Bwin hit by predictable Euro 2012 results July 10, 2012 Bwin.Party Digital Entertainment, the world’s largest listed online gaming group, said a run of predictable results in the Euro 2012 championship marred a solid performance in its casino and bingo operations in the second quarter. The company said its trading performance since the beginning of April was broadly in line with expectations, with solid performances [...]
Galliford buoyed by private home sales July 10, 2012 Homebuilder Galliford Try sold more homes at higher prices in its private housebuilding segment for the full year, largely benefiting from its focus on the south of England, and said the UK housing market has been stable. Completions including those from joint ventures rose 40 per cent to 3,039 units during the year. Of these, [...]
June house prices in fastest drop since October July 10, 2012 British house prices fell last month at their fastest pace since October as demand failed to pick up and the number of properties being put up for sale dropped off, a survey showed on Tuesday. The Royal Institute of Chartered Surveyors’ (RICS) seasonally adjusted house price balance fell to -22 from a downwardly revised -17. [...]
Asos first quarter sales rise by 31 per cent July 10, 2012 Online fashion retailer ASOS posted a 31 per cent rise in first-quarter retail sales, buoyed by a strong performance in the United States and Australia and an improving UK. The retailer, which targets young women wanting to emulate the designer outfits of celebrities, said on Tuesday retail sales rose to 137 million pounds in the [...]
Marks & Spencer hit by summer rains July 10, 2012 Retailer Marks & Spencer posted its worst underlying quarterly sales performance for three and a half years after the wettest April and June since records began hammered trade in womenswear. The firm, which sells clothes, footwear and homewares as well as upmarket foods, also said on Tuesday that the head of its non-food business Kate [...]
Tucker: I did not tell Barclays to rig rate July 9, 2012 PAUL Tucker, the deputy governor of the Bank of England, yesterday denied claims that members of the Labour government pressured him to encourage Barclays to lower its Libor interest rate submissions in 2008. “Absolutely not,” he said when asked to say whether government officials had asked him to “lean on Barclays” at the height of [...]
Heywood emails reveal a rising panic on key rates July 9, 2012 CABINET secretary Sir Jeremy Heywood was in frequent contact with the Bank of England over the Libor rate during the height of the financial crisis, according to emails revealed yesterday. Correspondence from 2008 between Sir Jeremy, then principal private secretary to chancellor Gordon Brown; Bank of England deputy governor Paul Tucker, then the central bank’s [...]
Osborne and Tucker have both been damaged by Libor row July 9, 2012 THERE will be two immediate consequences from Paul Tucker’s grilling by MPs yesterday. The first is that George Osborne has just been plunged into a political crisis of his own making; his strategy to implicate senior Labour party figures such as Ed Balls and Shriti Vadera has backfired spectacularly. Tucker, the Bank of England’s deputy [...]
WHAT THE OTHER PAPERS SAY THIS MORNING July 9, 2012 FINANCIAL TIMES Morgan Stanley sheds staff as transactions fall Morgan Stanley will this week complete a round of job cuts that will ultimately see the company shed 100 sales and trading staff, underscoring what is expected to prove a dismal second quarter for Wall Street banks. The cuts are across Europe, the Middle East and [...]
Mitsubishi UFJ sacks traders as probe hots up July 9, 2012 TWO traders in London have been suspended by Japanese bank Mitsubishi UFJ as regulators extend their investigations into the alleged fixing of benchmark interest rates. Both traders previously worked at Rabobank, one of several banks being probed. They were confirmed as having been struck off last week, Bloomberg reported late last night. A spokesperson for [...]
