Our corporate reporting is broken: but new research says that it can be fixed February 21, 2012 Pressure mounts for substantial changes to company reports, as a survey uncovers ambiguous attitudes SOME debates, it seems, go unresolved for years despite their importance. The future of corporate reporting is one such issue. It is now more than five years since the leaders of the biggest six accounting firms declared that the reporting system [...]
Panamera GTS and BMW’s new-gen 3-series both score February 21, 2012 Porsche’s new Panamera shows that two more seats can still be sporty PORSCHE’s four-seat Panamera has sold surprisingly well. Though it’s pretty agile for such a large, heavy motor it’s never felt as sporty as it could have with a character that’s more luxury limousine than dynamic sportscar, even in its range-topping Turbo iteration. It’s [...]
CAR TALK February 21, 2012 FORD’S FIESTA-SIZED B-MAX Will Ford’s new B-MAX be the cleverest little car this year? The new Fiesta-sized MPV has its central body B-pillars incorporated into the doors so there’s a 1.5m long opening on either side of the car. Easy to get in and out of and you should be able to load large items [...]
FTSE closes down as doubts remain about Greek bailout February 21, 2012 The FTSE 100 closed down today after investors remained unconvinced by the Greek bailout deal. London’s blue chip index closed down 17.05 points, or 0.3 per cent at 5,928.20, retreating from a seven-month closing high it reached on Monday following high expectations for the Greek deal. Having risen 6.5 per cent since the start of [...]
ASDA sales growth slows February 21, 2012 Supermarket firm Asda suffered a slowdown in sales growth as shoppers were squeezed by rising prices and muted wages growth. Britain’s second-biggest supermarket chain said today that sales at stores open over a year, excluding fuel and VAT sales tax, rose 1 per cent in the fourteen weeks to 7 January. Asda said underlying sales [...]
House sales up 23% on last year February 21, 2012 There were 64,000 UK property sales in January, up 23 per cent compared the same month last year, according to figures from HM Revenue and Customs (HMRC). Sales numbers endured the traditional post-Christmas dip, falling from 86,000 in December. But the January figures are the highest since 2008. Yesterday the Council of Mortgage lenders said [...]
FTSE Flat as Greek bailout gets the nod February 21, 2012 THE FTSE 100 was broadly flat this morning as Eurozone leaders agreed a second bailout for Greece after weeks of tortuous negotiations. Investors overall were encouraged by the move but there were still fears that the €130bn lifeline was only a short term fix for Greece which is drowning in debt. The deal was largely [...]
UK public finances in bigger than expected surplus February 21, 2012 UK public finances posted their biggest monthly surplus in four years in January, driven by a drop in local government borrowing and a modest rise in tax receipts, the Office for National Statistics said on Tuesday. The figures will come as a relief for Chancellor George Osborne after ratings agency Moody’s warned last week that [...]
Amec launches £400m buyback as profits jump February 21, 2012 Engineering group AMEC said it would launch a £400m share buyback programme and raised its dividend by 15 per cent, as it posted a jump in 2011 profit alongside a positive outlook for the current year. AMEC, whose customers operate in the mining, oil and gas, nuclear power and renewable energy sectors, on Tuesday reported [...]
Eurozone agrees second Greece bailout February 21, 2012 Eurozone finance ministers sealed a €130bn bailout for Greece to avert a chaotic default in March after persuading private bondholders to take greater losses and Athens to commit to deep cuts. After 13 hours of talks, ministers finalised measures to cut Greece’s debt to 120.5 per cent of gross domestic product by 2020, a fraction [...]
