Dubai shares lead losses across region as UAE reassures on Sheikh January 26, 2014 Shares in Dubai and Abu Dhabi tumbled yesterday, leading a region-wide decline and following news that the President of the United Arab Emirates had suffered a stroke. Dubai’s bourse, which has been driven to hefty gains by local retail investors, fell 2.2 per cent – recording its biggest one-day loss in more than two months [...]
British banker loses Singapore job January 26, 2014 BRITISH banker Anton Casey has been fired from his job and reportedly fled to Australia after his comments about “poor people” and the “stench of public transport” in Singapore created a furore. Crossinvest Asia said it had “parted ways” with its employee. Casey, 39, is pictured here with his wife Bernice, a former Miss Singapore.
Cameron pledges £2000 growth vouchers to 20,000 small firms January 26, 2014 THE PRIME Minister will pledge additional support for small businesses in a speech at the Federation of Small Business’s (FSB) inaugural policy conference this morning. David Cameron will promise £2,000 worth of expertise and advice to 20,000 small businesses, as part of a new growth voucher pilot scheme championed by Lord Young, the PM’s enterprise [...]
As Miliband also sets sights on the SME vote January 26, 2014 SPEAKING after David Cameron’s keynote speech at the Federation of Small Businesses this morning, Labour’s Chuka Umunna will announce that the party would set up a Small Businesses Administration (SBA) if it wins the 2015 general election. The new forum would work across government departments to promote the small business agenda. “We need government to [...]
HSBC changes rules after block on withdrawals January 26, 2014 HSBC staff should not deny customers access to their own cash unless they suspect financial crimes, the bank told employees yesterday. It comes after complaints that some customers were not allowed access to funds. As part of its compliance controls the bank asks customers why they want to take out large sums of cash, and [...]
Profit warnings from UK’s quoted firms up 30 per cent at end of 2013 January 26, 2014 THE NUMBER of UK-quoted companies issuing profit warnings soared by 30 per cent in the last quarter of 2013, as fears of a slowdown in global growth dented earnings, according to EY research released yesterday. UK profit warnings fell to a three-year low earlier in the year but 73 warnings were issued in the final [...]
Q and A: How easy is it to get your cash out? January 26, 2014 Q Do all banks ask customers why they are making larger than usual withdrawals? A “Generally speaking, yes,” said a spokesman for the British Bankers Association. “The thinking is that customers want access to their money at any time, but banks also have a duty of care to stop fraud. Cash is a very insecure [...]
Android strong in key markets over Christmas January 26, 2014 GOOGLE finished 2013 on top with sales of phones running its Android operating system dwarfing those of rivals iOS, Windows Phone and BlackBerry over the Christmas period. Data from researchers Kantar Worldpanel found that Android had a 68.6 per cent share of sales in the five largest European markets for the 12 week period to [...]
Lloyds pushes to pay a dividend after boosting lending in 2013 January 26, 2014 LLOYDS is in late stage talks with regulators to allow it to resume paying a dividend, City A.M. understands. A decision is expected to be made by 13 February when the bank reports its full-year results. Lloyds returned to profit in the first half of the year and expects to report stronger figures in the [...]
Obituary Karl Slym, Tata Motors January 26, 2014 THE MANAGING director of Indian automobile company Tata Motors died yesterday in Bangkok. British businessman Karl Slym, who was hired by the company in 2012 to boost dwindling sales and increase its market share, was in the Thai capital to attend a board meeting of Tata Motors Thailand. He died after falling from a hotel [...]