What the other papers say this morning – 30 June 2014 June 30, 2014 FINANCIAL TIMES Value of M&A hits $1.7 trillion Deal frenzy, animal spirits, merger mania – call it what you like, it is back. The value of global mergers and acquisitions hit $1.75tn in the first six months of the year, a 75 per cent rise on the same period last year and the highest since [...]
Investors flood into TSB shares after low pricing June 9, 2014 Investors had placed orders for all of the TSB shares up for sale by yesterday evening, City A.M. understands. Yesterday morning the shares, amounting to 25 per cent of the new high street bank, were priced at between 220p and 290p each. The price would value the bank at between £1.1bn and £1.45bn, below the [...]
Eight charts that sum up 2014 December 22, 2014 This year will be remembered for the fragmentation of mainstream politics, Scotland's near exit from the 307-year old union and an economy which the Bank's chief economist Andy Haldane described as "writhing in both agony and ecstasy." What does all that look like? Here are eight charts that sum up the year. (Source: Getty) 1. [...]
BoE had prepared emergency bank fund in event of Scottish independence referendum Yes vote October 10, 2014 The Bank of England had prepared emergency funding if Scotland voted for independence, and warned over the possible impact it could have on the UK's credit rating, it has emerged. Minutes of discussions by the BoE's financial policy committee (FPC) published today show detailed contingency plans had been put together, including provisions for banks [...]
Albemarle & Bond finds suitor to help rescue remnants of firm April 14, 2014 BROKEN pawnbroker Albemarle & Bond will be sold by its administrators PwC this week to a private equity consortium led by Promethean Investments. The company, which was de-listed from the London stock exchange after its shares became worthless, is expected to see some of its stores rescued by Promethean and Apollo Global Management. “Mike Jervis, [...]
Fed blow to Citi as five banks fail stress tests March 26, 2014 THE FEDERAL Reserve last night rejected plans by Citigroup and the US subsidiaries of HSBC, Royal Bank of Scotland and Santander to buy back shares or raise dividends. The Fed said that there were “qualitative concerns” over the five US banks’ capital plans, warning they would not allow them to survive in the event of [...]
Mike Ashley in talks to buy 33 LA Fitness sites May 14, 2014 SPORTS Direct’s billionaire owner Mike Ashley has set his sights on expanding into the health and leisure industry, with plans to buy 33 sites from LA Fitness. The health club chain confirmed yesterday that it was in talks with the Newcastle United football club owner over the 33 sites, which had been put up for [...]
Goldman Sachs forecasts Tories will win the 2015 General Election January 6, 2015 Journalists, pundits and pollsters are widely agreed that this year's General Election is the most unpredictable in decades. The rise of the SNP in Scotland, Ukip in England, the Greens threatening Labour's left flank, coupled with a general loathing of Westminster establishment politics, is leaving most commentators unable or unwilling to give their predictions. However, [...]
ACA, ACCA or CIMA: How to choose and which is better? February 12, 2015 Each qualification has its own merit for those seeking a career in accounting but there are key differences. Each accountancy qualification on the market has its own strengths and weaknesses in terms of course structure and career focus. Arguably, the most prestigious qualifications are offered by the Association of Chartered Certified Accountants (ACCA), the Institute [...]
London growth strengthens as UK rebounds December 7, 2014 Economic growth in the UK rose to a stronger pace in November, new survey data shows. The UK purchasing managers’ index – a survey of private sector firms – rose to 57.6 in November from October’s 55.8, according to figures released today by Lloyds Bank. A score above 50 signifies expansion. The figures represent a [...]