CITY VIEWS: IS THE WORST NOW OVER FOR THE BRITISH HOUSING MARKET? May 21, 2009 DAVID THOMSON CHARTERED INSURANCE INSTITUTE“Small shifts in mortgage and house price data is just a blip. The housing market won’t return in terms of volume for several months. Consumers need to feel that there’s an upturn, and buyers need to know they can return to the market with confidence.” GRAHAM RIVERS WIN PLC“Easter always brings an [...]
Paulson loses on Barclays short position June 4, 2009 PROMINENT hedge fund manager John Paulson has abandoned his fund’s short position on Barclays, losing an estimated £100m in the process. The loss will be particularly keenly felt because New York-based fund Paulson closed its position just a day before Abu Dhabi’s International Petroleum Investment Corporation opted to offload 1.3bn shares in Barclays, pushing the [...]
Three MPs out over expenses May 28, 2009 THREE more MPs said yesterday they would not stand at the next election after they became caught up in the expenses scandal. Conservative MP Julie Kirkbride and Margaret Moran, Labour MP for Luton South, both said they would quit politics after facing “enormous pressure” from “unbearably intense” media scrutiny. Tory MP Kirkbride faced a showdown [...]
Three MPs out over expenses May 28, 2009 THREE more MPs said yesterday they would not stand at the next election after they became caught up in the expenses scandal. Conservative MP Julie Kirkbride and Margaret Moran, Labour MP for Luton South, both said they would quit politics after facing “enormous pressure” from “unbearably intense” media scrutiny. Tory MP Kirkbride faced a showdown [...]
WHAT THE OTHER PAPERS SAY THIS MORNING July 19, 2009 THE SUNDAYSThe Sunday TelegraphENGINE IN DRIVE FOR EXPANSIONThe advertising agency that created the 118 directory enquiries runners is seeking £50m to fund an international expansion drive that will take it to the US and the Far East. The Engine Group has appointed advisers at Jefferies and the corporate finance arm of Ingenious Media to secure [...]
WHAT THE OTHER PAPERS SAY THIS MORNING July 19, 2009 THE SUNDAYSThe Sunday TelegraphENGINE IN DRIVE FOR EXPANSIONThe advertising agency that created the 118 directory enquiries runners is seeking £50m to fund an international expansion drive that will take it to the US and the Far East. The Engine Group has appointed advisers at Jefferies and the corporate finance arm of Ingenious Media to secure [...]
Council of regulators led by chancellor to monitor risks to the financial system July 8, 2009 A NEW Council for Financial Stability (CFS), composed of representatives from the tripartite authorities, will be handed responsibility for monitoring emerging risks in the financial system, chancellor Alistair Darling announced yesterday. The CFS, to be chaired by Darling himself, will see figures from the Treasury, Bank of England and FSA meet regularly to discuss and [...]
WHAT THE OTHER PAPERS SAY THIS MORNING June 2, 2009 FINANCIAL TIMESCARLSBERG SEEKS TO EXTEND REACH IN ASIACarlsberg, the Danish brewer, is planning further expansion in Asia to help reduce its substantial exposure to the volatile Russian beer market. “We do see Asia as being a place to expand and invest in,” Jørgen Buhl Rasmussen, chief executive, told the Financial Times in an interview. He [...]
WHAT THE OTHER PAPERS SAY THIS MORNING June 2, 2009 FINANCIAL TIMESCARLSBERG SEEKS TO EXTEND REACH IN ASIACarlsberg, the Danish brewer, is planning further expansion in Asia to help reduce its substantial exposure to the volatile Russian beer market. “We do see Asia as being a place to expand and invest in,” Jørgen Buhl Rasmussen, chief executive, told the Financial Times in an interview. He [...]
Nationwide in 69 per cent profit fall on protection fees May 27, 2009 NATIONWIDE, Britain’s largest building society, reported a 69 per cent drop in full-year pre-tax profits yesterday, blaming the decline on the costs of the government’s deposit protection scheme for savers. The mortgage provider and lender offered little sign of optimism in its outlook, warning of further loan loss provisions to come.The group said it was [...]