Petric signs for Fulham June 28, 2012 FOOTBALL: Fulham have signed Croatia striker Mladen Petric on a free transfer from German side Hamburg after his contract expired. “I’m very happy to be part of what is happening at Fulham,” he said.
BANK SHARES PLUNGE AS SCANDALS SPREAD June 28, 2012 AROUND £3.7bn was wiped off the value of Barclays’ shares yesterday as anti-fraud investigators looked into the interest rates scandal and George Osborne said the bank’s executives should “pay the price”. Barclays’ shares fell up to 18 per cent as chief executive Bob Diamond and chairman Marcus Agius were left clinging on to their jobs. [...]
From boom to bezzle: this banking scandal will run and run June 28, 2012 CAN it get any worse for Britain’s banks? Well, yes. Much, much worse. Not only is Barclays merely the first firm to settle when it comes to the despicable Libor scandal – others are also being investigated – but the FSA is about to announce that it will penalise a number of banks for a [...]
Obamacare given green light by Supreme Court June 28, 2012 THE FUTURE of American healthcare will be a key battleground in the run up to this year’s presidential election, after the US Supreme Court waved through the controversial Affordable Care Act yesterday. Republicans had hoped the court would deem part of the bill, which is dubbed Obamacare, to be unconstitutional – a decision that would [...]
Herbert Smith merger to form top 10 law firm June 28, 2012 CITY law firm Herbert Smith announced yesterday that it is to merge with Australia’s Freehills, in a tie-up that will create one of the world’s top 10 law firms by headcount. Herbies, which employs more than 700 lawyers in its London offices, will combine with the Australian firm to create a business with historic joint [...]
RIM’s losses mount as new BlackBerry is delayed June 28, 2012 BLACKBERRY manufacturer Research in Motion (RIM) last night announced worse-than-expected quarterly losses and said it has been forced to delay the launch of its new operating system until early next year, a potentially devastating setback for the struggling firm. RIM said consumers would have to wait for devices running its next-generation BlackBerry 10 software because [...]
WHAT THE OTHER PAPERS SAY THIS MORNING June 28, 2012 FINANCIAL TIMES Bostock poised to leave M&S Kate Bostock, the head of all of Marks and Spencer’s non-food business, including clothing, is poised to leave the high street retailer. Ms Bostock’s departure could be announced at M&S’s annual meeting on July 10, or possibly sooner. The expected departure of Ms Bostock, who has been with [...]
Slap in the face for UK as News Corp plans split June 28, 2012 RUPERT Murdoch delivered a stinging blow to the UK yesterday as he outlined plans to split his businesses in two. Asked about the ongoing investigations into several of News Corp’s British subsidiaries, including News International and BSkyB, Murdoch implied his UK-based assets are not crucial to the success of his company. The News Corp boss [...]
UK GDP deeper in recession on newest figures June 28, 2012 THE UK recession was deeper than previously thought, showed revised estimates released by the Office for National Statistics yesterday. The growth estimates for the fourth quarter 2011 were revised down to -0.4 per cent, rather than the 0.3 per cent shrinkage previously estimated. On the other hand, the new data estimates a 6.3 per cent [...]
Vivendi break-up eyed as Levy steps down over strategy row June 28, 2012 THE reign of Vivendi chief executive Jean-Bernard Levy ended yesterday in a strategy dispute with the French telecoms and media conglomerate’s supervisory board, paving the way for possible disposals to shake up its flagging share price. Vivendi, whose shares are at nine-year lows, has been reviewing its conglomerate structure and seeking ideas on how to [...]
