England U21s hold Spain June 12, 2011 Manchester United striker Danny Welbeck struck late as England snatched a 1-1 draw in their Under 21 European Championships opener against Spain. Ander Herrera headed the tournament favourites into the lead but Welbeck hit back in the 88th minute in Denmark.
Saxons romp into Churchill final June 12, 2011 England Saxons bulldozed their way into the Churchill Cup final against Canada with a 41-14 demolition of Tonga led by the front row. The Pacific Islanders conceded three penalty tries as England dominated the scrum, Leicester duo Jordan Crane and Billy Twelvetrees also going over at Kingsholm.
Wiggins claims biggest win yet June 12, 2011 Londoner Bradley Wiggins boosted his Tour de France hopes by landing the biggest win yet of his road-racing career at the Criterium du Dauphine. Wiggins took a slim lead into the final stage of the traditional pre-Tour warm-up but did enough to become the third British winner.
FURY AS EUROCRATS VOTE FOR TOBIN TAX June 9, 2011 EUROCRATS have moved a step closer to imposing a devastating tax on the City, sparking condemnation from industry groups. In a bid to boost Brussels’ budget by five per cent, the EU Parliament has voted to slap a Tobin, or so-called “Robin Hood” tax, on all financial transactions that pass through the City. The Association [...]
Dovish Bank holds rates again June 9, 2011 THE Bank of England is increasingly expected to anchor interest rates at their historic low for the duration of 2011, prompting lenders to slash the interest on fixed rate mortgages. Two-year fixed rate loans dipped to their lowest cost since the beginning of the year yesterday as Bank rate was held at 0.5 per cent [...]
Inflating away the UK’s national debt June 9, 2011 ONCE again, the Bank of England chose to keep interest rates on hold yesterday. It is now looking like it won’t be raising rates until next year at the earliest. Forget about strict inflation targeting; its new policy appears to be to keep monetary policy as loose as possible for the foreseeable future, as long [...]
WHAT THE OTHER PAPERS SAY THIS MORNING June 9, 2011 FINANCIAL TIMES THIRD INDEPENDENT DIRECTOR TO QUIT ENRC BOARD A third independent director is set to leave the board of FTSE 100 miner Eurasian Natural Resources Corporation, thrusting the London-listed Kazakh company further into turmoil. Two prominent City figures, Sir Richard Sykes and Ken Olisa, were ousted from ENRC on Wednesday. Now, according to two [...]
Tube workers’ Wimbledon strike June 9, 2011 London Underground drivers will strike during Wimbledon, threatening travel chaos for tennis lovers. The first strike will take place between 8pm on 19 June and 2am on 20 June, said the union. Three more strikes covering 27 June, 30 June and 1 July were also announced by the RMT union. The dispute centres around the [...]
Credit Agricole in China deal June 9, 2011 Credit Agricole, France’s third-biggest listed bank, said yesterday it has agreed to sell stakes in its CLSA and Cheuvreux brokerage brands to China’s Citic for a total amount of $374m (£228m). The deal comes as Credit Agricole embarks on a four-year plan to focus on retail banking in France and abroad to boost growth after [...]
Investor fury over Guoco’s Rank offer June 9, 2011 SHAREHOLDERS in gaming group Rank are considering launching a complaint to the Takeover Panel over Hong Kong-listed Guoco’s approach for the firm. At least two institutional investors are understood to be concerned that some exiting shareholders have connections with Guoco and could have been acting in concert over the offer, which analysts say significantly under-values [...]
