DMGT discusses a fresh new name April 19, 2012 With 74 per cent of its profits coming from its business to business activities, Jonathan Harmsworth’s Daily Mail and General Trust group is becoming increasingly less reliant on its national newspapers for its financial growth. So it comes as no surprise to the CAPITALIST to hear there have been some vigorous discussions within the DMGT [...]
LONDON 2012 IMAGE OF THE WEEK April 19, 2012 The world’s leading wheelchair rugby teams arrived in London this week to participate in a test event for the Paralympic Games. Colliding on the court of the basketball arena, Per-Johan Uhlmann of Sweden and Aaron Phipps of Great Britain were taking part in the London Invitational Wheelchair Rugby Tournament. Between now and the start of [...]
Who’s bad? Tyson answers your questions April 19, 2012 IF you find the world of finance a little dog-eat-dog, who better to get some advice from than the one-time Baddest Man on the Planet, Mike Tyson? Iron Mike, the former undisputed world heavyweight champion turned Hollywood actor, will share his singular wisdom at the May Fair Hotel tomorrow night – and City A.M. has [...]
CBI warns UK’s tax system will drive firms out April 19, 2012 THE UK’S tax system is so complicated and expensive that it undermines economic growth and drives firms abroad, a leading business group said yesterday. Hitting back at allegations of firms dodging taxes and abusing the system, the Confederation of British Industry’s (CBI) report into tax argued firms pay a very large share of total government [...]
Business confidence hits a two year high as factories prosper April 19, 2012 BRITAIN looks likely to have escaped a double-dip recession as confidence surged in the first quarter of the year, according to survey data published yesterday. A separate study, out today, shows the number of distressed firms fell sharply over the three months led by the manufacturing sector. A net balance of 19 per cent of [...]
Investor worries slam Spanish stocks April 19, 2012 SPANISH stocks fell close to their lowest level in three years yesterday after the government’s borrowing costs jumped again on fears the deficit cannot be reduced successfully. The Spanish government successfully sold €2.5bn (£2.04bn) of debt, but the yield on 10-year bonds rose from 5.3 per cent at its previous auction to 5.7 per cent [...]
Strong first quarter from UK’s exporting car manufacturers April 19, 2012 THE MANUFACTURING sector has received a strong boost from carmakers, as industry figures yesterday showed the 11th consecutive month of output growth. Car output rose 0.3 per cent in March, taking growth over the first quarter to 12.3 per cent. A total of 135,456 cars were made in the month, with 79.6 per cent – [...]
US recovery stumbles on jobless jump April 19, 2012 NEW jobless benefit claims in the US were higher than expected last week, official data showed yesterday, while manufacturing activity slowed in April for the first time in five months. Initial jobless claims fell to 386,000 in the week to 14 April, from an upwardly revised 386,000 in the previous week and higher than the [...]
ECB OFFICIAL: BAILOUTS UNDERMINE REFORM April 19, 2012 CASH transfers from rich to poor countries will undermine incentives for those uncompetitive countries to reform, damaging them and the wider Eurozone in the long run, top European Central Bank (ECB) economist Peter Praet warned yesterday. Only fiscal austerity and dedication to reform can lead to prosperity, he explained.
CITY MOVES WHO’S SWITCHING JOBS April 19, 2012 Grant Thornton UK The business and financial adviser, and UK subsidiary of Grant Thornton International, has reappointed Scott Barnes as chief executive. He was first given the role in 2008 and has led the firm’s restructuring during the financial downturn. He will remain in the position through to 2015. Yorkshire Building Society The UK’s second [...]
