Sky Germany is accused of hiking figures November 23, 2010 SKY Deutschland, the German pay-TV firm which is 49.9 per cent owned by News Corp, faces censure after being accused of overstating its subscriber numbers and earnings. German media watchdog BaFin says the firm added 600,000 to its 3.6m subscribers in its official reports in 2007 and 2008. The broadcaster has already been caught inflating [...]
Qantas to claim cash from Rolls-Royce for jet blow-out November 23, 2010 ROLLS-ROYCE is facing another claim for compensation over the blow-out of an engine on an A380 super-jumbo, it emerged yesterday. Australian flag carrier Qantas said it would join Airbus in claiming compensation from Rolls for the disruption caused by the accident on 4 November, which forced the Qantas jet flying to Sydney from Singapore to [...]
Cowen faces fresh calls to quit as PM November 23, 2010 IRISH Prime Minister Brian Cowen looked every inch the defeated man yesterday as he was bombarded from all sides over his handling of the financial crisis that will eventually lead to an expected €85bn (£77bn) bailout. MPs from all parties, including his own, spent the day plotting how best to bring about his early demise, [...]
Bailout chaos fails to cheer markets November 23, 2010 MARKETS continued to tumble and peripheral Eurozone gilt yields jumped yesterday as Ireland’s political turmoil added to the uncertainty surrounding its bailout. The Eurostoxx 50 saw 1.5 per cent wiped off its value, sliding to 2,745 while the Irish ISEQ 20 index lost two per cent to close at 432. In a sign of contagion [...]
Bank of Ireland faces nationalisation as Republic puts its banks up for sale November 23, 2010 BANK of Ireland and Allied Irish Banks will effectively be nationalised as part of the €85bn (£77bn) EU/IMF rescue package. The bailout, the details of which the Finance Ministry said were still being finalised last night, are expected to see the level of core tier one capital – a key indicator of financial strength – [...]
CITY VIEWS: AFTER THE IRISH BAILOUT DO YOU THINK WE WILL HAVE TO RESCUE ANY MORE EUROPEAN ECONOMIES? November 23, 2010 ANDREW COLEMAN | LLOYDS OF LONDON “I think it is very likely that we will have to bail out another European country on the back of the bailout to Ireland although I don’t think we should. But we will because of the Eurozone. As part of Europe its probably just something we have to do [...]
Greece says it’s on target while Portugal teeters November 23, 2010 GREECE claimed it is on track to meet the fiscal targets laid out in the terms of its International Monetary Fund (IMF) bailout, despite being on the verge of missing the 2010 deficit target. IMF and EU inspectors said that, while it would mis s its 2010 target by around 1.5 per cent, the country [...]
Spain successfully auctions short-term bonds November 23, 2010 THE Spanish government held a successful, although expensive, short-dated bond auction yesterday, managing to shift €3.26bn’s worth of debt – at the lower end of its €3bn-€4bn target range. But the government had to pay a premium for the money compared to its last auction in October, reflecting fears of a contagion effect from the [...]
IG?dismisses €25m case from Echelon November 23, 2010 BROKERS yesterday urged investors to take advantage of any fall in IG Group’s share price following the news that three former clients of bankrupt Scottish firm Echelon Wealth Management are suing the spread betting firm for more than €25m (£21.2m). Echelon, a Glasgow-based contracts for difference (CFD) broker which went into liquidation in October 2008, [...]
Sales of super-high heels lift sales at Kurt Geiger stores November 23, 2010 LUXURY shoe brand Kurt Geiger has reported a 25 per cent rise in turnover in the nine months to November this year, as ladies have flocked to buy its coveted 120mm-high heels. Sales of its highest heels quadrupled compared with a year earlier, it said in its third quarter trading update. Sales of red and [...]
