Ex Wasps chief Hanks joins Sale July 13, 2011 RUGBY UNION: Sale Sharks have appointed former Wasps director of rugby Tony Hanks as first-team coach. The 40-year-old, who left Wasps as director of rugby in February, will look after the side’s attack, game plan and defence. Sale director of sport Steve Diamond said: “He is the final piece of the off-field jigsaw and we [...]
US senators call for probe on News Corp July 13, 2011 AS NEWS Corp’s BSkyB bid lay in tatters, a potentially devastating storm gathered pace in the US yesterday. Two senators called for the Justice Department and Securities and Exchange Commission (SEC) to investigate whether News Corp broke US laws banning payments to influence a foreign official, relating to the phone hacking scandal at News International. [...]
WHAT NEXT FOR NEWS CORP (AND HOW HOT COULD IT GET)? July 13, 2011 RETURNS FOR BID IN A YEAR Murdoch didn’t build the world’s most powerful media empire without overcoming some major hurdles along the way. Calling time on the bid when he did stopped a parliamentary vote that would have rendered green-lighting any future approach politically untenable. Cameron has called on him to “clean his own house” [...]
Messy divorce for politicians and journalists July 13, 2011 A MARRIAGE breakdown rarely brings out the best in people. The temptation to pursue vendettas for past grievances can become overwhelming. As the media-political partnership ends in the divorce courts, it is getting messy. The politicians most angrily seeking revenge on the press are those who felt most hard done by in the expenses scandal [...]
Hedgies nurse losses after BSkyB sell-off July 13, 2011 THE frantic sell-off of BSkyB shares following the collapse of News Corp’s bid cost arbitrage investors hundreds of millions of pounds as they liquidated their holdings overnight, data showed yesterday. BSkyB’s share price has plunged 18 per cent in the past week as merger arbitrage funds, which buy shares in both a target company and [...]
UK government launches phone hacking probe July 13, 2011 DAVID Cameron yesterday launched a probe into phone hacking allegations at the News of the World and illegal activities at other newspapers, with the first findings due within one year. The investigation will be formed of two public inquiries, headed up by Lord Justice Leveson, and will start “as soon as possible”, Cameron said. It [...]
Gold surges on QE3 hint and Euro crisis July 13, 2011 GOLD surged to a record near $1,590 an ounce yesterday as the possibility of more Federal Reserve stimulus coupled with Europe’s deepening debt crisis fuelled bullion’s longest winning streak in five years. Bullion’s gains accelerated after Federal Reserve chairman Ben Bernanke said the central bank is ready to ease monetary policy further if the economy [...]
EMPLOYMENT RISES BUT JOBS RECOVERY MAY BE STUMBLING July 13, 2011 EMPLOYMENT rose again in May, official figures revealed yesterday, yet there were worrying signs for chancellor George Osborne that the labour market recovery could be facing a slowdown. While employment rose by 50,000 in the three months to May, this was significantly lower than the 88,000 added in the three months to April, while claims [...]
Jobs abroad snubbed by one in ten July 13, 2011 NEARLY one in ten City workers have declined a job opportunity abroad in the last two years, a survey by Morgan McKinley revealed yesterday. While nine per cent have turned down an opportunity, a further 28 per cent were not at all willing or able to move abroad for their careers. Yet one in five [...]
CITY VIEWS: ARE YOU WORRIED ABOUT UK DEBT? July 13, 2011 DAVE PEARCE | NICOLL CURTIN “It’s exasperating that everyone seems to be talking about it, yet there is no obvious solution. It all seems to be viciously cyclical, the government can’t initiate budget cuts without upsetting someone. But I would rather cuts than increased taxation.” DAVID SHRODER | NICOLL CURTIN “I am, but not enough [...]
