Hendry beats Perry in thriller April 18, 2011 SNOOKER: Seven-time world champion Stephen Hendry survived a Joe Perry fightback to win an epic first round match 10-9. Hendry capitalised on Perry’s miss on the brown to win the decider. “I’ve got a big decision to make at the end of the season, I might even retire if I win this tournament,” said Hendry. [...]
Sinking ships April 18, 2011 S&P’s downgrade of US debt outlook rocks global markets US told it must slash budget deficit or lose AAA-rating Eurozone yields soar as sovereign debt crisis intensifies SOVEREIGN debt fears gripped markets on both sides of the Atlantic yesterday, after the US’s triple-A debt rating was put on a negative outlook by ratings agency Standard [...]
AV campaign support falls April 18, 2011 Campaigners supporting a change to voting rules are set to suffer an embarrassing defeat in next month’s referendum according to a new Guardian/ICM poll. The Lib Dem-backed motion to introduce the alternative vote (AV), which is also supported by senior Labour politicians, trails the No campaign by 16 points, after leading by two points just [...]
Decision time for profligate America April 18, 2011 IT pains me deeply to have to write this but America could already be in terminal decline. Like in many other Western countries, a short-termist and self-interested political elite has convinced a deluded electorate that lowish levels of tax can go hand-in-hand with exploding amounts of public spending, forever. They can’t. America faces three choices: [...]
WHAT THE OTHER PAPERS SAY THIS MORNING April 18, 2011 FINANCIAL TIMES UKRAINE’S RICHEST MAN SNAPS UP A WINDOW ON HYDE PARK FOR £136M Rinat Akhmetov, Ukraine’s richest man, has bought the UK’s most expensive flat at the One Hyde Park residential development in London’s Knightsbridge. Akhmetov was behind the purchase of the penthouse, which sold for £136.6m. The identities of buyers at One Hyde [...]
Ferrero Rocher chief dies April 18, 2011 PIETRO Ferrero, joint chief executive of the Italian chocolate-making group Ferrero, has died in an accident. The confectionery giant behind Nutella spread and Rocher chocolates said in a statement that Pietro, 48, was riding a bike during a training run in Cape Town while on a business trip to South Africa when he fell off. [...]
Twitter in talks to buy Tweetdeck April 18, 2011 Twitter is believed to be in advanced talks to buy TweetDeck for around $50m (£30.7m). TweetDeck – a third-party app designed to integrate with Twitter – filters conversations based on keywords and messages, while allowing users to write tweets in excess of the default 140 character limit. TweetDeck has at least 15 employees, the majority [...]
GLG to limit size of key fund April 18, 2011 GLG Partners, a hedge fund firm with $23bn (£14bn) of assets under management, is closing its market neutral fund to new investors when it grows beyond $1bn. A spokesperson confirmed the move to City A.M. last night, adding that the move doesn’t mark a change in fund management strategy for the company, but said that [...]
Hammerson’s Nelson to be Lloyd’s chair April 18, 2011 JOHN Nelson, chairman of shopping centre developer Hammerson, was named the next chair of the Lloyd’s of London insurance market yesterday. Nelson, who is also deputy chairman of home improvement firm Kingfisher, will take over from long-standing chair Lord Levene in October. He will receive a £525,000 salary plus benefits for the post, which will [...]
Banks cleared after probe into Parmalat April 18, 2011 A COURT in Milan has cleared Citigroup, Bank of America, Deutsche Bank and Morgan Stanley of market-rigging in a high-profile trial related to the 2003 collapse of food giant Parmalat. The four international banks had been charged for allegedly helping the Italian food group mislead investors at the time of the Parmalat scandal, dubbed Europe’s [...]
