‘Bond market tantrum risks’: Gilt traders brace for Labour leftward pivot as Starmer future uncertain
Keeper riddle isn’t a worry, says Ferguson September 18, 2012 MANCHESTER United manager Sir Alex Ferguson insists he is at ease with fluctuations in his choice of No1 goalkeeper as they prepare to begin their Champions League campaign against Galatasaray tonight. Ferguson axed £17m David de Gea after he shipped three in the first two games of the season and Dane Anders Lindegaard has fared [...]
Talks fail to break deadlock in dispute over Euro rugby future September 18, 2012 EUROPEAN rugby’s future remains in the balance after talks in Dublin yesterday failed to avert the threat of a breakaway from English and French top-flight clubs. Stakeholders in European Rugby Cup [ERC], organisers of the Heineken Cup and Amlin Challenge Cup, agreed to reconvene in Rome next month to continue dialogue. It comes after Premiership [...]
Foden could miss autumn fixtures September 18, 2012 ■ RUGBY UNION: England full-back Ben Foden is a fitness doubt for the autumn internationals after suffering an ankle ligament injury while playing for Northampton. A Saints statement said that he would be unavailable “for a number of weeks” as a result of the “significant damaged” he had suffered.
Haye applies for boxing licence September 18, 2012 ■ BOXING: David Haye has applied for his British boxing licence, and returned his licence from the Luxembourg Boxing Federation, as he attempts to organise a fight against WBC heavyweight champion Vitali Klitschko.
Regulator: I’ll shoot first, ask questions later September 18, 2012 THE CITY’S regulators will get much tougher next year, the incoming boss of the new Financial Conduct Authority warned yesterday, telling financial services firms he will take a “shoot first and ask questions later” approach to the role. Banks could see products banned from sale even before regulators have decided whether they are safe or [...]
Inflation row as UK targets £3bn savings September 18, 2012 A PLAN to reform the way a key measure of inflation is calculated could save the government billions but wreak havoc in the gilts market and threaten pay rises and pensioners, analysts warned last night. The Office for National Statistics is set to decide whether to improve the method it uses to compute the Retail [...]
It is always dangerous to allow inflation figures to be fiddled September 18, 2012 HERE is a rule that never fails: whenever the authorities decide to change the way they measure inflation, reach for your wallet, because you are about to be stealthily robbed. Each revision inevitably discovers that inflation was, in fact, lower than we realised, which means that all is for the best in the best of [...]
Bank of England prepares for capital level powers September 18, 2012 THE BANK of England will soon have major powers to adjust banks’ capital levels as it sees fit, adjusting regulatory requirements to try to match economic conditions, according to new government proposals unveiled yesterday. The new Financial Policy Committee (FPC) is being established to maintain stability in the sector – for example by bursting asset [...]
What the other papers say this morning September 18, 2012 FINANCIAL TIMES Noble Foods hit by eggs surplus Noble Foods, Britain’s largest egg producer by volume, reported a 22 per cent slide in pre-tax profits last year, providing further evidence of the squeeze on the egg industry. BP in talks to sell off refinery BP has held talks to sell its Texas City refinery to [...]
Planned FPC powers September 18, 2012 ■ Counter-cyclical capital buffers to try to keep lending steady ■ The FPC will be able to make banks build up capital buffers in good years and run them down in bad years ■ That means banks will not collapse when the economy slows, but instead have a cushion they can use up to keep [...]
