US and Chinese firms could flee City if EU rules are not changed July 9, 2012 THE CITY could take a major hit if planned EU derivatives rules are forced through, an influential House of Lords committee warned today, as international investors could be driven out of the UK and EU. The markets in financial instruments directive (Mifid 2) “could lock third country firms out of the EU markets, which would [...]
OLIGARCHS TRADE BLOWS IN COURT BATTLE July 9, 2012 A RIVAL oligarch has accused billionaire Oleg Deripaska of “telling lies on a grand scale” to sidestep a 2001 contract over a stake in RUSAL, the world’s top aluminium producer, the High Court heard yesterday at the start of a multi-billion-dollar legal battle. Businessman Michael Cherney accuses Deripaska of “re-writing history” to erase their partnership, [...]
JJB Sports fails to score as Euro 2012 sales drag July 9, 2012 SPORTSWEAR RETAILER JJB blamed poor summer weather and disappointing sales of football shirts during the European Championship for a profit warning yesterday, which sent shares tumbling more than 24 per cent. The company warned “sales have fallen materially short of expectations”, after consumer demand for replica football kit during Euro 2012 “did not materialise to [...]
Consumers cool on buying replica kit July 9, 2012 YOU can buy plenty of all-weather gear from the JJB Sports website, but that didn’t help the retailer’s performance in May and June, which yesterday it partly put down to the dismal summer weather. With its shares falling off a cliff on the news, down almost 25 per cent over the day, markets clearly aren’t [...]
Boeing wins Air Lease order July 9, 2012 US planemaker Boeing landed the first blow at the Farnborough Airshow yesterday, winning an order worth up to $7.2bn from US lessor Air Lease, as a market share battle with its European rival Airbus plays out. The order is for 75 of its fuel-efficient 737 Max jets.
Betfair takes on Cyprus July 9, 2012 Betfair is considering legal action against Cyprus after the country unveiled regulations to restrict online gambling that could adversely affect the gaming operator. Shares in Betfair, which relies on Cyprus for four per cent of its revenues, lost five per cent in early trading yesterday before regaining by the close of play.
Mind Candy snaps up Origami Blue July 9, 2012 Mind Candy, the company behind children’s game Moshi Monsters, yesterday announced its first acquisition, Brighton-based games studio Origami Blue. Set up by ex-Disney Blackrock studio creatives, the Origami team will work on Mind Candy’s new project Candy Labs, an innovation studio. The financials were not disclosed.
Competition regulators look at LSE July 9, 2012 The Office of Fair Trading (OFT) said yesterday it is looking at the acquisition of LCH.Clearnet by the London Stock Exchange. The LSE won approval to take a majority stake in the Anglo-French clearing house in April, after offering €20 a share. The OFT will decide if the deal will affect competition in any market.
I only spotted Terry rant on web, says Ferdinand July 9, 2012 QPR footballer Anton Ferdinand only realised former England captain John Terry had aimed racial abuse at him during a match when he was shown a YouTube clip of it by his girlfriend hours later, a court heard yesterday. Ferdinand had until then not seen or heard Chelsea skipper Terry call him a “f****** black c***”, [...]
Wiggins cites work as secret to success as Brits impress on Tour July 9, 2012 GREAT Britain’s Bradley Wiggins vowed the extension of his lead during stage nine of the Tour de France vindicated all of the training he and his team had undergone in order to prepare for the event. Wiggins finished 35 seconds ahead of compatriot and team-mate Chris Froome after clocking 51 minutes and 24 seconds on [...]
