Hearn: It’s our duty to support flawed BBBofC July 16, 2012 PROMOTER Eddie Hearn has reacted to the threat of a split within British boxing by defending the British Boxing Board of Control’s (BBBofC) role as the sport’s governing body. Over the last three months, rival promoter Frank Warren has built a controversial relationship with the Luxembourg Boxing Federation (FLB) who sanctioned Saturday night’s heavyweight fight [...]
Osborne faces a delicate balancing act on train ticket hikes August 14, 2012 WHEN the majestic Shard formally opened earlier this summer I was interested to learn that its architect Renzo Piano only catered for 48 car parking spaces in the building’s bowels. “It’s another big shift,” he was quoted as saying. “To tell people, look, stop going around in cars.” Piano’s thinking makes a lot of sense. [...]
Inflation relief helps push FTSE to its highest close in six weeks June 19, 2012 BRITAIN’S leading share index hit a six-week high yesterday on growing hopes for concerted economic stimulus measures from central banks, with a fall in UK inflation seen as increasing the chances of another Bank of England move. Consumer price inflation (CPI) eased unexpectedly in May to its lowest in two and a half years due [...]
RAPID RESPONSES June 14, 2012 Accounting error [Re: Accounting rules place box ticking above prudence, Wednesday] Unfortuantely, Syed Kamall has made fundamental errors in his article. The accounting rules proposed by International Financial Reporting Standards (IFRS) don’t allow balance sheet inflation. They are also not yet finalised and the IFRS rules relevant to banks weren’t in operation during the financial crisis. [...]
Release our business schools from the dead hand of state regulation August 19, 2012 THE UK’s centrally-planned universities could do with a shake-up. One way to do this is to begin the privatisation of higher education in those areas most suitable for it – particularly business education. Higher education has many purposes. But the most important is the preparation of young people to enter the world of work, and [...]
Green caught up in HSBC scandal July 18, 2012 GOVERNMENT minister Lord Green was last night dragged into the scandal surrounding HSBC after the Labour party said the peer has “serious questions to answer” regarding his time in charge of the bank. Green was chief executive of HSBC between 2003 and 2006, then chairman until 2010. During this period some of HSBC’s clients were involved [...]
Boxing chiefs: Threat remains for rebels involved in Haye-Chisora June 12, 2012 BRITISH boxing chiefs have hit back at promoter Frank Warren and reiterated that anyone involved in the controversial fight between David Haye and Dereck Chisora risks having their licence withdrawn. Warren alleges that the British Boxing Board of Control has backtracked on threats to ban all fighters, trainers, managers and promoters associated with next month’s [...]
Barton denies charge in bid to reduce ban May 16, 2012 QPR midfielder Joey Barton has accepted one charge of violent conduct from the Football Association but denied another in a bid to avoid a double-digit ban. Barton’s admission relates to his kick on Sergio Aguero following his red card against Manchester City on Sunday. His denial relates to an apparent attempt to headbutt Vincent Kompany [...]
RAPID RESPONSES June 27, 2012 Hester is not RBS [Re: Useless PR has turned NatWest’s woes into a corporate nightmare, yesterday] Having gone through James Hutchinson’s piece on the RBS computer failures, I was very surprised that all his attacks were directed on the person of Stephen Hester rather than the bank itself. I believe Hester has handled the situation [...]
Regulators to vote on Slim penalty April 29, 2012 Regulators will vote today on one of Mexico’s biggest antitrust cases, a $1bn fine for tycoon Carlos Slim, which has been bogged down in court appeals and disputes for a year. Federal competition commission Cofeco slapped Telcel with the record sanction in April 2011 after ruling the company charged excessive prices to connect to its [...]