|Charities criticise Apple Inc for blocking donations within iPhone and iPad apps|
|Wednesday, 09 May 2012 08:28|
News round up: Apple, BSkyB, Pension, Greece, Glencore, William Hill and City jobs.
BSkyB’s dominance of live televised football is so important to the business that its share price would crash if it were to lose the coverage, according to Kelvin MacKenzie, who is launching a rival sports broadcaster. Mr MacKenzie, a former editor of The Sun newspaper, claimed BSkyB shares would halve if regulators took action to break up the broadcaster’s "cartel" with football’s governing bodies around live match broadcast rights. He also claimed BSkyB’s £195m deal with the football league is "wholly illegal," according to The Telegraph.
More than 12,000 former public sector workers have retired on pensions worth at least £50,000 a year — twice the average national wage in Britain — according to a report by the Intergenerational Foundation. Taxpayer liabilities for public sector pensions have swelled to £45,000 a household, with government employees enjoying vastly better pension coverage than their private sector counterparts, according to the charity.
More than £25bn was wiped off the value of Britain's biggest companies on Tuesday as traders dumped risky assets and fled to safety as fears grew that Greece will leave the euro and trigger a fresh crisis. The FTSE 100 slid 1.8 per cent to close at its lowest level this year, falling 100 points to 5,554, following the Greek electorate's rejection of the austerity measures that are a condition of its two bail-outs, worth a combined €219bn.
Links between Glencore -the world’s largest commodities trader- and an Israeli billionaire in the Democratic Republic of Congo have been highlighted by an anti-corruption campaign group on the eve of the FTSE 100 giant’s first annual meeting since listing a year ago. Glencore is being urged to carry out and publish an independent audit into whether its ties to Dan Gertler, a friend of Congo’s President Kabila, pose any risk of corruption.
The chairman of William Hill mounted the first corporate fight-back against the "Shareholder Spring" on Tuesday and criticised investors for blindly voting against the company's pay policies. Gareth Davis said he had "no intention" of backing down on a £1.2m bonus for Ralph Topping, chief executive - even though 49.9% of investors failed to approve the remuneration report.
Nearly 100,000 City jobs have been lost since 2007 and London’s position as the world’s leading financial centre is under threat from the Far East, according to a report being published today. The Centre for Economics and Business Research said that the average number of City jobs was likely to have dropped to 255,000 this year.
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