News archive from 18 May 2012

Greece's credit rating downgraded

An influential financial ratings agency has downgraded debt-crippled Greece deeper into junk territory. Fitch warned of a "probable" Greek exit from the euro currency union if new national elections next month produce an anti-bailout...

 

Entries flood in for big date with Queen

NOMINATIONS are flooding in after we launched our search for unsung heroes to attend a special date with the Queen. Last week we set out to find the unsung heroes of our local communities who could join the Queen on her Diamond Jubilee tour of...

 
Monmouth is first 'Wikipedia town'

Monmouth is first 'Wikipedia town'

Online encyclopedia Wikipedia is set to launch a new project aimed at covering every aspect of life in one Welsh town. Monmouth in south Wales will become the first "Wikipedia town" and the Monmouthpedia will feature all notable places,...

 
Charity tweet for missing children

Charity tweet for missing children

Members of the celebrity Twitterati are to join a campaign to help find missing children. Celebrities including Stephen Fry, Lord Sugar, Lorraine Kelly and Katie Price are taking part in the charity Missing People's Big Tweet for Missing Children on...

 

Facebook shares to cost £24 each

Facebook has priced its initial public share offering at 38 US dollars (£24). That is at the high end of its expected range of 34 to 38 dollars. It means investor demand is strong for the world's largest online social network. Facebook stands to reap...

 

Greece's credit rating downgraded

In addition to its acute financial woes, Greece has entered a protracted political crisis after elections on May 6 left no party with enough seats in parliament to govern alone, and nine days of hectic talks failed to reach a coalition deal. The...

 

Facebook shares to cost £24 each

May 17 2012 Facebook has priced its initial public share offering at 38 US dollars (£24). That is at the high end of its expected range of 34 to 38 dollars. It means investor demand is strong for the world's largest online social network. Facebook...

 

Olympic Flame handed over to London

The Olympic Flame has been handed over to London. David Beckham was at the ancient Panathenaic Stadium to help collect the flame and bring it back home. The historic event took place in a rain-hit sundown ceremony at the stadium in Athens, venue of...

 

Facebook shares to cost £24 each

Facebook has priced its initial public share offering at 38 US dollars (£24). That is at the high end of its expected range of 34 to 38 dollars. It means investor demand is strong for the world's largest online social network. Facebook stands to reap...

 

US STOCKS-Nervous investors send S&P lower for fifth day

* Facebook IPO prices at $38, trading begins on Friday * Indexes off: Dow 1.2 pct, S&P 1.5 pct, Nasdaq 2.1 pct (Adds Gap earnings, Facebook details in paragraphs 13 and 14) By Chuck Mikolajczak NEW YORK, May 17 (Reuters) - U.S. stocks hit a...

 
We want your Jubilee stories

We want your Jubilee stories

QUEEN Elizabeth II has been on the throne for 60 years, and people all over the world will celebrate her Diamond Jubilee with an extended bank holiday weekend from 2nd - 5th June. Here in Gainsborough plans are coming together for a thrilling weekend...

 
CHELTENHAM TO FACE CREWE AT WEMBLEY

CHELTENHAM TO FACE CREWE AT WEMBLEY

Torquay substitute Taiwo Atieno gave Martin Ling's men brief hope by cancelling out McGlashan's goal, but Pack rifled home a magnificent 87th minute free-kick to secure a 4-1 aggregate triumph for Cheltenham. Mark Yates' men travel to Wembley a week...

 

Spanish bank debt to be downgraded by ratings agency Moody's

The storm clouds hovering over Spain grew darker as shares in part-nationalised lender Bankia plunged 30 per cent and ratings agency Moody's prepared to downgrade the debt of 21 banks. Continuing anxiety over the potential for a fresh banking crisis...

 

ALEX BRUMMER: Euro exit for Athens should cause barely a ripple in terms of big write-offs for UK banks

The good news is that the British banks have cut direct exposures to Greece to virtually nothing. So a euro exit for Athens should, of itself, cause barely a ripple in terms of big write-offs. It is the splash from a Greek farewell which would worry...

 

Overwhelming demand for Facebook stock is set to raise $16bn

If stock market floats were like video game releases, eager investors would have been camping outside Facebook's headquarters in Palo Alto, California, for weeks. Such is the almost cultish clamour that several early backers, including Goldman Sachs,...

 


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