News archive from 11 December 2014

RUTH SUNDERLAND: Sands of time are running low at Standard Chartered as fresh sanctions-busting probe looms

When Standard Chartered was accused of sanctions-busting with Iran and other rogue regimes by US regulator Benjamin Lawsky, its initial reaction was one of outraged innocence. It subsequently accepted fines of more than £400million and has now had its...

 

Quindell share sales by ousted Rob Terry spur eight stock market suspensions in one day

Quindell shares were suspended eight times by stock exchange authorities yesterday after its founder caused chaos by selling almost all of his holding. Shares in the scandal-hit claims processor hit an all-time low after Rob Terry, ousted last month,...

 

CITY INTERVIEW: Chief executive Andy Clarke casts spell on Asda shoppers as price cutting tactics pay...

On the first floor of Asda’s Leeds headquarters staff gather around a desk for a spell of ‘forced fun’ known as a ‘huddle’. Speeches recognising the contributions made by employees are delivered, games are played and there are loud whoops and...

 

Tumbling price of oil aids fall in Britain's enormous trade deficit, although experts warn exports will...

The tumbling oil price has driven down Britain’s enormous trade deficit with the rest of the world, figures showed yesterday. The Office for National Statistics said the deficit in the trade of goods – what the UK exports minus what it imports – fell...

 

MARKET REPORT: Nigerian unrest hits Imperial Leather maker PZ Cussons

In a reversal of fortune Imperial Leather maker PZ Cussons said it was the developed markets that scrubbed up well in half-year figures, rather than the emerging markets. The firm, which is something of an anomaly from a bygone era, said Europe had...

 

Currency trader Stuart Scott dismissed by HSBC in wake of the conspiracy to manipulate the £3trillion a day...

HSBC has fired its top currency trader in Europe in the wake of the conspiracy to manipulate the £3trillion a day foreign exchange market. The High Street giant has dismissed Stuart Scott, the head of currency trading in Europe, the Middle East and...

 
LOOK: 29 pictures of Coventry City fans at Ashton Gate - can you spot yourself?

LOOK: 29 pictures of Coventry City fans at Ashton Gate - can you spot yourself?

Our snapper was at Ashton Gate tonight to take some pictures of Coventry City fans. Were you one of the faces in the crowd that we caught on camera from the 832 Sky Blues Army in Bristol? There was even a recognisable Sky Blues face in the crowd in...

 

Interest rate debate intensifies as Bank of England and business clash over outlook

The debate over interest rates intensified yesterday as Bank of England officials and business clashed over the outlook. Ian McCafferty, a member of the monetary policy committee at the central bank, said rates should rise ‘sooner rather than later’...

 

Standard Chartered to set up committee to curb law breaking as US regulators turn up the heat following...

Standard Chartered has established a board committee to ensure it does not commit more financial crimes, as US regulators extend their surveillance of the bank. The UK giant said the Board Financial Crime Risk Committee will from next month assume...

 

Bungled leak costs FCA boss Martin Wheatley his bonus, after billions wiped off value of insurance companies

The boss of the City watchdog has been stripped of his bonus after a bungled leak of an impending investigation wiped billions off the value of insurance companies. In a chastening day for the Financial Conduct Authority, it said chief executive...

 

UK 'to bear brunt' of BP cuts as thousands of jobs will be trimmed as part of process dating back to...

Britain is likely to be hit hardest after BP announced it was slashing jobs. Several thousand back office roles will be cut as it slims operations in a process that dates back to the Deepwater Horizon disaster of 2010. It has around 86,000 staff...

 

Celtic are a good call for Norwegian wonderkid Martin Odegaard says Stefan Johansen

The Hoops midfielder is in regular contact with his former Stromsgodset team-mate and believes his compatriot would be better suited moving to Scotland. Attacking midfielder Odegaard, who turns 16 on Wednesday, is being courted by a host of European...

 

Dundee United deny Australian takeover bid

But the Tangerines insist reports of a takeover deal for Newcastle Jets are premature. Reported from Down Under on Wednesday claimed that Thompson wanted to buy the struggling A-League outfit. But United director Derek Robertson insists the board have...

 

No Motherwell job for Terry Butcher but St Mirren could pounce

The former Well boss informed Fir Park general manager Alan Burrows yesterday that he no longer wanted to be considered for the vacancy. It means the shortlist to succeed Stuart McCall has been reduced to five, with Ian Baraclough, Rob Maaskant,...

 
Drug-resistant infections to lead to 10 million extra deaths a year – report

Drug-resistant infections to lead to 10 million extra deaths a year – report

Failure to tackle drug-resistant infections will lead to at least 10 million extra deaths a year and cost the global economy up to $100tn (£64tn) by 2050, a report commissioned by David Cameron, the prime minister, has warned. The stark figures,...

Guardian, 00:06 in Business
 


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