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World - Royal Bank of Scotland reports recovery, shares leap

Britain`s state-rescued Royal Bank of Scotland posted a surge in profits on Friday, boosting its share price, but warned over future earnings. Pre-tax profits jumped 93 percent to £2.65 billion, it added. In reaction, RBS shares rocketed 14.34 percent to 376 pence, topping London`s benchmark FTSE 100 index, which was flat at 6,816.25 points in early trading. `These results show that underneath all the noise and huge restructuring of recent years, RBS is a fundamentally stronger bank that can deliver good results for customers and shareholders,` said chief executive Ross McEwan.

Friday, July 25, 2014  10:41


World - EasyJet forecasts jump in annual profit despite unrest

No-frills airline EasyJet on Thursday forecast a jump in annual profits as higher passenger numbers and revenues offset disruptions caused by unrest in Israel, Russia and Egypt. Easyjet expects to grow pre-tax profit to between £545 million and £570 million in the year to the end of September, the carrier said in a trading statement. The range given for the latest financial year includes `the impact from the situations in Israel, Egypt and Moscow` and assumes `no further significant disruption`, Easyjet said.

Thursday, July 24, 2014  08:42


World - Button surprised by Hamilton move

Jenson Button said he was surprised at his former McLaren team-mate Lewis Hamilton‚ s strange driving on Sunday after the pair survived a minor collision during the German Grand Prix. The two made contact when Hamilton thought that the 2009 champion had decided to give him room to pass at the hairpin. Hamilton sustained damage to his front wing, but was able to continue and passed Button one lap later on lap 31 during his first charge through the field. Hamilton, the 2008 champion, said: ‚ I had a bit of collision with Jenson, but I thought he was letting me past -- my bad judgement there.‚

Sunday, July 20, 2014  20:10


Sports - McIlroy`s father set to profit from Rory 10-year Open bet

Rory McIlroy can do his father proud, and make him much richer, on Sunday by winning the British Open at Hoylake. For 10 years ago, 25-year-old McIlroy`s dad Gerry and three friends each placed a £100 ($170, 125 euros) bet at odds of 500/1 that his son would become Open champion before he turned 26. On Sunday he will take a six-shot lead into the final round at Hoylake and few people would bet against him winning again despite the last day collapse that cost him the Masters title in 2011 when he led by four before Sunday. One punter stands to earn a £80,000 ($135,000, 100,000 euros) windfall if he closes the deal, according to British bookmakers Ladbrokes.

Saturday, July 19, 2014  22:26


World - Britain`s Lloyds bank says expects fine over Libor

Britain`s Lloyds Banking Group said on Friday that it expects to be fined for its role in the Libor rate-rigging scandal. LBG said in statement that it had noted media coverage regarding potential settlements with a number of government agencies `around the setting of Interbank Offered Rates and other benchmarks`. It added: `The settlements remain to be agreed and LBG expects they will include the payment of penalties.` The Financial Times reported that next week LBG will announce it is paying fines of up to £300 million ($509 million, 379 million euros) to British and US regulators after it was allegedly found to have manipulated inter-bank lending rates.

Friday, July 25, 2014  11:34


World - BSkyB reveals deal to create pan-European pay TV giant

British satellite television group BSkyB said on Friday it had agreed multi-billion-dolla deals with Rupert Murdoch`s media empire 21st Century Fox to create a pan-European pay-TV giant. Murdoch`s 21st Century Fox media conglomerate owns 39 percent of BSkyB. BSkyB has agreed to buy 21st Century Fox`s 100-percent stake in Sky Italia and its 57.4-percent interest in Sky Deutschland, a statement said. BSkyB said it planned to acquire the rest of Sky Deutschland from the German group`s minority shareholders, creating a pan-European TV giant in deals costing the British group a total of up to £7.0 billion ($11.9 billion, 8.8 billion euros) in cash.

Friday, July 25, 2014  08:41


World - Negredo facing three months out - Pellegrini

Manchester City striker Alvaro Negredo will be out for up to three months after breaking a bone in his foot, manager Manuel Pellegrini has revealed. `Alvaro had surgery today (Tuesday) on his broken foot and he will probably be out for two or three months,` Pellegrini said, in comments reported on the club website. Negredo, 28, fractured the fifth metatarsal bone in his right foot during City`s 2-1 win over Hearts in a friendly in Edinburgh on Friday. Negredo signed from Sevilla last year for a fee of around £16 million ($27.3 million, 20.3 million euros).

Wednesday, July 23, 2014  11:48


World - Iraq`s top cleric calls on political leaders to break deadlock

BAGHDAD (Reuters) - Iraq`s top cleric, Grand Ayatollah Ali al-Sistani, called on political leaders on Friday to refrain from clinging to their posts, in an apparent reference to Prime Minister Nuri al-Maliki, who has defied demands that he step aside. Speaking through an aide who delivered a sermon after Friday prayers, Sistani said leaders should be flexible so that political deadlocks can be broken and Iraq can confront dangers and terrorism. (Writing by Michael Georgy; Editing by Larry King)

Friday, July 25, 2014  11:34


Africa - Questions of Justice in Tunisia as Ousted Leaders Are Freed

Most of the senior officials of Tunisia`s former government have been released from prison, raising accusations of injustice from relatives of victims and human rights activists in the wake of the 2011 Arab Spring uprising.

Friday, July 25, 2014  03:47


World - Singapore match-fixer jailed for three years in sex-bribe case

A Singaporean businessman was jailed for three years on Thursday for providing prostitutes to three Lebanese football referees in a match-fixing attempt that has put the spotlight on the city-state`s role in global sports corruption. Nightclub owner Eric Ding Si Yang, 32, was refused bail while he appeals the ruling, and state prosecutors said they would file a motion before a higher court to demand a harsher punishment. Ding was found guilty on July 1 of corruption for bribing referee Ali Sabbagh, 35 and assistant referees Ali Eid, 34, and Abdallah Taleb, 38, before a match last year in Singapore. District Judge Toh Yung Cheong said as he handed down the jail sentence that Singapore`s reputation had been tarnished by match-fixing.

Thursday, July 24, 2014  11:34

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