THE LONDON REPORT June 23, 2009 The FTSE 100 closed down 0.1 per cent yesterday, falling just 4.03 points to 4,230.02 in a choppy session, with thin volumes exacerbating movements, after losing 2.6 per cent on Monday. The index has gained more than 22 per cent since hitting a six-year low in March, but is still down 4.6 per cent on [...]
WHAT THE OTHER PAPERS SAY THIS MORNING June 21, 2009 THE SUNDAYSThe Sunday TelegraphBA CHIEF SNUBS SELECT COMMITTEEWillie Walsh, chief executive of British Airways, has refused to go before the House of Commons transport committee to give evidence on the future of aviation. The hearing, os scheduled for Wednesday next week – coincidentally the first day of the month that Walsh will work without pay [...]
How the King of the UK back office plans to keep his business growing June 21, 2009 IT is fascinating to listen to David Andrews talk about his business. For most of us, back offices may seem deadly boring – but when you discover Andrew’s passion for Xchanging, the FTSE 250 back office outsourcing giant he founded 10 years ago, you suddenly realise just how true it is that finance and corporate [...]
WHAT THE OTHER PAPERS SAY THIS MORNING June 21, 2009 THE SUNDAYSThe Sunday TelegraphBA CHIEF SNUBS SELECT COMMITTEEWillie Walsh, chief executive of British Airways, has refused to go before the House of Commons transport committee to give evidence on the future of aviation. The hearing, os scheduled for Wednesday next week – coincidentally the first day of the month that Walsh will work without pay [...]
House asking prices slip back in June June 21, 2009 THE average asking price of a UK property has fallen by 0.4 per cent this month, according to data from property website Rightmove, ending the string of good housing data over the past few weeks. June marked the first fall in five months due to hesitation by sellers and continued tight credit conditions. But on [...]
THE LONDON REPORT June 21, 2009 THE JUNE gauntlet of retail company statements is set to continue this week, with two UK electronics giants due to issue full-year 2009 results. DSG, Kesa and Inchcape are lining up to report, following last week’s announcements from Tesco, J Sainsbury, Whitbread and Morrison. Kesa Electricals, which runs electronics store Comet among its Europe-wide retail [...]
Poor data is a threat to UK’s green shoots June 18, 2009 A HOST of poor data released yesterday cast doubt over the prospects of Britain’s fragile economic recovery. The figures caused the pound to slip to a one-week low against the euro and gilt yields to edge higher. Retail sales fell unexpectedly in May by 0.6 per cent after an upbeat April thanks to a late [...]
Budget deficit biggest threat to recovery June 18, 2009 WE are in danger of getting blasé when it comes to Britain’s disastrous public finances. Yesterday’s figures were truly shocking; the monthly deficit total is now close to what we used to get for a whole year. It is fortunate for Gordon Brown that Sir Fred Goodwin’s decision to repay part of his pension and [...]
Southwest is best for the ultimate seaside bolthole June 18, 2009 EARLIER this week, a beach in Cornwall came up for sale. On 13 July, the 76 acres of Gwithian beach will be sold by property consultant Colliers CRE in its Portman Square auction house, with the price expected to be in the region of £50,000. A bunch of dunes might not be your idea of [...]
Treasury minister quits over expenses June 17, 2009 TREASURY minister Kitty Ussher resigned from the government last night after it emerged she avoided paying £17,000 capital gains tax on her Burnley constituency home when she sold it in 2007. Ussher denied she did anything wrong, but said she was stepping aside to prevent causing the “government any embarrassment.” Ussher, a former City Minister, [...]