Ahern appeal against ban dismissed July 30, 2013 HORSE RACING: Disgraced jockey Eddie Ahern, 35, has lost his appeal against a 10-year ban for race fixing.
England play Aussies at World Cup July 30, 2013 CRICKET: England have been drawn in the same pool as co-hosts Australia for the 2015 World Cup.
UK consumer confidence hits 39 month high in July July 30, 2013 UK consumer confidence has hit its highest level since April 2010, according to the GfK NOP index which rose by five points in July. Nick Moon, managing director of Social Research at GfK, comments: There is now no doubt that consumer confidence has recovered strongly from the unparalleled trough of the last five years. At [...]
Evraz stops production at Italian mill as steel plate market weakens July 30, 2013 Miner Evraz has announced that it is to stop operations at the Palini e Bertoli plate mill in Italy on 20 August (release). Evraz says that the suspension is expected to last until at least the end of October. EVRAZ Palini e Bertoli remains committed to duly perform under all existing arrangements and will execute all [...]
Investor attacks regulator for being “hostile to banks” July 30, 2013 The head of equities at Barclays' fifth largest shareholder has slammed the UK's financial regulator for being "capricious and hostile to banks". David Cumming, head of equities at Standard Life Investments, has told Reuters that regulators are responsible for a "lack of stability or consistency" in capital requirements. From a taxpayer and investors viewpoint this [...]
French firm may make formal £3.3bn offer for Invensys tomorrow July 30, 2013 French firm Schneider is said to be close to a $5bn (£3.3bn) deal to purchase engineering firm Invensys, according to Reuters. The package offered is unlikely to change from the initial announcement, as no rival bid has emerged. This offer comes a little earlier than expected, with a deadline of 8 August. Shares in Invensys [...]
US home price index sees Dallas and Denver hit all-time highs July 30, 2013 One US home price index has shown house prices have risen 12.2 per cent versus a year ago (release). While slightly below estimates of a 12.4 per cent rise, that's still a huge increase. The S&P/Case-Shiller home price index has yet again seen prices rise in every city in May. All 20 cities showed positive [...]
One of America’s biggest hospital operators buys rival to take advantage of Obamacare July 30, 2013 The second largest for profit US hospital operator – Community Health Systems – has announced the purchase of its small rival Health Management Associates (release). CHS will acquire all of the issued and outstanding common stock of HMA for a combination of cash and CHS stock currently valued at $13.78 per HMA share, based on [...]
How awful would the market for cars be if we treated them like houses? July 30, 2013 The market for housing in the UK is perverse. By comparing it with the market for cars, Duncan Stott, affordable housing campaigner for PricedOut, shows just how mad our system is: Imagine if every car that got made had to get planning permission to be manufactured, with the aim of protecting the environment and avoiding [...]
Watch: The UK doesn’t need an online sales tax July 30, 2013 Spiralling UK business rates are crippling high street shops. But City A.M. editor Allister Heath explains why an online sales tax is not the answer. We need lower rates, not yet another tax that would cost consumers and hit the poor hardest.
