Relegation in danger of axe – managers’ chief October 17, 2011 OVERSEAS owners of Premier League clubs want to ringfence the top flight and abolish relegation, according to League Managers’ Association chief Richard Bevan. Such a move could only be passed if 14 of the 20 leading clubs voted in favour of the change, but Bevan believes that could happen if more foreign investors snap up [...]
BRICS to fund a larger IMF October 13, 2011 EMERGING market governments are keen to contribute to increase the capital base of the International Monetary Fund to help to rescue struggling states such as Greece. The leaders of the BRICS group of the largest emerging economies – Brazil, Russia, India, China and South Africa – are in favour of adding to the IMF’s capital [...]
Three Lions Euro hopes damaged by Rooney ban October 13, 2011 ENGLAND’S hopes of prospering at next summer’s European Champions were dealt a seismic blow last night when Uefa confirmed Wayne Rooney would serve a three-game ban as a result of the red card he received against Montenegro last week. The Manchester United striker was dismissed for kicking Miodrag Dzudovic in the 2-2 draw in Podgorica [...]
Demand for Burberry is still booming October 12, 2011 LUXURY goods group Burberry batted away fears of an economic slowdown in its key Chinese market yesterday as it unveiled forecast-beating results. Revenues for the three months to September hit £463m – above a forecast for £448m by a poll of analysts. Luxury goods stocks have fallen sharply in recent weeks on signs of an [...]
BP gets upper hand in Russian director lawsuit October 12, 2011 A RUSSIAN court is likely to throw out a $2.8bn (£1.8bn) lawsuit brought by a shareholder against two BP executives on the board of the oil major’s Russian joint venture, TNK-BP, after a judge denied the claimant more time to gather the necessary shareholder support. Andrey Prokhorov, a minority shareholder in TNK-BP, filed a claim [...]
Trapattoni’s Ireland benefit from Euro 2012 play-off seeding boost October 12, 2011 THE REPUBLIC of Ireland’s hopes of qualifying for Euro 2012 were given a major boost yesterday after Uefa confirmed Giovanni Trapattoni’s side as one of the seeded teams ahead of today’s play-off draw. Ireland secured second spot in Group B following Tuesday’s jittery 2-1 home win over Armenia and will now avoid the likes of [...]
WHAT THE OTHER PAPERS SAY THIS MORNING October 11, 2011 FINANCIAL TIMES MPS SET TO GRILL TAX OFFICIAL The UK’s top tax official is likely to be questioned by MPs today over leaked documents concerning the settlement of a tax dispute with Goldman Sachs. Dave Hartnett, permanent secretary for tax at Revenue & Customs, shook hands on a settlement last December that apparently waived a [...]
EURO 2012 | THE PERMUTATIONS October 11, 2011 Group winners: Germany, 3-1 winners over Belgium in Dusseldorf, Italy, who spoilt outgoing Northern Ireland manager Nigel Worthington’s farewell, Holland, England and Spain had already cemented their place at next summer’s tournament, alongside co-hosts Poland and Ukraine, before last night’s matches. Joining them will be France, who required a Samir Nasri penalty 12 minutes from time to [...]
WHAT THE OTHER PAPERS SAY THIS MORNING October 10, 2011 FINANCIAL TIMES TOUGH CARE HOME REGULATIONS PROPOSED The government is considering a series of tough regulations for residential care homes following the collapse this year of Southern Cross, the UK’s biggest home operator. The measures, outlined yesterday for consultation, include requiring companies to post capital upfront as a condition of their licence, and giving councils [...]
Adidas eyes growth in Russia October 10, 2011 German sporting goods company Adidas expects investment in its own stores and rising consumer spending in Russia to propel the region to becoming one of its top three global markets behind the US and China, it said yesterday. Adidas expects its sales in the Russia/CIS region to surpass €1bn by 2013, up from €786m last [...]