Banks, businesses and unions give their views on the Autumn Statement November 29, 2011 THE BRITISH BANKERS’ ASSOCIATION The BBA is the leading trade association for the UK banking and financial services sector, speaking for over 200 member banks DIRECTOR GENERAL ANGELA KNIGHT “This Autumn Statement makes a serious addition to the large sums already being lent to the business community by the banks. With the Eurozone crisis putting [...]
Banks, businesses and unions give their views on the Autumn Statement November 29, 2011 THE BRITISH BANKERS’ ASSOCIATION The BBA is the leading trade association for the UK banking and financial services sector, speaking for over 200 member banks DIRECTOR GENERAL ANGELA KNIGHT “This Autumn Statement makes a serious addition to the large sums already being lent to the business community by the banks. With the Eurozone crisis putting [...]
Economic fears stalling US recovery: Beige Book October 20, 2011 THE US economic outlook grew dimmer in September, leading businesses to be wary of spending and of building up inventories ahead of the holiday sales season, the Federal Reserve’s Beige Book revealed last night. US stocks fell after the Beige Book was released, while Treasury debt prices rose on its glum economic outlook. In more positive [...]
Rebalancing the economy is a priority: The carbon floor price needs to be scrapped November 17, 2011 POLITICIANS of all parties are keen that the British economy’s fortunes depend less on the work of City A.M.’s readers. Chuka Umunna – Labour’s shadow business secretary – told Bloomberg this week that under the last government growth “was too concentrated in too few sectors, and in too few regions”. Similar sentiments have been expressed [...]
Avanti losses widen October 3, 2011 Satellite operator Avanti Communications Group posted a much wider full-year loss on higher costs after it decided to manage three satellite projects instead of one in the period. Avanti, whose results for the year include the first revenue from its superfast broadband satellite HYLAS 1, said it started the early-stage work for the construction of [...]
FTSE in modest gains as Italy and Greece fight to win back market credibility November 11, 2011 Banks led modest FTSE 100 gains in early trading as Greece and Italy fought to convince investors that they could fight back from the economic abyss. Italy, the latest Eurozone nation to come under pressure in the bond market, moved closer to a national unity government, while its treasury managed to sell one-year bills at [...]
WHAT THE OTHER PAPERS SAY THIS MORNING December 20, 2011 FINANCIAL TIMES BP, TOTAL AND STATOIL SECURE ANGOLA RIGHTS A new exploration frontier off the coast of Angola that may be similar to oil fields found in Brazil is to be opened after the government of the African country awarded drilling rights to some of the world’s largest energy groups. Britain’s BP, Total of France [...]
To keep the economy flying we need more air capacity: Heathwick is our best hope October 13, 2011 AS AN island nation, the ability to move people and goods effectively and quickly to and from our shores is of vital importance to British business”. So says David Frost, former director-general of the British Chamber of Commerce, and he couldn’t be more right. A culture that throws so many obstacles in the way of [...]
How to preserve capital, keep your risks low and hold onto your wealth November 30, 2011 IT IS one of the many paradoxes of life that we tend to save more when times are bad, and less when times are good. The reasoning is simple; when times are good, it does not seem so important to save money, as we feel confident about the future. In the same way, when times [...]
DP World sees 2013 London ports launch October 4, 2011 DUBAI-BASED ports operator DP World expects its new London Gateway deep-sea container port to be operational by the fourth quarter of 2013, it said yesterday, with spending on the project set to continue apace despite the economic gloom. London Gateway, located about 25 miles east of central London on the north bank of the river [...]