Prosecutors close to making Libor arrests July 22, 2012 US PROSECUTORS and European regulators are close to arresting individual traders over the Libor scandal and charging them with colluding to manipulate global benchmark interest rates, according to people familiar with the investigation. Federal prosecutors in Washington DC have recently contacted lawyers representing some of the individuals under suspicion to notify them that criminal charges [...]
JP Morgan stock plummets after reports of bigger trade losses June 28, 2012 SHARES in JP Morgan plunged 2.45 per cent yesterday on reports that its London Whale derivatives trading loss could end up costing the bank much more than first thought. JP Morgan, which declined to comment, said it expected to lose at least $2bn on a bungled credit derivatives trade when it disclosed the position in [...]
Markets jump as ECB hints at more support for Spain July 26, 2012 EUROPEAN markets soared yesterday after European Central Bank boss Mario Draghi promised he would do “whatever it takes” to end the Eurozone crisis – a hint that more government bond purchases could be on the way to ease the pressure on struggling states like Spain. He told an audience at the Global Investment Conference that [...]
BSkyB’s rivals scheme over new live football rights deals August 22, 2012 Word that ITV might be interested in showing live Premier League matches for the first time ever is fascinating. If the unlikely move occurred, ITV would bring elite football back to a broader audience after more than 20 years of having it shown exclusively live on pay-per-view television. Not everybody would be cheering from their [...]
Summer is here: now do it in style May 29, 2012 WHERE TO GET IT: >> Tom ford Cyrille shades, £233, amazon.co.uk >> Hackett check shirt, £110, johnlewis.com >> Chapman Bags canvas iPad day-bag, £115, my-wardrobe.com >> Slowear yellow pants, £195, MrPorter.com >> Grenson leather brogues, £195, MrPorter.com WHERE TO GET IT: >> Hartford straw trilby, £100, MrPorter.com >> Ellery Keith shades, £300, eyegoodies.com >> Robert Graham “Echoes” sport jacket, £349, robert-fuller.co.uk [...]
Evonik threatens to scrap float June 10, 2012 THE OWNERS of German chemicals firm Evonik may pull the plug on an initial public offering (IPO) which, when announced, was billed as Europe’s biggest flotation in more than a year. “The performance of financial markets since the end of May has added to the uncertainty whether enough proceeds are achievable that reflect the value [...]
Fuller, Smith & Turner in £16m expansion October 24, 2011 Fuller, Smith & Turner is paying £16m for five pubs as it moves to boost its estate in time for the Olympics. Fuller is acquiring The Wellington at Waterloo, The Pavilion End and Bluu in the City, The Hand & Flower in Kensington Olympia and the Red Lion Hotel in Wendover, Bucks The seller is [...]
Fuller’s splashes out to boost London portfolio October 24, 2011 FULLER, Smith & Turner is paying £16m for five pubs as it moves to boost its estate in time for the Olympics next summer. Fuller’s is buying The Wellington at Waterloo, The Pavilion End and Bluu in the City, The Hand & Flower in Kensington Olympia and the Red Lion Hotel in Wendover, Bucks The [...]
LONDON REPORT May 27, 2012 AS DELIBERATIONS over the Eurozone’s future rumble on this week, weighing on global markets, a raft of retail firms are due to report on how the British high street has treated them in recent months. The FTSE 100 rose 1.5 per cent last week, but is still down two per cent down since the start [...]
Roy’s right man, but don’t judge on Euro 2012 April 30, 2012 THE Football Association may have raised a few eyebrows by moving to appoint Roy Hodgson as England manager ahead of Harry Redknapp, but I’m very comfortable with it. As far as motivators go, Redknapp is top of the tree, but the job – especially this role, which incorporates overseeing aspects of England’s technical development from [...]