TOO EARLY TO CALL THE IMPACT OF JAPAN’S ELECTION August 31, 2009 MARTIN SLANEYHEAD OF DERIVATIVES, GFT CHANGE is in the air in Japan. For more than 50 years the conservative Liberal Democratic Party enjoyed virtually unbroken rule. Unhappy with record unemployment and the problems of an ageing population, the centre-left Democratic Party. This may well herald a honeymoon period for the new government but is the [...]
Shake-up talks at Network Rail August 16, 2009 RICK Haythornthwaite, the chairman of Network Rail, is holding meetings with the company’s members throughout September and October to discuss changes to the group’s corporate governance. Among the changes being discussed is a motion to slash the number of members from 106 to around 30, to make the company more manageable.Network Rail doesn’t have investors, [...]
Shake-up talks at Network Rail August 16, 2009 RICK Haythornthwaite, the chairman of Network Rail, is holding meetings with the company’s members throughout September and October to discuss changes to the group’s corporate governance. Among the changes being discussed is a motion to slash the number of members from 106 to around 30, to make the company more manageable.Network Rail doesn’t have investors, [...]
EU regulators to call on King September 22, 2009 BANK of England governor Mervyn King could be handed a powerful role with a new pan-European regulator, in an effort by the European Commission (EC) to bring the UK on board with the plans. The EC will today publish its blueprint for a revamp of European financial supervision, which is set to create four new [...]
The British economy needs kid glove treatment September 16, 2009 The collapse in UK output seems to have run its course and activity is now stabilising, but what sort of recovery can we expect? Recent evidence on the economy has been mixed. On the positive side, the latest KPMG/REC Report on Jobs found that permanent and temporary staff appointments rose in August for the first [...]
GENERAL MOTORS SELLS VAUXHALL September 10, 2009 CAR giant General Motors (GM) yesterday revealed it is selling a 55 per cent stake in Vauxhall and Opel to Canadian car parts maker Magna International. The announcement ends a long bidding war for its European arm between Magna, which is backed by Russian bank Sberbank, and Belgian group RHJ International and Beijing Automotive. The [...]
GENERAL MOTORS SELLS VAUXHALL September 10, 2009 CAR giant General Motors (GM) yesterday revealed it is selling a 55 per cent stake in Vauxhall and Opel to Canadian car parts maker Magna International. The announcement ends a long bidding war for its European arm between Magna, which is backed by Russian bank Sberbank, and Belgian group RHJ International and Beijing Automotive. The [...]
Cut debt, but not yet: CBI September 27, 2009 THE Confederation of British Industry (CBI) will today call for a faster, more aggressive approach to solving Britain’s public debt crisis as it sets out its business recommendations for a new government ahead of next year’s election. CBI deputy director-general John Cridland said the emphasis should be on balancing the government’s books by 2015/16, two [...]
L&G calls for investor muscle June 17, 2009 L&G, the largest institutional investor in the UK is calling on board directors to face annual re-election in a bid to strengthen board accountability. Legal & General Investment Management said yestreday that as a “starting point” board chairmen, senior independent directors and chairmen of all board committees should stand for annual re-election.
Even before CSR, good business schools were already ethical September 9, 2009 MY word is my bond”, is the motto of the London Stock Exchange. There is a reason that this notion is fundamental to the City. Without trust, there can be no business – on the most basic level, you have to be able to believe that the goods you have paid for will be delivered, [...]