What the other papers say this morning December 2, 2012 FINANCIAL TIMES UK’s euro trade supremacy under fire The City of London should be deposed as the euro’s main financial centre so the single currency club can “control” most financial business in the Eurozone, France’s central bank governor has said. Christian Noyer of the Banque de France said there was “no rationale” for allowing the [...]
UBM flies back to UK after near unanimous vote November 26, 2012 PUBLISHING company UBM will move its tax base back to Britain by the end of the week after shareholders overwhelmingly voted for the return from Ireland yesterday. The transition was emphatically approved at a special meeting, with 99.997 per cent of votes cast in favour of the move. The former owner of the Daily Express [...]
UBM investors vote on move back to Britain November 25, 2012 UBM shareholders will today vote on a move back to Britain, after years of the business publisher basing itself in Ireland for tax reasons. The FTSE-250 listed firm is hosting a general meeting this afternoon after UBM’s board decided that recent changes to corporation tax make the UK a more hospitable place to headquarter itself. [...]
More revolts over executive pay are looming November 18, 2012 SHAREHOLDERS could be waiting until 2013 or 2014 to voice dissent at companies’ executive pay packets, according to research out yesterday. While a string of high-profile investor rebellions at the likes of WPP and Aviva has caused a stir this year, shareholders have been discerning in their protests. Just 10 of the FTSE 100 companies [...]
BT buys legal tech firm Tikit in biggest acquisition for years November 14, 2012 BT yesterday announced its biggest acquisition in more than four years, agreeing to buy legal IT services firm Tikit for £64.2m in cash. The deal, made through the telecoms giant’s retail division, will allow BT to sell its own IT communications services to Tikit’s clients, which include more than 90 of the UK’s top 100 [...]
A well-oiled Halloween for some at Raffles November 4, 2012 A HAIR-RAISING Halloween bill this morning to make you feel better about the weekend’s excesses, which no doubt pale in comparison to one group’s £40,000 cork-popper at Chelsea members club Raffles last week. The Capitalist hears one regular, a energy trader, was pleasantly surprised when actor Benicio del Toro planted himself on a neighbouring table [...]
Ad boss Sorrell says grey swans affecting WPP October 25, 2012 ADVERTISING mogul Sir Martin Sorrell blamed “four grey swans” for a slowdown in global business yesterday as his company WPP slashed forecasts for the second time this year. Sir Martin said the Eurozone crisis, political tensions in the Middle East, sluggish growth in China, and the state of the US economy were dragging WPP’s growth [...]
FTSE flat as poor corporate results overshadow positive news on GDP October 25, 2012 BRITAIN’S top share index was fractionally higher yesterday as gains by banks on strong UK GDP figures were countered by some mixed corporate earnings. Banks added 0.8 per cent on news that Britain pulled out of recession in the third quarter, with its strongest quarterly economic growth in five years, boosting expectations that lending conditions [...]
FTSE 100 up as Britain leaves recession October 25, 2012 The blue chip index was up in early trading, as the economy expanded by one per cent in the three months to September, the strongest quarterly growth in five years. Companies announcing results also helped to buoy the FTSE 100, such as consumer giant Unilever, which added 3.36 per cent as it announced rising sales. [...]
Best of the Brokers October 24, 2012 AGGREKO RBC Capital Markets has cut its recommendation on the temporary power supplier to “outperform” from “top pick”, moving its target price to 2,500p from 2,700p, citing “a lack of short-term catalysts.” WPP UBS has slashed its recommendation on the media and advertising giant to “neutral” from “buy”, moving the target price to 875p from [...]