UK set to miss poverty targets October 10, 2011 Pegging state benefits to a lower measure of inflation will contribute to a rise in poverty, the Institute for Fiscal Studies (IFS) is expected to argue today. The IFS forecasts absolute child poverty to reach 23 per cent by 2020-21, drastically missing the state’s “supposedly legally binding target” of five per cent. The UK’s dire [...]
CITY MOVES | WHO’S SWITCHING JOBS October 10, 2011 Man Group Man Group, Europe’s largest hedge-fund, has appointed Nina Shapiro as non-executive director. Shapiro previously held senior roles within the World Bank and was Vice President, Finance and Treasurer of the International Finance Corporate from 2000 to 2011. After joining the World Bank in 1978, Shapiro held posts including director of project finance and also [...]
BEST OF THE BROKERS October 10, 2011 MITCHELLS & BUTLERS Numis rates the pub group “hold” with a 250p target price due to M&B’s uncertain future with just a week to go before Joe Lewis’ investment vehicle Piedmont must submit a formal offer. Management has rejected his 230p per share bid, but it could be accepted if major investors Elpida and Smoothfield [...]
FTSE hits a five-week high on optimism over debt talks October 10, 2011 BANK and commodity stocks hoisted Britain’s top shares to a five-week closing high yesterday, on mounting optimism over the prospects for a solution to Europe’s debt crisis after a weekend meeting of French and German leaders. The FTSE 100 ended up 95.60 points, or 1.8 per cent, at 5,399.00, after Nicolas Sarkozy and Angela Merkel [...]
Banks lead US stock hike October 10, 2011 US stocks jumped per cent yesterday, extending gains into a second week as a pledge by German and French leaders boosted hopes that the Eurozone debt crisis may be resolved. Financials led the rally. The KBW bank index jumped 5.3 per cent, with JPMorgan Chase & Co up 5.2 per cent and Bank of America [...]
Tuilagi ferry leap was just a bit of banter, claims Youngs October 10, 2011 ENGLAND scrum-half Ben Youngs has defended under-fire team-mate Manu Tuilagi by laughing off his infamous leap from an Auckland ferry boat as nothing more than “a bit of banter”. Samoan-born centre Tuilagi was fined £3,000 and warned about his future conduct by embattled England manager Martin Johnson for the incident which saw the 20-year-old repirmanded [...]
Fowler’s emergence good for the game October 10, 2011 IT WAS a weekend of maiden victories with two players, whose career trajectories could not be more contrasting, enjoying landmark successes. I was delighted for Englishman Lee Slattery, who clung on to secure the Madrid Masters. It’s sometimes easy to forget there are guys out there battling for their livelihoods and clinging to their tour [...]
Man United’s latest signing: Club spend £8m on snapping up land October 10, 2011 IT IS not quite the glamour signing that supporters crave, but Manchester United have dipped into their coffers and splashed the cash – on acquiring land around Old Trafford. The club have paid £8.2m for a one-acre site directly opposite the stadium, an estate of seven industrial units and a 177,000 sq ft warehouse. All [...]
BLUE TUBE | City’s web video deal October 10, 2011 MANCHESTER CITY have stepped up their quest for global domination by becoming YouTube’s first Premier League content partner. The move allows City to manage advertising around their online video clips, which do not include match action, and is part of their plan to increase their digital presence.
Keane injury adds further complications for Ireland October 10, 2011 REPUBLIC of Ireland striker Robbie Keane has been ruled out of tonight’s pivotal Euro 2012 qualifier against Armenia at the Aviva Stadium. Giovanni Trapattoni’s side need just a point to guarantee a play-off spot, but victory coupled with Andorra securing an unlikely win over Russia would see Ireland qualify outright for their first major tournament [...]
