Lib Dem urges tax crackdown June 24, 2012 TREASURY minister Danny Alexander yesterday claimed that the basic rate of tax could be cut by 2p in the pound through a crackdown on tax avoidance. The Liberal Democrat said cutting the amount of uncollected tax by a quarter could enable the saving. It is important that “everybody, especially the rich and famous, are paying [...]
Acquiring firms outperform the rest of market June 24, 2012 EUROPEAN firms that make acquisitions tend to outperform the rest of the market, according to new research released today. Second-quarter figures from Towers Watson’s Quarterly Deal Performance Monitor (QDPM), which records data on all deals with a value of at least $100m (£64m), demonstrates that acquirers within both European and Asia-Pacific markets continue to outperform [...]
OLYMPIC MEDIA BUZZ LONDON 2012 PARTNERS June 24, 2012 IN ASSOCIATION with Repskan.com, City A.M. is measuring the relative Olympic media buzz around the London 2012 Olympic and Paralympic Games partners, week by week. The leaderboard, right, reflects their ranking over the past week, in this case from Wednesday 13 June to Wednesday 20 June. British Airways has jumped in the rankings, following the [...]
Coins are cool at the British Museum display June 24, 2012 The Money Gallery at the British Museum re-launches today – with a prototype British coin produced for its possible entry into the euro back in the late 1990s. The gallery, which is sponsored by Citi, includes thousands of the artefacts showing the history of money, including a sample British 20 cent coin produced for the [...]
CITY MOVES WHO’S SWITCHING JOBS June 24, 2012 Regard Sandie Foxall-Smith has been appointed chief executive of the care specialist group. She joins after four years as chief executive of St Peter’s Hospice in Bristol, and replaces co-founder and major shareholder John Farragher. Foxall-Smith has many years’ experience in the healthcare sector, and previously served as director of development at Circle Health and [...]
BEST of the BROKERS June 24, 2012 STANDARD CHARTERED Canaccord Genuity rates the bank “sell” with a target price of £13.25. The broker expects to see evidence of double-digit asset and earnings growth in StanChart’s interim management statement on Wednesday, but thinks this growth is already factored into the share price. INVENSYS UBS rates the software maker a “buy” with a target [...]
European leaders agree on €130bn package for growth June 22, 2012 The leaders of Germany, France, Italy and Spain this afternoon agreed in principle to a €130bn (£104bn) package of measures aimed at reviving economic growth in the Eurozone. But critics say the measures are largely symbolic and debate remains about the whether the nations will issue joint bonds to combat the debt crisis. After a [...]
High-end London rents fall for first time in two years June 22, 2012 Rents in the most London’s most exclusive and expensive neighbourhoods have dropped for the first time in two years, which estate agencies attribute to the number of redundancies at leading banks. Research conducted by property consultants Savills has shown that average prime rents dropped by 0.4 per cent to £60 per square foot in the [...]
RBS and Natwest problems could continue into weekend June 22, 2012 Customers of RBS and NatWest have continued to face issues with their bank accounts today, as account balances again failed to update properly overnight. The issues with the banking group’s IT systems have left customers unable to make payments or receive wages, while many others have been left confused about whether they can access the [...]
320 British jobs lost as refuelling work moves to Spain June 22, 2012 Around 320 jobs are to go at an aircraft manufacturing plant in Bournemouth, after a consortium producing new air-to-air refuelling jets for the British government decided to move the work to Madrid. Cobham Aviation Services and Airbus Military today announced that the ten aircraft will be converted in Spain, rather than the UK. Locating the [...]