Turner urges closer control of credit growth February 8, 2010 The expansion of credit needs to be more carefully controlled, Lord Turner, the chairman of the Financial Services Authority (FSA) said in an interview yesterday. “I am more and more convinced that we need to control the expansion of credit, independently of monetary policy,” he said in France’s La Tribune newspaper. He praised China, Germany [...]
Tullow set for a green light from Uganda February 8, 2010 HERITAGE Oil yesterday said it expects to receive approval from the Ugandan government for the $1.5bn (£960m) sale of its lucrative oil fields in the country to FTSE 100 oil explorer Tullow Oil. “Heritage and Tullow are working closely with the Ugandan government to obtain the formal approval of the sale, which is expected imminently,” [...]
LIFE’S A BREES FOR DREW February 8, 2010 THE New Orleans Saints stunned the Indianapolis Colts 31-17 to complete a fairytale victory in Super Bowl XLIV in Miami. Quarterback Drew Brees, pictured with the Vince Lombardi Trophy alongside coach Sean Payton, equalled the Super Bowl record for completion after hitting on 32 of 39 passes for 288 yards and two touchdowns on his [...]
Wales victory eclipses World Cup, says Easter February 8, 2010 NICK EASTER believes England’s victory over Wales on Saturday is even more significant than reaching the World Cup final in 2007. The Harlequins No8 is one only a handful of survivors from the successful campaign in France, where they narrowly lost out in the final to South Africa. But he insists the achievements of Martin [...]
Metro Bank lures senior City talent to its start-up team February 8, 2010 METRO Bank, the start-up high street lender backed by US billionaire Vernon Hill, has poached Royal Bank of Scotland’s (RBS’s) former managing director of retail banking to head up its fledgling management team. Craig Donaldson joins from RBS as Metro’s chief executive, and will be joined by a number of fellow senior City bankers. Paul [...]
Allen & Overy opens Oz office February 8, 2010 Allen & Overy, one of the UK’s top five law firms, has launched a new practice in Australia to boost its reach in the Asia-Pacific region. The “magic circle” City firm, which employs 5,000 staff across the globe, said the Australian practice would be made up of 17 partners in two offices in Sydney and [...]
Rory must now learn to win February 8, 2010 THE rise and rise of Rory McIlroy goes on it seems with the young Northern Irishman now at a career-high seventh in the world. That, for a young man of 21, is an incredible achievement. What’s just as amazing about Rory’s leap into the world’s top 10 is that he has done so having won [...]
Halfords mulls Hobbycraft deal February 8, 2010 BIKE retailer Halfords is mulling making acquisitions within the retail sector as part of ambitious expansion plans, it emerged yesterday. Halfords, which saw like-for-like sales jump 15 per cent over the Christmas period, is understood to be looking at crafts chain Hobbycraft, according to Sky News. Hobbycraft is undergoing a thorough strategic review by accountancy [...]
Ferguson and Neville delight at Ferdinand England honour February 8, 2010 MANCHESTER United boss Sir Alex Ferguson has welcomed the decision to appoint Rio Ferdinand England captain. United defender Ferdinand has been handed the armband after England manager Fabio Capello stripped John Terry of the honour. Ferdinand is not first-choice skipper at Old Trafford – a role occupied by Gary Neville – but has filled in [...]
Temasek sets 10-year bond at 3pc a year February 8, 2010 Singapore state investor Temasek has priced its 1bn Singapore dollar (£450m) 10-year bond at 40 basis points above the Singapore dollar swap offer rate. It translates to 3.27 per cent a year. The price reflects strong consumer demand for triple-A-rated issues. Temasek said in a statement that proceeds from the bond issue will be used [...]
