Hatton: I’m ready for comeback November 14, 2012 BOXING: Britain’s Ricky Hatton insists he is in perfect shape for his first fight for more than three years later this month. Hatton, who faces Vyacheslav Senchenko on 24 November in Manchester, said: “It’s been a long time since I’ve felt like this.”
Scots sneak past Luxembourg November 14, 2012 FOOTBALL: Blackburn striker Jordan Rhodes scored twice as Scotland only narrowly beat Luxembourg 2-1 in last night’s friendly. Northern Ireland needed a last-minute equaliser from David Healy to snatch a 1-1 draw at home to Azerbaijan in their 2014 World Cup qualifier. Pressure increased on Republic of Ireland boss Giovanni Trapattoni as they lost 1-0 [...]
Warning: slow growth ahead November 14, 2012 THE BANK of England slashed growth forecasts again yesterday, predicting the economy will now not recover to its pre-recession levels until 2015. And inflation will be higher than expected, eating away at wages and keeping household finances under pressure. Governor Sir Mervyn King did not rule out any further money printing in future, but did [...]
Norton Rose joins forces with US firm November 14, 2012 CITY law firm Norton Rose is merging with US firm Fulbright & Jaworski to create a new global player with revenues close to $2bn, it announced yesterday. The new firm will be known as Norton Rose Fulbright, and be counted among the world’s top 10 law firms by both headcount and revenues. The two firms [...]
Southern Europe strikes as Greek GDP plummets November 14, 2012 THE EUROZONE was hit by a swathe of strikes yesterday, as unions protested austerity policies. Protesters took to the streets and clashed with police, bringing education, industry and transport to a grinding halt in a wide arc across Spain, Portugal, Italy, Greece and even France and Belgium. The strikes came as official data showed Greece [...]
Three important trends affecting Britain’s economic recovery November 14, 2012 THERE are three figures you need to take away from yesterday’s slurry of economic news. First, around 945.3m hours were worked in the UK economy between July and September, up 2.6 per cent year on year and the highest since April 2008. Second, total pay rises in the public sector were 2.2 per cent year [...]
What the other papers say this morning November 14, 2012 FINANCIAL TIMES Nine bidders for Parlophone records Warner Music and a joint venture led by industry impresario Simon Fuller are among nine groups to have registered interest in buying Parlophone from Universal Music Group. The label, home to Kylie Minogue and the Pet Shop Boys, is being sold to satisfy regulators’ concerns about Universal’s £1.2bn [...]
US Fed minutes hint at further stimulus in 2013 November 14, 2012 THE FEDERAL Reserve may replace its so called Operation Twist with further conventional quantitative easing at the start of next year, its latest minutes suggested last night. Operation Twist has involved the Fed selling its short-term securities and using the proceeds to buy longer-term debt, in a bid to stimulate growth by weighing down even [...]
Why has UK’s QE scheme changed? November 14, 2012 Q What is this new arrangement? A The Bank of England has printed £375bn to buy government bonds (quantitative easing or QE). These bonds pay interest to the Bank. As the Treasury indemnifies the Bank against losses on QE, it also claims the profits. It will take £35bn over the coming months. This will be [...]
Employment up 100,000 in the third quarter November 14, 2012 EMPLOYMENT continued to climb in the third quarter, official statistics showed yesterday, and though the rate of growth was down, employment remained more than a half a million up on the year. There were 100,000 more people with work in the three months to September, compared to the previous three months, the Office for National [...]
