Denman should be opposed after Festival exertions April 6, 2011 PAUL Nicholls saddles the first three red-hot favourites on the card at Aintree’s Grand National meeting which gets underway live in front of the BBC cameras at 2.00pm this afternoon. Betting shop punters across the land will perm Big Buck’s, Zarkandar and Denman and the latter will be sent off really short if the first [...]
HE’S BACK: RETURN OF THE DOT.COM GODFATHER April 5, 2011 ONE of Wall Street’s biggest players in the last dot.com bubble yesterday returned with a bang to advise on the biggest tech merger this year, as fears mount over a fresh Silicon Valley crisis. Former tech-banking heavyweight Frank Quattrone has been catapulted back into the limelight as adviser to National Semiconductor on its $6.5bn (£4bn) [...]
Fed split as QE2 set to continue April 5, 2011 DIVISIONS within the US Federal Reserve were exposed last night, with the news that senior officials clashed over the controversial second phase of quantitative easing – dubbed QE2. “A few participants indicated that economic conditions might warrant a move toward less-accommodative monetary policy this year,” the March minutes of the Federal Open Market Committee (FOMC) [...]
Commerzbank to repay state April 5, 2011 GERMAN lender Commerzbank is today expected to outline plans for a capital increase of up to €10bn (£8.7bn) in a long-awaited plan to escape from the multi-billion euro government bailout it received at the height of the financial crisis. Commerzbank, Germany’s second largest bank, required an €18.2bn bailout from the government in 2009. The German [...]
Clegg being too simplistic on interns April 5, 2011 SO Nick Clegg wants to discourage unpaid internships, which he believes entrench privilege. It is indeed desperately important to make it easier for children from poorer backgrounds to get on in life. But Clegg’s broader arguments are overly simplistic and could actually end up reducing, rather than increasing, opportunities. It is much harder for poor [...]
Obama budget talks stall April 5, 2011 BUDGET talks in the United States have hit a stalemate after the White House failed to reach an agreement with the Republican-led House over cuts. Washington is now braced for a shutdown in federal services – not including armed forces and emergency services – which could start next week should lawmakers fail to reach a [...]
WHAT THE OTHER PAPERS SAY THIS MORNING April 5, 2011 FINANCIAL TIMES KEY INVESTORS FLOCK TO GLENCORE FLOTATION Demand from key institutional investors for shares in Glencore on its flotation has been well above the group’s expectations, particularly in Asia and the Middle East, according to bankers involved in the initial public offering. The Swiss-based company plans to allocate between 20 and 30 per cent [...]
Former GSK chairman criticised April 5, 2011 The former chairman of pharmaceutical giant GlaxoSmithKline, Sir Richard Sykes, has been heavily criticised for his role in a controversial mining deal in the Democratic Republic of Congo. The chairman of the parliamentary group on the great lakes region of Africa, Eric Joyce, said Sir Richard had done his reputation “immeasurable harm” in overseeing Eurasian [...]
BA ups longhaul fuel surcharge April 5, 2011 British Airways will raise its fuel surcharge on longhaul flights as the high price of oil further squeezes European consumers. BA will add £10 to the cost of an economy flight and £20 to a premium ticket. The airline, which formed the International Airlines Group when it merged with Spain’s Iberia last year, raised its [...]
Lisbon funds running out as yields rise April 5, 2011 PORTUGAL will go to the market for €1bn (£873m) today in its second debt sale in a week as the sovereign scrambles to avoid a bailout. Following a second ratings agency downgrade yesterday by Moody’s, economists estimate that Lisbon has €4.6bn of funds left, but needs to refinance €9.2bn of debt and fund €5bn of [...]
