Somersby the pick over the Rainbow January 19, 2012 SOMERSBY was beaten only a short head by Master Minded in last year’s Victor Chandler Chase at Ascot and looks the value alternative to Finian’s Rainbow in tomorrow’s 25th running of the race (3.45pm). Henrietta Knight’s eight-year-old hasn’t found winning that easy and has only one success to his name in 11 runs since December [...]
Arsenal set to make amends for mauling in Manchester January 19, 2012 ARSENAL vs MANCHESTER UNITED SUNDAY – 4.00PM SKY SPORTS 1 ARSENAL’S title challenge was over before it started this season and if they aren’t careful the gap to the top four could soon be too big to bridge. Back-to-back defeats have left them trailing neighbours Chelsea by four points and, more worryingly for Emirates-goers, Tottenham [...]
Pay slashed as Goldman shields its bottom line January 18, 2012 GOLDMAN Sachs has been forced to slash pay as the turmoil engulfing the banking industry led to its revenues plummeting last year. The bank revealed that returns on equity fell to their lowest level since it went public over a decade ago, generating just 3.7 per cent for shareholders in 2011 – well below the [...]
Protesters face eviction after High Court defeat January 18, 2012 THE CITY of London last night called on protesters to leave the area around St Paul’s after it won a High Court battle against the group. Stuart Fraser, the City’s policy chairman, said the “public generally is losing out” from the presence of up to 200 tents outside the Cathedral. He spoke out after Mr [...]
Britain on the hook as IMF seeks $600bn in extra funds January 18, 2012 THE IMF went cap in hand to its members yesterday to ask for an extra $600bn (£388.8bn) to rescue governments that it expects to struggle in the euro-led economic slowdown. When the IMF raised $500bn in 2009, the UK gave $28.8bn. Though no detailed plans have yet been finalised this time around, the coalition is [...]
Seven arrests on Dell tip-off January 18, 2012 SEVEN financial industry professionals have been charged with fraud and conspiracy worth $78m (£50.6m) gained by trading insider information in FBI crackdown Operation Perfect Hedge’s most recent arrests This included profits of $62m due to single stock illegal trading of computer company Dell. The “criminal club”, formed from a group of friends, was spread across [...]
Coalition needs to tackle jobs crisis January 18, 2012 BRITAIN’S jobs market has ground to a halt and with more people joining the labour force than leaving it unemployment is soaring. This is an emergency, yet the government is paralysed, with radical supply-siders (including, perhaps surprisingly, several advisers in 10 Downing Street) largely stymied, thanks to Vince Cable and allies. There are some reforms [...]
WHAT THE OTHER PAPERS SAY THIS MORNING January 18, 2012 FINANCIAL TIMES TWO BANKS IN DANGER AS DEADLINE APPROACHES European regulators are convinced that two of the continent’s banks will fail to produce credible plans to plug capital deficits by Friday’s deadline, exposing both to the risk of full or partial nationalisation. Officials said that it looked “almost inevitable” that a fresh injection of state [...]
Obama snubs oil pipeline January 18, 2012 POLITICAL bickering heightened in the US last night, as President Barack Obama stoked a battle with Republicans by rejecting plans for a huge oil pipeline to Canada. The decision over the pipeline – seen as a key battleground between Obama and opposition Republicans during the race for the White House this year – coincided with [...]
Westminster bins new parking fee January 18, 2012 Westminster Council will today officially scrap its plans to charge motorists for off-peak parking in the West End. The council had set up a commission to look at the new charge, but was facing opposition from local businesses and workers. Colin Barrow, the outgoing council leader who said last week he would step down, is [...]
