Lloyds left 1.3bn out of pocket from Kenmore demise and Admiral swap November 15, 2009 Kenmore Property Group, which collapsed into administration last week, owes more than £700m to Lloyds Banking Group. Kenmore, which controlled £1.8bn of assets, was put into administration last Thursday by Grant Thornton, after becoming incapable of meeting any of its existing business obligations as a result of falling home sales. Owned by one of Scotland’s [...]
US threatens to kick BP off spill clean-up May 23, 2010 US OFFICIALS have warned they could remove BP from efforts to seal the well currently spewing oil into the Gulf of Mexico, if the oil giant doesn’t do enough to plug the leak. Ken Salazar, the US interior secretary, said yesterday that the US government is becoming increasingly frustrated and angry that BP has missed [...]
Q&A: WHAT DO THE LIB DEMS WANT? May 10, 2010 Q. WHATARE THE LIB DEMS ASKING FOR? A. Nick Clegg says consensus on how to deal with the national budget deficit and electoral reform are the biggest issues to be ironed out before he will agree to a power sharing deal. Q. WHAT TYPE OF ELECTORAL REFORM? A. Clegg and the Lib Dems are both [...]
Gulf efforts faced with more delays June 2, 2010 BP’S RESPONSE team faced further delays yesterday as the latest attempt to plug a well leaking oil into the Gulf of Mexico were met with a snag. An underwater saw used to sever a pipe from the damaged blow out preventer currently sitting on the seabed became lodged in the pipe, creating further disruption to [...]
Cocktail hats for Ascot… and every other day May 20, 2010 CHANCES are, when you meet Sahar Freemantle you will be slightly stopped in your tracks. Not only is she a striking combination of an Iranian mother and English father (hence the name), she will probably be wearing bright red lipstick and a cocktail hat. And, being a cocktail hat designer, it’ll probably be one of [...]
BP’s a great company. I know. I worked there June 10, 2010 TRYING to defend BP during the last six weeks has been a lonely and isolating experience. As a former employee I have been accused of being biased or emotionally attached. But having seen posts on US websites demanding all BP employees be thrown into jail, it’s hard not to take the world’s hatred of my [...]
Get a lunchtime appetite for running in the #4miler August 1, 2010 EVER thought about upping your fitness levels but just can’t find enough hours in the day? Well, here is an initiative just for you. City.A.M have teamed up with Garmin, leaders in satellite navigation, to bring you the #4miler – giving City workers the chance to reclaim their lunch hours by keeping fit in a [...]
Schwarzer heroics rescue tired Fulham April 22, 2010 HAMBURG (0) v/s FULHAM (0) FULHAM goalkeeper Mark Schwarzer admitted the West Londoners had been drained by an epic coach journey to Germany after holding Hamburg to a draw in the first leg of their semi-final. Schwarzer excelled, making several crucial saves, as the Cottagers came through a testing 90 minutes that they spent mainly [...]
Let Fabregas move on, says Merson May 19, 2010 ARSENAL legend Paul Merson believes it is inevitable that Cesc Fabregas will return to Barcelona this summer and insists the captain deserves credit for being honest with the club about his desire to move. But he warns the Gunners squad needs a complete overhaul during the close season and fears that the departure of Fabregas [...]
Capello set to run rule over fringe stars May 23, 2010 ENGLAND vs MEXICO live on ITV1, kick-off 8pm IF the World Cup constitutes the greatest stage, then England’s players can consider tonight’s friendly their final audition for a leading role. Head coach Fabio Capello will use the meeting with Mexico to test the condition and form of a handful of players as he looks to [...]