London Welsh not eligible for Premiership promotion - BBC News
The Rugby Football Union has deemed that London Welsh will not be eligible for promotion to the Premiership.
A report said the Exiles had not achieved the minimum standards criteria for entry into the top flight.
An RFU statement said: "The independent auditors identified various failures, including not having Primacy of Tenure at their nominated ground."
Welsh have the right to appeal but the decision effectively safeguards Newcastle's Premiership status.
The Richmond-based outfit expressed "grave disappointment" in a statement and confirmed they will be "exploring all possible avenues off the pitch" to gain promotion if they win their two-legged Championship final.
For now it appears that Newcastle's new director of rugby Dean Richards will take over a Premiership club, three years after the so-called 'bloodgate' scandal, because, although Falcons finished bottom of the table this season, the other Championship finalists Cornish Pirates did not apply to join the top flight.
A Falcons statement read: "The club would like to take this opportunity to thank fans across the region for their continued support as the Falcons embark on an exciting new era under the stewardship of incoming director of rugby Dean Richards."
And commercial director Duncan Edward went on to say: "To be given the lifeline of playing in the Aviva Premiership next season and keeping top-class rugby in the region is unbelievable."
The Exiles were forced to look for alternate venues with a capacity over 10,000 because their home ground, Old Deer Park, is too small under the Premiership's regulations.
The club will play the second leg of their play-off final against Cornish Pirates at Oxford United's Kassam Stadium next week and, following the announcement that they were not eligible, confirmed "a firm binding agreement, subject only to promotion, has already been concluded with Kassam Stadium" for next season.
But the audit findings highlighted the primacy of tenure issue as a key stumbling block.
An RFU statement added: "This states that a club must demonstrate that they can host home fixtures at the time stipulated by Premiership Rugby and/or the host broadcaster."
This season four Premiership sides have played home fixtures at football grounds which they share: London Irish, Sale, Saracens and Wasps - a fact emphasised in London Welsh's response.
"The club [London Welsh] has already sought clarification on this point, the detailed reasoning behind why primacy of tenure was not satisfied (among other things) having not yet been given by the RFU," a statement read.
"The club also notes that if promoted it would share its ground with a club from the FA, in common with other Premiership clubs.
"It is not clear why an exception made in the case of at least four top-flight clubs might not now be extended to a fifth."
London 2012 Olympics: magic in the air as flame fever grips the country - Daily Telegraph
Like every other torchbearer on his section of the route, 1968 Olympic 400metre hurdles champion David Hemery included, Drogba was required to meet at Lime Kiln to board the bus that deposits torchbearers along the route.
Fans wearing Chelsea shirts appeared, waiting two hours for a glimpse of their hero, who repaid their patience with signatures and photographs before climbing aboard for his brush with the Olympics.
Before Drogba’s rapturously-received trot through Swindon, the torch passed through Royal Wootton Bassett. Its inhabitants are used to sombre parades in a town synonymous with the repatriation of Britain’s war dead, but the atmosphere was transformed on Wednesday.
Every school had the morning off, the children lining the roads clutching flags and cardboard torches. Members of the Purton Amateur Dramatic Society danced a cancan on a roundabout. The residents of the Bassett Care Home assembled to watch from the other side of the road.
In her front garden Audrey Wannell draped the flags of Wiltshire, Royal Wootton Bassett and England beneath the bunting and poured champagne for her neighbours.
“We are having strawberries and champagne because we are very excited about the Olympics,” she said. “We didn’t get any tickets, but we thought we would have our own party today.”
By the war memorial, servicemen joined crowds five-deep who watched Ben Fox, born with one leg and nursing ambitions to play wheelchair basketball at the 2016 Paralympics, carry the torch.
Hemery, who lives in nearby Marlborough, said it was an honour to run the first leg in Royal Wootton Bassett. “It is very symbolic. For me the flame represents the Olympic truce, and I hope it could be a focus for thinking about peace. This is a very meaningful site that has honoured those servicemen who, like it or not, have done their political masters bidding.”
From Royal Wootton Bassett the flame travelled to Swindon, preceded by the three sponsors’ vehicles transporting youthful promotional staff whose job is to stoke enthusiasm for the torch along the route. This is the major difference between London’s torch relay and Beijing’s.
While China used special-forces troops to face down opponents, London is relying on the sponsors’ ‘fluffers’. On the Coca-Cola Beat Box, a red mobile disco, staff who look like they might have drunk too much of the product, dance, wave and hand out free samples.
It works, though. The crowds react with a cheer and every wave from the bus is returned 10-times over.
A long day ended in Cheltenham with a royal turn at Prestbury Park, where an estimated crowd of 16,500 turned to watch their local 14th-in-line to the throne ride the final leg. Phillips received the flame aboard her world championship-winning mount Toytown, and lit a cauldron to the sort of reception usually reserved for Festival winners.
Today, the torch travels to Wales. Within a fortnight it will have been to Northern Ireland, Dublin and Scotland. If the reaction there is anything like this, we can score it a triumph, or suspect magic.
London close: Stocks sink on Greek exit speculation - Life Style Extra
- BoE policy makers 'finely balanced' on more QE
- CBO warns of US recession
The FTSE 100 sunk to its lowest levels of the day by the end of trade on Wednesday as investors looked ahead to this evening's EU summit with caution as speculation increases over a Greek exit from the Eurozone.
International pressure has been mounting on Eurozone leaders to take quick action to stave off the recession that threatens the region. The European Council is holding an informal dinner Wednesday evening at 18:00 London time, where the members are expected to discuss both the situation in Greece and measures to increase growth.
Former Greek Prime Minister Lucas Papademos has said that although a Greek exit is unlikely, "it cannot be excluded that preparations are being made to contain the potential consequences" of such a scenario. He later clarified that he has no specific knowledge of any countries of institutions making contingency plans but could not "exclude the possibility".
According to an article by Reuters this afternoon, three officials of the Eurogroup Working Group (EWG) have said that countries should be planning for a Greek exit. "The EWG agreed that each Eurozone country should prepare a contingency plan, individually, for the potential consequences of a Greek exit from the euro," one official said. Germany's Bundesbank has said that a withdrawal from the single currency would be "considerable but manageable".
Gloomy comments from the US Congressional Budget Office (CBO) were also dampening the mood today. The CBO warned of a risk of recession for the world's largest economy in 2013 if the Bush-era tax reductions were allowed to expire at the same time as spending cuts come into effect. It said that the US economy could contract by 1.3% in the first half of next year as the government falls off a "fiscal cliff".
UK economy
In domestic news, the Bank of England's top decision makers indicated that more of them were on the verge of voting to increase stimulus measures at their lasting meeting. While the Monetary Policy Committee voted 8-to-1 to keep the Bank's quantitative easing programme steady at 325bn, the minutes of the meeting showed that "for several members, the decision not to expand the asset purchase programme at this meeting was finely balanced".
UK retail sales registered their biggest monthly fall in April, with fuel sales tailing off dramatically after the panic buying in March, when motorists were encouraged by the government to stock up on petrol.
FTSE 100: Miners bear the brunt of risk aversion
The blue-chip miners were dominating the fallers list on the Footsie as metals prices dropped on concerns that the Chinese economy may be affected greatly by Greece leaving the euro: investment bank China International Capital Corp said today that the world's second-largest economy could see its lowest levels of growth in more than two decades in this scenario. Mining peers Vedanta Resources, Kazakhmys, Polymetal, Xstrata, Glencore, Fresnillo, Rio Tinto, and Antofagasta were all suffering heavy losses.
Financials were also unwanted due to risk aversion. Barclays was out of favour after it announced the pricing details of the open offer part of its recently announced sale of its stake in US wealth management giant Blackrock. Meanwhile, there were rumours that the lender could be thinking about a shake-up in Italy, which could involve the sale of branches or a restructuring. Sector peers RBS, Lloyds and HSBC also finished lower.
Iconic British luxury brand Burberry dropped despite reporting solid profit growth in the year ended March 31st. Adjusted profit before tax increased by 26% from 298m to 376m, broadly in line with estimates. Analysts at Investec said this morning that bears make "take issue" today given the lack of upgrades following the results.
There were only a few stocks that finished with their head above water today: British Sky Broadcasting (BSkyB) rose after the Competition Commission announced that it was no longer concerned that 'Sky Movies' has an unfair advantage over its competitors; while Smith & Nephew was benefiting from renewed bid speculation.
FTSE 250: LSE falls after Italian banks sell up
Italian banks UniCredit and Intesa Sanpaolo have announced that they have sold their combined 11.5% stake of market operator London Stock Exchange (LSE), causing shares to take a tumble today. The banks made the transaction via an "accelerated bookbuild" at 960p per share, a discount to Tuesday's closing price.
Second-tier miners were firmly lower, like their FTSE 100 counterparts - Ferrexpo, Petropavlovsk and Avocet registered significant losses by the close. Aquarius Platinum was also under pressure due to the news of a fire at its Mimosa mine in Zimbabwe. "At this stage, the extent of the damage and impact on production cannot be ascertained," Aquarius said.
Buses and trains operator FirstGroup was a high riser after saying that it is to shake up its UK bus operations to focus on those areas that offer the greatest potential for growth. The group announced full-year results for the year to the end of March that were slightly ahead of expectations.
FTSE 100 - Risers
Smith & Nephew (SN.) 594.50p +0.42%
British Sky Broadcasting Group (BSY) 693.00p +0.36%
Aberdeen Asset Management (ADN) 241.30p +0.04%
FTSE 100 - Fallers
Vedanta Resources (VED) 951.50p -9.12%
Kazakhmys (KAZ) 679.50p -7.86%
Man Group (EMG) 73.10p -5.86%
Polymetal International (POLY) 794.00p -5.42%
Fresnillo (FRES) 1,312.00p -5.41%
Aviva (AV.) 263.90p -5.14%
Tullow Oil (TLW) 1,337.00p -5.04%
Rio Tinto (RIO) 2,790.50p -4.97%
Glencore International (GLEN) 343.65p -4.96%
Xstrata (XTA) 926.20p -4.80%
FTSE 250 - Risers
FirstGroup (FGP) 220.10p +7.42%
Ocado Group (OCDO) 107.80p +5.89%
COLT Group SA (COLT) 118.70p +5.14%
Great Portland Estates (GPOR) 392.90p +2.80%
Petra Diamonds Ltd.(DI) (PDL) 128.80p +2.79%
Paragon Group Of Companies (PAG) 160.80p +2.42%
Spirent Communications (SPT) 157.30p +2.28%
KCOM Group (KCOM) 69.00p +2.22%
Daejan Holdings (DJAN) 2,725.00p +2.14%
Lamprell (LAM) 103.00p +1.98%
FTSE 250 - Fallers
Ferrexpo (FXPO) 204.40p -10.82%
Aquarius Platinum Ltd. (AQP) 74.80p -10.10%
Petropavlovsk (POG) 380.50p -9.10%
London Stock Exchange Group (LSE) 947.00p -7.25%
Essar Energy (ESSR) 112.80p -6.70%
Kenmare Resources (KMR) 41.39p -6.48%
Avocet Mining (AVM) 143.50p -6.45%
New World Resources A Shares (NWR) 316.30p -6.42%
Talvivaara Mining Company (TALV) 146.90p -6.25%
Lonmin (LMI) 736.00p -6.18%
BC
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