Myners hails success in the fight against European hedgie rules September 7, 2009 CITY minister Lord Myners yesterday said he had made progress in the fight against European plans to bring in strict rules that could devastate London’s hedge fund industry, after he visited Brussels to lobby EU lawmakers. Myners said he found the EU receptive to calls to rethink the proposals, which experts claim show a complete [...]
WHAT THE OTHER PAPERS SAY THIS MORNING September 7, 2009 FINANCIAL TIMES ZURICH CHIEF BACKS EU SOLVENCY RULESThe head of Zurich Financial Services, one of the world’s biggest insurance companies, has broken ranks to criticise industry rivals for lobbying against European plans to increase insurers’ financial strength. James Schiro, Zurich chief executive, said the fierce industry “pushback” against proposed new solvency rules for insurers was [...]
United issue threat over Pogba claims September 7, 2009 MANCHESTER UNITED have threatened to take legal action against Le Havre if they continue to make allegations over the transfer of 16-year-old starlet Paul Pogba. The French club have repeatedly claimed United threw money at Pogba’s family in order to entice him to Old Trafford. The claims come just days after Premier League rivals Chelsea [...]
LSEdefends high-freq traders September 7, 2009 The boss of the London Stock Exchange (LSE) has spoken out for high-frequency traders, the market speculators who have come under fire in the US for exacerbating market volatility in the credit crunch. Xavier Rolet has said he values the traders as they provide much-needed liquidity to the market. “They are a source of liquidity [...]
BGbosses get 38m in shares September 7, 2009 Top executives at BG group, the oil and gas giant that used to be part of British Gas, have been handed £38m in free shares. The payouts come amid a giant row over City bonuses. Chief executive Frank Chapman has been awarded a share package worth as much as £12m.
Burberry set to join FTSE100 September 7, 2009 High-end fashion retailer Burberry is set to ascend to the benchmark FTSE 100 index of blue chip companies. The group, which listed on markets four years ago, is to join the top stock list after Thomson Reuters decided to remove its listing on the London stock market.
Beckham eyes English return to fulfil dream September 7, 2009 DAVID BECKHAM has hinted he could make a return to the Premier League in order to fulfil his World Cup dream. The 34-year-old is still half way through a five-year contract with LA Galaxy but could be available on a loan deal when the Major League Soccer season finishes in March. Beckham enjoyed a successful [...]
Lampard: Capello will get it right September 7, 2009 ENGLAND midfielder Frank Lampard is convinced manager Fabio Capello will make the correct decision when naming Wayne Rooney’s strike partner for tomorrow night’s crucial World Cup qualifier against Croatia. With England needing a win to confirm their place in next summer’s finals, boss Capello has a welcome selection headache on his hands as Jermain Defoe [...]
T-Mobile and Orange set to merge in UK September 7, 2009 DEUTSCHE Telekom and France Telecom were last night finalising a deal which will see the firms merge their UK operations, toppling O2 from its position as market leader. After months of intense speculation about the future of its UK subsidiary, T-Mobile UK, Deutsche Telekom is likely to announce the merger with France Telecom’s Orange before [...]
GOLDMAN BANKER IN DIVORCE SKIRMISH September 7, 2009 DIVORCES are always grim affairs, but when they involve senior bankers, at least there’s a bit of colour involved. A Goldman Sachs managing director, Frenchman Yann Samuelides, has been in court battling with Denis Morley, a 67-year-old pensioner, over his wife’s divorce petition. Morley told Clerkenwell and Shoreditch county court that Samuelides promised a £500,000 [...]
