Firms name more women to boards but lack execs November 6, 2013 THE UK’S biggest listed firms are making “steady progress” towards hitting 2015 targets to increase the number of women in their boardrooms, but still failing to hire women for executive roles, according to new figures released this morning. The latest report from the Cranfield School of Management shows that women now make up 19 per cent of [...]
What the other papers say this morning – 07 November 2013 November 6, 2013 FINANCIAL TIMES NHS drugs bill frozen for pledge The drug industry has agreed to a near-freeze in the £12bn bill to the NHS of branded medicines over the next five years, in exchange for a political pledge to support increased use of new treatments. The launch of a new Pharmaceutical Price Regulation Scheme (PPRS) yesterday [...]
Eight firms in oil market rigging case revealed November 6, 2013 SHELL, BP, Statoil, Morgan Stanley, Trafigura Beheer, Trafigura, Phibro Trading and Vitol were named as defendants yesterday in a case surrounding accusations of oil market manipulation. Four NYMEX traders have alleged that the North Sea Brent crude oil market has been manipulated by oil majors and trading houses since at least 2002, in a class [...]
World TV sales to droop again November 6, 2013 TV SALES in both advanced and developing economies are on the decline, according to research by IHS released yesterday. The number of TV units shipped in 2013 is due to decline to 226.7m this year, down from 238.2m in 2012. IHS recorded a dip between 2011 and 2012 of seven per cent, down from 255.2m. [...]
Dow Jones hits a record high November 6, 2013 THE DOW JONES yesterday closed at a record high, led by gains in Microsoft and encouraging European economic data. The stock index ended the day up 128.66 points, or 0.82 per cent, at 15,746.88. Microsoft was the biggest gainer on the blue chip Dow index after it was reported the company had narrowed its CEO [...]
Goldman spells out new rules on working hours for its juniors November 6, 2013 GOLDMAN Sachs last night detailed the new rules for its junior employees, aimed at ensuring they work more regular hours. In a memo to remind staff that the so-called ‘Saturday rule’ begins this weekend, junior bankers were told they were “required” to be out of the office from 9pm on Friday until 9am on Sunday. [...]
Mark Carney’s day at the palace November 6, 2013 BANK of England governor Mark Carney visited the Queen yesterday at Buckingham Palace, four months after succeeding Lord King as head of the UK’s central bank. The Bank’s monetary policy committee will finish its November meeting today, with analysts expecting interest rates to stay at 0.5 per cent and the stock of quantitative easing to [...]
Twitter boosts price ahead of flotation today November 6, 2013 SOCIAL media colossus Twitter priced its initial public offering (IPO) at $26 (£16.17) per share late last night, ready to float today on the New York Stock Exchange (NYSE). The pricing is a dollar higher than the upper range of the previous attempt to value the company, and suggests a total valuation for Twitter of [...]
Claims ministers backed Co-op merger spree November 6, 2013 THE CO-OPERATIVE bank’s ill-fated expansion plan was quietly endorsed by senior ministers, the bank’s ex-chairman claimed yesterday. Reverend Paul Flowers, chair of Co-op Bank from 2009 until this summer, said Ed Balls, Mark Hoban and Vince Cable had all given “considerable nods and winks” about moves to takeover rival lenders during its four year acquisition [...]
US to raise $15bn with first new security launched since 1997 November 6, 2013 THE US Treasury will auction its first-ever two-year floating rate notes next year, aiming to raise up to $15bn (£9.3bn). The fundraising, scheduled for the end of January 2014, marks the first new Treasury security since 1997 and would be the first of 12 monthly auctions for the notes to take place over next year. [...]