I recreated all my favourite TV tropes, from crawling through pipes to being two kids in a trenchcoat
Serious Fraud Office prepares to act on BAE Systems bribery allegations September 30, 2009 THE SERIOUS Fraud Office (SFO) is poised to bring criminal charges against BAE Systems as soon as today if the defence giant fails to accept a plea deal that would leave it with a conviction and a large fine. The SFO will call on attorney general Baroness Scotland to launch a criminal prosecution against the [...]
PUT UP OR SHUT UP September 30, 2009 Kraft has until 9 November to make a formal offer for Cadbury, or it must walk away for six months the Takeover Panel ruled yesterday. The “put up or shut up” decision has now heaped pressure on Kraft chief executive Irene Rosenfeld (left) to raise the bid to a level which will be accepted by [...]
BA in threat to the Tories September 30, 2009 LOSS-MAKING flag carrier British Airways (BA) yesterday said it would be forced to significantly scale back flights at Heathrow if the government scraps plans to build a third runway at the hub airport. The Conservatives have said they are committed to calling off Labour’s plans for an extra runway at the airport if they win [...]
BoE policymaker Miles opens door to a future QE extension September 30, 2009 BANK of England policymaker David Miles yesterday sent a signal to the market that the central bank would not be averse to extending quantitative easing (QE) in the future, as he reiterated claims that the policy is beginning to achieve its aims. Speaking at an economics conference in Northern Ireland, Miles said the reversible nature [...]
DO YOU SHARE BA’S EVIDENT ENTHUSIASM FOR A TIE-UP WITH IBERIA? September 30, 2009 DOUGLAS MCNEILL ASTAIRE SECURITIES“It’s very hard to read the smoke signals which are coming from these talks, which seem to be changing colour every five minutes. Discussions have been going on for over a year, now, but it’s not necessarily a bad thing. If they are still talking, there must be a deal to be [...]
Eurozone prices dip in September September 30, 2009 Eurozone consumer prices fell more than expected in September, reinforcing expectations the European Central Bank will not raise interest rates in spite of a nascent recovery. Prices fell 0.3 per cent year-on-year last month, having dipped 0.2 per cent in August and 0.7 per cent in July. Economists said there remained a risk of a [...]
Chicago PMI registers shock fall September 30, 2009 The closely-watched Chicago Purchasing-Management Index (PMI) fell to 46.1 from 50.00 in August, catching markets by surprise. A reading below 50 on the index, issued by the Institute for Supply Management-Chicago, suggests the region’s manufacturing sector is contracting. Analysts had been expected a September reading of 52.0.
US wealthiest lose $300bn September 30, 2009 The super-rich are getting poorer with the 400 wealthiest Americans losing $300bn of net worth in the past year, hurt by sagging capital and real estate markets, according to the annual Forbes ranking. Warren Buffett was the biggest loser, with the famed investor shedding $10bn in net worth as shares in his Berkshire Hathaway firm [...]
M&S thanks its Wise Buys for a revival September 30, 2009 MARKS & Spencer, the high street bellwether, yesterday unveiled better-than-expected results which the City took as encouraging signs the worst may be over after 18 tough months for the retailer. M&S said group sales had lifted by 2.7 per cent in the 13 weeks to 26 September, and while like-for-like sales dipped 0.5 per cent, [...]
UK faces big credit shortage September 30, 2009 UK households and companies face a more severe credit shortage this year and next than their American and European counterparts, hampering economic recovery, the International Monetary Fund (IMF) said yesterday. Interest rates charged by banks will have to rise or another means of rationing credit be found unless the Bank of England continues to boost [...]