China’s first interest rate rise since 2007 drags FTSE down October 19, 2010 China’s first interest rate rise since 2007 hit mining shares and dragged the FTSE 100 lower yesterday, offsetting gains from banks after solid results from Bank of America and Goldman Sachs. At the close, the FTSE 100 index was down 38.63 points, or 0.7 per cent at 5,703.89, having earlier dipped below the 5,700 level [...]
WHAT THE OTHER PAPERS SAY THIS MORNING September 5, 2010 THE SUNDAYS The Sunday Telegraph NATIONAL GRID IN $26M US INQUIRY National Grid is facing an investigation by United States regulators over allegations it is trying to charge more than $26m in excessive costs to American consumers, including management expenses for private school tuition fees and the transatlantic shipment of a wine collection. The claims [...]
FTSE weighed down by banks and UK economic data, despite energy surge September 16, 2010 BRITAIN’S top shares closed lower yesterday, weighed by banks which slipped after recent strength, while retailers fell on downbeat UK economic data, countering gains in energy stocks. The FTSE 100 closed down 15.42 points or 0.3 per cent, at 5,540.14, having fallen 0.2 per cent in the previous session. That was its first daily decline [...]
PETROFAC’S AYMAN ASFARI NAMED AS UK ENTREPRENEUR OF THE YEAR October 18, 2010 IN A climate where repairing the frazzled economy is paramount, it seemed fitting to see hundreds of the UK’s most successful company bosses and their advisers, bankers and friends gather at the Park Lane Hilton last night to celebrate the heroes of the recovery – entrepreneurs – at the Ernst & Young Entrepreneur of the [...]
Firms hit out at retirement age proposals July 29, 2010 BUSINESS groups yesterday rounded on plans to scrap the default retirement age (DRA), accusing the government of rushing the proposals through without proper consultation. From next October, firms will be unable to automatically lay off staff when they reach 65, allowing millions to work into their 70s and 80s. The DRA?will be scrapped in October [...]
EU targets bonuses in power grab October 7, 2010 THE EUROPEAN Union charged ahead with its crackdown on the banking industry yesterday, as several bodies outlined tougher-than-expected rules on pay, bonuses and tax that could radically alter the City. Finance watchdogs from the 27 member states met in London yesterday to flesh out the first Europe-wide rules to curb bankers’ pay, agreed earlier in [...]
Time to offload Lloyds to save the City’s skin October 12, 2010 Politics can be so unpredictable that a week seems a long time, but there is one prediction that can be made with certainty: a car crash between bankers and politicians just in time for Christmas. The fall out could be so severe that it could lead to the demise of London as a financial services [...]
Time to offload Lloyds to save the City’s skin October 12, 2010 Politics can be so unpredictable that a week seems a long time, but there is one prediction that can be made with certainty: a car crash between bankers and politicians just in time for Christmas. The fall out could be so severe that it could lead to the demise of London as a financial services [...]
HOW DO YOU RATE THE COALITION’S FIRST 100 DAYS IN POWER? August 17, 2010 DR PATRICK NOLAN | REFORM Its goal of a smaller government and stronger society is right but many of its policies go in exactly the other direction. Governments need to take the tough decisions straight away when their political capital is at its highest. That means looking again at the big spending areas of health [...]
HOW DO YOU RATE THE COALITION’S FIRST 100 DAYS IN POWER? August 17, 2010 DR PATRICK NOLAN | REFORM Its goal of a smaller government and stronger society is right but many of its policies go in exactly the other direction. Governments need to take the tough decisions straight away when their political capital is at its highest. That means looking again at the big spending areas of health [...]