CITY VIEWS DO YOU FIND ENERGY TARIFFS CONFUSING?* April 11, 2012 EDWARD GRIGSON MOTABILITY OPERATIONS Yes. There are so many of them out there. It would be good for the companies to explain which is best rather than having to work it out from all the options. I suspect many people will switch tariff. ROZ FLEMING FIDELITY Yes – I pay by direct debit and I [...]
Indonesia buys Airbus planes April 11, 2012 INDONESIAN airline Garuda has agreed to buy 11 Airbus planes, in a deal that Prime Minister David Cameron said will support UK jobs. Garuda’s purchase of the A330 jets is worth around $2.5bn (£1.6bn), with factories in Britain working on the wings. Cameron said the deal was “good news for the UK aerospace industry”. The [...]
PM thinks again on charity tax April 11, 2012 DAVID CAMERON raised hopes that a planned tax relief on charitable donations could be watered down yesterday. The Prime Minister started to row back from plans to stamp out abuse of charitable giving, saying yesterday he will listen “very sympathetically” to the concerns voiced by charities themselves, which have warned the rules will reduce donations. [...]
Terry Smith’s dividend boost nets him £7.5m April 11, 2012 CITY veteran and Tullett Prebon chief executive Terry Smith picked up £7.5m including pay and dividends last year. Smith’s bonus was cut by a sixth to £3.38m, half of which came in shares which he cannot cash in until 2014, but he received free shares and dividends worth nearly £3.5m. Tullett, a major interdealer broker, [...]
CAB boosted as Consumer Focus closed April 11, 2012 THE role of Citizens’ Advice will be expanded as Vince Cable’s government department shakes up the system of consumer protection. Citizens Advice will take on responsibilities from the Office for Fair Trading (OFT) and play a greater role in speaking up for consumers in unregulated industries, the Department for Business said yesterday. It launched an [...]
CAMERON WELCOMES CHINESE INVESTIGATION April 11, 2012 PRIME Minister David Cameron yesterday said it was important to get to the truth in the “disturbing” and “tragic case” of the murder of UK businessman Neil Heywood, who was found dead in China last November. Gu Kailai (top left), the wife of dismissed senior Communist Party official Bo Xilai (top right), has been detained [...]
Gieves & Hawkes sold for £60m April 11, 2012 SAVILE ROW tailor Gieves & Hawkes, which dressed Prince William for his engagement announcement and wedding last year, is being acquired by its Hong Kong licensee Trinity in a deal totalling £60m. The suit maker, which was founded at 1 Savile Row in 1771, makes both military and business suits, and has dressed Winston Churchill, [...]
Freshfields tops global advisers on M&A deals April 11, 2012 MAGIC circle law firm Freshfields Bruckhaus Deringer has come top of a list of global advisers on M&A deals for the first quarter of 2011, bolstered by its leading role advising Xstrata on a takeover bid by commodities giant Glencore. In the three months to 31 March, Freshfields advised on 39 deals worth a total [...]
BA to cut jobs as it outsources Gatwick work April 11, 2012 BRITISH Airways is planning to shake up its operations at Gatwick, in a move that unions said could cost hundreds of jobs. The flagship carrier said it has begun talks with unions over job cuts as it outsources 400 baggage and coaching roles to a third party supplier and scales down its customer services team. [...]
Heathrow at its busiest thanks to new markets April 11, 2012 MORE THAN 70m people travelled through Heathrow in the last year, the airport’s busiest ever, according to figures from owner BAA out yesterday. Traffic at Britain’s busiest airport was up six per cent in the year to March, which BAA credited to the soaring popularity of its routes to newer markets such as China. Its [...]