CAR TALK January 18, 2011 ORLA KIELY CITROEN COLLECTION British designer Orla Kiely has created a limited edition version of Citroen’s DS3. Known for her distinctive prints that usually adorn purses and mugs, the Orla Kiely Collection DS3 features her trademark acorn and stem patterns on the cars’ roof, floor carpets, headrests, windows and tailgate. Just 500 of the cars [...]
Shahzad: Colly axe was a wake-up call January 17, 2011 ENGLAND bowler Ajmal Shahzad knows he is far from guaranteed a place in his side’s World Cup squad, a fact rammed home by last week’s shock axing of Paul Collingwood. Coach Andy Flower and captain Andrew Strauss will name their 15-man squad for the tournament, which is to be held in India, Sri Lanka and [...]
Apple rocked as Jobs sick again January 17, 2011 APPLE shares tanked in European trading yesterday after talismanic boss Steve Jobs announced he will take an open-ended leave of absence on medical grounds. The bombshell, dropped on the eve of tonight’s Apple trading update, caused panic among investors who fear the firm could struggle without Jobs at the helm. US markets were closed for [...]
Santander’s Spanish CEO may be forced to quit January 17, 2011 SANTANDER’S chief executive Alfredo Sáenz is set to be barred from banking and sentenced to eight months in jail by Spain’s supreme court, according to reports. Spain’s El Mundo newspaper said yesterday, without citing sources, that Sáenz will be given a longer sentence than the one he appealed after being convicted of bringing false charges [...]
Northern Rock set for sell-off January 17, 2011 THE government has invited pitches for financial advisers to assist in offloading its stake in the nationalised bank Northern Rock. UK Financial Investments, the body that administers the taxpayer’s stake in bailed-out banks, opened itself up for a “beauty parade of investment banks” yesterday. It said that it is considering a range of options, but [...]
Premier League’s January spending set to top £100m January 17, 2011 ASTON VILLA’S club record £24m bid for Sunderland striker Darren Bent looks set to trigger a flurry of transfer window activity that propels top flight spending past the £100m mark. Hard-up Premier League clubs spent just £30m in total last January but Bent’s proposed move would take this month’s total to around £65m with almost [...]
PFI found to fail taxpayers January 17, 2011 PRIVATE investors have been reaping the profits of private finance initiatives (PFIs) without sharing the proceeds with the taxpayer, according to an influential Commons committee. In a scathing evaluation of private involvement in the funding of social housing and hospitals, Labour MP Margaret Hodge, the chair of the Public Accounts Committee, has called for new [...]
Investors must regain the initiative January 17, 2011 DO your own homework and take greater responsibility for your money: this must become investors’ new motto. They must start to rely less on the opinions of outsiders – auditors, rating agencies and sell-side analysts – and more on their own judgment. Here is how I would change things. Until the 1970s, credit rating agencies [...]
City A.M. joins forces with the Epsom Derby January 17, 2011 CITY A.M. has agreed a deal with Epsom Downs Racecourse to become the official newspaper of the Investec Derby Festival, which takes place on Friday 3 and Saturday 4 June at Epsom Downs Racecourse. The agreement will see City A.M. produce a Derby Special Edition as its first ever Saturday newspaper. The 20-page publication will [...]
What the other papers say this morning January 17, 2011 FINANCIAL TIMES CHINA’S LENDING HITS NEW HEIGHTS China has lent more money to other developing countries over the past two years than the World Bank, a stark indication of the scale of Beijing’s economic reach and its drive to secure natural resources. China Development Bank and China Export-Import Bank signed loans of at least $110bn [...]
