Baltacha: I can shock Henin January 17, 2011 BRITISH No1 Elena Baltacha is convinced she can produce a major upset in the second round of the Australian Open when she faces former world No1 Justine Henin. Baltacha, 27, yesterday secured progress at the first grand slam of the year with victory over American qualifier Jamie Hampton 3-6, 6-4, 7-5. It was a day [...]
Facebook offer closed to US January 17, 2011 GOLDMAN Sachs will exclude US clients from a $1.5bn (£940m) private offering of Facebook shares, citing “intense media attention”. The investment bank denied the move was heralded by the Securities and Exchange Commission examining the trading of stock in non-listed companies. However, it is thought that scrutiny of the deal in the US could leave [...]
Regulators to share audit details January 17, 2011 Two City regulators have signed an agreement to share confidential information about UK auditors. The Financial Services Authority and the Financial Reporting Council yesterday agreed to allow greater exchange of information about auditors and their reports on UK companies. The regulators are heightening their oversight of audits following the financial crisis. FSA accounting and auditing [...]
Branson considers airline future January 17, 2011 British billionaire Sir Richard Branson is considering selling down his controlling stake in Virgin Atlantic. Branson, who founded the airline 27 years ago, could look to sell his shares in the carrier to help it compete with larger rival firms. Virgin called in Deutsche Bank last year to review its options after US authorities allowed [...]
Olazabal the perfect man to take over Ryder mantle January 17, 2011 JOSE MARIA OLAZABAL will be confirmed today as Europe’s next Ryder Cup captain – and he is the right man for the job. Olazabal has the competition in his blood, having been involved in eight editions of the famous event, and that makes him a great choice. The Spaniard (right) has the experience and is [...]
Diabetes drug disputes cost Glaxo £2.2bn January 17, 2011 DRUG producer GlaxoSmithKline (GSK) yesterday revealed a record £2.2bn charge to settle legal disputes linked to past sales practices and regulatory fines. The sum is an estimate set aside by the group in its fourth quarter to settle several long-running disputes, and will reduce to £1.8bn after tax deductions. A significant part of the charge [...]
Wikileaks to out alleged tax dodging companies January 17, 2011 THE WHISTLEBLOWER at the centre of a fresh Wikileaks scandal will today appear in a Zurich court charged with violating Swiss banking law. Rudolf Elmer, a former executive at Julius Baer, one of Switzerland’s top private banks, yesterday handed over a CD listing the details of 2,000 allegedly tax dodging individuals and firms to Wikileaks [...]
Henson suffers Wales setback January 17, 2011 RUGBY UNION: Gavin Henson’s hopes of making the Wales squad for the Six Nations were dealt a major blow yesterday when it was confirmed he will be out for three weeks with a torn calf muscle. The 28-year-old Saracens centre limped off during Saturday’s 43-20 defeat in the Heineken Cup against Munster.
How to ensure investors get the best advice January 17, 2011 A NATIONALLY recognised Diploma in Investment Planning was launched yesterday by the National Skills Academy for Financial Services, to help ensure that financial advisers are giving the best guidance possible to consumers. The qualification, known as Experience Counts, has been included in a Financial Services Authority (FSA) consultation to fulfil assessment requirements under the regulators [...]
Babel fined by FA for Twitter rant January 17, 2011 FOOTBALL: Liverpool forward Ryan Babel has been fined £10,000 and warned about his future conduct for posting comments and a doctored picture of Howard Webb on Twitter.
