London Welsh fines mount up September 3, 2013 RUGBY UNION: London Welsh have been fined almost £8,500 for fielding an ineligible player in European competition last season. The Exiles had already been fined £15,000 for selecting the same man, scrum-half Tyson Keats, in domestic games.
Stenson elevated by triumph September 3, 2013 GOLF: Sweden’s Henrik Stenson has swept to top spot in the FedEx Cup standings following a two-shot win at the Deutsche Bank Championship on Tuesday. Stenson equalled the tournament record of 22 under par.
Any Other Business – 04/09 September 3, 2013 There was some lively banter in City spinners Maitlands’ Upper St Martin’s Lane offices yesterday, where payday loan company Wonga was presenting its results. It appears that Wonga boss Errol Damelin (pictured) has grand ambitions for his firm, and The Capitalist hears that the chief executive repeatedly compared Wonga to tech giants like Amazon, Google [...]
Eggsclusive: We use the Walkie Scorchie light beam to fry an egg September 3, 2013 The developers of the Walkie Scorchie skyscraper – aka 20 Fenchurch Street – had hoped their building would be known for its striking design and its blue chip clients. But instead City A.M. has revealed how the building has begun emitting a curious ray of light, started melting cars, set a carpet on fire and cracked [...]
US manufacturing PMI misses in August September 3, 2013 US manufacturing is growing a little slower, according to fresh data from Markit. The manufacturing purchasing managers' index (PMI) is down from 53.7 to 53.1, analysts had expected a rise to 54.0 Any number above 50 implies an expansion, so that result means that the pace of expansion has slowed PMI a bit. Now we [...]
Wonga profits up by over a third as it offers Church of England tech support September 3, 2013 Payday lender Wonga has reported a net profit after tax increase of 36 per cent to £62.5m, which the firm said "showed expansion and growth across its business." The company is now expanding internationally, as its total lent rises from £707.5m to £1.2bn in the same period. Wonga now employs over 500 staff in five [...]
Russian embassy reports no damage in Damascus after missile detection September 3, 2013 The Russian Defence Ministry announced detection of two ballistic "objects" fired towards the Eastern Mediterranean early this morning, according to the RIA News Agency. That report has now been denied by the Russian embassy in Syria, which has stated that there is no sign of a missile attack or explosions in Damascus after ballistic launches [...]
Merkel seeks to soothe German voters as elections loom September 3, 2013 German chancellor Angela Merkel is in full PR mode as federal elections approach. They're scheduled for 22 September. Merkel stressed that the last four years were "good ones" for Germany, and that debt reduction had been a "sensational success". She declared that her goal is to further reduce joblessness. Seeking to allay fears that Germany [...]
LSE gunning for first tech IPO on new platform September 3, 2013 AS LONDON gears up for the first floats on the new High Growth Segment, experts in fast-growing firms have said that a handful of extra analysts and investors could enable the platform to rival the Nasdaq for technology listings. A growing number of tech companies are being courted by the HGS, which was launched by [...]
UK construction sector growing at fastest pace since September 2007 September 3, 2013 The UK's construction sector is now growing at its fastest pace since September 2007, according to new purchasing managers' index data. That's despite forecasts that the rate of expansion would slow down this August, from 57.0 to 56.9. Instead we saw a rise to 59.1. Not sure what is hotter; the pavement around the Walkie [...]
