Champion Trumped in first round December 2, 2012 World No1 Judd Trump’s defence of his UK Championship title ended in shock defeat at the first hurdle last night. Journeyman Mark Joyce, ranked 49 places below Trump, came from 5-2 down to win 6-5 and set up a second-round tie with Ali Carter, who beat veteran Steve Davis.
Fury eyes Price before WBC title December 2, 2012 Britain’s Tyson Fury could face compatriot David Price in a crunch heavyweight showdown, after defeating America’s Kevin Johnson in Belfast on Saturday night. The victory paves the way for Fury to take a shot at the WBC title, yet he may opt to fight Price at an earlier date.
McDowell wins World Challenge December 2, 2012 Northern Irishman Graeme McDowell won the World Challenge in California by three shots last night, holding off a challenge from American Keegan Bradley to finish 17 under par. Host Tiger Woods finished way off the pace on nine under par. Earlier in the day Ryder Cup hero Martin Kaymer won the Nedbank Challenge in South [...]
FTSE ends week little changed November 30, 2012 The FTSE 100 closed down slightly today, as mid-session gains vanished by the end of the day. The flagship index was down 0.06 per cent at 5,866.82 but November still finished as one of the best-performing months of the year for London stocks. The markets were hit by this afternoon’s release of figures showing record-high [...]
German parliament agrees bailout deal November 30, 2012 German lawmakers approved the latest bailout for Greece today by a majority believing a Greek bankruptcy could lead to the break-up of the euro zone. 473 of the 584 deputies in the parliamentary chamber voted for the bailout, which aims to cut Greece’s debt load to 124 per cent of national output by 2020. Michael [...]
French government eyes deal with ArcelorMittal November 30, 2012 The French government and steel producer ArcelorMittal are hopeful of closing to a deal to avoid a temporary nationalisation of a steelworkers, ahead of a midnight deadline. ArcelorMittal, controlled by Britain’s richest man Lakshmi Mittal, says two furnaces at the site in north-eastern France are not viable but Socialist President Francois Hollande wants them kept [...]
RBS to close Indian business November 30, 2012 Royal Bank of Scotland’s sale of its Indian retail and commercial banking operations to HSBC has fallen through, and it will now wind down the business, it announced today. RBS agreed to sell the business to HSBC in July 2010, but the deal lapsed on Friday. It has 31 branches and 400,000 customers, with assets [...]
Battle begins over future of the press November 29, 2012 THE BATTLE lines for a parliamentary row over press freedom were drawn yesterday, after David Cameron rejected the central recommendation of the Leveson inquiry and said he had “serious concerns” about introducing legislation to support press regulation. The combative stance was welcomed by the newspaper industry but means Cameron will now be pitted in a [...]
UK banks must raise tens of billions in extra capital November 29, 2012 BRITISH banks’ capital levels could differ from their reported levels by tens of billions of pounds, the Bank of England warned yesterday, because they each measure risk weighting in very different ways. That means different banks could hold different levels of capital against the same asset, because they have assessed it in different ways. Fears [...]
Why David Cameron was right to stand up for free speech November 29, 2012 YESTERDAY wasn’t quite the tragic day for the freedom of the press that it could have been, for one reason only: at one minute to midnight, David Cameron came riding to the rescue of free speech. By refusing to back the Leveson report’s key demand – a new regulator underpinned by statute and ultimately policed [...]
