FOOTBALL TRADER June 20, 2010 THE biggest shock of World Cup 2010 so far has undoubtedly been tournament favourites Spain losing to Switzerland in their opening Group H game. Vicente del Bosque’s side didn’t play badly, but they didn’t show their normal cutting edge and it was a big surprise to see them fail to find the net. Honduras were [...]
WORLD CUP NEWS | IN BRIEF June 20, 2010 Kaita gets death threats NIGERIA officials say midfielder Sani Kaita is “terribly shaken” after receiving more than 1,000 death threats. Kaita received threats by email from angry Nigerians after he was sent off in their 2-1 defeat to Greece on Thursday. Spokesman Peterside Idah said: “The team is urging the authorities in Nigeria to take [...]
TONY HAYWARD: I AM DEEPLY SORRY June 17, 2010 TONY HAYWARD, BP’s embattled chief executive, yesterday sought to distance himself from the devastating Gulf of Mexico oil spill during a heated interrogation by Senators. Hayward, who appeared before the House energy and commerce sub-committee panel looking tired and worn-out, told Senators that all of the decisions made about the Macondo well, which is gushing [...]
Pay falls at fund star’s UK offices June 17, 2010 SALARIES have tumbled at the London branch of the hedge fund run by Paul Tudor Jones, the billionaire trader who earned cult status by predicting 1987’s Black Monday crash. Tudor Jones, who is worth an estimated $3.2bn (£2.2bn) after three decades at the top of one of the world’s most successful investment companies, is renowned [...]
Spending cuts total £10.5bn June 17, 2010 THE government yesterday cancelled £10.5bn of projects, which were signed off when Labour went on a last-minute spending spree in the run up to the general election. Danny Alexander, chief secretary to the Treasury, told the Commons his hand had been forced by the “irresponsible financial planning” of the previous government. He announced he was [...]
UK needs more creative destruction June 17, 2010 IT was Joseph Schumpeter, the great economist, who first understood that capitalism is a process of creative destruction. Every day, new firms are born with fresh ideas, talent and technologies; old firms die when they become unable to meet customers’ needs efficiently and fail to make a better use of resources than their rivals. Competition [...]
Three Lions hoping for better rub of the Green June 17, 2010 ENGLAND vs ALGERIA TODAY – 7.30PM ITV THE Three Lions’ opening performance against the USA was undoubtedly disappointing, but a number of the top teams have started with a whimper rather than a roar. The USA were always going to be the most difficult opponents in Group C and I hope some of you followed [...]
BT could face long strike June 17, 2010 THE Communication Workers Union said last night it was prepared for a lengthy strike at BT, as the telecoms firm took to contacting workers directly in an attempt to avert industrial action. Andy Kerr, the CWU’s deputy general secretary, said that he was willing to organise a protracted strike in order to improve upon BT’s [...]
LIKE FATHER, LIKE SON IN THE WORLD OF SPIN June 17, 2010 TO THE Kensington home of City slicker Roland Rudd, the boss of PR firm Finsbury, last night for his annual party, one of the highlights of the summer schmoozing circuit. Grandees of the worlds of business and politics were there in their droves for the event, including WPP boss Sir Martin Sorrell; Royal Bank of [...]
WHAT THE OTHER PAPERS SAY THIS MORNING June 17, 2010 FINANCIAL TIMES UGANDA TAX ROW DELAYS HERITAGE SALE OF OIL FIELD Uganda is insisting that Heritage Oil, the UK-listed oil explorer, must agree to pay $360m (£243m) in capital gains tax on the “super profits” it will make on a $1.35bn oilfields sale before it will sanction the deal. Uganda’s energy minister said the government [...]
