Redknapp bailed over tax February 11, 2010 TOTTENHAM boss Harry Redknapp has appeared before City of Westminster magistrates charged with two counts of tax evasion. Redknapp, 62, is accused of cheating the public revenue of about £40,000 while manager of Portsmouth. He appeared alongside ex-Portsmouth owner Milan Mandaric, now chairman of Leicester City, who is charged with a similar offence. Both have [...]
Sackey to quit Wasps February 11, 2010 RUGBY UNION: England winger Paul Sackey is to leave Wasps at the end of the season to join an unnamed French side. The 30-year-old, who has made over 100 appearances for the club, said: “This was the hardest decision I’ve had to make because my heart in is Wasps. “I’ve spent some great years here, [...]
Khan eyes Malignaggi bout February 11, 2010 BOXING: Britain’s Amir Khan has set his sights on making his US debut against Paulie Malignaggi at New York’s Madison Square Garden on May 15. The WBA light-welterweight champion joined forces with American promoters Golden Boy last month and is looking for a high-profile opponent in defence of his title after Juan Manuel Marquez was [...]
Travelport scraps its £2bn float February 10, 2010 THE biggest stock market flotation in two years was sensationally pulled last night, in a move that will send tremors through the IPO market. The shock announcement came after the firm had already slashed the price range from 210p to 290p – valuing the company at £2.16bn – to just 180p to 190p. But a [...]
Europe closes in on Greek rescue deal February 10, 2010 EUROPEAN Union leaders will lay the groundwork for a financial rescue of Greece at a summit today, but any support is likely to require a big commitment from Athens on getting its economy in order. Germany and possibly France are expected to take the lead in any aid package the EU draws up to help [...]
Brown: bank levy is close February 10, 2010 GORDON Brown yesterday claimed the world’s leading economies were close to agreeing a global bank tax. He said opinions had shifted in favour of the tax after President Barack Obama’s announcement last month of a $90bn (£58m) banking levy. Brown said: “I’m interested in the way support is building up for international action. People are now [...]
Britain must not fork out for bailout February 10, 2010 THERE are two policies the British government must pursue over the looming bail-out of Greece and other weaker Eurozone countries, a move which looks increasingly likely and which will be debated in detail at today’s European summit. First, the government must make it clear that the UK taxpayer will not be put at risk. If [...]
AIG reforms its pay policy February 10, 2010 AMERICAN International Group has launched a new system to determine how employees get incentive pay, a move that follows public outcry over retention payments the bailed-out insurer made to some staff. Under the plan, which is being pushed by chief executive Robert Benmosche, AIG will rank employees on a scale of one to four, based [...]
WHAT THE OTHER PAPERS SAY THIS MORNING February 10, 2010 FINANCIAL TIMES BOCOM EYES $500M PRIVATE EQUITY FUND Bank of Communications is to launch a US dollar private equity fund in the latest sign of mounting Chinese interest in the asset class. BoCom International, the bank’s overseas arm, said on Wednesday it was targeting a $500m fund that would invest in mainland groups. The fund [...]
Firms line up to bid for IDC February 10, 2010 At least seven private equity firms and two trade bidders will launch first round bids for Interactive Data Corporation, the financial data group majority-owned by Pearson. Bids are expected in the next week. Those bidding in the first round are thought to be Kohlberg Kravis Roberts, Carlyle, Hellman & Friedman, Bain Capital, Apollo, Permira and [...]
