Miami Open prize money: Novak Djokovic will surpass Roger Federer as highest-earning tennis player with $1m final win over Kei Nishikori April 2, 2016 Novak Djokovic is just one win from becoming the highest-earning tennis player of all time after beating David Goffin to reach the Miami Open final. The No1 ranked player in the world will take his career prize money earnings over $98m (£68.8m) should he defeat Japanese ace Kei Nishikori in Sunday's final. Djokovic had amassed [...]
London Pride: Pictures and updates as over 250 LGBT groups march through capital June 27, 2015 A carnival hit the capital today as thousands took to the streets to celebrate LGBT rights at the annual Pride march. Read more: Finance firms among the UK's best LGBT employers Unperturbed by the heightened security following yesterday's terror attacks in France, Kuwait and Tunisia, the capital was decorated in the colours of the rainbow [...]
Barclays’ Lehman Brothers deal to claim disputed assets will go ahead May 5, 2015 The US Supreme Court has cemented a 2014 ruling which allowed Barclays to claim about $4bn (£2.65bn) of disputed assets in its purchase of much of Lehman Brothers’ brokerage unit. Barclays, which already controlled $3.5bn of the disputed $4bn, was granted leave to take over the assets by the US Court of Appeal last year. [...]
Equities down over Greece – New York Report June 25, 2015 AUS Supreme Court ruling upholding tax subsidies boosted US hospital stocks to record highs yesterday, while global equity markets edged lower on lingering worries over Greece. The Dow Jones industrial average fell 75.71 points, or 0.42 per cent, to 17,890.36, the S&P 500 lost 6.27 points, or 0.3 per cent, to 2,102.31 and the Nasdaq [...]
Greek debt crisis: Fears resurface over bailout deal as Prime Minister Alexis Tsipras resigns August 21, 2015 Greek Prime Minister Alexis Tsipras resigned last night, triggering another round of elections in Greece and calling into question the stability of the country’s latest bailout. Tsipras stepped down after just seven months in office, in which he battled with Greece’s creditors – including their Eurozone partners and the International Monetary Fund (IMF) – [...]
Aer Lingus sets out terms of €1.4bn IAG offer June 19, 2015 A takeover of Aer Lingus by International Airlines Group (IAG) – the parent company of British Airways – came one step closer this morning, after the Irish airline published the full terms of IAG's offer for the group and called an extraordinary general meeting. The deal has been sparked by Ryanair, which has been told [...]
India supreme court coal licence ruling hits billionaires’ wallets August 27, 2014 A group of Indian billionaires have seen their worth take a significant hit after the nation’s Supreme Court ruled this week that all coal mining licences in the country from 1993 were illegal. The ruling came after a regulatory report in 2012 that found sales to firms had been underpriced by as much as $33bn [...]
Aetna to buy rival Humana for $37bn in a cash and shares deal July 3, 2015 The US health insurer Aetna has struck a deal to buy its rival Humana for $37bn (£23.7bn) in cash and shares, which Aetna says will create the second-largest managed care company in the US. Aetna will acquire outstanding shares of Humana at around $230 per share, according to a joint statement by the two companies. [...]
Lloyds may face record fine over £100m for PPI complaints fiasco June 4, 2015 LLOYDS Banking Group could be slammed with a record fine from the Financial Conduct Authority for its handling of PPI complaints. The bank – which is currently still part-owned by the taxpayer – could receive a penalty of “well over £100m” from City watchdog the FCA . The fine could be made public as early [...]
Lloyds Banking Group faces record £100m PPI fine this week June 4, 2015 UPDATE: Lloyds Banking Group fined £117m for PPI failings Lloyds Banking Group could be slammed with a record fine from the FCA for its handling of PPI complaints. The bank – which is currently still part-owned by the taxpayer – could receive a penalty of “well over £100m” from City watchdog the FCA . [...]