Banks fuel FTSE gains but Eurozone picture darkens June 27, 2012 Banks fuelled modest gains on the FTSE 100 in early trading but investor confidence remained weak overall as the Eurozone’s leaders failed to offer any evidence of a path to recovery for the bloc. Disagreements between the region’s policymakers over how to deal with the turmoil are weighing on investors’ confidence ahead of a European [...]
EU regulators give green light to Bankia state aid June 27, 2012 Spanish lender Bankia gained temporary approval for its state bailout, but Spanish authorities will need to present a restructuring plan within six months to offset this support, the European Commission said on Wednesday. The EU executive said the state aid included a conversion of existing state-owned preference shares of 4.465bn euros into equity and a [...]
New property adviser sets up in Square Mile June 27, 2012 A new adviser in the residential property sector has set up in the Square Mile. Centrus will provide advice and solutions in treasury, debt capital markets, corporate finance and institutional funding. The Centrus team brings together some of the leading figures in UK housing finance. The company is led by Phil Jenkins who has more [...]
Judge halts sale of Samsung Galaxy Tab in US June 27, 2012 A US judge backed Apple Inc’s request to stop Samsung Electronics selling its Galaxy Tab 10.1 tablet in the United States, giving the iPhone maker a significant win in the global smartphone and tablet patent wars. Samsung’s Galaxy touchscreen tablets, powered by Google’s Android operating system, are considered by many industry experts to be the [...]
StanChart profit growth to slow June 27, 2012 Standard Chartered said on Wednesday it expects pretax profit in the first half of this year to grow by less than 10 per cent, slowing from previous years as growth in Asia eases and local currencies weaken against the dollar. Income growth in January-June was also expected to slow to below 10 per cent, it [...]
Falling tax receipts show that we’ve forgotten Laffer’s lesson June 27, 2012 SOMETHING very worrying is happening to the UK’s public finances. Income tax and capital gains tax receipts fell by 7.3 per cent in May compared with a year ago, according to official figures. Over the first two months of the fiscal year, they are down by 0.5 per cent. This is merely the confirmation of [...]
Majestic Murray starts in style as Brits impress at Wimbledon June 26, 2012 BRITISH No1 Andy Murray revealed his delight at his stunning start to Wimbledon after ruthlessly dismissing Russia’s Nikolay Davydenko to underline his potential to challenge for a first grand slam title. Murray defeated Davydenko 6-1, 6-1, 6-4 on Centre Court to dissolve remaining doubts about his fitness and form after a shock early exit from [...]
Sprint hope Gemili’s Games green light June 26, 2012 TEENAGE sprinting revelation Adam Gemili has ended doubts over his participation in this summer’s London 2012 Olympics be declaring he is mentally ready to carry the home nation’s 100m hopes. Gemili’s coach warned at the weekend that the Games may have come too soon for the 18-year-old, whose sudden rise to prominence and competitive schedule [...]
Koscielny convinced me to join Arsenal, says £13m Giroud June 26, 2012 FRANCE forward Olivier Giroud has told how international colleague Laurent Koscielny talked him into joining Arsenal, after completing his £13m transfer from Montpellier yesterday. Giroud, who topped the scoring charts and won the French top-flight title last season, discussed a possible move to north London with Gunners centre-back Koscielny while together at Euro 2012 this [...]
Rueful Robson out after lead turns to loss June 26, 2012 BRITISH teenager Laura Robson lamented a lost opportunity after squandering the chance to seal a sensational victory over former French Open champion Francesca Schiavone. Robson lost 2-6, 6-4, 6-4 to the 24th seed after a medical time-out for Schiavone, with the former Wimbledon junior champion one set up and with break points in the second, [...]
