Green Moon lands Melbourne Cup November 6, 2012 HORSE RACING: Green Moon ensured the Melbourne Cup stayed on Australian soil for the first time in three years as the European entrants flopped. The 19-1 shot, formerly trained in Lambourn by Harry Dunlop, beat Fiorente and Jakkalberry, the best British contender.
Brit track stars join Wiggins team November 6, 2012 CYCLING: British Olympic track champions Laura Trott, Dani King and Joanna Rowsell have joined a new road-racing team part-funded by Bradley Wiggins, DTPC Honda.
Ennis up for female athlete gong November 6, 2012 ATHLETICS: Britain’s Jessica Ennis has been shortlisted for world governing body the IAAF’s female athlete of the year award. Ennis, who won heptathlon gold at the London 2012 Olympics, faces competition from American sprinter Allyson Felix and New Zealand shotputter Valerie Adams.
Commerzbank wins chance to fight bonuses November 6, 2012 COMMERZBANK yesterday won the right to challenge the bonus awards of over 100 staff who were formerly at failed bank Dresdner Kleinwort. The 104 investment bankers claim they are entitled to their full bonus – totalling €52m (£41.7m) – thanks to a verbal guarantee from senior managers in 2008. But when Commerzbank took over Dresdner [...]
Top regulators say new Basel III regulations are not yet enough November 6, 2012 INCOMING rules on banks’ capital and liquidity levels are still not enough to make the financial system secure, a top regulator behind the Basel III rules warned yesterday. “Basel III is necessary, and banks are reasonably well positioned to meet the new capital requirements – but it is not sufficient,” said Wayne Byres, secretary general [...]
Accounts boss accuses firms of hiding debt November 6, 2012 INVESTORS are losing out because firms and banks attempt to hide the true level of debts in off-balance sheet instruments, the head of the International Accounting Standards Board (IASB) claimed yesterday. Hans Hoogervorst argued that vested interests are opposing his move to push leasing arrangements on balance sheet, as it would present a less healthy [...]
Canaccord boys trade their toys November 6, 2012 BROKERS at Canaccord Genuity have been out on the road the past couple of weeks, working on a bond issuance for lorry company Stobart Group. As part of the roadshow the firm hosted a “truckers’ breakfast” at its London office yesterday, dishing out bacon sarnies and coffee to those who attended. They were also handing [...]
Election all nighter? Nobody in the City partying like it’s 2008 November 6, 2012 IF New York is the City That Never Sleeps, perhaps London ought to be referred to as the City That Elected Not To Party last night. The Capitalist was extremely disappointed at the lack of US election all-nighters held in the City, particularly from the likes of Bank of America Merrill Lynch and Morgan Stanley [...]
Morgan Sindall boss departs on profit warning November 6, 2012 CONSTRUCTION group Morgan Sindall yesterday announced its chief executive would stand down as it warned on trading levels for this year. The boardroom shake-up saw chief executive Paul Smith resign with immediate effect, and executive chairman and former chief executive John Morgan appointed in his place. Senior independent director Adrian Martin will take up the [...]
Brit chip giants Imagination and ARM buy American rival November 6, 2012 BRITAIN’S two biggest chip designers, ARM Holdings and Imagination Technologies, yesterday spent $410m (£256.5m) carving up US challenger MIPS. ARM is leading a consortium spending the lion’s share of the money – $350m – on buying a warchest of 580 patents from the Silicon Valley company. The remaining $60m has been spent by Imagination on [...]
