Saracens stunned by Venter exit November 30, 2010 RUGBY UNION: Saracens are confident they will continue to thrive despite director of rugby Brendan Venter’s impending return to South Africa for family reasons. Venter will continue to work at the club in the newly-created position of technical director, making frequent visits to London to fulfil his duties – Mark McCall will be promoted to the [...]
Beckham says no to Everton November 30, 2010 FOOTBALL: Former England captain David Beckham will not be joining Everton on loan in January. Toffees boss David Moyes had confirmed he would like to sign the LA Galaxy midfielder if the opportunity arose. But Beckham said: “David Moyes has done a great job at Everton, but I am a Manchester United fan and for [...]
DEBT CRISIS: ALL EYES ON PORTUGUESE November 30, 2010 EUROZONE yields soared again yesterday as Portugal’s hopes of avoiding a bailout appeared to fade. Investors fled from Portuguese, Italian and Spanish debt, sending yields rocketing to their highest levels since the euro started. The yields on Italian and Spanish 10-year bonds also hit record levels against so-called safe-haven German debt. Pressure mounted on Portugal, [...]
King criticises Tory leaders November 30, 2010 UK BANK governor Mervyn King criticised David Cameron and George Osborne for their lack of experience ahead of the election, according to leaked US embassy cables. King told US ambassador Louis Susman that the future Prime Minister and chancellor relied too heavily on a narrow circle of advisers and “had a tendency to think about [...]
UK banks sign up to tax code November 30, 2010 IN A last minute scramble the UK’s 15 largest banks have signed up to a government code of practice aimed at reducing tax avoidance, deputy prime minister Nick Clegg said yesterday. The code, which had a deadline of 30 November, but until October had only been supported by four of the 15, requires the banks [...]
Two dangers to look out for in 2011 November 30, 2010 AS readers know, I am relatively sanguine about the outlook for the global and UK economies next year. But this doesn’t mean that I’m blind to the risks facing the recovery. Two in particular worry me. The first is the possibility of a break-up of the euro. Arturo de Frias at Evolution Securities has crunched [...]
WHAT THE OTHER PAPERS SAY THIS MORNING November 30, 2010 FINANCIAL TIMES KPMG HIRES NON-EXECUTIVE DIRECTORS FOR NEW OVERSIGHT BODY KPMG Europe has hired three non-executive directors to sit on a new oversight body in a move that highlights the differing ways big audit firms are complying with regulatory changes in the UK. The directors are: Sir Steve Robson, a retired senior civil servant at [...]
Hohn’s hedgies struggle November 30, 2010 THE CHILDREN’S Investment Fund has seen profits from its hedge funds tumble more than 80 per cent in the last 18 months, after its investments failed to perform. The company, run by Chris Hohn and known for its sale of a stake in bank ABN Amro to RBS shortly before its nationalisation, made pre-tax profit [...]
Ex-Deloitte man linked to insider trading November 30, 2010 A FORMER Deloitte tax partner in the States and his wife have been charged with leaking secrets about upcoming merger deals to family members at the City brokerage Blue Index, in a scheme that US regulators claim made $23m (£14.8m). Arnold McClellan and his wife Annabel have been accused by the US Securities and Exchange [...]
Lloyds poaches two more top Santander executives November 30, 2010 SANTANDER has lost two more senior bankers, it admitted yesterday, potentially weakening its chances of a UK float in the next twelve months. Outgoing UK chief executive António Horta-Osório has poached the bank’s UK finance officer Antonio Lorenzo and its executive director of risk Juan Colombas as part of his move to Lloyds Banking Group. [...]
