BRITISH investors in Manchester United saw red yesterday when the shock announcement that star player Eric Cantona was quitting football, wiped several million pounds off the English Premier League champions' share value.
In contrast, investors in FA Cup winners, Chelsea, could see clear blue skies as the club's victory over Middlesbrough, at Wembley on Saturday, sent shares in holding company Chelsea Village nosing ahead. Reaction was instant as the City absorbed the conflicting news from the two Premier league teams.
Watchdog sinks his teeth in
THE City of London's chief watchdog is this week set to call for a major overhaul of the financial regulation system which protects investors. Sir Andrew Large will say the Securities and Investments Board (SIB), the main City regulator, should be given new powers.
He believes the current two tier regulatory system is in need of major reform, and in a speech today he will support the British government's plans to merge the SIB with its three watchdog subagencies.
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