WHAT THE OTHER PAPERS SAY THIS MORNING March 5, 2012 FINANCIAL TIMES REGULATORS CONSIDER AN OVERHAUL OF LIBOR UK regulators and global banks are discussing a potentially far-reaching overhaul of the calculation and regulation of interbank lending rates, amid claims that the benchmark for $350 trillion contracts worldwide may have been subject to manipulation. STARBUCKS TAKES COFFEE WARS TO NESPRESSO Coffee capsule wars are set [...]
Centamin restructure agreed December 14, 2011 FTSE 250-listed Centamin Egypt said yesterday the majority of its shareholders had agreed to a corporate restructure of the gold mining firm and its subsidiaries. A new Jersey-incorporated parent company, Centamin, will be put in place after the scheme was approved by 99.97 per cent of the total votes cast on the resolution. The scheme [...]
Centamin restructure agreed December 14, 2011 FTSE 250-listed Centamin Egypt said yesterday the majority of its shareholders had agreed to a corporate restructure of the gold mining firm and its subsidiaries. A new Jersey-incorporated parent company, Centamin, will be put in place after the scheme was approved by 99.97 per cent of the total votes cast on the resolution. The scheme [...]
Sending armed cops to arrest a hacker is like shooting gnats with a bazooka February 8, 2012 When police in New Zealand arrested suspected online pirate Kim Dotcom, they were accompanied by a dog unit and a SWAT team armed with automatic weapons. Could there be a better visual representation of the gulf between the people attempting to police the internet and those suspected of corrupting it? The man is even named [...]
SABMiller acquisition of Foster’s given green light by shareholders December 1, 2011 SHAREHOLDERS in Foster’s Group overwhelmingly backed SABMiller’s A$9.9bn (£6.4bn) acquisition deal in a vote yesterday, giving the takeover the go-ahead. Ninety-nine per cent of shareholders voted in favour of the acquisition by the beer company behind Castle, Grolsch and Miller Lite, which was given the green light by the Australian government on Sunday. The bid [...]
Versace’s place is for sale at $125m… here are Europe’s rival celeb homes June 28, 2012 GOLFE POENTE Quinta do Lago, Portugal Artyon Senna, the late Brazilian race-driver, used this house as his European bolthole when competing in Europe. It’s a nine-bedroom estate with a flood-lit football pitch and tennis court, sunken trampoline, dog kennel and a spacious layout. Senna, born in a ritzy part of Sao Paulo in 1960, was [...]
Finance and marriage – should go together like a horse and carriage February 12, 2012 TAKING care to maximise income and capital gains tax allowances and reliefs may not seem like rocket science but over the years it can save a great deal of tax. In a world where “clever clever” tax mitigation is increasingly frowned upon there is a lot to be said for this low key approach. There [...]
WHAT THE OTHER PAPERS SAY THIS MORNING February 2, 2012 FINANCIAL TIMES RISKY DEBT USE ON REPO MARKET HITS 2008 LEVELS The use of lower-rated debt in a key US funding market has returned to pre-crisis levels, fuelling fears that the so-called shadow banking system is becoming riskier. The repo market is an important part of the shadow banking sector, which consists of unregulated financial [...]
Miners and banks push FTSE to highest end since October January 18, 2012 BRITAIN’S top share index nosed ahead yesterday to close above 5,700 points for the first time since the end of October 2011, as strength in heavyweight miners and banks countered falls in integrated oils. The FTSE 100 ended the day up 8.42 points, or 0.2 per cent, at 5,702.37, just below the intra-day peak of [...]
Auditors hit by Olympus probe verdict December 6, 2011 KPMG AZSA’s reputation took a hit yesterday when the independent investigation into Olympus released a report naming substandard external auditing as one of the central factors in the scandal. The report censured the Japanese auditing firm, of which Olympus was a long-standing client, for issuing unqualified clean opinions without in-depth evaluation and for neglecting to [...]