Colfax gets yes vote to buy Charter November 14, 2011 SHAREHOLDERS in engineering group Charter International accepted the £1.5bn takeover offer from US rival Colfax yesterday in two votes showing majority support for the cash and shares deal. More than 91 per cent of shareholders equivalent to nearly 88 per cent of all voting rights voted to accept a 910p per share offer from Colfax, [...]
Inquiry call amid Dexia asset sales October 20, 2011 BELGIAN politicians have demanded an investigation after documents emerged showing crippled bank Dexia was warned last year over its “fragility”. The Green Party called for a parliamentary inquiry after letters emerged showing Autorité de contrôle prudentiel (ACP), the French regulator, wrote to French arm Dexia Crédit Local (DCL) in August and September last year to [...]
RBS REPORT: AT A GLANCE December 12, 2011 ● Why publish this report? Last year the FSA caused a public outcry by saying it would take no action against RBS chief executive Fred Goodwin and others despite a 17-month investigation. After pressure from MPs such as Andrew Tyrie, it agreed to produce a full report. ● Cause of RBS’ losses The FSA said [...]
RBS: WHO TAKES THE BLAME? December 12, 2011 Sir Fred Goodwin The FSA had harboured worries about Fred the Shred’s internal dominance as far back as 2003. It criticised the ABN Amro deal, his brainchild, as a “gamble” and dismissed the due diligence carried out as little more than “two lever arch folders and a CD”. Goodwin’s relationship with the FSA slumped to [...]
RBS: WHO TAKES THE BLAME? December 12, 2011 Sir Fred Goodwin The FSA had harboured worries about Fred the Shred’s internal dominance as far back as 2003. It criticised the ABN Amro deal, his brainchild, as a “gamble” and dismissed the due diligence carried out as little more than “two lever arch folders and a CD”. Goodwin’s relationship with the FSA slumped to [...]
PFA leap to defence of City outcast Tevez October 27, 2011 MANCHESTER CITY striker Carlos Tevez has found ally in the shape of the Professional Footballers’ Association, who claim the four-week fine he received this week for refusing to play is “not justified”. The Premier League leaders found the Argentina international to be guilty of five separate breaches of contract in the Champions League defeat at Bayern Munich [...]
Tevez faces City misconduct hearing October 12, 2011 MANCHESTER CITY outcast Carlos Tevez is set to face will face disciplinary proceedings over his conduct during last month’s Champions League defeat against Bayern Munich. The club conducted an internal investigation following accusations from manager Roberto Mancini that the Argentina international refused to take to the field as a second-half substitute, and as a result [...]
AIB asks Ireland to raise pay cap September 25, 2011 IRELAND’S finance minister Michael Noonan is considering a request from state-controlled Allied Irish Banks (AIB) to appoint a new chief executive with a salary above the current cap of €500,000 (£436,626), a government spokesman said yesterday. Michael McGrath, the finance spokesman for the opposition Fianna Fail’s party, said: “News that the government is even considering [...]
REDKNAPP STORM December 15, 2011 Spurs manager could face Uefa sanction over hand gesture after watching his side crash out of Europa League despite thumping win over Irish minnows SHAMROCK ROVERS 0 vs TOTTENHAM 4 TOTTENHAM manager Harry Redknapp could find himself in hot water with Uefa after he appeared to aim a clenched-fist gesture at Shamrock Rovers supporters during [...]
US faces China yuan fury October 12, 2011 THE WHITE House stepped into the furore over China’s control of the yuan yesterday, after Chinese authorities blasted US plans to impose sanctions on any state that manipulated its currency for trade advantage. The US Senate passed a bill on Tuesday in retaliation for China’s policy of flooding the US with artificially cheap goods by [...]