Farah snubbed for top award November 5, 2012 BRITISH distance-running hero Mo Farah has been overlooked for world governing body the IAAF’s male athlete of the year award. Farah won 5,000m and 10,000m gold at the London 2012 Olympics, joining a select list of athletes to achieve the double in a single Games. But he did not make it onto a three-man shortlist [...]
Boss Levein sacked by Scotland November 5, 2012 FOOTBALL: Scotland last night sacked manager Craig Levein following a disappointing start to their World Cup 2014 qualifying campaign. The Scots have taken just two points from their four games, leaving it unlikely they will reach a first major finals since Euro ‘96. Former Middlesbrough manager Gordon Strachan was installed as the early bookmakers’ favourite [...]
Flanker Qera may face Red Rose November 5, 2012 RUGBY UNION: Gloucester’s Akapusi Qera could face England on Saturday after the flanker was called into Fiji’s squad for the international at Twickenham.
Bumi confirms Nat Rothschild has offered alternative to break November 5, 2012 COAL miner Bumi yesterday confirmed it had received a letter from co-founder Nat Rothschild proposing an alternative to the Bakries’ $1.4bn (£877m) plan to dismantle the London-listed miner. Last month, following an investigation into alleged financial irregularities at Indonesian arm PT Bumi, the Bakrie family proposed selling its stake in London-listed Bumi and taking back [...]
UK retail sales fizzle out after spending falls November 5, 2012 SIGNS of improved spending on the high street have proved to be something of a damp squib after retail sales in October slowed to their lowest growth in 11 months. Following strong sales the previous month, like-for-like retail sales fell 0.1 per cent in October compared with the same time last year, the British Retail [...]
Economist says Dow would soar on Romney win November 5, 2012 A VICTORY for Republican candidate Mitt Romney in today’s US Presidential election could cause the Dow Jones to jump by a huge 500 points, it was suggested this morning. Analysts and investors are expecting incumbent Democrat Barack Obama to retain the top seat in the White House, with such an outcome believed to be priced [...]
Slowdown for growth in US service sector November 5, 2012 THE PACE of expansion in the US services sector slowed in October, figures revealed yesterday, depriving President Barack Obama of a timely boost to his campaign for re-election. The Institute of Supply Management (ISM) non-manufacturing report’s headline index came in at 54.2 last month compared to 55.1 in September, disappointing economists. With any reading above [...]
Top banks call for earlier start for ring-fence November 5, 2012 THE QUICKER politicians finalise and introduce new regulations, the quicker banks will be able to implement them and move on with stabilising the industry, the chairman of HSBC and chief executive of Barclays said yesterday. The Financial Services Bill is currently going through parliament, covering areas including the ring-fencing of retail and investment banking operations, [...]
Nothing reassuring in HSBC’s tale of the unexpected November 5, 2012 STUART Gulliver tried to reassure the market yesterday in his third quarter message accompanying HSBC’s interim management statement. He ended with an upbeat take on China, “where we continue to expect a soft landing”. That would be more reassuring if it wasn’t coming from a bank that was admitting at the same time how offbeam [...]
G20 accused of failing to fully monitor most important banks November 5, 2012 THE WORLD’S biggest banks are not being properly supervised, a global regulator claimed last night, arguing authorities need to step up efforts to monitor risk and manage capital levels. The Financial Stability Board’s (FSB) update into regulatory progress found that national regulators often lack the resources to maintain a sufficient degree of scrutiny. And the [...]
