Four appointed to join BoE panel June 10, 2009 THE Bank of England (BoE) yesterday confirmed the appointment of senior business figures Roger Carr, David Lees, Mark Tucker and Harrison Young as members of its Financial Stability Committee. The governor and two deputy governors of the central bank also sit on the committee, set up earlier this year to beef up the Bank’s oversight [...]
Four appointed to join BoE panel June 10, 2009 THE Bank of England (BoE) yesterday confirmed the appointment of senior business figures Roger Carr, David Lees, Mark Tucker and Harrison Young as members of its Financial Stability Committee. The governor and two deputy governors of the central bank also sit on the committee, set up earlier this year to beef up the Bank’s oversight [...]
Results season begins as BT and National Express report July 26, 2009 THE company reporting season gets into full swing this week, with a slew of companies issuing numbers including BP, Shell and BT to name just three FTSE 100 giants. National Express, the rail and coach operator that recently became a takeover target after losing its franchise for the East Coast main line, reports on Thursday [...]
WHAT THE OTHER PAPERS SAY THIS MORNING July 9, 2009 FINANCIAL TIMESSTRATEGIC REVAMP FOR LLOYD’SLloyd’s of London has begun the biggest strategic review it has undertaken this decade in an attempt to ensure the more than 320-year-old insurance market does not fail in exploiting the gaps in the market thrown up by the financial crisis. The institution, which deals in insurance risks from all over the [...]
Oils and banks lift the large caps but defensives slide June 29, 2009 THE FTSE 100 gained 1.3 per cent yesterday, boosted by strength in oil majors and banks, and reflecting early gains on Wall Street. The index closed 53.02 points higher at 4,294.03, recovering most of last week’s 1.5 per cent decline. “What is most impressive about today’s rally is the breadth of the buying. Most sectors [...]
Savvy traders look to profit from surge in takeover deals July 20, 2009 FOLLOWING a dearth of mergers and acquisitions (M&A) activity during the depths of the financial crisis, upbeat figures released last Friday by Thomson Reuters showed that UK target M&A is up 39 per cent year-to-date compared to the same period last year. There has been a recent pick-up in global M&A activity with London dominating [...]
CBI president elect tells firms to hire women May 18, 2009 FORMER Economist editor Helen Alexander has told firms to hire more women for boardroom roles, just hours after being nominated as the next president of industry union the CBI. Alexander warned yesterday there is a risk of “group think” at firms that only put white men in senior roles, arguing the benefits of diversity justify [...]
Economic cheer sees FTSE break through 4,500 barrier June 1, 2009 THE FTSE 100 ended 2 per cent, or 88.25 points, higher yesterday at 4,506.19 as some unusually upbeat data saw optimism about the global economy rise. Mining stocks led the charge, as metal prices firmed, bolstered by hopes for increased demand particularly following bullish Chinese data. China’s official purchasing managers index for May stayed above [...]
FIRST WOMEN GATHER AT GALA TALENT SHOW June 11, 2009 THERE’S nothing a bunch of hard-working businesswomen like better than listening to one of their own knowing how to send herself up in style. So it should come as no surprise that the star of this year’s First Women Awards, held last night in the luxurious surroundings of the Marriott Grosvenor Square, was Deloitte veteran [...]
Fresh call for BE deal August 26, 2008 Invesco, the largest single shareholder in British Energy, is meeting today with government representatives to push for a merger between the UK’s nuclear group and gas supplier Centrica. Invesco’s head of investment Neil Woodford will lay out his plans to the Shareholder Executive, the body that manages government financial interest in public companies. Last week [...]