Brit Chilton steps up onto 2013 grid December 17, 2012 ■ FORMULA ONE: British racing driver Max Chilton is expected to drive for Marussia next season, having been promoted from reserve driver. The 21-year-old was their testing and reserve driver for the second half of the 2012 season. Chilton will become the fourth British driver on the grid for 2013 along with Jenson Button, Lewis [...]
Anelka in talks to quit Shanghai December 17, 2012 ■ FOOTBALL: Former Chelsea striker Nicolas Anelka has initiated talks to terminate his contract with the Chinese side Shanghai Shenhua. Anelka joined from Chelsea in January but has only scored three times during his short spell as Shanghai struggled to finish ninth in the Super League. Former Blues teammate Didier Drogba joined Anelka in China [...]
Warnock insists pressure on Blues December 17, 2012 ■ FOOTBALL: Leeds manager Neil Warnock is relishing taking on Chelsea in the Capital One Cup quarter-finals tomorrow. The Championship side have won four of their last five games, while Chelsea return from Japan after the 1-0 defeat to Corinthians in the Club World Cup on Sunday. “It promises to be fabulous with no pressure [...]
A tale of two cities December 17, 2012 BRITISH Land and Oxford Properties have bagged their second tenant at the Cheesegrater skyscraper in the City, underlining the booming demand in London’s insurance district in stark contrast to parts of the City that have traditionally depended on the banking sector. Amlin is to take 111,000 square feet at the Leadenhall Building for an undisclosed [...]
Queen joins the Cabinet… for one day December 17, 2012 THE COALITION Cabinet will be on its best behaviour today as it keeps a royal appointment. The Prime Minister has invited the Queen to sit in on this morning’s Cabinet meeting as an observer, becoming the first reigning monarch to do so since Queen Victoria. Ministers will present Her Majesty with a gift to mark [...]
Jefferies finishes 2012 on a high, but it is tough out there December 17, 2012 There’s been anything but a gradual winding down towards the Christmas break for many of those who ply their trade at the London offices of Jefferies. Whilst for many rivals Christmas is truly coming early, with some executives already off for a touch of winter sun, many of the Jefferies teams are still much in [...]
Banks’ challengers weigh in over Haldane warnings December 17, 2012 BOSSES of start-ups aiming to challenge the banking industry yesterday sided with senior Bank of England director Andrew Haldane, following his comments that innovative new finance firms are a challenge to major banks’ dominance. Giles Andrews, the founder of peer-to-peer (p2p) lending service Zopa, told City A.M. that there is “pretty strong evidence that we [...]
What the other papers say this morning December 17, 2012 FINANCIAL TIMES G4S set to win child benefit role G4S, the company at the centre of the Olympics security fiasco, is set to win a role in implementing the government’s contentious and complex changes to child benefit and the universal credit. The FTSE 100 group is among six companies selected to run call centres that [...]
US markets rise on new hope of fiscal cliff deal December 17, 2012 US STOCK markets climbed upwards yesterday evening as hopes for a fiscal cliff deal rose. The Dow Jones Industrial Average was up 100.38 at 13,235.39, a rise of 0.76 per cent, while the S&P 500 was up 1.19 per cent and Nasdaq rose 1.32 per cent, after President Barack Obama and congressional Republican leader John [...]
HMRC slammed for call handling December 17, 2012 HMRC cost its customers £136m by keeping them dangling on the phone, a damning National Audit Office (NAO) report reveals today. NAO criticised the tax office for giving customers “poor value”. It found those who got through to HMRC in 2011-12 had to wait on average 282 seconds to speak to an adviser. Between April [...]
