FTSE 100 falls on weakness in mining shares September 24, 2012 The leading share index opened down this morning, as headline mining shares dropped on concerns over the weak global outlook. Miner Bumi led the fallers in early trade, as it announced it is to investigate its Indonesian operations for alleged financial irregularities. Miners Evraz, Anglo American and Ferrexpo lost 3.75 per cent, 3.3 per cent [...]
What the other papers say this morning September 25, 2012 FINANCIAL TIMES Total warns against Arctic oil drilling Total SA says energy companies should not drill for crude in Arctic waters, marking the first time an oil major has publicly spoken out against offshore oil exploration in the region. Christophe de Margerie, the oil giant’s chief executive, said the risk of an oil spill in [...]
Virgin launches legal challenge August 28, 2012 THE HANDOVER of the West Coast Main Line was last night plunged into chaos after Virgin Trains, the losing bidder for the route, mounted a legal challenge just hours before the final sign-off. The government had been due to formally approve FirstGroup as the new operator of the franchise as early as today, but the [...]
German banker jailed for over eight years in F1 bribery case June 27, 2012 A JUDGE jailed a German banker for more than eight years yesterday for taking $44m (£28.2m) in bribes during the sale of Formula One in a case that centred on a payment from Bernie Ecclestone, the motor sport’s commercial chief. Presiding judge Peter Noll convicted BayernLB’s former chief risk officer Gerhard Gribkowsky of tax evasion, [...]
Plans unveiled for revival of Midtown area June 10, 2012 MAJOR BUSINESSES and political figures will meet tomorrow to discuss plans to rejuvenate London’s Midtown, an area wedged between the City and the West End, and drive investment over the next five years. Inmidtown, the business improvement district with authority over the area, will showcase a new framework aimed at restoring it as a commercial [...]
Blankfein takes stand at insider trial of Gupta June 5, 2012 LLOYD Blankfein, the chief executive of Goldman Sachs Group, told jurors at the insider trading trial of one of the investment bank’s former directors that “all parts” of a 2008 board meeting the two attended were confidential. “If something is discussed in a board meeting, it is confidential,” Blankfein said, when asked about a June [...]
WHAT THE OTHER PAPERS SAY THIS MORNING December 18, 2011 FINANCIAL TIMES FACEBOOK SET FOR SUIT OVER US PUBLICITY LAWS Facebook’s practice of showing people that their friends “like” specific products could run afoul of a California law that gives both celebrities and ordinary citizens the right to control how their names and pictures are used for commercial endorsements. A federal judge in San Jose [...]
WHAT THE OTHER PAPERS SAY THIS MORNING May 15, 2012 FINANCIAL TIMES EU to push for binding investor pay votes Shareholders in Europe’s listed companies will be given a binding vote on pay while those who invest in banks will gain powers to set a cap on bonus levels, under plans being drawn up by senior EU officials. The initiative from Michel Barnier, the EU’s [...]
Irish Life & Permanent losses widen April 2, 2012 Irish Life & Permanent’s banking arm reported a wider full-year loss due to soaring impairment charges ahead of a split from the group’s life division and a government decision on whether it can remain as a standalone lender. Once lauded as the only Irish lender to avoid a state bailout due to its lack of [...]
Not for flower girls these days: Covent Garden’s luxury new flats March 29, 2012 Less than a mile up the road in Mayfair, property sells for at least £2,000 per square foot. Covent Garden, arguably a more vibrant area of central London, is still roughly half as expensive – homes can be had at prices from £1,000 per square foot. Perhaps not for long, though: one of the reasons [...]