Wonder night for Spurs as Bale destroys champs Inter November 2, 2010 TOTTENHAM 3 vs INTER MILAN 1 TOTTENHAM manager Harry Redknapp joked that man of the moment Gareth Bale must be on drugs after the winger ran European champions Inter Milan ragged for the second time in a fortnight. Bale utterly terrorised arguably the world’s best right-back, Maicon, laying goals on a plate for Peter Crouch [...]
CITY VIEWS: IS STRIKING THE RIGHT ACTION FOR LONDON’S TRANSPORT UNIONS? November 2, 2010 CHRIS BRADSHAW | NORTHDOOR “I will be working from home I can’t be bothered with all the malarkey. They might have a legitimate cause but they are not hitting the right people. They should be sorting this out with the people they have the grievance with. ” VICTORIA JUST | ARTEMIS “Fortunately I usually get [...]
Mitsubishi set to buy RBS unit November 2, 2010 Mitsubishi, Japan’s biggest bank by assets, is planning to buy the project financing unit of the Royal Bank of Scotland for about 500bn yen (£3.9bn). The Japanese bank presented a final offer price late last month to the British government, which controls 84 per cent of RBS’ voting rights, and is expected to sign a [...]
Westfield in £2.2bn rights issue November 2, 2010 The owner of Westfield shopping centre, Westfield Group, is to raise A$3.5bn (£2.2bn) through a rights issue that will involve creating a new company from 54 Australian and New Zealand shopping centres. The issue will be made up of an Au$2bn public offering, with the rest offered to existing security holders. The main benefit to [...]
WHAT THE OTHER PAPERS SAY THIS MORNING November 2, 2010 FINANCIAL TIMES ITV BLAMES REGIME FOR NEED TO CHASE RATINGS ITV could invest more in arts, factual programming and drama were it not for regulations, its managers told a Lords committee. Archie Norman, chairman of the UK’s largest commercial broadcaster, and Adam Crozier, chief executive, told the communications committee that ITV had been driven into [...]
BBVA in €5bn cash-call as it buys Garanti November 2, 2010 SPANISH bank BBVA yesterday launched a €5bn (£4.4bn) rights issue to help it fund its diversification away from a stagnant home market and bolster its capital levels in line with new Basel III requirements. BBVA, the second-largest Spanish lender after Santander, said that it would buy nearly a quarter – 24.9 per cent – of [...]
Juror dismissed in Terra Firma battle November 2, 2010 A JUROR in the civil fraud legal battle between Citigroup and private equity group Terra Firma was dismissed yesterday after the bank complained about her involvement in an anti-capitalist film. Citibank cited Donna Gianell’s name in credits for filmmaker Michael Moore’s “Capitalism: A Love Story”. Trial lawyer Ted Wells displayed on a screen in a Manhattan [...]
Stocks rally as market anticipates Fed decision on QE this evening November 2, 2010 US TREASURY yields were yesterday close to their lowest levels since January 2009 on the back of expectations that the Federal Reserve will today restart its quantitative easing (QE) programme. Ten-year treasury yields are at 2.6 per cent while five-year notes hit 1.2 per cent. Analysts expect the Fed to announce bond purchases of between [...]
DEMOCRATS SET TO LOSE CONTROL OF CONGRESS November 2, 2010 EARLY exit polls suggest that President Barack Obama will have to deal with a new balance of power in Washington after yesterday’s midterm elections. The Democrats appeared to have lost control of the US House of Representatives, with voters most concerned about the direction of the economy, in particular high unemployment.
GM wheels in tax break on $50bn profit November 2, 2010 GENERAL Motors will not have to pay US federal taxes on up to $50bn (£31bn) of profits for as long as 20 years because of a tax exemption for companies bailed out by the government under the Troubled Asset Relief Programme (Tarp). The government ruling, passed last year, means the losses racked up by GM [...]
