Henson in Wales training camp January 4, 2011 RUGBY UNION: Wales centre Gavin Henson has stepped up his fight to win back a place in the national side in time for the Six Nations. The Saracens star, who last played for his country in 2009, joined an expanded squad of more than 40 players for a pre-tournament conditioning assessment in Glamorgan. Meanwhile, Wales [...]
Monet’s Garden critically ill January 4, 2011 HORSE RACING: Nicky Richards-trained chaser Monet’s Garden was fighting for his life last night after being forced into retirement by a foot infection. The gelding registered the last of his 17 wins at Aintree in October, when he triumphed in the Old Roan Chase for a third time.
Asda’s Bond steps down January 4, 2011 SUPERMARKET Asda said yesterday its chairman Andy Bond stood down on 1 January after less than a year in his part-time role. Bond, who left the chief executive job in April 2010, will also leave parent company Walmart once its 16.5bn rand (£1.5bn) purchase of a majority stake in South African supermarket Massmart goes through. [...]
Ocado shares top float price January 4, 2011 Shares in online grocer Ocado rocketed past their 180p float price for the first time yesterday, hitting 196.7p ahead of its first update since joining the stock market last July. The company, which is yet to post a profit, gained 10 per cent in trading, its steepest rise in more than a month. It will [...]
AIG sued by former employee January 4, 2011 A former employee of AIG is suing her employers and PwC, claiming that auditors were negligent in checking the insurer’s financial strength and that AIG has failed to pursue a claim. Wanda Wimms has brought a case in the New York Southern District Court on behalf of the AIG Inventive Savings Plan, which lost out [...]
Facebook may be forced to trade publicly January 4, 2011 FACEBOOK could be forced to go public by the US Securities and Exchange Commission (SEC) after Goldman’s $500m (£320m) investment, which valued the online giant at around $50bn. Goldman’s cash injection is to be structured as an investment vehicle and sold on to clients, who can then trade their stakes on secondary markets. Goldman has [...]
Citigroup’s Indian investment bank branch accused of fraud January 4, 2011 CITIGROUP chief executive Vikram Pandit was among the executives named in a fraud case registered by the Indian police yesterday. The bank has been accused of investment fraud by one of its New Delhi customers, Sanjeev Agarwal, who put the cost of the alleged fraud at around 324m rupees (£4.6m) in a written complaint. The [...]
US could bring lawsuits against 109 bank staff January 4, 2011 US BANKING regulators have authorised lawsuits against 109 bank officials so far as they seek to recover at least $2.5bn (£1.6bn) in losses connected to recent bank failures. The Federal Deposit Insurance Corp said yesterday the suits target bank directors and officers for “either gross or simple negligence”. It is seeking to recoup money for [...]
Shareholders to decide fate of De La Rue January 4, 2011 Oberthur’s overtures to De La Rue’s shareholders have just begun THE fate of British money-printer De La Rue lies in its shareholders’ hands this week, as Oberthur Technologies tries to sell them on its takeover bid of 905p, worth £895m in total. Oberthur, which is being advised by Lazard & Co and HSBC, upped the [...]
EMI reaches a five-year deal with Pink Floyd after lawsuit January 4, 2011 PINK Floyd has agreed to a five-year deal with record label EMI, following a year of legal disputes. The British rock group took EMI to court last year in an effort to protect its albums, with a high court judge ruling that the label could not sell individual songs without consent. However, yesterday’s deal with [...]
