WHAT THE OTHER PAPERS SAY THIS MORNING August 1, 2012 FINANCIAL TIMES Nationalising RBS on the table Senior government figures are discussing the possibility of fully nationalising Royal Bank of Scotland amid mounting frustration at banks’ failure to lend to British businesses. Cabinet ministers are having conversations about whether to spend around £5bn buying up the 18 per cent of the bank the government does [...]
Murray: Lendl’s expertise boost slam success July 9, 2012 HEARTBROKEN British No1 Andy Murray has hailed coach Ivan Lendl for coaxing him closer than ever to a long-awaited first grand slam title following his emotional Wimbledon defeat to seven-time champion Roger Federer. Murray, who broke down while addressing Centre Court immediately after Sunday’s match, said former world No1 Lendl had improved his approach to [...]
Tchenguiz to seek service station sales January 15, 2012 ROBERT Tchenguiz, the high-flying property entrepreneur, is looking to sell a portfolio of Welcome Break motorway service stations in a deal that could be worth more than £300m. Tchenguiz bought the sites eight years ago through his company, Rotch Property Group, for around £24.7m, with backing from Royal Bank of Scotland. He is understood to [...]
Commerzbank chief: bonus cut was right January 30, 2012 THE handling of 9,000 job cuts was a bigger concern than the decision to renege on a “promise” to pay €50m (£41.8m) in bonuses, the chief executive of Commerzbank told the High Court yesterday. Martin Blessing (pictured) said the redundancies were “more important than the bonus pool” at that time and insisted he acted with [...]
Following the rules is the great test of political leadership August 28, 2012 LEADERSHIP in business is about making tough decisions based on limited information and then adjusting to the consequences. Political leadership has its share of such tough calls, but it also has another component. In a liberal democracy, our politicians lead best when they create the conditions in which the rest of us can face our [...]
Santander UK unable to get back bonuses February 20, 2012 LLOYDS has announced plans to punish its former management for losses incurred due to a customer mis-selling scandal – but its current executives have escaped a similar penalty for their role in the same scandal at Santander UK. Santander UK, the former home of many of Lloyds’ current top executives, has found itself unable to [...]
…but repossessions now hitting the north June 25, 2012 MORTGAGE holders in northern regions are more likely to lose their homes to lenders than people in the south, a group of surveyors said yesterday. Parts of the north east and north west of England have significantly higher rates of repossession, the data from e.surv found, though the group added that banks are trying to [...]
PROTESTERS HAVE THEIR DAY IN COURT December 20, 2011 WAR veterans joined protesters to claim the former Old Street Magistrates’ Court as the fourth Occupy London site, yesterday. The group has renamed the building Occupy Justice and pledged to hold symbolic “trials of the one per cent”, including bankers and politicians blamed for the financial crisis. Yesterday they unveiled an armoured vehicle known as [...]
Focus on: Wimbledon August 30, 2012 Wimbledon has become one the most popular places to live in London, with Wimbledon Village being near the top of the tree. Easy transport links make it ideal for those who want quick access to the city, whilst reaping the benefits of a quieter suburban life. On the fast train, you can expect to be [...]
Vodafone victory in India tax battle January 20, 2012 India’s tax office has no jurisdiction over Vodafone’s purchase of mobile assets in India, the Supreme Court ruled on Friday, in a big relief to the telecom giant that has been fighting a $2.2bn (£1.4bn) tax bill in a long-running dispute anxiously watched by foreign investors in India. Vodafone, challenging the tax bill over its [...]