Who can conquer Ireland to land the greatest prize? February 4, 2010 England Manager: Martin Johnson Captain: Steve Borthwick Last season: Italy (h) won 36-11; Wales (a) lost 15-23; Ireland (a) lost 13-14; France (h) won 34-10; Scotland (h) won 26-12 = 2nd. Where they stand: Endured a disappointing autumn international campaign when they lost to Australia and New Zealand and looked unconvincing in their narrow victory [...]
BROKER WILLS & CO OPENS FIRE ON FSA’S REGULATORY CRACKDOWN January 18, 2010 WHEREAS most City firms are content to whinge ineffectually about the Financial Services Authority’s new heavy-handed approach to regulation, it seems that others are starting to put their money where their mouth is. Rumours have been busy swirling in the Square Mile over the regulatory status of private client stockbroker Wills & Co, which can [...]
Sainsbury’s rises on bid talk October 15, 2009 J SAINSBURY shares jumped 10 per cent yesterday on market talk that Qatar’s sovereign wealth fund was planning a renewed offer for the supermarket chain after dropping a bid in 2007. Sainsbury’s, Britain’s third-biggest supermarket group, the 26 per cent shareholder Qatari Investment Authority (QIA) and the Sainsbury family, which own around 17 per cent, [...]
Lehman and BarCap fight over $8.2bn September 15, 2009 TRUSTEES overseeing the liquidation of Lehman Brothers have accused Barclays Capital of taking $8.2bn (£5bn) more than it should have when it bought the failed bank’s brokerage business a year ago. In court papers filed in a US bankruptcy court yesterday, Lehman Brothers Holdings claimed “critical changes” were made to the sale in between the [...]
Lehman and BarCap fight over $8.2bn September 15, 2009 TRUSTEES overseeing the liquidation of Lehman Brothers have accused Barclays Capital of taking $8.2bn (£5bn) more than it should have when it bought the failed bank’s brokerage business a year ago. In court papers filed in a US bankruptcy court yesterday, Lehman Brothers Holdings claimed “critical changes” were made to the sale in between the [...]
Kraft asks its bankers for exclusivity November 24, 2009 KRAFT has sealed “exclusivity” deals from the banks it is using to finance its £10.3bn ($17bn) bid for Cadbury – leaving other contenders with fewer lenders to bankroll their proposals. The US food giant has tied banks including Citigroup and Deutsche Bank into agreements where they cannot operate for its rivals. Family-owned Ferrero of Italy and US [...]
WHAT THE OTHER PAPER SAY THIS MORNING November 1, 2009 THE SUNDAYSThe Sunday TelegraphODEY CASHES IN ON BARCLAYS SHARES OVER EU “UNCERTAINTY”Crispin Odey, the hedge fund manager who has made millions of pounds calling the fate of British banks, has sold part of his stake in Barclays. The boss of London-based Odey Asset Management, who built a 1.5 per cent stake in Barclays shortly after [...]
Christmas is half time in liquidity vs worry match December 13, 2009 It’s half time in the match and just before the Christmas break “Liquidity and Earnings” have strolled to a three goal lead against the “Wall of Worry”. But how to bet in the second half? Will we see a re-run of the last six months in the next six, or just like Liverpool FC in [...]
TIMELINE: HOW BRITAIN’S BANKING SECTOR WENT SOUR November 3, 2009 21 February, 2008Britain passes legislation allowing the government to nationalise Northern Rock after rejecting two private bids. Northern Rock is nationalised months after the Bank of England stepped in to provide support. 21 AprilThe BoE unveils the Special Liquidity Scheme to swap banks' risky mortgage assets for at least £50bn of government debt. 18 SeptemberLloyds [...]
CITY MOVES WHO’S SWITCHING JOBS December 7, 2009 Reed SmithThe law firm has appointed Graham Green as a partner in its employment group in London. Green joins from rival McDermott Will & Emery, and has also worked in the employment department at Linklaters. His practice covers all types of discrimination claims, including race, sex, age and disability discrimination, as well as claims over [...]