…But ValueAct reminds investors it could yet bid March 19, 2012 WITH bidding partners ValueAct and CVC urging shareholders to take no action, and the market driving Misys’ share price above the offer from Vista, the future of the banking software firm is by no means clear. Misys acting chief executive Tom Kilroy said the board thinks “this is likely to be the best deal available,” [...]
Minimum wage rise kept down to help firms hire March 19, 2012 THE MINIMUM wage will be increased in October for most workers, the government announced yesterday – but those under the age of 21 will not see their pay rise as ministers fear it could price them out of the labour market. Adults aged 21 or over must be paid at least £6.19 per hour from [...]
Consumers call for fuel tax cut March 19, 2012 Consumer groups have stepped up pressure on the chancellor to relieve motorists from the soaring cost of petrol. A survey by Money Supermarket yesterday claimed that almost four in 10 Brits believe a cut in fuel duty would help the economy grow, and less than one in ten would like the levy kept on its [...]
MPs lobby for video games help March 19, 2012 A group of MPs has written to the chancellor asking for the video games industry to be given tax breaks in Britain. Members of the all-party computer and video games industry group has called for tax relief for the fast-growing sector, a step that it claims could create more than 4,000 jobs over the next [...]
Private funds show interest in toll roads March 19, 2012 PENSION funds have agreed to invest £2bn in infrastructure projects by the end of next year, David Cameron announced yesterday, beginning what the government hopes will become a flood of private sector investment. He told an audience of engineers that the country needs an extra £500bn of investment to update and replace its aging infrastructure, [...]
Workers will learn exactly what their taxes are funding March 19, 2012 INCOME tax payers will receive a breakdown of the total tax and national insurance they pay and details of where those revenues are spent from 2014-15, George Osborne is expected to announce in the budget tomorrow. An initial group of 20m people – or two-thirds of earners – will receive a personal tax statement breaking down [...]
CITY VIEWS: SHOULD DAVID CAMERON PRIVATISE THE ROADS? March 19, 2012 ANDREW CAULFIELD | CAULFIELD SEARCH “Given that our infrastructure is a bit of a mess I don’t think rail privatisation is the best model to follow on the roads: it certainly hasn’t benefited commuters, just the shareholders of Stagecoach.” ROB WILLIAMS | PARLIAMENT HILL “It wouldn’t affect me as I don’t drive because the prices [...]
WorldSpreads clients await losses as ETX eyes up assets March 19, 2012 ETX Capital is poised to mop up leftover assets from the spectacular collapse of its rival WorldSpreads as the firm’s administrators start work on finding millions in missing client money. ETX, a rival to spread betting firm WorldSpreads, which went into administration over the weekend, is most interested in snapping up technology assets and the [...]
Where’s my money? What to expect if you had a WorldSpreads account March 19, 2012 ● STAKE YOUR CLAIM Administrator KPMG will have details of all account-holders but you can call them to get any further information and make sure you are in line to receive further updates. The relevant number is 020 3284 8829 and you can check for news on www.worldspreads.co.uk. ● UNDER £50,000? DON’T WORRY Under the terms of the Financial [...]
Glencore is in exclusive talks to buy Canadian grain giant Viterra March 19, 2012 COMMODITIES giant Glencore is close to a deal to buy Viterra, Canada’s biggest grain handler, according to a source familiar with the matter. Viterra and Glencore are still in talks on price, but a deal could be reached within days at a price above C$16 per share, said the source, who could not speak publicly [...]