Ponzi suspect Freeman surfaces at court hearing October 21, 2009 TERRY Freeman, the City trader suspected of running a £40m Madoff-style Ponzi fraud, was forced to come out of hiding to attend a bail hearing yesterday. Freeman, 61, was remanded on conditional bail to appear at City of London Magistrate’s court again on 28 October. The former foreign exchange trader was arrested at his house [...]
Ferguson expects United to thrive on plastic pitch October 20, 2009 MANCHESTER UNITED boss Sir Alex Ferguson insists he is not worried about playing CSKA Moscow tonight on an artificial surface. United are looking to maintain a perfect start to their Champions League campaign in the Russian capital, where they won the trophy against Chelsea in 2008. That match was played on grass but this evening’s [...]
Whatever your view on the market there are tools to take advantage October 19, 2009 RECESSION or recovery? Deflation or inflation? New bull market or dead-cat bounce? These are the issues which have dominated investors’ attention throughout the first nine months of the year. Equities have plunged and rallied, yields on government bonds have blown out and contracted sharply, while commodity prices have soared and sterling and the dollar have [...]
West End delivers boost for London sales growth October 18, 2009 LONDON retail sales in September had their strongest growth since August last year due to a wave of renewed consumer confidence, according to figures out today from the London Retail Consortium. Retail sales in central London were 7.5 per cent higher on a like-for-like basis in September than a year ago, when sales nosedived to [...]
WHAT THE OTHER PAPERS SAY THIS MORNING October 18, 2009 THE SUNDAYSThe Sunday Telegraph £5.5BN PLAN FOR POWER STATIONA £5.5bn planning application, the largest ever in central London, will be made today when Ireland’s Real Estate Opportunities and Treasury Holdings reveal their blueprint for the redevelopment of Battersea Power Station. Plans for the mixed commercial and residential site, which developers say will be as iconically [...]
Russia to raise $18bn by bond October 18, 2009 RUSSIA is to launch its first international bond in a decade in a bid to boost its public finances. Russia, which last issued a bond aimed at international investors in 2000, has signalled plans to raise up to $18bn (£11bn) in dollar-denominated securities in the first quarter of next year as the cost of borrowing [...]
WHAT THE OTHER PAPERS SAY THIS MORNING October 15, 2009 FINANCIAL TIMES BUYERS AWAIT DYSON’S FANSSir James Dyson, champion of British industrial design, has launched his latest invention aimed at catapulting the conventional electric desk fan into the 21st century. His “Air Multiplier” fan boasts reduced energy consumption and no external blades. But fans of Dyson inventions must wait several weeks for the fan to [...]
LDV sold to chinese car firm October 15, 2009 LDV, the Birmingham van maker, has been sold by administrators to a Chinese engineering firm Eco Concept for an undisclosed sum. Eco Concept is led by Dr Qu Li, the Chinese consultant who worked for the Phoenix Four during their ownership of MG Rover. LDV was backed by Russian oligarch Oleg Deripaska but collapsed into [...]
RUSSIA AND CHINA INK DEALS October 13, 2009 RUSSIAN and Chinese companies have signed deals worth $3.5bn (£2.2bn) during Russian Prime Minister Vladimir Putin’s visit to Beijing, where he was hosted by Chinese premier Wen Jiabao. The deals included a $500m loan from the Agricultural Bank of China to Russia’s second biggest lender VTB.
Standard goes free from today October 11, 2009 The London Evening Standard will today become a free newspaper and double its circulation, a move that has already led to record ad revenues. The 182-year-old title announced earlier this month that it would drop its 50p cover charge and increase the number of copies it prints to 600,000 per day, in what many have [...]