Man in court over Lennon attack May 12, 2011 FOOTBALL: A man appeared in court yesterday over the attack on Celtic manager Neil Lennon during Wednesday night’s match at Hearts. The man made no plea or declaration and was remanded in custody over charges of religiously motivated breach of the peace and assault. It comes as two men were held by police probing parcel [...]
Commodity rout shakes Glencore May 12, 2011 A THIRD day of vicious turbulence in commodity trading saw investors sell out of energy and metals yesterday, causing market turmoil and even putting pressure on Glencore’s giant flotation plans. Signs that demand for raw materials is slowing in the world’s biggest industrial economies spooked investors, pushing Brent crude down three per cent to $112.33 [...]
City: Laws should make a comeback May 12, 2011 DAVID Laws, the former cabinet minister who was yesterday suspended from the Commons for breaking expenses rules, should still be allowed to return to government, according to members of the City A.M./PoliticsHome Voice of the City Panel. Thirty-nine per cent of panellists, who have been recruited from London’s business and financial community, said they would [...]
Lambert quits regulator role May 12, 2011 SIR RICHARD Lambert, the former director-general of the Confederation of British Industry, has walked away from his new role with Britain’s top financial policy unit – before he’s even had his first meeting. Sir Richard quit the new Financial Policy Committee of the Bank of England yesterday. He had been viewed as a key high-profile [...]
Here’s to some green shoots in M&A May 12, 2011 Now I’m not one to want to follow inadvertently in the footsteps of Shriti Vadera, who famously said she had noticed the green shoots of recovery shortly after the banking crisis had reared its head in 2009. Vadera, who was then business minister to the Brown government, was roundly criticised for calling the recovery a [...]
WHAT THE OTHER PAPERS SAY THIS MORNING May 12, 2011 FINANCIAL TIMES LLOYDS’ BISCHOFF COUNTERS CALLS FOR CHANGE The chairman of Lloyds Banking Group has countered suggestions from some investors that he should step down ahead of the bank’s reprivatisation. “In one or two years I suspect I’ll still be here,” Sir Win Bischoff told the Financial Times. The government is expected to begin selling [...]
Dicks queries deficit plan May 12, 2011 A FORMER member of George Osborne’s independent economic agency warned that the UK was likely to miss targets for cutting the public budget deficit yesterday. Geoff Dicks, an economist at brokerage Novus Capital Markets and an initial committee member at the Office of Budget Responsibility, said weaker-than-anticipated growth in UK productivity meant GDP growth targets [...]
Vivendi beats earnings forecasts May 12, 2011 French telecoms group Vivendi said growing sales of video games boosted its first-quarter results yesterday, as it reported a 7.2 per cent increase in earnings before interest and taxes to €1.7bn (£1.5bn). Revenues rose 3.8 per cent in the quarter compared with the same period in 2010 to €7.2bn, Vivendi said. Both results beat analyst [...]
US banks launch renminbi funds May 12, 2011 Goldman Sachs and Morgan Stanley are to launch rival private equity funds denominated in China’s currency the renminbi to gain greater access to the market. Goldman chief executive Lloyd Blankfein visited Beijing yesterday to sign the fund’s launch agreement with its partner, the Beijing municipal government’s Capital Operation and Management Centre. Morgan Stanley will launch [...]
BA dispute is resolved after change at top May 12, 2011 THE TRADE union representing British Airways cabin crew yesterday voted almost unanimously to back a deal that is all but certain to end an acrimonious and lengthy dispute that has cost the airline hundreds of millions of pounds. Sources close to the Unite union said a change of management at the airline had helped end [...]
