This is your last chance, Juncker warns Greece August 22, 2012 JEAN-CLAUDE Juncker, head of the Eurogroup, warned last night that Greece faces its last chance to save its economy and disastrous public finances, after a day in which markets sank partly due to fear over the Eurozone debt crisis. After meeting with Greek Prime Minister Antonis Samaras, Juncker said: “The ball is in the Greek [...]
Ex-MPC member Barker blasts new Bank of England powers August 22, 2012 POLITICIANS and not unelected officials should be responsible for making key decisions on economic and financial policies, a former senior Bank of England official argues in a report published today. Far from improving stability in the markets, former Monetary Policy Committee member Kate Barker claims the new Financial Policy Committee will “complicate” macroeconomic management. “The [...]
Montague calls for changes to rented sector August 22, 2012 THE GOVERNMENT has today launched a long-awaited review of the private-rented housing market that calls for councils to waive affordable housing requirements on private rented schemes and for financial incentives to encourage investment into the sector. The review, conducted by 3i chairman Sir Adrian Montague, makes five recommendations to the government for encouraging large institutions [...]
Sir Brian takes a back seat at Stagecoach August 22, 2012 STAGECOACH co-founder Sir Brian Souter is to step down as chief executive next May after more than 30 years at the helm. Sir Brian, 58, will remain on the board as chairman, replacing Sir George Mathewson who is retiring. This move comes in spite of the UK Corporate Governance code, which frowns upon chief execs [...]
ITV and BT still mulling tie-up to screen footie August 22, 2012 BT and ITV could face severe obstacles in cutting a deal to allow the terrestrial broadcaster to screen live Premier League games, although a tie-up is still being considered, sources said yesterday. An unprecedented sub-licensing deal, which would see ITV screen one or two of BT’s matches, would face considerable difficulty in complying with regulations. [...]
Derwent London boosted by buoyant West End demand August 22, 2012 DERWENT London yesterday reported better-than-expected half year results, buoyed by strong demand from tech and media firms queuing to take up space in the West End. The developer, which owns swathes of property across Victoria, Fitzrovia and Shoreditch, said it achieved a 4.1 per cent rise in net asset value to 1,770p per share in [...]
Camelot loses bid to close Health Lottery August 22, 2012 RICHARD Desmond’s Health Lottery won a significant victory yesterday when the High Court rejected National Lottery operator Camelot’s call for a judicial review into it. Camelot’s chief executive Dianne Thompson had claimed that Desmond’s network of local lotteries challenged her company’s special status as the national operator. She said she would appeal the “legally-flawed” decision. [...]
McDermott maddened by offside goal as unlucky Royals suffer at hands of Chelsea August 22, 2012 CHELSEA 4 vs READING 2 CHELSEA manager Roberto Di Matteo brushed off a row over an offside Fernando Torres goal as his side came from behind to edge a wildly entertaining ding-dong with Premier League newcomers Reading. Goals from Pavel Pogrebnyak and Danny Guthrie stunned the European champions, after Frank Lampard’s penalty had put Chelsea [...]
Superb Frankel raises bar again to revive talk of Prix de l’Arc tilt August 22, 2012 FRANKEL’S connections will reconsider sending the celebrated colt to next month’s Prix de l’Arc de Triomphe after he extended his flawless record with an emphatic victory in the Juddmonte Stakes at York yesterday. The Sir Henry Cecil-trained four-year-old, widely regarded as one of the greatest horses in racing history, bulldozed doubts over his ability to [...]
Blues close in on £7m move for Azpilicueta August 22, 2012 SPANISH defender Cesar Azpilicueta is expected to complete a £7m move from Marseille to Chelsea before the weekend after he was left out of the French side’s squad for tonight’s Europa League match against Sheriff Tiraspol. Azpilicueta is a long-standing Blues target and would provide competition at right-back for Branislav Ivanovic and Paulo Ferreira, following [...]
