US retail growth grinds to halt in August after slow summer September 14, 2011 HURRICANE Irene and low confidence made retail and food sales stagnate last month, according to figures released yesterday by the US Census Bureau. Advanced estimates indicate overall sales did not grow at all during August, compared to monthly growth of 0.3 per cent and 0.2 per cent in July and June respectively. Sales of vehicles [...]
Financial services roles remain at a premium as hiring levels slump September 14, 2011 HIRING for financial services roles in London fell to its lowest point so far this year during August, with just 4,095 vacancies compared to the 10,291 job seekers that entered the market, a report said yesterday. New opportunities in the financial sector fell 18 per cent month-on-month from July, and were down a huge 26 [...]
Moody’s: UK bank ratings safe for now September 14, 2011 CREDIT rating agency Moody’s said proposals from the Independent Commission on Banking (ICB) to ring-fence the retail operations of UK banks and get them to hold more capital would not lead to any immediate rating changes on the sector. Moody’s said, however, that the ICB’s proposals would have a negative impact in the longer-term for [...]
Tower 42 put up for sale for by PE owners September 14, 2011 CITY landmark Tower 42, an icon of the London skyline since it was completed in 1980, has been put up for sale, with its private equity owners hoping to get £290m for the building on Bishopsgate. BlackRock UK Property Fund and LaSalle Investment Management yesterday announced they were looking for buyers of their freehold in the [...]
Lewis seeks out Irish tycoons in brewing battle September 14, 2011 JOE LEWIS has told associates he wants to meet JP McManus and John Magnier, his friends and fellow shareholders in Mitchells & Butlers, to enlist their support in his fight to take full control of the pub chain. According to one source who was yesterday at a meeting on Lewis’s boat Aviva, the financier expressed [...]
Selfish City are stalled on their big night September 14, 2011 MANCHESTER CITY (1) vs NAPOLI (1) MANCHESTER CITY manager Roberto Mancini accused his players of putting personal glory before the team after Napoli held the Premier League pace-setters to a draw on their Champions League debut. City needed a free-kick from Aleksandar Kolarov to rescue a point from their first match against Europe’s elite for [...]
Golden Giggs to the rescue for Ferguson September 14, 2011 BENFICA (1) vs MANCHESTER UTD (1) MANCHESTER UNITED manager Sir Alex Ferguson reacted angrily to suggestions that last night’s inclusion of goalkeeper Anders Lindegaard at the expense of David de Gea indicated he was losing patience with the Spaniard following last night’s Champions League draw in Lisbon. Oscar Cardozo fired Benfica into a deserved early [...]
Empty seats are cause to revisit Chelsea strategy September 14, 2011 CHELSEA’S Champions League match on Tuesday night, when the club welcomed back an old legend in Michael Ballack as they kicked off their European challenge under the leadership of a new manager, should have felt like a grand occasion. A 2-0 win meant it all went passably enough but it was difficult not to notice [...]
Exiles star Corbisiero ready to replace stricken Sheridan September 14, 2011 ENGLAND prop Alex Corbisiero insists he’s ready to make the most of a World Cup opportunity presented to him by Andrew Sheridan’s untimely injury. Sheridan damaged his shoulder in last weekend’s bruising encounter against Argentina and will play no further part in the tournament, opening the door for London Irish’s Corbisiero to make a significant [...]
Emotional Williams still to apologise for US Open rant September 14, 2011 FORMER world No1 Serena Williams has again passed up the opportunity to apologise for her astonishing rant at the umpire during her US Open final defeat and claimed her outburst was prompted by the stresses of an emotional week. Williams collapsed to a surprise straight sets reversal against Australia’s Samantha Stosur and in the closing [...]
