Fears US won’t deliver hit FTSE September 12, 2012 BRITAIN’S top shares retreated yesterday as optimism over a German constitutional court ruling in favour of the Eurozone’s new bailout fund faded, and investors focused on the possibility the US may not come up with eagerly anticipated stimulus. The FTSE 100 ended down 10.11 points, or 0.2 per cent, at 5,782.08, having risen as high [...]
Fears US won’t deliver hit FTSE September 12, 2012 BRITAIN’S top shares retreated yesterday as optimism over a German constitutional court ruling in favour of the Eurozone’s new bailout fund faded, and investors focused on the possibility the US may not come up with eagerly anticipated stimulus. The FTSE 100 ended down 10.11 points, or 0.2 per cent, at 5,782.08, having risen as high [...]
Cairns wins Modi libel case March 26, 2012 CRICKET: Former New Zealand captain Chris Cairns won £90,000 in libel damages in the High Court yesterday from Lalit Modi, after the ex-Indian Premier League chief alleged on Twitter Cairns had been involved in match-fixing. Modi must also pay £400,000 in costs.
Bankers win in €50m Dresdner bonuses trial May 9, 2012 MORE than 100 City bankers are set for a €52m (£41.8m) bonus payout after winning a landmark High Court case against their former employer. Commerzbank was wrong to deny the payouts to 104 investment bankers at Dresdner Kleinwort, which it bought in 2009, Mr Justice Owen said. The ruling will send tremors through London and [...]
Bankers win in €50m Dresdner bonuses trial May 9, 2012 MORE than 100 City bankers are set for a €52m (£41.8m) bonus payout after winning a landmark High Court case against their former employer. Commerzbank was wrong to deny the payouts to 104 investment bankers at Dresdner Kleinwort, which it bought in 2009, Mr Justice Owen said. The ruling will send tremors through London and [...]
Plot to bomb Fed Reserve foiled October 17, 2012 THE FBI last night arrested a man after he allegedly planned to blow up the New York Federal Reserve Bank. Officers swooped on the 21-year-old Bangladeshi national following an elaborate sting operation that involved an undercover agent providing him with a fake 1000-pound bomb. The FBI say Quazi Mohammad Rezwanul Ahsan Nafis travelled to the United States in [...]
Apple share drop erases market gains October 11, 2012 US stocks ended flat yesterday after gains brought by a sign of improvement in the labor market were erased in part by a drop in Apple shares after a legal setback in a court ruling. Apple fell two per cent to $628.10 after a US appeals court overturned a preliminary injunction on the sale of [...]
Focus On: Soho October 25, 2012 BEAK STREET, W1F Price: £3.99m This corner four-bedroom semi-detached house is located near Golden Square. It stretches six floors, has three kitchens and a basement, currently used as a bar, which can be put to other use. Contact Kinleigh Folkard & Hayward on www.kfh.co.uk or 020 3280 3541 HAT FACTORY AND BEAVER BUILDING, W1F Price: [...]
Patent blow for AstraZeneca March 22, 2012 The High Court has found the patent to be invalid on the extended-release version of Seroquel, AstraZeneca’s blockbuster antipsychotic, dealing a further blow to a highly profitable franchise. The ruling followed a patent challenge by units of Teva Pharmaceuticals and Novartis’s Sandoz – the two biggest generic drugmakers – as well as Accord Healthcare and [...]
Capital & Counties gets cash to help it expand Covent Garden September 19, 2012 PROPERTY group Capital & Counties (Capco) yesterday raised £149.1m to help fund its ambitious plans for Covent Garden. The firm placed 68.4m shares at 218p per share, or a 1.1 per cent discount to Tuesday’s closing price. Capco said the funds will be used to help fund its £200m plans to snap up more properties [...]