Cameron calls on insurers to cut premiums February 13, 2012 DAVID Cameron will today announce plans to reduce insurance premiums by cutting red tape, reducing legal bills and tackling the high number of spurious claims. Proposals include a plan to reduce the number of whiplash claims by enforcing a higher evidence threshold for injuries and cutting the £1,200 fee that lawyers can earn for small [...]
Cameron calls on insurers to cut premiums February 13, 2012 DAVID Cameron will today announce plans to reduce insurance premiums by cutting red tape, reducing legal bills and tackling the high number of spurious claims. Proposals include a plan to reduce the number of whiplash claims by enforcing a higher evidence threshold for injuries and cutting the £1,200 fee that lawyers can earn for small [...]
Labour: no Hester bonus January 22, 2012 LABOUR leader Ed Miliband yesterday challenged David Cameron to block a bonus for RBS chief executive Stephen Hester which many think will be around £1m. He said the coalition’s treatment of Hester would be a test. He told the BBC: “Taxpayers are still, you know, footing the bill for what’s happening at the Royal Bank [...]
Labour: no Hester bonus January 22, 2012 LABOUR leader Ed Miliband yesterday challenged David Cameron to block a bonus for RBS chief executive Stephen Hester which many think will be around £1m. He said the coalition’s treatment of Hester would be a test. He told the BBC: “Taxpayers are still, you know, footing the bill for what’s happening at the Royal Bank [...]
RBS launches China desk February 16, 2012 Royal Bank of Scotland has formed a new London-based team focusing on helping European and Chinese companies tap into each other’s markets, as Britain aims to boost London’s role as a key offshore trading hub for China’s yuan currency. RBS, which is 83 percent owned by the British government following a state bailout during the [...]
FTSE posts slim gain after Budget March 21, 2012 London’s blue chip index posted a marginal gain on closing after a volatile session as strength in market heavyweight Vodafone countered weaker commodity stocks hit by below par US data which revived concerns over demand for metals. The UK blue chip index closed up 0.54 points, or 0.01 per cent, at 5,891.95, surrendering a 0.3 [...]
THE TIPSTER TRADERS HOPING TO BOOK SUITE OF PROFITS February 20, 2012 RESULTS last week from Intercontinental Hotels pointed to a resurgence in bookings outside of the beleaguered Eurozone, so investors in Millenium & Copthorne will be hoping that the company can replicate its larger peer’s success in areas such as China and the US. The operations in these areas should benefit from continuing economic growth, so [...]
RBS to cut 3,500 investment banking jobs January 12, 2012 Part-nationalised Royal Bank of Scotland is to cut about 3,500 jobs as it sells and shrinks parts of its investment bank over a three-year plan to further reduce risk. RBS, 83 per cent owned by the government, said it will exit from cash equities, corporate broking, equity capital markets and mergers and acquisitions businesses. It [...]
RBS chairman: Board never threatened to quit in row over Hester bonus February 3, 2012 Pay in the banking industry has been high for too long and needs to be “corrected,” the chairman of Britain’s state-backed Royal Bank of Scotland said. He also moved to deny that the RBS board had even discussed whether to resign if the government moved to officially overturn the award of a bonus of almost [...]
US inflation rises February 17, 2012 US petrol prices jumped 0.9 per cent in January, pushing overall consumer prices up at their fastest pace in four months and offering a reminder of the risks energy costs could pose to the economic recovery. The Consumer Price Index rose 0.2 per cent, according to figures from the Labor Department is unlikely to ring [...]