BETFAIR’S IRON LADY IS ON HER LAST LEG July 31, 2011 FOUR down and one to go. No, not the number of top-level scalps claimed by the News Corp scandal, but the feats of endurance completed by Betfair’s Susannah Gill, the Iron Lady of the City, as part of her five-part “ultimate challenge” between April and September. Gill, who is making the original iron woman Margaret [...]
WHAT THE OTHER PAPERS SAY THIS MORNING July 26, 2011 FINANCIAL TIMES LAW FIRM STOPS WORK ON INQUIRY INTO PHONE HACKING BCL Burton Copeland, the law firm, is no longer advising News International about an investigation into phone hacking. The firm stopped working for NI, which publishes Rupert Murdoch’s UK newspapers, last week, insiders familiar with the situation said, after it was called in at [...]
Political fears drag down Wall Street July 26, 2011 The stalemate in US debt talks dragged down stocks for a second day yesterday, and light volume showed investors remained reluctant to make bets despite another round of healthy earnings. Declining issues solidly outpaced advancing ones, even though major averages showed mostly modest declines. A failure to raise the US debt limit by an 2 [...]
Lazy man yoga is great for you – without the sweat July 25, 2011 IN the event, lazy man yoga doesn’t have an awful lot to do with yoga. It turns out to be more like a post-workout stretch session. There are no floor-mats, no mantras and no dogs, downward-facing or otherwise. There’s a lot of stretching, but it’s more or less done for you by your therapist who [...]
Norway death toll continues to climb to 93 July 24, 2011 NEO-NAZI sympathiser Anders Behring Breivik yesterday admitted carrying out both the shooting spree on a Norwegian island youth camp and the Oslo bombing, which have so-far claimed 93 lives. At least four more people are missing, with police still recovering bodies from the icy water surrounding the island of Utøya and offices around the bomb [...]
CITY MOVES | WHO’S SWITCHING JOBS July 24, 2011 ASHCOURT ROWAN The wealth management group has appointed Jeremy Rance, its chief operating officer, as an executive director. Rance, 48, joined Ashcourt Rowan as director of planning in June last year. He led the negotiations on the acquisition of the Co-op Independent Financial Adviser business in October 2010. Rance was appointed as chief operating officer [...]
CYCLISTS AND SUITS NEED NOT BE AT WAR WITH EACH OTHER July 24, 2011 TENSIONS between the City’s suits and its many cyclists – from couriers to tourists – have reached boiling point, The Capitalist hears. One disgruntled cyclist pulled over recently on Bishopsgate has been in touch to relay exactly why it is that City of London cops are out in force, lurking under trees and behind lamp-posts, [...]
Microsoft profits up 30pc but market frets over PCs July 21, 2011 MICROSOFT posted a 30 per cent rise in its fourth-quarter profit yesterday, smashing market forecasts, as sales of its Office software and Xbox games consoles continued to soar. Revenues hit a record high of $17.4bn (£10.8bn), up eight per cent from the same quarter in 2010, while net profit was $5.9bn, up from $4.52bn in [...]
BofA falls to worst loss in its history July 19, 2011 BANK of America yesterday reported its biggest-ever quarterly loss – $8.8bn (£5.46bn) – as low interest rates squeezed lending margins at the largest US bank. The loss was widely expected after the bank said in June that it settled with mortgage bond investors for $8.5bn and was taking more than $14bn of other home loan-related [...]
Miners lead FTSE up as China injects confidence July 13, 2011 The FTSE 100 bounced back today despite the deepening Eurozone crisis which has seen Ireland’s credit rating downgraded to junk by ratings agency Moody’s. Miners led the fight back on the blue chip index while investors across Europe were given a boost by positive economic data from China. Its GDP rose 9.5 per cent in [...]