Reed Elsevier announces resignation of CFO Duncan Palmer September 25, 2013 Information provider Reed Elsevier has announced the resignation of its chief financial officer Duncan Palmer, owing to family circumstances. (Release) Chief executive Erik Engstrom explained that Palmer needs to return to the US, but his contribution to the company makes it disappointing to see him go. Reed Elsevier is a leading publisher and information provider [...]
Less confidence for businesses in France September 25, 2013 Business confidence in France has diminished this morning with Semptember's business climate index coming in at 97, after it was predicted at 99, up from last month's 98. The point decrease for September shows a pausing in the industrial business sector:
Before the open: markets remain lackluster as Fed indecision continues September 25, 2013 With the Fed's message on tapering somewhat muddled, US markets remain dulled for a fourth day, following last week's highs. This, along with the impending debt ceiling debate and potential for government shutdown over Obamacare, is also slowing down European markets, which are expected to open lower this morning. Just over half an hour to [...]
Labour declares war on business September 24, 2013 Miliband hits energy firms with plot for £4.5bn price freeze British Gas owner Centrica threatens to quit UK over plan Policies on tax, energy and construction slammed ED MILIBAND yesterday launched an extraordinary attack on swathes of British business as he returned his party to its left-wing roots by unveiling a range of punitive policies [...]
Centrica labels Labour plan as a recipe for ruin September 24, 2013 BRITAIN’S big six energy companies yesterday lambasted Labour leader Ed Miliband’s pledge to freeze energy bills until 2017, saying his planned reforms could financially ruin firms and discourage infrastructure investment. Sir Roger Carr, chairman of British Gas owner Centrica, said Labour’s plan to implement price controls could leave companies in a vulnerable position. “When costs [...]
Business groups tear into Labour plan to scrap corporation tax cut September 24, 2013 BUSINESS groups lined up to pan labour leader Ed Miliband’s promise to reverse a planned corporation tax cut yesterday, in broad agreement that recent reductions had been a positive development. The treasury has reduced corporation tax from 28 per cent to 23 per cent so far in government, with plans to reduce it further to [...]
Developers deny landbanking as Miliband vows to fine building firms sitting on valuable plots September 24, 2013 THE CONSTRUCTION industry yesterday rejected Ed Miliband’s suggestion that Britain's housing supply issues are caused by developers hoarding land, amid criticism of his willingness to confiscate land if firms that do not get building. “We will say to private developers you can’t just sit on land and refuse to build,” the Labour leader told his [...]
Balls to restrict pension tax relief for wealthy September 24, 2013 SHADOW chancellor Ed Balls confirmed yesterday that a future Labour government would cut tax relief on pensions, reducing the refunds available to higher-income taxpayers. Balls’ speech on Monday said that removing tax relief for “the very highest earners” would save enough to pay for a compulsory jobs programme, which would apply to young and long-term [...]
Latest polls put Labour eight points ahead September 24, 2013 DESPITE a cold shoulder from business groups on plans for corporation tax, Ed Miliband’s Labour party still commands a sizeable lead in many polls. Yougov’s most recent poll, conducted between Sunday and Monday, found that Labour have an eight-percentage point lead, scooping up a full 40 per cent of the popular vote. The Conservatives lag [...]
Riverstone aims to raise £1.5bn in energy float September 24, 2013 PRIVATE equity firm Riverstone Holdings yesterday said it is planning to float a new energy investment vehicle, Riverstone Energy, on the London Stock Exchange, in an initial public offering to raise up to £1.5bn. Lord Browne, former boss of oil major BP, is a partner at Riverstone Holdings and will take a board seat at [...]