Hushovd takes yellow jersey July 3, 2011 Norwegian Thor Hushovd took the race leader’s yellow jersey after Garmin-Cervelo won the second stage of the Tour de France, the team time trial. Scotland’s David Millar, Hushovd’s colleague, lies second overall while Australian Cadel Evans is close behind after his team, BMC Racing, finished runners-up yesterday.
GREECE VOTES TO CUT ITS DEFICIT June 30, 2011 MARKETS rallied after the Greek parliament fell into line yesterday and voted through the budget laws needed to qualify for a €12bn (£10.8bn) aid tranche. The result means that Greece has passed the last hurdle standing in the way of the rescue funds that prevent a disorderly default in the next month. The aid will [...]
Trichet: no to Tobin tax in Europe June 30, 2011 EUROPEAN Central Bank president Jean-Claude Trichet yesterday made a passionate appeal to EU lawmakers to abandon plans for a devastating tax on financial transactions. The European Commission wants to raise what it claims would be €200bn (£172bn) by imposing a 0.05 per cent fee on every type of financial transaction across the EU, to fund [...]
Lloyds: we are too vital to fail June 30, 2011 LLOYDS chief Antonio Horta-Osório is lobbying for reforms that would see most of his bank rescued again in the event of another financial crisis. The CEO said yesterday that Lloyds performs “key economic functions” that should be inside any retail ringfence the government introduces. Horta-Osório spoke recently in support of the Independent Commission on Banking’s [...]
Sorry, money doesn’t grow on trees June 30, 2011 AT LAST, an interesting idea to tackle the something for nothing culture that has corrupted so much of Britain’s political debate. Sajid Javid, the MP for Bromsgrove and one of the Tories’ rising stars, will be introducing the National Debt Cap Bill (under the ten minute rule) in the House of Commons later this month. [...]
WHAT THE OTHER PAPERS SAY THIS MORNING June 30, 2011 FINANCIAL TIMES MAD MEN PARENT EYES STARDOM The dapper, hard-drinking, advertising executives of Mad Men made the show one of the big television hits of recent years. Now Mad Men’s parent company is vying to be a star on the stock market. Shares in AMC Networks will begin regular trading on the Nasdaq today, following [...]
London arrests at strikes June 30, 2011 POLICE arrested 30 people in London yesterday as 15,000 of the capital’s teachers and civil servants took part in the biggest strike in a generation. Strikers clashed with police after a number broke away from the main march and staged a sit in on Whitehall. The violence left one police officer and six protesters injured. [...]
Corn stocks prompt price dive June 30, 2011 Corn futures prices nosedived yesterday after US government data showed bigger-than-expected stockpiles and a large grain crop. The Department for Agriculture said both acreage and stocks were high, scuppering fears that food prices would rise. Corn prices have jumped to record highs over recent weeks as the market feared stocks were too low. But the [...]
Rank investors win more time June 30, 2011 The Takeover Panel has granted shareholders in Mecca Bingo owner Rank Group a two-week reprieve to allow them more time to understand the appetite for Malaysian bidder Guoco’s 150p per share bid for the company. Institutional shareholders had voiced concern that they may have been rushed into either accepting the offer, which was due to [...]
New rules on foreign profit could anger EU June 30, 2011 PLANS to overhaul the way the foreign profits of UK headquartered multinational companies are taxed could fall foul of European law, according to a top legal firm. The existing Controlled Foreign Companies (CFC) regime currently breaks EU law, following a landmark 2006 case involving Cadbury Schweppes. At that time, the European Commission said the British government [...]
