Man United fans slow to renew tickets June 8, 2010 MANCHESTER United owners the Glazer family continued their miserable week with news that only a third of the clubs fans have renewed their season tickets. With just four days remaining before the deadline imposed by the the club, only 18,000 of United’s 54,000 strong season ticket base have renewed their seats. United fans are renowned [...]
GREEN AND GOLD CAMPAIGN PAYING OFF? June 8, 2010 Fans are protesting over the controversial Glazer ownership
Oil explorer Rockhopper raises £50m to develop a new find in the Falklands June 8, 2010 BRITISH oil explorer Rockhopper yesterday raised £48.5m to allow it to drill larger-than-expected reserves at its Sea Lion well in the Falklands. The Sea Lion exploration well find has sparked renewed tensions between Britain and Argentina, who fought a war over the islands’ sovereignty nearly 30 years ago. Rockhopper said it will also use the [...]
ING selects M Stanley for possible real estate sale June 8, 2010 ING has appointed Morgan Stanley to oversee a possible sale of its real estate management arm, as the Dutch bank reinvents itself after a state bail-out, sources familiar with the matter said yesterday. The hiring of the US investment bank follows months of speculation on the future of the unit – which has $92bn (£63.9bn) [...]
BT staff closer to door as pay deal rejected June 8, 2010 BT staff may strike for the first time in over 20 years after a pay deal was rejected yesterday by the Communication Workers Union (CWU). The telecoms giant is locked in a bitter feud over pay with their staff. City A.M. has learned BT tabled a two year pay offer including a three per cent [...]
THE UK LEADS IN THE RACE FOR RECOVERY June 8, 2010 DICK TURPIN MANAGING DIRECTOR, ARTEMIS DEBT is the thing: staggering amounts of it, now taken on by sovereign states. And as a result, there’s a strong bear case for investors. But there’s a bull case too. If you accept that the “debt repayment race” will be won by the least impaired economy, then the UK [...]
Charles Stanley: No living wills June 8, 2010 SIR DAVID Howard, the former Lord Mayor and chairman of stockbroker Charles Stanley, yesterday warned that the Treasury’s proposals to introduce “living wills” for financial firms could cost the sector hundreds of millions of pounds in lost profits. Howard said the cost of such a move to Charles Stanley would be around £1m, meaning that [...]
London dealers struggle to meet gold coin demand June 8, 2010 LONDON bullion dealers are struggling to source enough gold sovereign and Britannia coins to keep up with surging demand ahead of an expected hike in capital gains tax (CGT) in the new government’s emergency budget on 22 June. Dealers are reporting a backlog of orders for bullion coins recognised as UK legal tender, which are [...]
Northern Rock reveals plans to slash 650 jobs ahead of planned privatisation June 8, 2010 NATIONALISED lender Northern Rock plans to cut up to 650 jobs, or 14 per cent of its staff, by the end of the year, as it presses ahead with an overhaul of the bank to prepare for a return to private ownership. Northern Rock, Britain’s first major casualty of the credit crunch, yesterday said it [...]
FUND MANAGEMENT NEWS June 8, 2010 EARN INCOME IN EMERGING MARKETS JP Morgan Asset Management has announced that it intends to launch the first investment trust that will focus on dividend income from emerging markets. Traditionally, emerging market equities are a good play on growth. However, as markets mature, more and more companies are paying good dividends. The fund’s initial target [...]
