Pawnbroker Albemarle & Bond appoints PwC as administrator March 25, 2014 ALBEMARLE & Bond called in administrators yesterday, just a day after the struggling pawnbroker said that its lenders no longer supported the management’s turnaround plan. Albemarle’s board said that the decision had been made due to Albemarle’s inability to regain the support of its lenders on Monday – including Lloyds Banking Group and Barclays to [...]
What the other papers say this morning – 07 February 2014 February 6, 2014 FINANCIAL TIMES Unease over Microsoft reshuffle Some of Microsoft’s major shareholders are expressing unease over this week’s management reshuffle, in which founder Bill Gates moved from chairman to a new role as technology adviser. Investors broadly welcomed the choice of Satya Nadella to become chief executive, but three of Microsoft’s top 20 shareholders voiced disappointment [...]
What the other papers say this morning – 15 January 2014 January 14, 2014 FINANCIAL TIMES Cameron shelves migration report David Cameron shelved a government report on EU migration, after Theresa May, home secretary, failed to provide evidence to support her case for imposing tighter curbs on immigrants. May, whose department was responsible for drafting the report, said last month there was “abuse of free movement” and that some [...]
Letters to the Editor – 11/02 – White-collar jobs, Best of Twitter February 10, 2014 White-collar jobs [Re: Will the spread of automation mean the end of the white-collar worker?, yesterday] Automation is already a reality in financial services. Banks have automated risks systems in place, and vast amounts of money is generated from electronic and algorithmic trading. But the complete replacement of white-collar specialist roles with robots and machines [...]
An independent Scotland should use the pound without England’s permission. Here’s why February 12, 2014 The pound could still be an independent Scotland’s best bet. As chancellor George Osborne is set to rule out a currency union with an independent Scotland, a Yes vote might make ignoring Osborne the smart choice. Sam Bowman, research director at the Adam Smith Institute, says that “an independent Scotland would not need England’s permission [...]
An independent Scotland should use the pound without England’s permission. Here’s why February 12, 2014 The pound could still be an independent Scotland's best bet. As chancellor George Osborne is set to rule out a currency union with an independent Scotland, a Yes vote might make ignoring Osborne the smart choice. Sam Bowman, research director at the Adam Smith Institute, says that "an independent Scotland would not need England’s permission [...]
What you need to know before the US open February 24, 2014 With the week set to get progressively busier, a quieter monday will no doubt see investors look towards the ongoing turmoil in Ukraine. Ousted President Viktor Yanukovich is now wanted for the mass murder of protestors. And Ukraine has said it needs $35bn in foreign aid over the next two years in order to keep [...]
What the other papers say this morning – 7 January 2014 January 6, 2014 FINANCIAL TIMES Fall in capital flows threatens recovery The flow of money through the global financial system is stuck at the same level as a decade ago, raising fresh concerns about the strength of the economic recovery following six years of financial crisis. In mid-2007 cross-border capital inflows into the G20 group of economies were [...]
Wow, so bucking the trend, very resilience: Why is Dogecoin gaining today? December 20, 2013 While most cryptocurrencies are crashing today – one remains triumphant. Dogecoin has managed to combined two things that are huge right now – virtual currencies and the Doge meme. News that Bitcoin has been hit by fresh regulation in China has seen millions wiped off the market capitalisation of more established currencies, but Dogecoin is [...]
Wow, so bucking the trend, very resilience: Why is Dogecoin gaining today? December 18, 2013 While most cryptocurrencies are crashing today – one remains triumphant. Dogecoin has managed to combine two things that are huge right now – virtual currencies and the Doge meme. News that Bitcoin has been hit by fresh regulation in China has seen millions wiped off the market capitalisation of more established currencies, but Dogecoin is [...]