Construction output plunges 10 per cent in a year September 14, 2012 UK construction activity shrank by 10 per cent in the year to July, official figures from the Office for National Statistics said today. Over the month to July though, output rose 2.2 per cent. Over the three months to July, output from the construction sector fell by 10.1 per cent compared to the same three [...]
FTSE 100 up sharply on US economic stimulus September 14, 2012 The blue chip index jumped sharply in early trading, as it consolidated gains in the US in the wake of QE3. Headline miners led the index up, with Ferrexpo jumping 15.15 per cent in early trade, as metal prices rose on hopes of increased demand. South Africa-focused Aquarius Platinum jumped 12.48 per cent, Evraz soared [...]
RBS confirms Direct Line float September 14, 2012 RBS this morning confirmed plans to float its Direct Line insurance business on the London Stock Exchange in the largest share listing this year. RBS, which is 83 per cent-owned by the government, had to either sell or float the business by next year as a condition of its bailout in 2008. “We believe it [...]
Lonmin miners reject pay offer September 14, 2012 Strikers at platinum firm Lonmin’s Marikana mine rejected its increased pay offer today, quashing hopes that an end to the five-week long strike might be in sight. Lonmin this morning presented a pay offer to the striking miners at Marikana, offering to increase their salaries to less than half their demanded basic wage. The South [...]
Case to open against former UBS trader September 14, 2012 The trial against former UBS trader Kweku Adoboli accused of losing the Swiss bank £1.4bn will start later today. Adoboli, 32, was arrested on 15 September 2011 when UBS uncovered what it termed “unauthorised trading” when working as a senior trader on UBS’s Delta One desk, which trades exchange traded funds. He pleaded not guilty [...]
Chemring extends Carlyle bid deadline September 14, 2012 Defence firm Chemring this morning announced an extension of the deadline for private equity firm Carlyle to make an offer for the British company. Chemring said today that the takeover panel had extended the deadline until 12 October “to enable the parties to continue their on-going discussions regarding a possible offer for the Company”. It [...]
South Yorkshire Police and FA under fire over Hillsborough September 13, 2012 SOUTH Yorkshire Police was last night considering referring itself to the Independent Police Complaints Commission (IPCC) over its conduct relating to the Hillsborough disaster, as the publication of previously classified files continued to generate shockwaves. The Football Association also found itself under the spotlight, with Labour MP Andy Burnham and families of the 96 Liverpool [...]
Hatton set for last hurrah September 13, 2012 BRITISH former two-weight world champion Ricky Hatton is today set to confirm plans for a comeback, more than three years after his last fight. The Mancunian, 33, has been granted a licence by the British Boxing Board of Control (BBBofC), subject to a medical. Robert Smith of the BBBofC said: “He looks fit and he [...]
Chelsea warn fans as Terry returns to QPR September 13, 2012 CHELSEA have issued a stark warning to fans about their behaviour in tomorrow’s powderkeg Premier League trip to QPR, as they prepare to return to the scene of last year’s race row between John Terry and Anton Ferdinand. It comes amid speculation that the traditional pre-match handshake could be scrapped, with QPR defender Ferdinand said [...]
Black vows to be even harder on GB stars than Van Commenee September 13, 2012 UK ATHLETICS’ new performance director Neil Black has warned Britain’s track and field stars that he will be even harder on them than controversial outgoing head coach Charles van Commenee. Van Commenee lived up to his reputation as an uncompromising taskmaster by falling on his sword earlier this week, having failed to meet his own [...]
