Wendel will appeal €1.5m St Gobain fine January 17, 2011 FRENCH investment fund Wendel said it would appeal a €1.5m (£1.3m) fine from market watchdog AMF for insufficient disclosure over its stake-building in glassmaker Saint-Gobain in 2007. The case centres on derivatives contracts with different banks which, according to the AMF, were market-sensitive and should have been disclosed by Wendel as the sole purpose was [...]
Armitage given eight-week ban and will miss Six Nations January 20, 2011 ENGLAND full-back Delon Armitage has been handed an eight-week ban by the Rugby Football Union and is set to miss the entire Six Nations campaign as a result. The London Irish star was found to have pushed and used threatening and / or abusive and obscene language towards a doping control officer by an RFU [...]
The price of cocoa soars as Ivory Coast bans exports January 24, 2011 THE president-elect of the world’s biggest producer of cocoa – the Ivory Coast – banned cocoa exports for a month yesterday, causing the price to jump 7 per cent to £2,307 a tonne in early London trading, a 7.4 per cent rise from Friday’s close – the highest price in six months. The ban has [...]
The price of cocoa soars as Ivory Coast bans exports January 24, 2011 THE president-elect of the world’s biggest producer of cocoa – the Ivory Coast – banned cocoa exports for a month yesterday, causing the price to jump 7 per cent to £2,307 a tonne in early London trading, a 7.4 per cent rise from Friday’s close – the highest price in six months. The ban has [...]
Cocoa to rise as Ivory Coast halts exports January 23, 2011 THE PRICES of cocoa and coffee could rise sharply this morning after the president-elect of the world’s biggest producer of the beans declared it had suspended exports. The president-elect of the Ivory Coast, Alassane Outtara, yesterday ordered exporters to suspend operations for a month from today in an attempt to cut off funding from rival [...]
WHAT THE OTHER PAPERS SAY THIS MORNING February 15, 2011 FINANCIAL TIMES BARCLAYS FORCED TO ADAPT COCOS BONUS PLAN Barclays has been forced to adapt its plans to pay bonuses for staff with a new financial instrument that has been hailed by regulators as a key tool for rebuilding the capital strength of banks. Bob Diamond, the UK bank’s new chief executive, had hoped to [...]
WHAT THE OTHER PAPERS SAY THIS MORNING February 15, 2011 FINANCIAL TIMES BARCLAYS FORCED TO ADAPT COCOS BONUS PLAN Barclays has been forced to adapt its plans to pay bonuses for staff with a new financial instrument that has been hailed by regulators as a key tool for rebuilding the capital strength of banks. Bob Diamond, the UK bank’s new chief executive, had hoped to [...]
Premier League’s January spending set to top £100m January 17, 2011 ASTON VILLA’S club record £24m bid for Sunderland striker Darren Bent looks set to trigger a flurry of transfer window activity that propels top flight spending past the £100m mark. Hard-up Premier League clubs spent just £30m in total last January but Bent’s proposed move would take this month’s total to around £65m with almost [...]
Not so smooth: Clegg falls to pieces in bank bonus chit-chat January 10, 2011 LIBERAL Democrat leader Nick Clegg clearly didn’t eat his Weetabix yesterday morning. Normally a consummate media performer, as evidenced by his strong showing in the leaders’ debates, the “trust me, I’m a Lib Dem” act didn’t do the trick on Radio 4’s Today programme. Verbose Scot Jim Naughtie was asking the questions, and he caught [...]
EU mulls fines on big deficits September 29, 2010 THE EUROPEAN Commission proposed tougher sanctions on Eurozone countries that breach EU budget rules yesterday, as trade unions staged strikes and protests against austerity measures. The EU executive outlined plans to prevent a repeat of Greece’s debt crisis by making chronic deficit offenders deposit 0.2 per cent of their gross domestic product with Brussels. The [...]