Tote bidders must wait for decision May 26, 2011 MINISTERS failed to reach an agreement on the winner of the auction of state-owned betting group the Tote following final talks yesterday. The department of culture, media and sport was due to announce the winner of the auction yesterday but talks were apparently derailed after chancellor George Osborne was pulled out to take calls with [...]
SERBIAN FORCES ARREST RATKO MLADIC May 26, 2011 RATKO Mladic, the Bosnian Serb general allegedly responsible for the Srebrenica massacre of 8,000 Muslims during the Balkan war of 1992-1995, was yesterday arrested by Serbian troops after 15 years on the run. Self-dubbed “the Serbian God”, he is accused of leading forces in the 43-month siege of Sarajevo while carrying out a programme of [...]
Final promises duel of No10s May 26, 2011 PREMIERSHIP FINAL PREVIEW: LEICESTER V SARACENS, TOMORROW 3PM, ESPN TOMORROW’S match is a worthy final that brings together England’s two best sides, but also promises to be an intriguing battle of styles and a fascinating contest between the fly-halves. Saracens might feel it’s an opportunity to avenge their loss in last year’s final. Psychologically Leicester [...]
BAA chair robbed at knifepoint May 26, 2011 Sir Nigel Rudd and his wife Lesley were said to be shaken but recovering yesterday after being held up in their Belgravia home by men armed with knives who stole valuables. The men, wearing stockings over their heads, held up the Rudds when they returned to their £7m home at about midnight on Monday after [...]
UBS rebuffs a Swiss exit May 26, 2011 UBS has no plans to move its headquarters out of Switzerland, chief executive Oswald Gruebel said yesterday in response to a flurry of reports that the bank could re-domicile under pressure from Swiss regulators. But he did not deny reports that UBS is looking into a way of hiving off its investment bank or other [...]
LSE’s Rolet criticises hostile bid May 26, 2011 London Stock Exchange chief executive Xavier Rolet poured scorn on Canada’s Maple Group yesterday after it said it would pursue a hostile bid for the Toronto Montreal Exchange (TMX). Rolet dismissed the revised offer as almost identical to what the TMX board rejected last week and warned that any deal would leave the Canadian exchange [...]
G8 countries to warn Greece over its massive debt burden May 26, 2011 THE G8 leaders raised the alarm yesterday about government debts weighing down the world economy but pledged at a meeting in France to find funds to help new Arab democracies. Japan’s deputy chief cabinet secretary, Tetsuro Fukuyama, told reporters the G8 agreed Greece must do more to sort out its finances and work with the [...]
Terra Firma debt talks go slow May 26, 2011 Guy Hands’ private equity firm Terra Firma is making slow progress on refinancing a complex €5.1bn (£4.4bn) securitised loan in its German property group Deutsche Annington, as details of the bondholders’ voting rights emerge, City A.M. learned yesterday. Terra Firma has started the process of refinancing the debt despite it maturing only in 18 months. [...]
Support for Conservatives dips as optimism for economy fades May 26, 2011 UK SUPPORT for the Conservative Party has fallen slightly but most people do not believe the Labour opposition is ready to govern, blaming it for the country’s economic woes, an opinion poll showed yesterday. The May Reuters/Ipsos Mori Political Monitor showed Labour up two points since last month on 42 per cent, while support for [...]
CITY VIEWS: ARE YOU OPTIMISTIC ABOUT THE G8 SOLVING THE GREEK CRISIS? May 26, 2011 LUKE WILDS | PICKTHORN “Well, Greece needs a stronger economic policy and the solution needs to come from within the country. As they are in the EU we’re obliged to help them but we can’t keep bailing them out.” MARCUS RICCOBONI | RSA “No, I think we should leave them alone as we can’t continue [...]
