FTSE falls as Italian bond yields take toll November 14, 2011 European markets were jittery as investors watched a radical overhaul of the political hierarchies in Italy and Greece aimed at ushering in a new economic dawn in the Eurozone. Italy’s president asked former European commissioner Mario Monti on Sunday to form a government, while Greece’s new Prime Minister Lucas Papademos, a former central banker who [...]
Rival Ali leads tributes to ‘great champion’ Smokin’ Joe Frazier November 8, 2011 MUHAMMAD ALI, whose captivating rivalry with Joe Frazier defined both of their remarkable careers, last night paid tribute to his former foe, who died yesterday aged 67 after a battle with liver cancer. Frazier became the first man to beat Ali when he defended his world titles against him in 1971, but he will equally [...]
Lievremont happy to shun flair in bid to end on a high October 20, 2011 FRANCE coach Marc Lievremont insists he will be delighted to disappoint the purists if it means causing a major upset in Sunday’s World Cup final against New Zealand. Les Bleus, the overwhelming underdogs, have won few admirers with their style of play in an improbable run to the tournament’s climax in Auckland. But Lievremont, who [...]
A strong US performance boosts Aegis November 1, 2011 Advertising giant Aegis yesterday outperformed the industry, smashing analyst growth forecasts. The UK firm was buoyed by a strong performance in the US, where rivals including WPP have struggled in the last three months. It posted organic revenue growth of 11.2 per cent, compared with analyst forecasts of 7.5 per cent. Aegis said it expects [...]
A strong US performance boosts Aegis November 1, 2011 Advertising giant Aegis yesterday outperformed the industry, smashing analyst growth forecasts. The UK firm was buoyed by a strong performance in the US, where rivals including WPP have struggled in the last three months. It posted organic revenue growth of 11.2 per cent, compared with analyst forecasts of 7.5 per cent. Aegis said it expects [...]
TAXPAYERS PETITION FOR PRIVATISATION OF THATCHER’S FUNERAL December 22, 2011 WHICH investment bank will underwrite the ticket sales at Margaret Thatcher’s privatised funeral? The Capitalist only asks because, as of last night, more than 14,000 people had signed up to the e-petition posted by Scott Morgan declaring that the Iron Lady’s state funeral should be funded and managed by the private sector. After all, Baroness [...]
There’s no middle way: Stretch or be squeezed November 24, 2011 THE Oxford English Dictionary has declared Ed Miliband’s phrase “the squeezed middle” its word of the year. Yes, it’s a phrase, not a word, and let’s set aside how tricky writing the definition must have been, given that Miliband’s concept of the middle appears to reach over the whole population except for far extremes of [...]
There’s no middle way: Stretch or be squeezed November 24, 2011 THE Oxford English Dictionary has declared Ed Miliband’s phrase “the squeezed middle” its word of the year. Yes, it’s a phrase, not a word, and let’s set aside how tricky writing the definition must have been, given that Miliband’s concept of the middle appears to reach over the whole population except for far extremes of [...]
Bursting the Eurozone’s AAA rated bubble December 13, 2011 WITH the long-term health of the AAA-ratings of the core Eurozone countries looking shaky at best, is it going to be a case of last man standing for Europe? And will the credit ratings agencies end up deciding the direction of the haven currency flows? Sarkozy has been telling anyone who will listen that, should [...]
Markets choppy on Eurozone fears November 10, 2011 The FTSE 100 opened down today as Italy’s deepening debt crisis threatened to topple the Eurozone and plunge the world economy into uncharted waters. The cost of borrowing on Italian government bonds jumped to seven per cent yesterday — a level considered unsustainable by economists. Italy today launches an auction of as much as €5bn [...]