Fake Facebook entry banned July 25, 2008 A business whose personal details were falsely entered on Facebook, the social networking website, has won substantial libel damages at the High Court. Mathew Firsht won £22,000 in damages against an old school friend, Grant Raphael, who created the false entries. The judge ruled that Raphael’s defence – that the entry was created by people [...]
Imperial fired up for growth July 25, 2008 Imperial Tobacco, the world’s fourth-biggest cigarette company, yesterday said group performance had been in line with forecasts and that it was on course for another good year. The British maker of Lambert & Butler cigarettes said the integration of Altadis, the Franco-Spanish rival it acquired for €12.6bn (£9.92bn) in January, was going well. “Our operating [...]
MPC vote split three ways July 24, 2008 A surprise three-way split between Bank of England rate setters left economists guessing whether an interest rate rise was on the cards. The minutes of July’s Monetary Policy Committee rate contained the word inflation 54 times, which is higher than the average, according to Lehman Brothers, highlighting the MPC’s concerns about cost rises. Seven members [...]
Raikkonen considering quitting sport when Ferrari deal runs out next year July 24, 2008 World champion Kimi Raikkonen has sensationally admitted he could walk away from the sport next year. The paddock has been rife with speculation that the Ferrari driver is on the verge of retiring from the sport at the age of 28. Raikkonen insists he has no intention of breaking his £20m-a-year contract with the Italian [...]
Sweet start to the year by Tate & Lyle July 24, 2008 Sugar refiner and sweetener maker Tate & Lyle said yesterday it has made a satisfactory start to its financial year and was on track to achieve progress for the year as a whole. The company, which makes sucralose sweetener Splenda, said in a trading update ahead of its annual shareholder meeting that pre-tax profit in [...]
ABI: Darling must end ‘ill considered’ taxes July 24, 2008 Chancellor Alistair Darling must put an end to “ill-considered” tax measures and create greater tax certainty to enable British businesses to compete internationally and encourage investment from overseas, according to the Association of British Insurers (ABI). A report published today puts forward a series of proposals that it thinks will help see Britain through the [...]
Optimism remains possible amid the economic meltdown July 24, 2008 UK economic news over the last week has been bad. Consumer prices are now increasing at an annual rate of 3.8 per cent, almost double the Bank of England’s 2 per cent target. Inflation is now likely to reach almost 5 per cent by the autumn. At the same time, the labour market is being [...]
Pips and pairs: forex trading comes to a screen near you July 23, 2008 Phil Thornton takes a look at some of the new retail forex platforms out there Just a decade ago, the closest that even the savviest investors came to foreign exchange trading was deciding when and where to buy foreign currency for their summer holiday. Thanks to financial liberalisation and massive advances in technology, private investors [...]
A good trading plan is the first step if you want to make money with CFDs July 23, 2008 You could come a cropper if you don’t have information at your fingertips, says David James Norman Trading with contracts for difference (CFDs) can be a complicated undertaking. That is why arguably the most important part of successful CFD trading is to have a clear plan. Think of your CFD trading like a business: it [...]
Designer drugs are all the rage, but do you need chemical help to get ahead? July 23, 2008 More people in the City are taking uppers and downers to help them work, rest and play Yet again this week the news has been full of stories about new wonder-drugs, and tales of successful types taking Ritalin or modafinil, drugs which are prescribed for, respectively, ADHD and Alzheimer’s. Apparently, when given to healthy people [...]
