London clubs hope to avoid Euro giants in knockout stage draw December 19, 2012 ARSENAL, Chelsea and Tottenham will discover their next European opponents today when the draws for the last 16 of the Champions League and last 32 of the Europa League are made. Arsenal cannot meet Manchester United or group stage foes Schalke in the Champions League, but could face Barcelona, and former Gunners Cesc Fabregas and [...]
Aussie Johnson set for Scotland job December 19, 2012 FORMER Wales and Ospreys coach Scott Johnson looks set to take charge of Scotland, England’s first opponents, for the Six Nations. The Australian, who joined Scotland as assistant in the summer, is expected to be named Andy Robinson’s successor this week. Robinson quit after defeat in all three autumn Tests saw them drop to 12th [...]
Hillsborough verdicts quashed December 19, 2012 FOOTBALL: A new inquest into the death of 96 fans at the Hillsborough disaster has been ordered after the original verdicts of accidental death were quashed yesterday. A fresh police inquiry has also been ordered.
Ahern accused of corruption December 19, 2012 HORSE RACING: Jockey Eddie Ahern faces a corruption probe after being charged with rule breaches by the British Horseracing Authority. Footballer-turned-racehorse owner Neil Clement has also been charged.
Rate-riggers to face trial in USA December 19, 2012 SWISS bank UBS was yesterday hit with almost £1bn of fines for Libor fixing around the globe – a fine three times larger than the penalty paid by British bank Barclays in June. And the US authorities announced two former traders, including one Briton, have been charged with conspiracy and face extradition. Dozens of traders [...]
Santa comes early for the stock market December 19, 2012 TRADERS received some festive cheer yesterday as the FTSE 100 continued its pre-Christmas gains to close just below its 2012 high. “The Santa rally is in full flight as markets hit their highs,” declared Matt Basi of CMC Markets, as investors celebrated the traditional end-of-year gains. London’s leading share index is up 0.7 per cent this [...]
Diamond’s fall was less to do with Libor, more with image December 19, 2012 THOSE that care about such things have long suspected that the Barclays management led by Bob Diamond achieved little for themselves by being the first to settle allegations earlier this year that the bank manipulated a key interest rate. By doing so, they may have done well for their shareholders by agreeing a less costly [...]
No more heads to roll at UBS for key rate fiddling December 19, 2012 UBS chief executive Sergio Ermotti yesterday led the charge to rehabilitate the bank’s image, insisting major changes have already been made to make sure Libor fiddling can never happen again. The fine comes after a series of blows shaking up the bank, from rogue trader Kweku Adoboli losing £1.4bn to the bank deciding to wind [...]
What the other papers say this morning December 19, 2012 FINANCIAL TIMES Greece faces make or break year Next year will be “a make or break” year for Greece’s future as a member of the eurozone, the country’s finance minister has said, warning Europe’s leaders that Athens still faces “the possible risk” of crashing out of the currency bloc. “We can make it next year [...]
US to sell General Motors stake December 19, 2012 The US Treasury sold $5.5bn (£3.4bn) of shares in General Motors yesterday and plans to sell the rest of its stake over the coming year, all but assuring a multibillion-dollar loss following the car manufacturer’s state bailout in early 2009. At current prices the Treasury could lose more than $12bn on its $50bn investment in GM [...]
