NBA star Ming forced to retire July 20, 2011 BASKETBALL: China’s biggest sporting star Yao Ming has confirmed that he is retiring from basketball, after suffering a series of injuries. The 7ft 6in Houston Rockets player, 30, broke his foot year. NBA official David Stern said: “Yao Ming has been a transformational player for our league and a source of enormous pride to the [...]
Cameron: I regret hiring Coulson July 20, 2011 David Cameron says he would not have employed ex-News of the World editor Andy Coulson if he knew what would emerge about phone hacking at the title The prime minister said that “with hindsight” it appeared the wrong decision and he would offer a “profound apology” if Mr Coulson was found to have lied to [...]
Mortgage lending drops July 20, 2011 Gross mortgage lending fell three per cent on the year in June but was 16 per cent up on the month, the Council of Mortgage Lenders (CML) said. The CML said gross mortgage lending totalled £12.6bn in June, the highest monthly total in almost a year. It said lending in the first half of this [...]
MPC says near term rate rise unlikely July 20, 2011 The Bank of England’s Monetary Policy Committee judged that recent economic weakness had reduced the chance that interest rates would need to rise in the near term, minutes to the Bank’s July meeting showed. Committee members voted 7-2 to keep rates at 0.5 per cent, as they did in June. Bank chief economist Spencer Dale [...]
LSE revenue up 14 per cent July 20, 2011 The London Stock Exchange, seen as a takeover target since the collapse of its bid for a Canadian rival, reported a 14 per cent rise in revenue for its financial first quarter driven by its smaller post-trade business. The UK exchange said revenue for the three months to the end of June rose to £190.2m. [...]
Eurostar sales rise fuelled by US passengers July 20, 2011 Sales and passenger numbers at Eurostar rose in the first half of the year, as more US travellers used the service. Revenue jumped four per cent in the six months to June to £421m. Passenger numbers were up by three per cent to 4.7m. The number of international passengers rose by 21 per cent, with [...]
The most humble day of my career July 19, 2011 RUPERT Murdoch yesterday described his appearance before the media select committee as the “most humble day of my life”. The embattled media baron said he had no inkling of the hacking scandal at the heart of his best selling newspaper, which now threatens to topple his entire empire. He told MPs he was let down [...]
Phone hacking scandal threatens to engulf Number 10 July 19, 2011 THE phone hacking scandal moved ever closer to Downing Street last night, following a string of damaging revelations that put the spotlight on David Cameron’s Number 10 operation. The Conservative Party revealed that phone hacking suspect Neil Wallis informally advised Andy Coulson, Cameron’s former communications supremo, in 2009 during the run up to the general [...]
Murdoch buys time as Sky shares jump July 19, 2011 JAMES Murdoch’s performance at the select committee may have bought him precious time with the board of BSkyB. He has resisted pressure to step down as chairman of the broadcaster, with sources close to the Sky board telling City A.M. they would closely monitor his damage limitation skills. A major slip-up would almost certainly have [...]
Why hacking row will cost UK dear July 19, 2011 UNFORTUNATELY for Britain, our establishment is now so deeply engulfed in the debilitating media-political phone hacking crisis that the country has become rudderless at the most dangerous time for the global economy since the collapse of Lehman Brothers. In times of global financial crises, proper, clear-headed leadership from the top is essential. That we are [...]
