Once a so-called rainmaker at investment bank JPMorgan (JPM.N), he brought in clients, money and respect thanks to his bulging contact book. But the former soldier, dubbed “king of mining” because of his weight in the resources sector, fell foul of the regulator and was fined 450,000 pounds ($730,000) in 2012 over two emails sent on behalf of a client which the regulator considered contained “inside”, or potentially market-moving, information. Hannam quit his job as chairman of capital markets at JPMorgan last year to fight the penalty – one of the highest levied in Britain against an individual. He is seeking to restore his reputation with an appeal that began in July. Lawyers on both sides presented concluding arguments on Thursday, before the judge-led Upper Tribunal retired to consider a decision, a process which could take months. The Financial Conduct Authority, which replaced the Financial Services Authority this year, has not questioned Hannam’s honesty, but has accused him of having a “relaxed and improper” attitude, and spoke on Thursday of “casual” disclosure beyond that allowed and necessary to do his job. “While it is not suggested that Mr Hannam intended to commit market abuse, his behavior cannot be described as an entirely innocent breach,” the FCA said in its written closing statement. “The fact that a person is honest does not mean he automatically escapes serious criticism and a significant penalty,” it said. Hannam, though, has denied the emails contained inside information and argues that even if they did, the disclosures were made in the course of his job as a financial adviser. In a written closing statement, his lawyers added the recipient of the information – a Kurdish minister and oil industry veteran – “understood his responsibilities in relation to potentially sensitive information”. OPENING THE FLOODGATES Hannam was accused in 2012 by the then FSA of sending two emails in 2008 on behalf of a client, Heritage Oil (HOIL.L), which included what the regulator considers “inside” information – on a potential takeover and on a potential oil discovery. No-one traded on the information in Hannam’s emails and the regulator did not remove his “fit and proper” status, required for working in London’s financial sector. But the regulator, which has sought to make an example of a banking heavyweight, argued on Thursday there should have been a clear need to disclose, as well as clarity that the recipient of the messages, in this case Kurdish minister Ashti Hawrami, was aware of the need for confidentiality.
To celebrate 150 years of both, they’ve created a limited edition tube map, which swaps the 367 Tube, DLR and Overground station names for those of football greats. Players appear at stations relevant to their success Credit: London Underground/FA A number of the past and present footballers appear at stations with special relevance. Leytonstone marks the place of David Beckham’s birth, Arsenal is changed to the club’s England midfielder Jack Wilshere and Upton Park becomes 1966 World Cup-winning captain and West Ham United great, Bobby Moore. David Beckham lends his name to Leytonstone Credit: Dominic Lipinski/PA Each tube line represents a different footballing ‘category’ Credit: London Underground/FA Below are the stations with particular relevance to the given names: Denmark Hill – Peter Schmeichel, Former Danish international Highbury & Islington – Dennis Bergkamp, Arsenal legend New Cross Gate – Tim Cahill, Former Millwall favourite Norwood Junction – Attilio Lombardo, Former Crystal Palace favourite Crystal Palace – Mile Jedinak, Current Palace star Queen’s Park – Pavel Srnicek – Former QPR favourite Wembley Central – Eric Cantona, FA Cup Winner at Wembley North Wembley – Nicolas Anelka, FA Cup Winner at Wembley (and scored twice for France v England) Shepherd’s Bush -Rodney Marsh, QPR legend Lancaster Gate – Sir Bobby Charlton, England legend/Former FA Councillor Totttenham Court Road – Jimmy Greaves, Tottenham legend Liverpool Street – Ian Rush, Liverpool legend Leytonstone – David Beckham (place of birth) Newbury Park – Mick Channon Fulham Broadway – John Terry, Chelsea legend Putney Bridge – Tony Gale, Former Fulham favourite Wimbledon – Andy Thorn, Former Wimbledon favourite St. James’s Park – Joe Harvey, Newcastle legend West Ham – Billy Bonds, West Ham legend Upton Park – Bobby Moore, West Ham legend Watford – Graham Taylor, Former Watford manager Wembley Park – Sir Alf Ramsey, World Cup-Winning manager at Wembley Tooting Broadway – Alex Stepney, England goalkeeper started career at Tooting & Mitcham United South Wimbledon – Dave Beasant, Wimbledon legend Arsenal – Jack Wilshere, Current Arsenal star Finsbury Park – Theo Walcott, Current Arsenal star St. John’s Wood – Ian St. John Woolwich Arsenal – Eddie Hapgood, Arsenal Legend. Credit: London Underground/FA “Football and London Underground have always been closely linked – from the early days of the game, to jubilant fans travelling to and from Wembley on the Jubilee line and the hundreds of thousands that use the network to get to games every weekend today.” Phil Hufton, Chief Operating Officer of London Underground Credit: London Underground/FA Players capped more than 100 times are specially marked Credit: London Underground/FA Players who have been capped more than 100 times for England including Rachel Yankey, Peter Shilton and Steven Gerrard, are marked with special icons, as are England players with more than 40 goals, including FA150 ambassador Michael Owen and Gary Lineker. The map also singles out those who have won five or more FA Cups – such as Ashley Cole and pre-war players Jimmy Forrest and Charles Wollaston. It also includes symbols to show those who have been Knighted – Sir Geoff Hurst, Sir Trevor Brooking, Sir Walter Winterbottom and Sir Alf Ramsey – or are a Peer of the Realm, like Arthur Kinnaird. The map marks 150 years for the London Underground and the FA Credit: London Underground/FA “Creating this special version of such an iconic map is a fitting way for The FA and London Underground to mark its shared 150th anniversaries. With the map featuring so many greats from the history of the game, it is sure to generate huge debate amongst fans as well.” Alex Horne, General Secretary of The Football Association The map was collated by the Football Association’s historian David Barber.
Football Thursday: Can ‘Madden’ video game do more to help NFL in London than the Jaguars?
The Vikings invaded Regent Street last week in London. (AP) The NFL is determined to make London work. Anyone who doubts that should have been standing Saturday afternoon on the city’s biggest shopping avenue, Regent Street between the Oxford and Piccadilly Circuses. This is because the NFL had the road closed to traffic and filled 2,000 feet of pavement with every gimmick it knows to shove itself into Europe’s awareness. There were races on Jaguar-themed moonbounces, inflatable rooms in which one could catch balls shot from pitching machines just like the pros do, places to kick field goals, and a stage behind which fans could wait 90 minutes to get their picture taken with the Lombardi Trophy. There were trailers selling American burgers, a spot where old men dressed like Elvis square danced to techno pop, not to mention a television blaring the Jaguars’ 2012 highlights, and a booth for the City of Jacksonville as if to say: we’ll give you our team if you come visit our miles of beautiful beaches. . Tim Tebow’s popularity extends to Europe, at least for this fan. (Y Sports) “People will say, ‘Oh wait a minute this is supposed to be a sport but it’s not about the sport, it’s about the advertising,'” said Riki Samuel, Gur’s father, as he and his son waited to enter Wembley on Sunday. “‘How do you stop a game to show an advert?’ People actually say this.” When Gur Samuel tries to recruit friends to watch NFL games, he often loses them at the change of possessions when the ads come on in the U.S. Since British channels don’t sell many of the commercial breaks, they fill the void with endless five-minute cuts to studio shows, where one or two analysts sit around small tables with hosts and talk about the previous handful of plays in a tedious exercise. “People don’t want their attention broken up by adverts,” he said. This is an issue for an NFL that desperately wants to reach young people in the UK. It figures it can only do so much with people over the age of 30. Those fans have their sports and their teams, and the NFL believes they aren’t going to be as open to accepting the NFL as younger people who might be willing to embrace an American sport.