Czechs take Davis Cup from Spain November 18, 2012 Defending champions Spain lost the Davis Cup last night to a Czech side that was cheered on by its home crowd in Prague. A four set win by Radek Stepanek against Nicolas Almagro gave the Czech Republic a 3-2 victory. Stepanek won 6-4 7-6 (7-0) 3-6 6-3 to deliver the Czechs’ first Davis Cup win [...]
European Tour record for Jimenez November 18, 2012 Spain’s Miguel Angel Jimenez yesterday became the oldest winner of a European Tour event by taking the Hong Kong Open title. Jimenez, who pipped Sweden’s Fredrik Andersson by one stroke to finish 15 under par, was 48 years and 318 days old as he lifted the trophy.
St Paul’s full of Opportunity at appeal launch November 15, 2012 THE CITY descended upon St Paul’s on Wednesday night to launch City A.M.’s Christmas appeal for Opportunity International, including a fabulous auction in aid of the appeal that – along with private donations – raised £211,818 on the night. Stagecoach co-founder Ann Gloag and Pi Capital boss David Giampaolo were among guests treated to a [...]
Forex names foxy winner November 15, 2012 YET more awards on Wednesday night, this time dished out at the Grange hotel by St Paul’s as part of the Forex Summit. Jannick Malling, founder of online trading platform Tradable, brought home the bacon with the Most Innovative Financial Company. When asked about a comparison made between him and Steve Jobs, Malling bashfully replied: [...]
BP pays $4.5bn to settle Gulf spill November 15, 2012 BP has agreed to pay $4.5bn (£2.84bn) and plead guilty to charges of misconduct to settle all claims relating to the 2010 Deepwater Horizon disaster, which caused the worst offshore oil spill in US history. The total settlement over the Gulf of Mexico spill, which resolves all charges with the Department of Justice (DoJ) and [...]
CBI warns Osborne off pension raid November 15, 2012 THE HEAD of the Confederation of British Industry (CBI) has warned George Osborne against another raid on pensions, saying such a move would be “damaging to business”. The chancellor is understood to be considering including a cut in tax relief in the Autumn Statement on 5 December. But speaking to City A.M. ahead of the [...]
Tchenguiz win leaves fraud squad with £3m headache November 15, 2012 THE UK’S beleaguered fraud squad yesterday paid the price for its botched raid on the offices of property magnates Robert and Vincent Tchenguiz after a High Court judge ordered it to cover the costs of a judicial review. The figure that the Serious Fraud Office (SFO) is on the hook for is understood to be [...]
We need a new entrepreneurial revolution to rescue Britain November 15, 2012 IT is all too easy to despair about everything that is wrong with Britain. But one ray of light is our slow-burning, yet increasingly profound shift towards becoming a more entrepreneurial society. Britain counts 4.8m private firms, 99.9 per cent of which are small to medium-sized businesses (SMEs). Most are micro businesses. The rise of [...]
Ex-lovers of insider trade banker found not guilty November 15, 2012 TWO former lovers of an ex-investment banker who made thousands of pounds trading on insider tips he provided to them were yesterday found not guilty of insider dealing. Jessica Mang, 30, and Christina Weckwerth, 44, were being two-timed by banker Thomas Ammann when he told both to buy shares in a company about to be [...]
What the other papers say this morning November 15, 2012 FINANCIAL TIMES France Telecom open to EE listing France Telecom has opened the door for a flotation next year of EE, the UK’s largest mobile phone group by customer numbers that it owns with Deutsche Telekom. Gervais Pellissier, deputy chief of France Telecom, said that there “could be some space at the end of next [...]
