Berlusconi’s coalition partner calls on him to resign November 8, 2011 Umberto Bossi, the head of the Italian coalition government party the Northern League, has called publicly for prime minister Silvio Berlusconi to resign. Ahead of a crunch parliamentary vote on Italy’s public finances today, the call from Berlusconi’s coalition partner reinforces how far support for the PM has evaporated. “We asked the prime minister to [...]
Berlusconi’s coalition partner calls on him to resign November 8, 2011 Umberto Bossi, the head of the Italian coalition government party the Northern League, has called publicly for prime minister Silvio Berlusconi to resign. Ahead of a crunch parliamentary vote on Italy’s public finances today, the call from Berlusconi’s coalition partner reinforces how far support for the PM has evaporated. “We asked the prime minister to [...]
Prudential profits gain on Asia growth November 8, 2011 Life insurance giant Prudential has reported big increases in new business profit in the year to date and sought to reassure investors it is well insulated from the fallout from the Eurozone crisis. Prudential raised its overall sales by 15 per cent to £2.6bn in the first nine months of the year compared with the [...]
Prudential profits gain on Asia growth November 8, 2011 Life insurance giant Prudential has reported big increases in new business profit in the year to date and sought to reassure investors it is well insulated from the fallout from the Eurozone crisis. Prudential raised its overall sales by 15 per cent to £2.6bn in the first nine months of the year compared with the [...]
Industrial output stalls in September November 8, 2011 The UK’s total industrial output stalled in September after an 0.3 per cent gain in August, official data shows, adding fuel to fears that the economy is approaching a second recession. The overall industrial output measure reported by the Office of National Statistics, which includes oil and gas production and utility output, stayed at zero, [...]
Industrial output stalls in September November 8, 2011 The UK’s total industrial output stalled in September after an 0.3 per cent gain in August, official data shows, adding fuel to fears that the economy is approaching a second recession. The overall industrial output measure reported by the Office of National Statistics, which includes oil and gas production and utility output, stayed at zero, [...]
Evershed begins court action against Henderson Group November 7, 2011 VETERAN fund manager Patrick Evershed has today launched his long-awaited employment case against Henderson Group, the company that inherited the action after it bought out New Star in 2009. Evershed claims he was unfairly dismissed from New Star after sending a whistleblowing email alleging that John Duffield, the founder of the firm, was bullying staff [...]
Papademos in lead to be next Greek prime minister November 7, 2011 A former deputy head of the European Central Bank has emerged as frontrunner to become Greek prime minister, as party leaders bargained over who will lead a “100 day coalition” to push through a bailout before the nation runs out of money. Under EU pressure, an unaccustomed spirit of compromise seeped into Greek politics as [...]
Berlusconi denies he will resign November 7, 2011 Italian prime minister Silvio Berlusconi has denied that he plans to resign imminently and clear the way for the country to repair its public finances. Two senior Italian journalists, close to Berlusconi, earlier reported that the embattled leader could step down today or tomorrow. But a spokesman for Berlusconi denied he had any intention of [...]
Markets suffer as G20 disappoints November 4, 2011 World stock markets suffered today as the Cannes meetings of the world’s top 20 economies reached no new agreement on how to solve the crisis engulfing Europe. Investors sought out safe-haven assets such as UK and US government debt and sold equities and the euro after German Chancellor Angela Merkel said few countries in the [...]