De Gea completes United medical June 27, 2011 FOOTBALL: Spanish goalkeeper David De Gea is expected to finally rubber-stamp his £17.8m switch to Manchester United after completing a medical yesterday. The 20-year-old’s signature will take Sir Alex Ferguson’s summer spending to £50m following the arrivals of Phil Jones and Ashley Young.
Mexico peg England back June 27, 2011 FOOTBALL: England’s women saw their World Cup campaign get off to an inauspicious start as they were held to a 1-1 draw by Mexico in their opening game of Group B in the Wolfsburg Arena.
One country gets it on bank reforms June 27, 2011 BELIEVE IT or not but Denmark has emerged as Europe’s pioneering financial reformer. We need to learn from it. Fjordbank Mors, a small lender, has just been allowed to go bust; taxpayers are not having to shell out a penny and the world hasn’t come to an end. Senior bondholders at Fjordbank Mors are taking [...]
WHAT THE OTHER PAPERS SAY THIS MORNING June 27, 2011 FINANCIAL TIMES MICROSOFT LAUNCHES CLOUD OFFICE Microsoft is set to place one of its biggest bets yet on cloud computing with the launch of Office 365, an online version of its most widely used business software. The software company’s belated push online with one of its core businesses comes more than four years after Google [...]
TJ Hughes on brink of collapse June 27, 2011 TJ Hughes has filed its intention to appoint an administrator, bringing another UK high street stalwart to the brink of administration. The Liverpool-based business, which has operated since 1912, has 57 department stores nationwide and employs around 4,000 staff. The stores, which sell branded items at discounted prices, was bought by private equity group Endless [...]
Tesco to push its bank this year June 27, 2011 Tesco, the world’s third-biggest retailer, will make its long-awaited push into banking this autumn, and will not do so by buying Lloyds branches or bidding for state-owned Northern Rock, its head of retail services Andrew Higginson told a conference yesterday. He said the firm was focused on growing its own business. “Certainly we will be [...]
French banks agree Greek debt rollover June 27, 2011 FRENCH banks have agreed to a rollover of Greek debt, giving the country some valuable breathing space as it thrashes out a plan to handle a second bailout. At least 20 senior bankers from a group of French banks exposed to Greek debt, including BNP Paribas, Credit Agricole and Societe Generale, yesterday agreed plans to [...]
Fight for graduate jobs heats up as wages rise June 27, 2011 THE number of university graduates vying for each UK job vacancy has reached its highest ever level, as starting salaries for entry-level roles increase for the first time since 2008. Recent graduates applying for jobs at some of the UK’s most active recruiters will face competition from an average of 82 other applicants per role, according [...]
Sants says FSA replacement could cut choice June 27, 2011 THE Financial Services Authority (FSA) has warned that one of the two bodies set up to replace it will take a “bolder, more intrusive” approach to micro-managing firms’ development and sales of new products. The Financial Conduct Authority (FCA) will be created next year to take over half of the FSA’s functions. FSA chief executive [...]
Diageo leads raft of China trade deals June 27, 2011 DIAGEO is to become the first spirits firm to take control of a Chinese-listed rival, after a £13m deal was approved yesterday. The deal, which was announced during Chinese Premier Wen Jiabao’s visit to Britain, was given the green light by regulators in a sign that the emerging superpower is becoming more open to foreign [...]
