BEER TODAY, GONE TOMORROW August 10, 2009 LIVERPOOL Football Club looks set to end its 17-year partnership with Danish brewers Carlsberg at the end of the 2009/10 season. Carlsberg and the club have not been able to reach an agreement on a new shirt sponsorship deal, with the Reds looking to double their price from the last time the deal was extended. [...]
UK house prices seen rising August 10, 2009 STRONG growth in buyer enquiries and price expectations improved to their highest level since April 2007, the Royal Institution of Chartered Surveyors (RICS) will reveal today. Their latest market survey showed that only 23 per cent of surveyors reported a fall in house prices over the last three months, taking the net balance to -9 [...]
FSB: Use Rock to end the banks’ credit monopoly August 10, 2009 THE government should consider using Northern Rock as a “people’s bank”, operating via the post office network, to increase the flow of credit to small firms, the Federation of Small Businesses (FSB) said yesterday. The FSB said that the state support offered to banks had allowed them to develop a “monopoly” on providing businesses with [...]
ABI disputes Myners’ plan for investors August 10, 2009 INVESTOR bodies last night launched a fresh attack on City minister Lord Myners, following his suggestion that shareholders should be able to buy and sell their voting rights. The comments from Myners are the latest in a string of radical proposals designed to increase shareholder power. “Some shareholders who never vote could sell their voting [...]
Heathrow T2 to get a refit August 10, 2009 AIRPORT owner BAA yesterday unveiled plans for a £1bn refurbishment of Heathrow’s Terminal 2, which will allow capacity at the depot to grow by 11.5m to around 30m passengers each year by 2019. The environmentally friendly refurbishment (pictured), part of a £4.8bn investment at the airport in west London, will house airlines belonging to the [...]
China backtracks on new Rio claims August 10, 2009 CHINESE officials yesterday distanced themselves from an earlier report claiming miner Rio Tinto had been engaged in “commercial espionage” against China’s steel mills for six years. A website with links to China’s State Secrets Bureau had said at the weekend that Rio had been spying Chinese businesses as well as inflating iron ore prices which [...]
London worst for job losses August 10, 2009 LONDON saw the steepest rate of job cuts in July according to Markit’s UK regional purchasing managers’ indices (PMI) published yesterday. The survey showed employment levels were falling at their fastest pace for five months, registering 39.9 on the PMI employment index compared to the UK average of 43.6. Tim Moore, economist at Markit, said: [...]
Tories link with Google on NHS August 10, 2009 THE TORIES said yesterday they will make huge savings in the NHS by scrapping government plans for a central database of patient records, and replacing them with a more flexible system hosted by Google or Microsoft. Every patient will be able to update their records with information like blood pressure and cholesterol levels via personal [...]
SCRAPPAGE SCHEME HITS HALF WAY MARK August 10, 2009 THE number of vehicles ordered under the government’s cash-for-bangers scrappage scheme hit 154,927 by 2 August, the Department for Business, Innovation and Skills said yesterday. Up to 300,000 cars can be bought under the scheme, meaning it is over half-way through its course.
CITY VIEWS: SHOULD THE CITY GIVE SIR FRED GOODWIN ANOTHER CHANCE? August 10, 2009 JASPER JEVONS JCT“He could not be trusted in a position of high authority again, where big decisions would rest on his shoulders. But he could take an advisory role, but nothing with his head on the block, because if it was to go wrong he would be a crushed man.” MARK BARRETT BLACKROCK“I don’t think [...]