What the other papers say this morning – 22 August 2013 August 21, 2013 FINANCIAL TIMES Interns keep working at BofA Bank of America Merrill Lynch gave interns the option to end placements early after a 21-year-old undergraduate died. But they have decided to keep working. The decision by Moritz Erhardt’s peers to stay on highlights the determination of many young people to win a passport into that world. [...]
Blown away by Dorset October 13, 2013 Head to a hotel on the south coast for wholesome activites, fresh salty air and inexpensive fine dining OF ALL the pastimes that governments enjoy, most involve splashing our cash around, telling us what to do, and chucking in a dose of mild nationalism to make it seem a bit more palatable. Little surprise, then, [...]
Billionaire’s tweet adds $17bn to Apple August 16, 2013 APPLE’S shares rocketed last night after legendary investor Carl Icahn tweeted his support for the company, adding tens of billions to its market value. The activist shareholder sent markets wild with a pair of tweets during afternoon trading yesterday, telling over 40,000 followers that he owns a large amount of Apple stock – which he [...]
Billionaire’s tweet adds $17bn to Apple August 13, 2013 APPLE’S shares rocketed last night after legendary investor Carl Icahn tweeted his support for the company, adding tens of billions to its market value. The activist shareholder sent markets wild with a pair of tweets during afternoon trading yesterday, telling over 40,000 followers that he owns a large amount of Apple stock – which he [...]
Rebel shareholders fail to oust Redrow non-executive director November 12, 2012 A GROUP of rebel shareholders failed to oust one of Redrow’s senior non-executive directors yesterday over his handling of founder and chairman Steve Morgan’s failed attempt to take the housebuilder private. Alan Jackson saw a 24 per cent vote against his re-election at the firm’s annual meeting in Wales, after investors voiced concerns over his [...]
The Treasury will gain nothing from property tax hikes June 25, 2013 A S THEY consider a “back-door” mansion tax and another increase in stamp duty in today’s Autumn Statement, George Osborne and Vince Cable should take a quick look at a dramatic drop in tax receipts after the last Budget. In March, stamp duty was hiked to 7 per cent for people buying property over £2m [...]
What the other papers say this morning – 25 July 2013 July 24, 2013 FINANCIAL TIMES Osborne accused of bowing to City The UK chancellor was yesterday accused of bowing to City pressure and watering down key provisions to make Britain’s banks safer, as the Banking Reform bill began its passage through the House of Lords. Lord Lawson, the Tory former chancellor, said the Treasury was guilty of an [...]
Lord Browne to advise $20bn oil and gas fund June 18, 2013 LORD Browne, the former boss of oil giant BP, has joined forces with Russia’s Alfa Group to advise the company on a new $20bn (£12.7bn) global oil and gas fund. The fund, known as the L1 Energy Fund, will be seeded with the proceeds of Alfa’s sale of its stake of TNK-BP, which netted it [...]
UK house sales down 11 per cent January 24, 2012 UK house sales were down 11 per cent at 869,000, according to figures from HM Revenue and Customs. Unemployment and the difficulty of obtaining a mortgage have hit the number of sales, currently at half the volumes recorded before the financial crisis. Transactions peaked at 1,671,000 in 2006 before plummeting to a record low of [...]
We must urgently improve the quality of our economic growth July 24, 2013 BARRING an astonishing shock, today’s second quarter UK GDP figures will be good. But while economic activity is now clearly increasing again, I’m deeply worried about the quality of the growth and its sustainability when monetary policy is eventually tightened. Ever since the Keynesian revolution, the City and government have been far too obsessed with aggregate, [...]