As the Greek saga continues, can only fiscal integration secure the Eurozone’s future? June 4, 2015 Lydia Prieg, a PhD student at the University of Cambridge, says Yes Greater fiscal union is the only sustainable solution for the Eurozone. Without coordinated redistribution, some countries are enjoying artificially low exchange and interest rates. This boosts exports and growth. Other countries have inappropriately high exchange and interest rates, which hinder exports and growth. [...]
Fifa’s sponsors will welcome corruption scrutiny – but only for so long June 4, 2015 Corruption allegations aside, Sepp Blatter’s decision to resign was the right move for Fifa, its sponsors and football. Fifa is now faced with the challenge of rebuilding its reputation. Had it not had the monopoly on international football, the organisation would be dead in the water by now. However, responsibility for reshaping the [...]
SVG Capital puts Hugo Boss back on the sales rack but keeps focus June 1, 2015 SVG Capital netted £287m over the last three months as the private equity firm completed its divestiture of Hugo Boss shares it emerged yesterday. In addition, the firm said it had partially sold down its stake in Arysta LifeScience and expected to make at least one new investment commitment and further co-investments this year. The [...]
Who owns ideas in the workplace? May 28, 2015 There are several grey areas, but employers can take steps to stop staff lifting material. The film The Social Network dramatises the story behind the setting up of Facebook. Early in, Facebook founder Mark Zuckerberg, played by Jesse Eisenberg, is asked by fellow Harvard students the Winklevoss twins to help them set up a [...]
Fifa 16 to feature women’s teams for the first time May 28, 2015 Women's teams will feature on the forthcoming Fifa '16 video games – marking the first time women's football has featured in EA Sports' popular franchise. Players will be able to take control of 12 international women's teams, including England, Germany and the USA – all of whom are due to feature at next month's World [...]
HP second quarter earnings: Share price rises in extended trading after a mixed bag of results May 21, 2015 Hewlett Packard (HP) announced disappointing earnings this afternoon, with revenues missing analysts expectations. Earnings came in at $25.5bn, but analysts had expected earnings of $25.64bn and earnings per share of $0.86. On the latter measure, HP beat the predictions by a penny. Shares rose as much as three per cent in extended trading. Why it’s [...]
Chris Tremlett: I’m not sure we’ve seen the last of Kevin Pietersen in England colours May 13, 2015 It was one of the best knocks I have ever seen and I was lucky enough to be down the other end for some of it. I am, of course, talking about Kevin Pietersen’s career-best innings of 355 not out against Leicestershire at the Kia Oval. Batting at No10, I joined him when he [...]
Saga share sale increased after demand grows May 12, 2015 Advidors were forced to increase the size of the Saga share sale to 122.5m yesterday evening after strong demand. The shares will be priced at 195p. Acromas had earlier announced that it intended to sell a minimum of 77m shares in specialist insurance group Saga, representing a seven per cent stake in the company. The [...]
Saga investors rewarded with 4.1p dividend as insurer posts 9.6pc jump in pre-tax profit April 30, 2015 Specialist insurer Saga posted a 9.6 per cent jump in pre-tax profit for the year ended 31 January 2015, up to £195.5m from £178.3m the year before. The company, which targets the over-50 market, failed to live up to expectations when it listed on the London Stock Exchange in May last year. It floated [...]
UK Oil & Gas’ share price saga is just another symptom of Aim’s lack of regulation April 29, 2015 Yesterday's revelation that UK Oil & Gas (UKOG) doesn’t yet have permission from the regulator to drill in the Gatwick area will revive the recent saga surrounding claims that there could be 100bn barrels of untapped oil resource in the Horse Hill area once more. With this will, no doubt, come questions once more [...]