FTSE crashes to lowest level in 11 months on Euro turmoil August 4, 2011 BRITAIN’S top share index tumbled and closed lower for the fifth consecutive trading day yesterday, depressed by global growth concerns and sovereign debt worries ahead of key US jobs data. Inmarsat shares plunged 19.3 per cent, hitting their lowest level in more than two and a half years after the satellite operator abandoned growth forecasts [...]
WHAT THE OTHER PAPERS SAY THIS MORNING August 30, 2011 FINANCIAL TIMES DISPUTE ERUPTS OVER CONTROL OF LIBYA’S $65BN SOVEREIGN FUNG A dispute has erupted over control of Libya’s $65bn (£40bn) sovereign wealth fund, as the national transitional council attempts to maintain stability in the nation. Several NTC members have contested the authority of Mahmoud Badi, who is probing corruption at the Libyan Investment Authority. HONG [...]
US sues BP for $21bn in fresh Gulf spill lawsuit December 15, 2010 THE US government said yesterday it would sue BP for $21bn (£13.5bn) alongside four other companies tied to the Gulf of Mexico oil spill in August, for violating US environmental laws, in the opening salvo in what will likely be a lengthy legal battle. If successful the damages from the lawsuit would be on top [...]
JUST THE TICKET August 29, 2011 Archery Venue: Royal Artillery Barracks Dates: Thursday 30 August – Wednesday 5 September 2012 Medal events: 9 Athletes: 140 (88 men, 52 women) Ticket prices: £5 to £10 Athletics Venues: Olympic Stadium (track and field events); The Mall (road events) Dates: Friday 31 August – Sunday 9 September 2012 Medal events: 170 Athletes: 1,100 (740 [...]
Beazley drops £180m bid for its rival Hardy December 14, 2010 LLOYDS of London insurer Beazley withdrew its £180m offer for rival Lloyds firm Hardy Underwriters yesterday after failing to win an agreed deal and said it might now return cash to investors. In a brief statement issued yesterday, Beazley said it had submitted a final offer of up to 350p per share for Hardy but [...]
Beazley drops £180m bid for its rival Hardy December 14, 2010 LLOYDS of London insurer Beazley withdrew its £180m offer for rival Lloyds firm Hardy Underwriters yesterday after failing to win an agreed deal and said it might now return cash to investors. In a brief statement issued yesterday, Beazley said it had submitted a final offer of up to 350p per share for Hardy but [...]
Mayor backs £600m bond for Crossrail July 3, 2011 THE Mayor of London Boris Johnson has launched a £600m bond to finance the construction of Crossrail. Issuing the bond will help the Greater London Authority (GLA) fund its £4.1bn investment in the £14.8bn project to build the new rail link, which will connect east and west parts of the capital. London will be the [...]
WHAT THE OTHER PAPERS SAY THIS MORNING August 11, 2011 FINANCIAL TIMES LI & FUNG UPBEAT OVER THE GLOBAL ECONOMY Li & Fung, the Hong Kong-headquartered sourcing company for retailers such as Walmart and Debenhams, sounded an upbeat note on Thursday, asserting that business conditions were “not at all” like those in 2008”, despite the current uncertainty over prospects for the global economy. Bruce Rockowitz, [...]
Banks lead FTSE fight back July 19, 2011 The FTSE 100 fought back on opening today with banks recovering some of the ground they lost yesterday after the Eurozone debt crisis and US economic uncertainty sapped confidence. Following a grim session the financial sector found its feet today, clawing back losses which were partly triggered by analysts criticising European bank stress tests. Barclays [...]
ABERDEEN SETS SAIL FOR COWES IN STYLE August 4, 2011 THE RECEIVED wisdom about sailing is that it is equivalent to “standing under a cold shower tearing up £20 notes”. Make that “standing under a fire hydrant tearing up £50 notes” and the description is spot on, said double gold-winning Olympian Sarah Gosling, as she sheltered from the rain in Bow Churchyard outside Aberdeen Asset [...]