Bank’s chief hawk says businesses will grow Britain out of recession February 1, 2011 FOR seven months Andrew Sentance stood alone, the only Bank of England rate-setter brave enough to call out for a gradual rise in rates. Yet in January he was finally joined by one of his eight colleagues, Martin Weale, in his appeal for a gradual tightening in the central bank’s rates. “I don’t want to [...]
Bank’s chief hawk says businesses will grow Britain out of recession February 1, 2011 FOR seven months Andrew Sentance stood alone, the only Bank of England rate-setter brave enough to call out for a gradual rise in rates. Yet in January he was finally joined by one of his eight colleagues, Martin Weale, in his appeal for a gradual tightening in the central bank’s rates. “I don’t want to [...]
What the other papers say this morning January 24, 2011 FINANCIAL TIMES FSA CHIEF SEEKS NEW SAFEGUARDS The head of the Financial Services Authority has called for a “radical rethink” of consumer protection in the UK, including the possible imposition of fee caps and bans on some retail financial products. The regulator has historically adopted a “light touch” approach for the regulation of financial products, [...]
Anglo sells off metals assets in $932m deal November 14, 2010 ANGLO American yesterday said it was to sell Scaw Metals assets to Australian steel product manufacturer OneSteel for $932m (£578.3m), a step in an ongoing streamlining programme for the mining group. Anglo said it was selling Chile-based Moly-Cop and Canada-based AltaSteel, its grinding media and steel products businesses in the Americas. “Following the $1.3bn divestment [...]
WHAT THE OTHER PAPERS SAY THIS MORNING November 28, 2010 FINANCIAL TIMES AMAZON SEEKS TO EXPAND GLOBALLY Amazon says it plans to revamp its international e-commerce platform to make it easier for the company to reach customers in new markets. The online retailer, the world’s largest by number of visitors, operates online businesses in six countries outside the US. It says it has set up [...]
WHAT THE OTHER PAPERS SAY THIS MORNING November 28, 2010 FINANCIAL TIMES AMAZON SEEKS TO EXPAND GLOBALLY Amazon says it plans to revamp its international e-commerce platform to make it easier for the company to reach customers in new markets. The online retailer, the world’s largest by number of visitors, operates online businesses in six countries outside the US. It says it has set up [...]
NEW FUNDS PLAN FOR CRISIS-HIT IRELAND November 29, 2010 IRELAND may have accepted an €85bn handout to keep it afloat, but why stop there? The ever-popular Powers That Be in Ireland seem to have come up with a novel solution to the country’s solvency issues. An advert has appeared on Ireland’s biggest property website, the appropriately named daft.ie, offering the Republic of Ireland for [...]
GMG’s review could see sale of Autotrader October 17, 2010 THE owner of the Guardian newspaper and a private equity group are considering selling the business behind car buyers’ magazine Auto Trader for £2bn, it emerged yesterday. Guardian Media Group (GMG) and Apax Partners are understood to have begun work on a strategic review that could lead to the disposal or flotation of Trader Media [...]
The media-shy mastermind behind an aggressive boutique operation June 7, 2011 STJ Advisors operates as a partnership led by John St John, a capital markets banker who has spent 25 years at various investment banks in the capital-raising business. He co-founded the firm, which was originally known as Fredericks Place Advisors, in 2008, after a career that included stints at Nomura, Citi/Salomon Smith Barney and Dresdner [...]
Tax on profit from abroad faces reform November 29, 2010 TAX should not be levied on profits made from genuine overseas business, the Treasury said yesterday in a bid to stem the flow of internationalcompanies moving their headquarters out of the UK. Publishing details of its corporate tax reform programme, the Treasury said controlled foreign company (CFC) tax should only be levied on profits that [...]