Chance of May hike increases after two at Bank vote for rise January 26, 2011 THE Bank of England took a small step towards raising interest rates during a notably “hawkish” policy meeting earlier this month. Two members of the monetary policy committee (MPC) voted in favour of a 0.25 per cent increase in rates. Implied interest rate futures based on overnight index swaps were pricing in a 44 per [...]
Gray breaks silence over Sky sacking January 26, 2011 SACKED pundit Andy Gray insists he had intended to apologise on Monday night for making sexist comments. “Sadly I was unable to do so as I was suspended from the show by Sky Sports and have now been sacked,” said Gray. “Football is my life and I am devastated by losing the job that I [...]
Blacks calls off takeover talks January 26, 2011 OUTDOOR clothing retailer Blacks Leisure called off talks with potential suitors yesterday, saying none of the proposals were “sufficiently compelling” to take to shareholders. The owner of the Blacks Outdoor and Millets chains said its board would instead focus on supporting the firm’s budding turnaround and opening additional stores. Interested parties were said to include [...]
Lehman unveils creditor offer January 26, 2011 BANKRUPT financial company Lehman Brothers Holdings proposed a new plan for dividing up billions of dollars among its creditors and offered a bigger payment to bondholders, provided they sign on. The plan, key to Lehman’s exit from the largest bankruptcy in US history, comes after an earlier version filed in April met strong opposition from [...]
AEG: O2 shows we can make Spurs bid work January 26, 2011 TOTTENHAM’S partner in their bid for the Olympic Stadium, entertainment giant AEG, says its transformation of the 02 proves they can deliver a financially successful venue that attracts visitors all year round. Spurs, managed by Harry Redknapp (above), are locked in a two-way fight with West Ham for the £537m facility and want to develop [...]
Agius warns EU rules could hurt recovery January 26, 2011 MARCUS Agius, the chairman of the British Bankers’ Association and Barclays, has warned the government that regulators could hinder the recovery by adopting new banking rules more quickly than other countries. In a letter to chancellor George Osborne, Agius argued the UK risks tipping the playing field of global commerce in favour of rival financial centres. He [...]
‘Unsubtle’ Gatland’s feeling the pressure, says Johnson January 26, 2011 ENGLAND manager Martin Johnson has hit back at Warren Gatland after the Wales coach accused Northampton hooker Dylan Hartley of being a weak link. Gatland fanned the flames ahead of next week’s RBS 6 Nations opener in Cardiff by saying Hartley “imploded” against South Africa in November and “goes to pieces”. But Johnson retorted: “He [...]
Analysts say Glencore could be worth $60bn January 26, 2011 GLENCORE, the world’s biggest commodities trader, has enjoyed a surge in value and is now worth some $60bn (£38bn) as it contemplates an initial public offering (IPO), according to leading team of mining analysts. That value placed on it by Liberum Capital would place it among the 15 biggest FTSE-listed companies if it were to [...]
HOW WE LED THE WAY ON GLENCORE January 26, 2011 “Hong Kong is expected to grab a share of the action in Glencore’s initial public offering.” City A.M. 17th December 2010 “Glencore plans a dual listing of its shares in Hong Kong and London” WSJ.com 25th January 2011
Murray eases into last four and he’ll avoid injured Nadal January 26, 2011 ANDY MURRAY overcame the disappointment of dropping the first set of his Australian Open campaign to make it through to the semi-finals following a four set win over Alexandr Dolgopolov. The British No1 came through a testing encounter against the unorthodox Ukrainian 7-5, 6-3, 6-7 (3-7), 6-3, and will face David Ferrer in the last [...]
