City spend most on agents’ fees November 30, 2011 FOOTBALL: Premier League clubs spent a record £71.8m on agents’ fees last year, according to figures revealed yesterday. Free-spending Manchester City topped the list with a total of £9.7m paid to agents followed by Spurs on £7.6m, then Liverpool on £7m. The combined spend eclipses the previous record of £70.7m in 2009.
Stand-by-stand changes at Lord’s November 30, 2011 CRICKET: The MCC have scaled back on their initial plans to upgrade Lord’s, which will now be redeveloped on a “stand-by-stand” basis. Work, likely to begin at the Pavilion End with work on the Tavern and Allen Stands, will take place in stages and on the club’s freehold land only, following yesterday’s committee meeting.
Lucas fears six-month lay-off November 30, 2011 FOOTBALL: Liverpool’s Brazil midfielder Lucas fears he could miss the rest of the season with a knee injury after he was stretchered off during Tuesday’s 2-0 Carling Cup win over Chelsea.
Central banks ride to rescue November 30, 2011 WORLD markets rallied yesterday, after the Fed said it was prepared to pump the global economy full of cheap dollars in a bid to stave off an impending credit crunch. Banks can already borrow the greenback from central bankers if they are short of cash – but yesterday Federal Reserve chairman Ben Bernanke slashed the [...]
Activists break into Xstrata’s London site November 30, 2011 PROTESTERS from the Occupy movement stormed the London base of mining giant Xstrata yesterday to highlight the pay package of its chief executive. Activists also climbed onto the roof of the Haymarket building, set off flares to the soundtrack of samba music and hung a banner declaring: “All power to the 99 per cent”. The [...]
Monti vows to cut as Eurozone jobs vanish November 30, 2011 ITALIAN Prime Minister and finance minister Mario Monti vowed to meet fiscal targets by setting out a fresh round of austerity measures even as data showed that Eurozone unemployment has hit a euro-era high. Monti, who was attending his first meeting as finance minister, also denied that Italy is seeking a rescue from the IMF, [...]
The bubble has burst: it is futile to resist reality November 30, 2011 THERE are two ways that one can react to change. The first is to embrace it; the second is to resist it. Contrary to what is often believed, the second option doesn’t always fail – there is no such thing as historical determinism. Wars can often be avoided, for example, or populist tides resisted. What [...]
Credit easing could hit EU law delay November 30, 2011 THE GOVERNMENT could have to wait to implement its credit easing programme until the spring of next year as it contends with EU law, a Treasury source told City A.M. The government is desperate to flood the economy with cheap credit as soon as possible to combat a funding crunch that is choking off growth. [...]
WHAT THE OTHER PAPERS SAY THIS MORNING November 30, 2011 FINANCIAL TIMES GADDAFI’S GIFT TO LONDON SCHOOL OF ECONOMICS The London School of Economics accepted a £1.5m donation from the family of Muammer Gaddafi that may have been raised from bribes paid to the dictator’s family by companies seeking “business favours”, an independent report has revealed. GERMAN REFORMS ARE UNFAIR, SAYS BETFAIR The fight for [...]
THE FED’S LIQUIDITY COST CUT November 30, 2011 Q.WHAT IS THIS LIQUIDITY THAT’S BEING OFFERED? A.The Federal Reserve offers dollars to other central banks, in exchange for their currency, at a fixed exchange rate. Those central banks – including the Bank of England – then lend it out to banks that need cash but can’t get it from the market. Q.HAS IT BEEN [...]
