Murphy and Benjamin ruled out September 19, 2012 ■ RUGBY UNION: Leicester’s Geordan Murphy and Miles Benjamin are respectively injured for three to four weeks and up to four months.
FSA flagged up Diamond flaws September 19, 2012 BOB Diamond and Barclays chairman Marcus Agius were both warned in 2010 that the bank’s new chief executive could be undermined by the Libor-fixing investigation, according to official documents published yesterday. But the bank and the Financial Services Authority (FSA) still declared Diamond a suitable person to run a major bank, allowing him to take [...]
US tycoon puts The O2 up for sale September 19, 2012 AMERICAN billionaire Philip Anschutz has put the entertainment group that owns The O2 and a string of US venues and sports teams up for sale. Anschutz Entertainment Group (AEG) operates the music venue – the world’s most successful by ticket sales – on a long-term lease from the government. Parent company Anschutz Corporation yesterday said [...]
How one ticking economic timebomb is being slowly defused September 19, 2012 ONE of the greatest imbalances at the heart of the global economy is that many Western nations have been consuming too much and producing too little. There is nothing wrong with imports. Protectionism is always wrong. But over time imports need to be paid for, either by exports, or from the proceeds of external investments, [...]
Nick Clegg apologises for pre-election fees pledge September 19, 2012 NICK Clegg last night issued an apology for his pre-election promise to oppose any rise in student tuition fees, saying it had been “a mistake”. In a video message he said: “We made a pledge, we did not stick to it, and for that I am sorry.” “It was a pledge made with the best [...]
What the other papers say this morning September 19, 2012 FINANCIAL TIMES Push to relax terms of tech IPOs A push to make it easier for high-growth technology companies to list in London will be launched by the government today. Ministers will put forward proposals including relaxing listing rules on the London Stock Exchange, allowing companies to list as little as 10 per cent of [...]
Government to help start-ups beat red tape September 19, 2012 START-UP companies in innovative sectors will have assistance to avoid regulations designed for established firms, the government will announce today. It will task an independent committee with identifying rules that hinder so-called “challenger businesses”, mainly in the technology sector, that often have unusual working practices but help economic growth. “Challenger businesses create wealth and jobs [...]
Universal to get EMI go-ahead September 19, 2012 ■ Universal Music Group is set to win EU approval for its $1.9bn (£1.1bn) purchase of British record label EMI as early as this week, after agreeing to sell off some assets. The combined group would include a vast library of current top-selling and legendary names including Jay-Z, Katy Perry and Pink Floyd. Critics have [...]
Nasdaq defends Facebook plan September 19, 2012 ■ America’s Nasdaq stock exchange has defended its plan to offer $62m (£38m) to firms who were affected by its botched float of Facebook. Nasdaq told US regulators that the proposed compensation “goes well beyond what is required under current Nasdaq rules.” Major market makers and broker dealers say they lost upward of $500m because [...]
Banks warned of cyber threat September 19, 2012 ■ A financial services industry group warned banks yesterday to be on heightened alert for cyber attacks after Bank of America and JP Morgan Chase experienced unexplained outages on their public websites. The warning, from the US Financial Services Information Sharing and Analysis Center, cited “recent credible intelligence regarding the potential” for cyber attacks as [...]
