HS2 bill begins its long route to the starting line November 25, 2013 THE GOVERNMENT kicked off years of parliamentary jostling over the High Speed 2 project yesterday by publishing the law needed to start building work. The hybrid bill was hailed as a major step forward by supporters and a vanity project by campaigners attempting to block the scheme. The bill sets out street by street the [...]
Startup springboks who let the idea come to them November 17, 2013 Annabel Palmer meets Leon Blitz and Brad Fried, lifelong pals behind investment firm Grovepoint MOST entrepreneurs start with an idea – be it reinventing the wheel or simply finding a way to do something better than anyone else out there. The hard part is then taking the first steps – shunning job security for months [...]
What the other papers say this morning – 12 November 2013 November 12, 2013 FINANCIAL TIMES Shadow banks reap Fed rate reward Loosely regulated non-bank lenders have emerged as among the biggest beneficiaries of the Federal Reserve’s ultra-low interest rates with three specialist categories increasing their assets by almost 60 per cent since the height of the financial crisis. Such lenders, widely considered part of the “shadow banking” system, [...]
Fraud Office ordered to disclose files in botched Tchenguiz case November 12, 2013 THE SERIOUS Fraud Office (SFO) was yesterday ordered by a High Court judge to disclose an additional 85,000 documents relating to a collapsed investigation. The documents relate to the SFO’s investigation into property entrepreneur Vincent Tchenguiz. The SFO arrested him and seized documents in an investigation into failed Icelandic bank Kaupthing – in a series of [...]
Ecclestone: Veto shows bribe to retain control not needed November 7, 2013 FORMULA One chief Bernie Ecclestone has revealed a key argument in his defence to charges that he paid a $44m bribe to stay in charge of the sport: his position was virtually ringfenced anyway. Ecclestone says he would not have needed to bribe anyone to hold onto his job because governing body the FIA was [...]
Somali transfer firm wins right to keep banking with Barclays November 5, 2013 A SOMALI money transfer group has won an injunction to keep its banking services with Barclays open, having launched a campaign against closure that won support from Olympic athlete Mo Farah, the United Nations and several charities. Dahabshiil, which says it is the largest African money transfer operator and has around 100,000 customers in the [...]
Companies race to court to beat time limit on credit crunch cases November 4, 2013 THE NUMBER of big ticket commercial disputes being taken to the High Court in London has jumped by 23 per cent in the last year, as companies race to beat the six-year time limit for launching credit crunch-related claims. Analysis of court claims by City law firm RPC showed there were 1,393 cases launched in [...]
Northwest is hotspot for home repossessions while South prospers November 1, 2013 There were 33 per cent more home repossessions in the North than in the South for the year to July, according to research by e.surv chartered surveyors. The group examined court-ordered repossessions per 1,000 households over the 12 months to July and found there were 3.2 repossessions per 1,000 households in the North, compared to [...]
Cautious Murray casts doubt over his Australian Open participation October 31, 2013 BRITAIN’S Andy Murray admits he is yet to hit a ball almost six weeks after his back operation and fears he may not be ready for the Australian Open. The Wimbledon champion is desperate to play in Melbourne, where he has reached the final three times in four years, but is adamant he will only [...]
The CBI boss on why political risk is now the biggest threat to business October 31, 2013 John Cridland tells Allister Heath and Elizabeth Fournier that investors are beginning to worry about the UK AFTER more than two decades spent inhabiting the CBI’s offices in Centre Point, the shockingly ugly high-rise just off Tottenham Court Road, John Cridland is on the move. When not kept busy preparing his submission to the chancellor [...]