Norton Rose expands as buys up rivals November 15, 2010 CITY law firm Norton Rose has taken over two rival firms, in a move that adds more than 650 lawyers to its payroll and takes annual turnover above $1bn (£622m) for the first time. Canadian firm Ogilvy Renault and Deneys Reitz, which is based in South Africa, will adopt the Norton Rose name from 1 [...]
GM to increase its IPO by up to $2bn November 15, 2010 GENERAL Motors (GM) is considering raising the size of its common stock offering in its recently announced initial public offering (IPO) by 20 per cent to about $12bn (£7.4bn), a source close to the company said yesterday. GM initially filed to sell about $10bn in common stock and another $3bn in preferred stock. The increase [...]
Boks fear entire squad took banned stimulant November 15, 2010 SOUTH AFRICA’S tour of Britain has been plunged into crisis after coach Peter de Villiers admitted he fears his whole squad may have taken a banned substance. Hooker Chiliboy Ralepelle and winger Bjorn Basson were yesterday provisionally suspended from all rugby after testing positive for the stimulant methylhexaneamine. Both were due to fly home last [...]
Google calls for Western nations to challenge Chinese censorship November 15, 2010 GOOGLE called on Western nations to challenge restrictions in China and other countries yesterday on the free flow of information over the internet as a threat to free trade. In a policy statement the search engine firm said: “More than 40 governments now engage in broad-scale restriction of online information, a tenfold increase from just [...]
Vodafone set to pay £350m in tax dispute November 15, 2010 VODAFONE was yesterday told it must pay £350m in relation to its Indian tax dispute within the next three weeks. The telecoms giant must also make a bank guarantee worth £1.2bn within eight weeks. Vodafone is embroiled in a legal battle with Indian authorities over a disputed capital gains tax bill relating to its 2007 [...]
Venables: Defeat to France is alright as long as Capello bloods new talent November 15, 2010 FORMER England manager Terry Venables has accused current boss Fabio Capello of becoming too reliant on strike pair Wayne Rooney and Jermain Defoe, and believes the Italian can afford to lose tomorrow’s friendly with France if it means discovering a reliable alternative. Injuries to first-choice pairing Rooney and Defoe, as well as knocks to Sunderland’s [...]
Barclays hopes its new CoCo will prove a hit with investors November 15, 2010 BARCLAYS is experimenting with a new contingent convertible (CoCo) in a bid to prepare itself for new European capital rules. It has devised a new CoCo that would not only convert to equity if the bank’s capital ratio declined, but convert back again if things improved again. The debt instruments will count towards capital buffers [...]
Harrison unlikely to lose £1m purse and he may fight again November 15, 2010 AUDLEY HARRISON’S camp are confident the Olympic gold medallist will retain his £1m purse from Saturday’s defeat against David Haye, despite the British Boxing Board of Control stating they might withhold the money. Harrison (right) landed with just one punch before Haye stopped him in the third round of their WBA heavyweight title fight in [...]
Cameron tells City UK is still a world force November 15, 2010 DAVID Cameron defied those that believe Britain is a fading power as he gave his first speech as Prime Minister to the City at Mansion House arguing instead that Britain remained “a great economic power.” The Prime Minister said: “We have the resources – commercial, military and cultural – to remain a major player. “Far [...]
Bothroyd hopes to avoid being a one cap wonder November 15, 2010 CARDIFF striker Jay Bothroyd is determined to ensure his call up to the England squad ahead of tomorrow’s friendly against France won’t represent the peak of his international career. The 28-year-old is in with a chance of becoming the first player from outside the Premier League to represent England since David Nugent, then of Preston, [...]
