Inflation falls at last – but the damage has already been done June 19, 2012 AT last, Britain’s inflation problem is abating. Prices are still increasing too quickly – inflation remains at 3.1 per cent on the retail price index and 2.8 per cent on the consumer price index, painful as wages are growing far less quickly. But the direction of travel is reassuring. The Bank of England – by [...]
WHAT THE OTHER PAPERS SAY THIS MORNING July 13, 2011 FINANCIAL TIMES WATCHDOG IN PENSION VICTORY Britain’s Pensions Regulator has dropped the threat of action against US-based Chemtura Corp and its UK subsidiary, after the company agreed to pay £60m into its pension scheme over the next three years. In December 2010, the regulator issued a formal warning to Chemtura Corp and Chemtura Manufacturing UK that [...]
WHAT THE OTHER PAPERS SAY THIS MORNING October 16, 2011 FINANCIAL TIMES CHOPPY MARKETS THREATEN EMI SALE Turbulent financing markets could derail Citigroup’s attempt to sell EMI, according to people close to the $3bn-plus auction who warned that the US bank could abandon the sale if it cannot squeeze higher offers from bidders. The bidding process remains fluid, with Citigroup expected to decide within two [...]
WHAT THE OTHER PAPERS SAY THIS MORNING September 19, 2011 FINANCIAL TIMES SIEMENS SHELTERS CASH AT ECB Siemens withdrew more than half a billion euros in cash deposits from a large French bank two weeks ago and transferred it to the ECB, in a sign of how companies are seeking havens amid Europe’s sovereign debt crisis. The German industrial group withdrew the money partly because [...]
WHAT THE OTHER PAPERS SAY THIS MORNING September 12, 2011 FINANCIAL TIMES UNICREDIT CHIEF SIGNALS RIGHTS ISSUE TO INCREASE CAPITAL LEVELS UniCredit has given its clearest signal yet that it will seek to raise its capital buffers as market turmoil continues to hit European bank shares. In his first big interview since becoming chief a year ago Federico Ghizzoni told the Financial Times that details [...]
Crackers boost for Greetings December 8, 2010 INTERNATIONAL Greetings, the cards and wrapping manufacturer, yesterday reported a surge in demand for Christmas crackers. Total first-half sales rose 13 per cent to £104.5m, with pre-tax profits more than doubling from £1m to £2.1m in the six months to the end of September. Chief executive Paul Fineman said the company will sell 70m crackers [...]
Crackers boost for Greetings December 8, 2010 INTERNATIONAL Greetings, the cards and wrapping manufacturer, yesterday reported a surge in demand for Christmas crackers. Total first-half sales rose 13 per cent to £104.5m, with pre-tax profits more than doubling from £1m to £2.1m in the six months to the end of September. Chief executive Paul Fineman said the company will sell 70m crackers [...]
Why Britain needs to save far more July 20, 2010 THERE is no better way to kill a dinner party discussion than to bring up the subject of pensions. Just ask your friends when they expect to retire, and how much they hope to earn when they stop working. The usual answer – apart from the lucky few who still enjoy final salary schemes – [...]
A tarnished outlook for base metals September 26, 2010 UBS SHOCKED short-term traders on Friday when it issued a report calling time on copper’s upside. Spread betters should take note of the conditions facing industrial metals and consider switching to precious ones. UBS’s research says that the global environment in the fourth quarter will not sustain the big mining companies’ Antofagasta and Kazakhmys’ current [...]
WHAT THE OTHER PAPERS SAY THIS MORNING March 9, 2010 FINANCIAL TIMES REGULATORS TELL US BANKS TO HOLD FUNDS US regulators have told banks not to increase dividends or buy back shares until political and economic uncertainty surrounding the industry dissipates, in a move that will delay by months the return of capital to shareholders. Some investors in financial stocks argue that winners of the [...]