What the other papers say this morning February 26, 2013 FINANCIAL TIMES Esure warned against overpricing Top fund managers have warned Esure against overpricing its initial public offering as the motor and home insurer prepares to launch London’s latest float as early as today. Bankers were yesterday finalising the details of the planned float as analysts said that the most recent publicly available accounts indicated [...]
Apple settles app purchase case February 26, 2013 Apple has agreed to settle a US class action lawsuit that said customers were charged when their children inadvertently downloaded certain applications from the company’s online store. Under the proposed settlement, Apple could potentially end up paying around $100m as it has agreed to provide a $5 iTunes store credit to as many as 23m affected [...]
RHETORIC RARELY SHIFTS CURRENCIES February 18, 2013 DURING the first Obama administration, Treasury secretary Tim Geithner took as many opportunities as possible to bleat about China refusing to devalue its currency – the yuan or the renminbi – against the dollar. The US and other countries were nursing gargantuan trade deficits with China. Clearly, the Chinese economic star was then in the [...]
Hundreds join iPhone lawsuit against Google January 28, 2013 HUNDREDS of British iPhone users yesterday piled into a class action lawsuit against Google that claims the company bypassed Apple security measures to track web habits. Law firm Olswang is bringing the case against the web company, claiming that Google illegally installed tracking files – known as cookies – on products that use Apple’s Safari [...]
Get set for Europe’s finest boatshow January 7, 2013 The Tullett Prebon London Boat Show returns to ExCeL London from 12-20 January 2013 and promises to light up the capital with a stunning showcase of all things marine. The annual Show, this year situated within ExCeL’s South hall, is widely renowned for being the first place to see the newest marine innovations, designs and [...]
Britain is a country of extremes: We either love or we hate November 25, 2012 A FEW years ago, Britain was ridiculously complacent, blind to everything that was going wrong in the economy, determined not to notice the irrational exuberance, the monetary pump-priming, the fiscal profligacy, the epidemic of stupid decisions and the deliberate malfeasance. We were a nation in the grip of an insane bubble yet anaesthetised by cheap [...]
End of Watch is a wild ride November 22, 2012 FILM END OF WATCH Cert 15 **** Plaudits are deserved by anyone who manages to do something new with the guns and drugs cop movie. Director David Ayer’s documentary-style camera work, combined with excellent central performances, ensure that End of Watch makes a fresh contribution to a tired genre. It begins with Brian Taylor (Jake [...]
Spending billions on buybacks is a cautious move November 18, 2012 THE concept of “having closure”, weirdly popular in American culture, is not something BP is all that familiar with. But the oil major quite likes the idea. Its record $4.5bn (£2.84bn) penalty and guilty plea to felony charges went some way last week to clearing the way back from the bottom of the Gulf of [...]
BP eyes share buyback after Gulf settlement November 18, 2012 OIL giant BP hopes to use some of its Russian windfall to pay for a multi-billion pound share buyback next year. The FTSE 100-listed firm is thought to be looking at plans to snap up shares worth at least £2.5bn to make sure its investors do not lose out in the wake of its cash [...]
British Airways helps boost IAG traffic by 3.2 per cent in October November 6, 2012 INTERNATIONAL Airlines Group yesterday posted a strong rise in October traffic, as a robust performance from British Airways made up for weakness at Spanish sister firm Iberia. Traffic, measured in revenue passenger kilometres, rose by 3.2 per cent versus October 2011, while passenger load factor – a measure of how well it fills its planes [...]