the benefits system had “skewed social behaviour”. The shadow work and pensions secretary highlighted the work in the 1940s of William Beveridge – often considered the father of the welfare state – who said long-term unemployment benefits should be conditional upon [...]
Pimco fund hit by $1.4bn exit January 3, 2012 THE WORLD’S largest bond fund had $1.4bn (£895m) in outflows in December, according to fund analytics firm Morningstar. The Pimco Total Return Fund, led by Bill Gross, suffered total redemptions of $5bn in 2011, a year when the fund underperformed benchmarks after betting heavily against US Treasuries, which rallied on the year. Gross’ fund has [...]
CITY VIEWS: HAS BARACK OBAMA DONE ENOUGH TO SECURE RE-ELECTION? January 3, 2012 SCOTT BAILEY CFC UNDERWRITING “Probably not. He hasn’t delivered on his previous promises. It’s a troublesome time with the economic climate, and he’ll be the scapegoat. It could have happened to any leader faced with those problems.” PETER GODFREY JRP UNDERWRITING “Yes. He has the character and he hasn’t made a massive faux pas yet. [...]
CITY SLICKERS January 3, 2012 Mancini’s men put Sunderland defeat behind them with comprehensive win that moves them three points clear of clear of title rivals Man United MANCHESTER CITY 03 vs LIVERPOOL 0 MANCHESTER CITY manager Roberto Mancini last night hailed a significant win in his side’s pursuit of the Premier League title following a comprehensive victory over Liverpool [...]
Deadly Defoe keeps Spurs in title hunt January 3, 2012 TOTTENHAM 01 vs WEST BROM 0 TOTTENHAM manager Harry Redknapp insists he has no plans to delve into the transfer market despite losing three more players to injury as Jermain Defoe’s strike kept them breathing down the necks of the Premier League’s top two. Defoe’s nimble second-half goal moved Spurs to within three points of [...]
PSG say Beckham deal is dead January 3, 2012 FORMER England captain David Beckham looks set to extend his stay with MLS side LA Galaxy after Paris Saint Germain chiefs yesterday admitted defeat in their attempts to lure him back to Europe. The 36-year-old had emerged as a potential marquee signing for the French club, recently acquired by the Qatar Investment Authority, after his [...]
Terry fumes at use of image on Indian cigarette packets January 3, 2012 CHELSEA and England captain John Terry has become embroiled in another legal row – this time over use of his image in Indian anti-smoking propaganda. Terry is considering suing after what appears to be his likeness was given smoke-damaged lungs and plastered on packets of cigarettes (right) on the subcontinent. The image resembling the 31-year-old [...]
Epsom roof damaged as 100mph gusts batter UK January 3, 2012 EPSOM Downs will today begin repair work on its £38m Duchess Stand after the racecourse was damaged by the storm-force winds that battered Britain yesterday. Large amounts of insulation escaped after gusts that reached 100mph in some areas of the country dislodged part of the roof of the stand, which only opened in 2009. The [...]
Murray shrugs off injury fears with Brisbane win January 3, 2012 BRITAIN’s Andy Murray insists he will be fit for this month’s Australian Open despite struggling with injury as he laboured to victory in his first match of 2012. Murray lost the first set to Mikhail Kukushkin and needed more than two hours to complete a 5-7, 6-3, 6-2 comeback win over the world No91 at [...]
Saints expect Lawes to be fit for Six Nations January 3, 2012 ENGLAND’S interim head coach Stuart Lancaster received a boost yesterday with the news that Northampton lock Courtney Lawes is expected to have recovered in time for the start of next month’s Six Nations. Lawes damaged his knee in Northampton’s Premiership win at Newcastle on New Year’s Eve, but Saints boss Jim Mallinder revealed the injury [...]
