Lack of capital and onerous HMRC rules are restraining tech start-ups October 11, 2012 THE chancellor’s announcement this week that employees could get a stake in their companies in exchange for waiving certain employment rights was a rare flash of creativity from the Treasury. But it will come as no surprise if, in a year’s time, the opposition starts impishly asking how many businesses have made use of the [...]
Lack of capital and onerous HMRC rules are restraining tech start-ups October 11, 2012 THE chancellor’s announcement this week that employees could get a stake in their companies in exchange for waiving certain employment rights was a rare flash of creativity from the Treasury. But it will come as no surprise if, in a year’s time, the opposition starts impishly asking how many businesses have made use of the [...]
VW sells $2.5bn in a convertible note mega deal November 6, 2012 EUROPE’S biggest car manufacturer Volkswagen sold one of the largest convertible bonds on record yesterday, tipping the scales at €2.5bn (£2bn). The firm, which sells Audis and Porsches, lined up three heavyweight banks, Deutsche Bank, Bank of America Merrill Lynch and Credit Suisse, to sell the bond to investors around the globe. The bond, which [...]
City evicts Occupy London protesters February 27, 2012 DOZENS of police and City of London officials moved in just after midnight this morning to evict protesters from the Occupy London site at St Paul’s Cathedral. As the police arrived in force, protesters gathered on the steps of the Cathedral. Anti-capitalists chants rose above the sound of flute music and members of the Christian [...]
A corporatist economic growth plan that won’t rescue UK Plc October 30, 2012 IT is impossible not to like Michael Heseltine. He is an astonishingly successful individual, a great entrepreneur, a passionate speaker who genuinely cares about the poor, and a man who almost became Prime Minister. The tragedy is that while his goals are laudable the means he wishes to use to achieve them are generally deeply [...]
A corporatist economic growth plan that won’t rescue UK Plc October 30, 2012 IT is impossible not to like Michael Heseltine. He is an astonishingly successful individual, a great entrepreneur, a passionate speaker who genuinely cares about the poor, and a man who almost became Prime Minister. The tragedy is that while his goals are laudable the means he wishes to use to achieve them are generally deeply [...]
Who’s switching jobs October 3, 2012 Pioneer Investments Jonathan May has been appointed head of institutional business development, UK at the investment management group. He joins from Aviva Investors, where he was been head of global consultant relations. May has 20 years’ experience in the industry, and has also held senior positions at Fidelity International. Marex Spectron The commodities-focused financial products [...]
Occupy camp cleared from St Paul’s February 28, 2012 Police and bailiffs cleared an anti-capitalist camp from outside St Paul’s cathedral in London early on Tuesday, ending a four-month protest which resonated with Britons angered by huge bonuses awarded to bankers during an economic slowdown. There was no violent resistance from the Occupy London activists as bailiffs employed by the City of London Corporation, [...]
UK focus on ECB meeting outcome September 2, 2012 THURSDAY will be the highlight of the week for economists, with all eyes on results of the European Central Bank policy meeting. While the market waits to hear the latest plans to fix the Eurozone’s debt problem, the Bank of England will also be announcing its latest interest rate decision and asset purchase plan. However, [...]
Hammerson outmanoeuvres Westfield in Croydon battle September 18, 2012 REAL estate developer Hammerson yesterday stepped up its battle with rival Westfield over the ownership of Croydon town centre after snapping up a stake in the leasehold of the area’s main shopping centre. The FTSE 100 listed firm said it had acquired a 25 per cent stake in the leasehold of the Whitgift Centre, a [...]