What the other papers say this morning – 28 April 2014 April 28, 2014 FINANCIAL TIMES Pfizer renews interest in AstraZeneca Pfizer, the US pharmaceuticals group, has renewed its interest in a takeover of UK rival AstraZeneca, in what would be one of the global drugs industry’s largest ever deals. The US group approached AstraZeneca, which has a market value of £51.5bn, within the last week and could make [...]
Scots boss of CBI to quit as Hague joins in split row April 28, 2014 THE BOSS of the Confederation of British Industry (CBI) in Scotland, Iain McMillan, is stepping down. The news comes just days after the business lobby group was forced to announce an embarrassing U-turn regarding its decision to register as part of the no campaign in the Scottish referendum vote. The decision to register with the [...]
Non-dom income tax bill has soared by a fifth since the crash April 28, 2014 THE AMOUNT of income tax paid by non-doms has risen by a fifth since the credit crunch, up 19 per cent to £6.8bn since 2008-9. Law firm Pinsent Masons shows that the tax take from people who are not domiciled in the UK has risen in each fiscal year since the crash, up until 2011-12, [...]
MPs to hit out at HS2 as research doubts benefits April 28, 2014 NEW RESEARCH claims the benefits of the High Speed 2 railway for the north of England have been exaggerated, and that the “regeneration myth” is obscuring the damage that would be done to some regions. Ahead of a vote in parliament on the new laws needed to build HS2, the Institute of Economic Affairs argued [...]
Cable grilled for third time over Royal Mail April 28, 2014 THE PRICING of Royal Mail shares will be in the spotlight again this week as business secretary Vince Cable faces a third bruising round of questions over the sell-off. Both Cable and business minister Michael Fallon have been recalled by the Business Select Committee to give further evidence tomorrow on the privatisation, and whether the [...]
How to get around if the tube strike goes ahead April 28, 2014 • BAKERLOO TfL hopes to run trains between Queen’s Park and Elephant & Castle around every six minutes in both directions. Not stopping at Edgware Road, Embankment, Kilburn Park, Lambeth North, Maida Vale, Piccadilly Circus or Regent’s Park. • CENTRAL No service would operate through the central area. TfL plans to run trains between Epping [...]
UK’s firms at most bullish in over a decade April 28, 2014 BRITISH firms are at their most confident for the near future in over 10 years, according to a survey released today, and ahead of 2014’s first growth figures later this week. The latest report from the Confederation of British Industry (CBI) shows businesses betting that growth will continue to pick up in the next quarter [...]
Big businesses at war in row over future of Britain in Europe April 28, 2014 THE CITY can thrive outside of the EU just as it did outside of the euro, campaign group Business for Britain said yesterday, in a spat with rival finance group TheCityUK. A referendum on Britain’s membership is the best way to force a renegotiation in the UK’s favour, said Business for Britain, which is backed [...]
Mounting Ukip support sends it into the lead for euro elections April 28, 2014 NIGEL Farage’s Ukip party has topped a poll for the Sunday Times ahead of the European elections, beating Labour and the Conservatives despite a week of political gaffes. The YouGov poll recorded 31 per cent support for Ukip, with Labour on 28 per cent and the Conservatives in third place on 19 per cent. It [...]
Bookies call on Osborne to stop industry attack April 28, 2014 THE HIGH street betting industry will present a petition to Downing Street this morning calling on the government to stop legislation that it claims is putting 10,000 jobs at risk. The petition of more than 1m signatures follows chancellor George Osborne’s budget, which imposed a 25 per cent tax rate on fixed odds betting machines. [...]
