O Canada – the LSE’s new ally brings a jolt of energy February 15, 2011 Even if you knew little about the Toronto Stock Exchange before last week, the announcement of a planned merger between the London Stock Exchange Group (LSE) and TMX Group, which runs the Toronto exchange, is almost certain to change that. If approved by shareholders and competition regulators, the all-share merger of the two exchanges will [...]
O Canada – the LSE’s new ally brings a jolt of energy February 15, 2011 Even if you knew little about the Toronto Stock Exchange before last week, the announcement of a planned merger between the London Stock Exchange Group (LSE) and TMX Group, which runs the Toronto exchange, is almost certain to change that. If approved by shareholders and competition regulators, the all-share merger of the two exchanges will [...]
PwC sells remaining Rok units November 18, 2010 ADMINISTRATORS have been forced to break up the remainder of troubled housing group Rok after a sole buyer failed to materialise. Just 500 jobs out of a workforce of 3,800 look set to be saved after PriceWaterhouseCoopers (PwC) found buyers for only parts of the firm. PwC said that it had sold parcels of the [...]
PwC sells remaining Rok units November 18, 2010 ADMINISTRATORS have been forced to break up the remainder of troubled housing group Rok after a sole buyer failed to materialise. Just 500 jobs out of a workforce of 3,800 look set to be saved after PriceWaterhouseCoopers (PwC) found buyers for only parts of the firm. PwC said that it had sold parcels of the [...]
Hunt unveils broadband plan December 6, 2010 BRITAIN should have a digital hub in every community to help it build Europe’s best broadband network by 2015, which could create up to 600,000 new jobs and add £18bn to GDP, the government said yesterday. Culture ministers Jeremy Hunt and Ed Vaizey, announcing an extra £50m for broadband pilots in remote and rural areas, [...]
JPMorgan moves its HQ to the Wharf December 20, 2010 JPMORGAN confirmed yesterday it will base its European headquarters at the former Lehman Brothers tower in Canary Wharf from 2012. The decision is a major vote of confidence in London as one of the world’s top finance hubs and follows concerns that the government was not supportive enough of the banking sector. JPMorgan will not [...]
Bank: City needs to cut dividends and bonuses December 16, 2010 DIVIDEND payments to shareholders should be restricted, the Bank of England announced today. And bonuses and pay rises must be resisted in the City, the Bank argued in its financial stability report. “Bank’s boards should apply restraint in distribution of profits to equity holders and staff,” it said. Alternative payments to staff, such as “contingent [...]
Let’s all go out shopping: US retailers are back in vogue November 15, 2010 WE USED to build civilisations. Now we build shopping malls”. So said Bill Bryson about his native land. For the last two years, however, America has not been building shopping malls. American retailers have been at the bottom of a deep pit and struggling to get out. They may well have just found a ladder, [...]
Eurozone manufacturing recovers but unevenly December 1, 2010 THE EUROZONE’S manufacturing sector expanded at its fastest pace in four months in November, although slightly slower than previously thought, as Germany and France continued to outshine smaller members, surveys today have revealed. The Markit Eurozone Manufacturing Purchasing Managers Index (PMI) rose to 55.3 in November, nudged down from an earlier estimate of 55.5 but [...]
Rok plunges into administration November 8, 2010 Building and social housing repairs firm Rok said it would go into administration and trading in its shares was suspended. “The board of Rok plc announces that it has resolved to put the company into administration and to make an application to the Financial Services Authority to suspend the listing and trading of the company’s [...]