Former rugby star, 25, found dead December 13, 2012 RUGBY UNION: Former Sale Sharks player David Tait was found dead in Hong Kong on Wednesday, after falling from an apartment block. The 25-year-old worked as a corporate finance manager for KPMG after retiring from rugby in 2010 due to persistent injuries. Tait had represented England at Under-20 level.
Fed targets jobs as it doubles QE December 12, 2012 THE US Federal Reserve sailed further into uncharted waters last night, announcing an extra $45bn (£27.9bn) a month of monetary stimulus and an unprecedented plan to keep its ultra-loose policies running until it hits a new employment target. Chairman Ben Bernanke has driven the Fed through an exceptional period of cash creation and quantitative easing [...]
JP’s Dimon: Don’t dictate our salaries December 12, 2012 CAPPING bank bonuses is the wrong way to promote equality, JP Morgan chief Jamie Dimon said yesterday, arguing politicians should put more effort into helping the most deprived if they want to make a positive difference. “I don’t like the fact that we have increased inequality in the US. But you’d better be careful if [...]
Porsche races ahead with record sales December 12, 2012 ICONIC carmaker Porsche has already broken its previous record for annual sales, selling over 10,000 cars more than the whole of last year. A total of 128, 978 vehicles were sold in the 11 months to November, beating the 118, 868 sold in 2011. November sales alone were up 39 per cent on 2011 sales. Demand [...]
Former regulator Sants takes up job at Barclays December 12, 2012 FORMER financial watchdog Hector Sants is joining Barclays as its head of compliance. Sants, who left the Financial Services Authority in June, had been scoping out new roles at both Barclays and Deloitte. He will take up his new position on 21 January, having already secured FSA approval for his appointment. The 56-year-old will also [...]
London finishes the year with a last minute flotation flurry December 12, 2012 Weather permitting, Veysel Aral and his team will be at the offices of the London Stock Exchange on Monday morning to celebrate a coup. For Aral has become the latest of an elite batch of chief executives who have managed to float their companies on the London Exchange’s main market this year Aral runs Kcell, [...]
Miller and PM aides accused of press threats December 12, 2012 GOVERNMENT aides were yesterday accused of warning journalists not to publish a critical story about Maria Miller, the culture secretary, because of her position in talks regarding regulation of the press. Downing Street spokesman Craig Oliver and Miller’s adviser Joanna Hindley were accused by the Daily Telegraph of warning it about publishing allegations it made [...]
Britain secures compromise on EU bank body December 12, 2012 EUROPEAN leaders were last night close to a deal to give the European Central Bank the right to supervise banks across the bloc after Britain secured a crucial agreement which would limit the new body’s powers. Germany, the Netherlands and Austria all agreed to back Britain’s demands for “double majority” voting, which means any decisions [...]
What the other papers say this Morning December 12, 2012 FINANCIAL TIMES Steel chief Mittal upbeat on US growth US manufacturing is poised to reap the benefits of cheaper energy, propelling the world’s largest economy into a new growth phase, says Lakshmi Mittal, chairman and chief executive of ArcelorMittal. Brussels backs Hutchison Orange deal Europe’s top competition authority approved the acquisition of France Telecom’s Orange [...]
Phone hacking rings up £206m bill at Wapping December 12, 2012 NEWS INTERNATIONAL, the British newspaper arm of Rupert Murdoch’s News Corporation, swung to an operating loss in its last financial year, after it took a massive writedown from closing the News of the World. Company filings revealed that News International’s former chief executive Rebekah Brooks received a £10.9m compensation package when she stepped down last year [...]
