England pair snubbed for IPL February 3, 2013 England wicketkeeper Matt Prior and his batting team-mate Ravi Bopara both failed to attract any bids at yesterday’s Indian Premier League (IPL) auction. Australia’s Glenn Maxwell fetched the highest price, with Mumbai Indians paying $1m (£637,000) for his services. Fellow Australians Michael Clarke and Ricky Ponting have attracted criticism for signing up to this year’s [...]
Gallacher’s first win since 2004 February 3, 2013 Scotland’s Stephen Gallacher grabbed only the second European Tour win of his career yesterday, finishing the Dubai Desert Classic 22 under par. The 38 year-old, who had not won on the European Tour for over eight years, held off South African Richard Sterne to win by three strokes.
Ali brother reveals health fears February 3, 2013 The brother of Muhammad Ali has revealed that the legendary fighter’s health has severely deteriorated. “My brother can’t speak, he doesn’t recognise me. He’s in a bad way. He’s very sick. It could be months, it could be days. I don’t know if he’ll last the summer,” said Rahman Ali. The 71 year-old former champion [...]
Marathon tie sees Czechs progress February 3, 2013 The Czech Republic moved into the quarter-finals of the Davis Cup yesterday after Tomas Berdych beat Swiss opponent Stanislas Wawrinka. Just a day earlier the pair both took part in a record-breaking marathon doubles match which lasted over seven hours, and featured a 24-22 final set victory for the Czechs.
Fresh scandal to cost banks £2bn January 31, 2013 THE FINANCE watchdog yesterday opened the floodgates to tens of thousands of compensation claims from small firms who may have been missold interest-rate fixing products, representing another major headache for the scandal-struck industry. The four biggest banks will now review the 40,000 interest rate swap transactions made since 2001 in a bid to identify any [...]
Crunch talks to save Seymour Pierce as City broker scrambles for cash January 31, 2013 THE FUTURE of 130-year-old brokerage Seymour Pierce was hanging in the balance last night as its board met to consider administration unless a last-minute investor comes forward. Seymour Pierce, which has been in talks with several potential investors in recent months, is believed to have put Grant Thornton on notice as administrator. The small-cap broker, [...]
FTSE finishes best January since 1989 January 31, 2013 LONDON’S blue chip market has enjoyed its best January since 1989, despite slipping on the final day of the month, yesterday. The FTSE 100 lost 46.23 points to close 0.73 per cent down at 6,276.88. Yet despite this final day dip, the index has nonetheless gained a considerable 6.43 per cent since the start of [...]
Rail firms hit back as new franchise auction is axed January 31, 2013 TRAIN companies have reacted furiously after the government said it will not pay back money they spent on the Great Western rail franchise contest, which was axed yesterday. National Express, one of the firms that was competing for the 15-year contract, said yesterday it is taking legal advice after “the unfair and inconsistent decision not [...]
Seven reasons to like the plc model of company ownership January 31, 2013 BACK in the 1980s, when the cult of the equity was at its peak, nobody had a bad word to say about listed companies. Three decades later, scandals and poor stock market performance have badly damaged their reputation, January’s FTSE 100 bounce notwithstanding. Many now prefer private equity. I was tasked by the Chartered Institute [...]
What the other papers say this morning January 31, 2013 FINANCIAL TIMES Barclays in Qatar loan probe UK authorities are probing an allegation that Barclays loaned Qatar money to invest in the bank as part of its cash call at the height of the financial crisis in 2008, which enabled the bank to avoid a UK government bailout. Neither Sheikh Hamad bin Jassim bin Jabr [...]
