Broadgate: symbol of red tape Britain June 6, 2011 ON the face of it, it is hardly a major story that English Heritage wants to list the Broadgate office and retail estate in the City, a rather ugly 1980s construct in desperate need of modernisation. It is, however, a deeply symbolic move that confirms not only that Britain isn’t open for business but that [...]
Yorkshire eyes role in return of Northern Rock May 5, 2011 YORKSHIRE Building Society, one of Britain’s biggest mutually owned financial companies, supports putting Northern Rock back into the hands of its customers and wants to work with government on the issue. “Re-mutualisation of Northern Rock provides a real opportunity to create a more vibrant and sustainable financial sector,” chief executive Iain Cornish said. Northern Rock [...]
Broadgate: symbol of red tape Britain June 5, 2011 ON the face of it, it is hardly a major story that English Heritage wants to list the Broadgate office and retail estate in the City, a rather ugly 1980s construct in desperate need of modernisation. It is, however, a deeply symbolic move that confirms not only that Britain isn’t open for business but that [...]
The rise of the Indian superpower September 5, 2011 1 INDIA IS BECOMING A HARD POWER India used to be a leading member of the Non-Aligned Movement. Until 1991, its foreign policy was marked by a refusal to enter into military agreements with major powers. The collapse of India’s closest ally, the Soviet Union, forced Delhi to change its position and seek a rapprochement [...]
Recovery enters an uncertain phase June 2, 2011 FOR the first time for almost 18 months, I’m worried about the economic recovery. A number of key UK and global indicators released yesterday suggest that the Western nations are slowing again, with Britain not immune from the bad news. The biggest change seems to be a slowdown in manufacturing: after powering the global bounce-back [...]
Recovery enters an uncertain phase June 2, 2011 FOR the first time for almost 18 months, I’m worried about the economic recovery. A number of key UK and global indicators released yesterday suggest that the Western nations are slowing again, with Britain not immune from the bad news. The biggest change seems to be a slowdown in manufacturing: after powering the global bounce-back [...]
At a glance: everything you need to know from the Vickers report September 12, 2011 ICB: THE BENEFITS OF RING-FENCING Sir John Vickers, chair of the Independent Commission on Banking (ICB), stuck to his guns in insisting that his ring-fence proposal is the best way to ensure Britain’s banks are more stable and do not require costly bailouts if they fail. His main argument is that a ring-fence will make it easier to [...]
Soaring tech stocks burnish banking rally to send FTSE up July 20, 2011 BANKING stocks led Britain’s top shares higher yesterday on strong corporate earnings and optimism over a deal in Washington to increase the US debt ceiling and avoid default. The UK benchmark index closed up 63.83 points, or 1.1 per cent, at 5,853.82, building on the previous session’s 0.7 per cent advance. Solid US earnings, including [...]
Soaring tech stocks burnish banking rally to send FTSE up July 20, 2011 BANKING stocks led Britain’s top shares higher yesterday on strong corporate earnings and optimism over a deal in Washington to increase the US debt ceiling and avoid default. The UK benchmark index closed up 63.83 points, or 1.1 per cent, at 5,853.82, building on the previous session’s 0.7 per cent advance. Solid US earnings, including [...]
Housing construction slows May 4, 2011 HOUSING activity shrank in April, knocking growth in the UK’s construction sector, it was revealed yesterday. In a minor blow to the UK’s second-quarter growth prospects, construction fell over three points in the latest purchasing managers’ index. “The index still indicates expansion, but the bleaker outlook implies a slowing of building activity this year,” said [...]