Everyone wants piece of Asia December 9, 2010 In many ways, Standard Chartered is the perfect bank. It has unique exposure to emerging markets, is well-capitalised with high levels of liquidity, and is reassuringly disciplined when it comes to costs. But yesterday’s update suggests its prudence is less steadfast than previously thought. Peter Sands can make a good case for growing costs more [...]
Wall St riding high as confidence soars December 9, 2010 US stocks edged up yesterday, with the benchmark S&P 500 closing at a two-year high, a trend investors expect to continue through the rest of the year. “A lot of traders thought the market would have a little bigger bump” after breaking a key technical level of 1,228 on the S&P, said Alan Valdes, director [...]
Christmas comes early for Pardew December 9, 2010 ALAN PARDEW completed a sensational return to top flight management yesterday, and the latest incumbent of the Newcastle hotseat revealed his first task is to keep hold of star attraction Andy Carroll. This time last year, Pardew, 49, was preparing League One Southampton for the visit of Tranmere. Twelve months and a sacking later, and [...]
PPR starts exclusive talks to sell off furniture branch December 9, 2010 RETAIL group PPR is in exclusive talks to sell its Conforama furniture unit to Steinhoff International Holdings, the company said yesterday as it moves away from retail in favor of sport, lifestyle and luxury. The French luxury group led by Francois-Henri Pinault said the deal valued the business at €1.2bn (£1bn) in cash, while the [...]
Dallaglio: England call must come before clubs December 9, 2010 ENGLAND great Lawrence Dallaglio has emphatically backed moves to ensure the national team is comprised solely of players based at domestic clubs. The Rugby Football Union has warned that anyone playing for a foreign team after next year’s World Cup is almost certain to be overlooked for England duty. The measure is designed to give [...]
Expect wins all round for London’s teams in Europe December 9, 2010 AS another weekend of European competition arrives, England rugby great Lawrence Dallaglio casts his eye over the fixtures involving London clubs and offers City A.M. his expert view on how results are likely to go. SARACENS V RACING METRO 92 HEINEKEN CUP, SATURDAY There are changes aplenty at Vicarage Road following the news that director [...]
Daddy day care crew not for me, says Willis December 9, 2010 FORMER England captain Bob Willis has accused Jimmy Anderson of jeopardising his side’s Ashes hopes by dashing home to witness the birth of his second child. England’s premier fast bowler, who has eight wickets in the opening two Tests, will undertake two grueling 24-hour flights in the space of a week in an attempt to [...]
Diageo faces Jim Beam fight December 9, 2010 DIAGEO could be in for an epic struggle to cherry pick top brands including Jim Beam from US conglomerate Fortune. Sources close to the US firm say its management is determined to hang onto the drinks business after splitting the firm in three. Fortune announced it will separate its most profitable drinks division from its [...]
OSBORNE’S AUSTERITY CHRISTMAS: A CHEAP TREE AND EMPTY RED BOX December 9, 2010 FOLLOWING on from The Capitalist’s report yesterday on what George Osborne will be collecting in taxes from you this season, readers might be happy to know that the chancellor will himself will be enforcing an austerity Christmas on his office. He certainly had a sorry Christmas tale to tell at yesterday’s lunch with the political [...]
Wasps mull Abu Dhabi Quins match December 9, 2010 WASPS have confirmed they are considering a groundbreaking move that would see them play Harlequins in Abu Dhabi next month. The two clubs are in advanced discussions over the possibility of playing their LV= Cup clash on foreign soil in what would be the first competitive match between two English teams to be played overseas. [...]
