ABB pounces with surprise Chloride offer June 8, 2010 CHLORIDE, the UK power protection group that is being courted by Emerson, yesterday shocked the markets by announcing it has tied up a £860m deal with Switzerland’s ABB. ABB is offering 325p a share, plus the payment of a 3.3p dividend, and its bid easily beats an earlier rejected offer of 275p a share from [...]
Swiss handover of UBS client data delayed by political row June 8, 2010 SWITZERLAND’S delivery of UBS client data to US tax officials has been delayed after the Swiss lower house rejected the Swiss-US deal to solve a tax row, triggering a new parliamentary debate. Yesterday’s last-minute rejection by the main arm of parliament contradicts a vote in favour of the deal by the upper house last week, [...]
Forget south africa; the world cup is coming to bishopsgate June 8, 2010 ROYAL Bank of Scotland has clearly been keeping an ear out for all the sage words of wisdom dropping from the sky over the World Cup. The four-yearly event is one of the most sought-after corporate hospitality gigs in the calendar, but RBS, mindful of that taxpayer bailout it received during the crisis, isn’t biting. [...]
EU goes ahead with plans for bank tax levy June 8, 2010 THE European Union says it will press ahead with its own banking levy after the world’s top economies failed to agree on taxing an industry seen as a main culprit behind the global economic meltdown. Finance ministers finished talks yesterday to tackle bloated public debts with a promise to find a way of taxing banks [...]
Spanish unions test appetite for unrest with one-day strike June 8, 2010 SPANISH public sector workers staged a one-day protest at planned wage cuts yesterday, in a move to test whether unions will be able to muster a full-blown general strike. Civil servants banged drums and chanted anti-government slogans in a stand against a five per cent salary reduction this year, to be followed by a pay [...]
Hungary to punish banks and ban home loans in foreign currencies June 8, 2010 HUNGARY’S Prime Minister vowed to introduce a flat income tax and a tariff on banks, cut public pay and ban foreign currency mortgages as he strove to reassure investors he could contain the budget deficit. After sweeping an April election with a two-thirds majority, Viktor Orban unveiled a programme departing from that of the previous [...]
Wayne won’t let us down, promises Rio June 8, 2010 RIO FERDINAND last night shrugged off concerns over Wayne Rooney’s ill-discipline and backed the striker to keep his cool at the World Cup. The hot-headed Manchester United star was booked in Monday’s low-key warm-up win over Platinum Stars and accused of spouting foul language at referee Jeff Selogilwe. Rooney, 24, was sent off at the [...]
Reds reject Benitez set for San Siro after agreeing Inter deal June 8, 2010 RAFAEL BENITEZ will be unveiled as the new manager of Inter Milan today after agreeing a deal to succeed Jose Mourinho at the San Siro. Benitez has been locked in discussions with the European champions after his six-year spell in charge of Liverpool was ended by mutual consent last week. The Spaniard is due to [...]
Shop price inflation falls June 8, 2010 THE growth in shop prices lost momentum in May as consumer uncertainty forced retailers to keep prices low, according to the latest survey from the British Retail Consortium (BRC). Overall annual shop price inflation fell to 1.8 per cent last month compared to two per cent in April despite big rises in some costs. Transport [...]
The King and I can relive our schoolboy link, insists Terry June 8, 2010 JOHN TERRY is confident he can strike up a solid partnership with Ledley King in the centre of defence – just like they did as teenagers. King is set to get the nod to replace injured captain Rio Ferdinand and partner Terry at the back for the World Cup opener with USA on Saturday. The [...]
