Lending dries up between Euro’s banks August 9, 2011 BANKS in Europe appear increasingly reluctant to lend to one another, dangerously mirroring scenes last witnessed in the credit crisis of 2008. So far the strains have been more pronounced in Europe rather than the dollar market, with EURIBOR interbank lending spreads over overnight index swaps having widened to post-financial crisis levels and more banks [...]
UK shares rally after falling below the crucial 5,000 level August 9, 2011 The UK’s top share index the FTSE 100 bounced off 13-month lows yesterday ahead of the US Fed’s announcement, which dealers hoped would calm nerves over global debt and growth problems. The UK benchmark index rose 95.97 points, or 1.9 per cent, to 5,164.92, snapping a losing streak that has stretched back over the last [...]
How well have British politicians dealt with the riots in London? August 9, 2011 This week, we’re asking members of our Voice of the City panel to rate the performances of Prime Minister David Cameron and London Mayor Boris Johnson with regard to the London riots. We also want to know how well George Osborne has dealt with the crisis that has engulfed world financial markets for the best [...]
WHAT THE OTHER PAPERS SAY THIS MORNING August 9, 2011 FINANCIAL TIMES BOFA CHIEF FACES CRUCIAL CALL WITH INVESTORS Brian Moynihan, chief executive of Bank of America, faces a crucial conference call with investors today, after a sharp decline in the bank’s share price and questions over its exposure to mortgage losses and litigation. The Daily Telegraph AOL SHARES TUMBLE AFTER AD LIFT FALLS SHORT [...]
RIOTS THREATEN SPORTING CHAOS August 9, 2011 • Fears grow over start of Premier League season • Eight London matches in danger of being axed • FA promise refund after England game called off POLICE will today decide whether London’s Premier League and Football League fixtures are safe to go ahead at the weekend after the rioting ravaging the capital plunged the sporting [...]
Olympic chiefs keep faith despite violence August 9, 2011 THE International Olympic Committee remain confident London will prove safe and secure hosts of next summer’s Games, despite the riots which have wreaked chaos across the capital since Saturday. The timing of the clashes could not have been more embarrassingly timed as the violence coincided with the arrivals of two senior members of the IOC [...]
Wenger alerts suitors of Cesc and Nasri August 9, 2011 ARSENAL manager Arsene Wenger has fired a warning to the suitors of his unsettled midfielders Cesc Fabregas and Samir Nasri by naming both in his Champions League squad ahead of next’s week qualifier against Udinese. Club captain Fabregas, who failed to play a part in his side’s pre-season programme, is being courted by Barcelona, while [...]
England will give Moody until last minute to prove fitness August 9, 2011 ENGLAND coaches have indicated they will give captain Lewis Moody until the last possible moment to prove his fitness for the World Cup. Scans revealed yesterday that the knee injury suffered by the Bath flanker in Saturday’s 23-19 win over Wales at Twickenham was only a strain. Moody will sit out Saturday’s return match at [...]
Strauss confident Bopara and Bresnan can fill the breach left by injured duo August 9, 2011 ENGLAND captain Andrew Strauss has backed his side’s supporting cast to compensate for the absences of injured duo Chris Tremlett and Jonathan Trott at Edgbaston this week. The shoulder injury which prevented Trott from batting in his customary No3 slot in England’s second innings at Trent Bridge last week is yet to heal, while Tremlett, [...]
Redknapp’s options cut by Pienaar injury blow August 9, 2011 TOTTENHAM have suffered a blow ahead of their testing start to the new season after midfielder Steven Pienaar was ruled out for six weeks. The South Africa star, who is recovering from groin surgery, will miss the visit of his former club Everton on Saturday and the difficult sequence of matches that follows. If, as [...]
