WHAT THE OTHER PAPERS SAY THIS MORNING July 27, 2009 FINANCIAL TIMES COMPLEXITY IS KEY TO OVERCOMING RECESSIONLord Mandelson, the business secretary, will today announce the allocation of £150bn to fund companies’ advance manufacturing development projects in areas such as aerospace, nuclear engineering components, electronics and microchip designs. Most of it will come from the £750m cash pot set aside by ministers this year to [...]
Anglo says Hampton is not on cards November 8, 2009 MINING group Anglo American has dismissed reports that Royal Bank of Scotland chairman Sir Philip Hampton is set to join the board. Weekend reports said an announcement of his appointment could be made today. But Anglo said the report was “speculation”. Anglo plans to refresh its board following the failed merger approach by rival Xstrata [...]
Nobody should ever be bailed out again December 15, 2009 CAPITALISM only really works when success is rewarded and failure punished. So as the New Year approaches, here is a radical suggestion: let us usher in a new era of personal responsibility. Let 2010 be a year of no bailouts, no handouts, no bleating and no more blaming everybody else for one’s own mistakes. This [...]
Why holding its nerve has paid off for Britain’s top accountancy firm September 6, 2009 LOOKING out of the window of his Embankment office, Ian Powell points at the sky above the London Eye. “It’s a bit cloudy,” he says. “But there’s sun on the horizon.” The same could be said of the outlook for PricewaterhouseCoopers, the largest of the “big four” professional services firms, which Powell has chaired since [...]
Why holding its nerve has paid off for Britain’s top accountancy firm September 6, 2009 LOOKING out of the window of his Embankment office, Ian Powell points at the sky above the London Eye. “It’s a bit cloudy,” he says. “But there’s sun on the horizon.” The same could be said of the outlook for PricewaterhouseCoopers, the largest of the “big four” professional services firms, which Powell has chaired since [...]
WHAT THE OTHER PAPERS SAY THIS MORNING July 14, 2009 FINANCIAL TIMES FIRSTGREATWESTERN BACK ON TRACKA rail franchise that became notorious for large numbers of train cancellations and poor punctuality has shown sufficient improvement to be released from an intensive monitoring regime imposed by the Department for Transport. Lord Adonis, transport secretary, yesterday told the House of Lords that FirstGreatWestern had met the standards required [...]
BT BOSS CAN’T GET BROADBAND AT HOME July 20, 2009 ARE YOU unable to get broadband access at home because of your postcode? Well, it turns out that you are in good company. Not even BT chairman Sir Michael Rake is able to access broadband in the usual way from his Hambledon Valley home, and is instead forced to be a guinea pig for the [...]
Bankers think bonuses will break records October 29, 2009 DESPITE protests from politicians and taxpayers against multi-million pound payouts, bankers expect this year’s bonus payments to break records, according to a new poll. One in ten executives expect their best ever payout this year while the majority of traders, analysts and fund managers believe their bonus will either increase or not change. And despite [...]
Bankers think bonuses will break records October 29, 2009 DESPITE protests from politicians and taxpayers against multi-million pound payouts, bankers expect this year’s bonus payments to break records, according to a new poll. One in ten executives expect their best ever payout this year while the majority of traders, analysts and fund managers believe their bonus will either increase or not change. And despite [...]
There is no such thing as a free lunch in banking November 25, 2009 IT came as a bit of a shock. Britain’s new Supreme Court, which has just been spun out from the House of Lords, dealt the Office of Fair Trading a bitter blow yesterday by ruling against it in its test case against high street banks. Their Lordships ruled unanimously that deciding whether overdraft charges – [...]