Kloppers won’t fall into the bid trap August 25, 2010 BHP chief executive Marius Kloppers was determined yesterday to play down fears that he is about to over-pay for PotashCorp, the Canadian fertiliser group. As Kloppers unveiled healthy annual results, most people’s minds were focused on what he had to say about the group’s pursuit of Potash, for which he has made a $39bn bid. [...]
Markets plunge on fresh dip fear August 11, 2010 GLOBAL markets plummeted yesterday after the Bank of England cut its growth forecast and the US trade gap widened dramatically intensifying fears of a double-dip recession. On Wall Street, the Dow Jones recorded its biggest loss in six weeks, dropping 2.5 per cent to 10,378.83 and taking the index into negative territory for the year, [...]
Markets plunge on fresh dip fear August 11, 2010 GLOBAL markets plummeted yesterday after the Bank of England cut its growth forecast and the US trade gap widened dramatically intensifying fears of a double-dip recession. On Wall Street, the Dow Jones recorded its biggest loss in six weeks, dropping 2.5 per cent to 10,378.83 and taking the index into negative territory for the year, [...]
Hutton to lead public sector pension probe June 20, 2010 FORMER Labour cabinet minister John Hutton has been appointed by the coalition government to lead a commission into public sector pensions. Announcing the appointment, chancellor George Osborne said it was “unsustainable” to expect taxpayers to cough up for public sector pensions. Hutton, a former secretary of state for work and pensions, will be asked to [...]
Hutton to lead public sector pension probe June 20, 2010 FORMER Labour cabinet minister John Hutton has been appointed by the coalition government to lead a commission into public sector pensions. Announcing the appointment, chancellor George Osborne said it was “unsustainable” to expect taxpayers to cough up for public sector pensions. Hutton, a former secretary of state for work and pensions, will be asked to [...]
Non-doms escape major crack-down in Budget June 22, 2010 NON-DOMS breathed a sigh of relief yesterday as the Budget fell short of the tough new tax avoidance measures some had been expecting. Chancellor George Osborne’s Budget said the coalition will “assess whether changes can be made to the current rules to ensure that non-domiciled individuals make a fair contribution to reducing the deficit, in [...]
Budget focus should not be on banker bashing June 20, 2010 Tomorrow George Osborne will deliver one of the most important Budget announcements in recent memory as he outlines plans to deal with the harsh financial realities facing our nation. The chancellor has already taken steps to trim the structural deficit but there is more to do if we are to maintain our reputation for fiscal [...]
Budget focus should not be on banker bashing June 20, 2010 Tomorrow George Osborne will deliver one of the most important Budget announcements in recent memory as he outlines plans to deal with the harsh financial realities facing our nation. The chancellor has already taken steps to trim the structural deficit but there is more to do if we are to maintain our reputation for fiscal [...]
City gives lukewarm thumbs up to Osborne’s plan June 22, 2010 CITY stalwarts displayed cautious approval in the wake of the emergency Budget yesterday, as the chancellor’s plans settled some nerves over UK spending. CBI director-general Richard Lambert said the five-year route map for corporation tax “provides much-needed consistency and certainty”, which combined with proposals on foreign profits and intellectual property could reverse the tide on [...]
Finance sector must highlight its contribution July 18, 2010 AT a time when spending cuts, tax increases and unemployment dominate the headlines, leaders of the UK financial services industry face an unprecedented challenge getting their message across to the public and politicians. Of course, we must recognise the real anger that continues to exist as a result of the mistakes made – not only [...]