MPs to grill 2012 bosses over budget December 6, 2011 A HOST of top London 2012 officials face a grilling from MPs next week after a government watchdog warned the Olympics is in danger of exceeding its £9.3bn budget and requiring further taxpayer funding. A National Audit Office report published yesterday highlighted the “real risk” that a drastic reassessment of security costs left little spare [...]
Auditors hit by Olympus probe verdict December 6, 2011 KPMG AZSA’s reputation took a hit yesterday when the independent investigation into Olympus released a report naming substandard external auditing as one of the central factors in the scandal. The report censured the Japanese auditing firm, of which Olympus was a long-standing client, for issuing unqualified clean opinions without in-depth evaluation and for neglecting to [...]
FA to review Suarez gesture December 6, 2011 FOOTBALL: The Football Association is reviewing photographic evidence that appears to show Liverpool striker Luis Suarez making an offensive gesture aimed at Fulham fans following Monday night’s defeat at Craven Cottage. Suarez, who was subjected to “cheat” taunts during the game, is already in hot water with the FA having been charged with making a [...]
O’Neill wants instant impact December 6, 2011 FOOTBALL: New Sunderland manager Martin O’Neill wants an instant reaction from his players so they can drag themselves away from the drop zone. O’Neill took over the manager’s position at the Stadium of Light on Saturday before watching the Black Cats squander lose 2-1 at Wolves. He said: “Sunday’s game against Blackburn is very important [...]
Ashton handed four-week ban December 6, 2011 RUGBY UNION: England wing Chris Ashton has been banned for four weeks after being found guilty by an RFU disciplinary panel of an act ‘contrary to good sportsmanship’. The Northampton star prompted a mass brawl by tugging the hair of Leicester’s Alesana Tuliagi during last Saturday’s Premiership clash.
SNAPSHOT OF A SCANDAL December 6, 2011 THE EXECUTIVES Masatoshi Kishimoto (far right) President 1993 – 2001 Tsuyoshi Kikukawa (right) President 2001 – 2011 Hisashi Mori former executive vice president – left Nov 2011 Hideo Yamada ex-internal auditor – left Nov 2011 “The core of management was corrupted and the surrounding portion was contaminated,” the report found THE WHISTLEBLOWER Michael Woodford Ousted [...]
Olympic Village name revealed December 6, 2011 OLYMPICS: The London Olympic village will be called East Village once next summer’s Games have finished. The area, which will gain the postcode of E20, will be home to more than 6,000 people from 2013.
Deutsche wins broking tie-up with Barclays December 6, 2011 BARCLAYS has ditched JP Morgan Cazenove as one of its broking advisers, replacing it with Deutsche Bank. Deutsche, which has been building up its UK broking business in recent months, has a strong financials team that is already advising Phoenix, the life assurance group, and Bank of Ireland. The German bank has also picked up a [...]
CITY SNAPS UP FLATS IN DELAUNAY NEIGHBOUR December 6, 2011 NO PRIZES for guessing who was first through the doors of The Delaunay: restaurant reviewer AA Gill, who was yesterday spotted having breakfast with the new brasserie’s co-owner Jeremy King. Of course, Gill was followed closely by The Capitalist, who caught up with King as he studied the architects’ plans for his next opening Brasserie [...]
Aegon to hit 2015 targets despite crisis December 6, 2011 DUTCH insurance group Aegon has reassured investors that it had not been blown off course by the Eurozone debt crisis and will meet its financial targets to 2015, as it kicked off a two-day investor conference in New York yesterday. Aegon, which received a €3bn (£2.6bn) bailout in 2008 and has sold off non-core assets [...]
