AT&T battle with US regulators may drag on for years September 1, 2011 AN epic court battle between the US government and AT&T is set to dominate the telecoms landscape, with sources close to the network saying it will not accept regulators blocking its $39bn (£24bn) bid for T-Mobile USA. AT&T’s general counsel said it plans to seek an expedited hearing from the judge. But the firm faces an [...]
Heritage Oil in buyback worth $100m April 26, 2011 UK OIL explorer Heritage Oil is planning a share buyback worth $100m (£60m), following a difficult few months for the company, which has seen its share price plummet and rival Tullow Oil launch a £313m lawsuit. Explorers rarely engage in buybacks because their business model usually involves spending their cash on finding new fields. “The [...]
WHAT THE OTHER PAPERS SAY THIS MORNING June 2, 2011 FINANCIAL TIMES FORMER TESCO CHIEF PUTS MONEY INTO NICOTINE A medical devices group developing non-tobacco nicotine delivery systems has won the backing of Sir Terry Leahy in the latest private investment by the former Tesco chief executive since he retired in March. Sir Terry has put an undisclosed sum behind Kind Consumer, a start-up that [...]
WHAT THE OTHER PAPERS SAY THIS MORNING June 2, 2011 FINANCIAL TIMES FORMER TESCO CHIEF PUTS MONEY INTO NICOTINE A medical devices group developing non-tobacco nicotine delivery systems has won the backing of Sir Terry Leahy in the latest private investment by the former Tesco chief executive since he retired in March. Sir Terry has put an undisclosed sum behind Kind Consumer, a start-up that [...]
WHAT THE OTHER PAPERS SAY THIS MORNING November 6, 2011 FINANCIAL TIMES GREEK BANKS ISSUE €6.4BN IN BONDS Three of Greece’s biggest banks have issued €6.4bn of government-guaranteed bonds likely to be used as security to obtain financing from central banks, a move that points to worsening market conditions amid talk of a disorderly Greek default. Alpha Bank, EFG and Piraeus on Friday issued the [...]
Garcia’s glory caps Europe’s stunning year October 31, 2011 IT HAS been a momentous year for European golf to say the least and Sergio Garcia’s return to winning ways is certainly among one of the many highlights. For its poignancy, and to an extent the surprise nature of it, you’d be hard pressed to look past Darren Clarke’s achievement of winning The Open as [...]
Garcia’s glory caps Europe’s stunning year October 31, 2011 IT HAS been a momentous year for European golf to say the least and Sergio Garcia’s return to winning ways is certainly among one of the many highlights. For its poignancy, and to an extent the surprise nature of it, you’d be hard pressed to look past Darren Clarke’s achievement of winning The Open as [...]
Tottenham target Newham in judicial review and mull second legal challenge April 13, 2011 TOTTENHAM have confirmed they are seeking a judicial review of Newham’s role in helping West Ham win the battle for the Olympic Stadium, as City A.M. revealed first last month. And it is understood the club is still considering launching a separate claim again legacy chiefs the OPLC, who chose the Hammers over Spurs as [...]
Banks fight refunds in £3.2bn payment protection ruling April 20, 2011 RETAIL banks were dealt a blow yesterday after the High Court rejected their judicial review, which protested the FSA’s implementation of what they say is “retrospective” justice. The decision could cost the industry up to £3.2bn in compensation paid out to customers whom the FSA says could have been mis-sold Payment Protection Insurance (PPI), cover [...]
Security and rescue services cleared over 7/7 deaths May 6, 2011 A coroner formally ruled on Friday that the 52 victims of the 2005 London suicide bombings were unlawfully killed, but cleared the security and rescue services of any responsibility for the deaths. Lady Justice Heather Hallett also ruled out any more inquests or inquiries into the worst-ever peacetime attacks on British soil. She said the [...]