Reactions to the chancellor’s statement December 5, 2013 THE BUSINESS GROUPDirector general of the CBIJohn Cridland The CBI had lobbied the government to cap business rates at two per cent and support business finance. “We have always advocated the dual approach of tackling the deficit and driving growth – the OBR forecasts confirm it is working. Let’s stick with what works. “The pressure [...]
Film tax relief backed by industry December 5, 2013 KEY MEMBERS of the UK film industry came out in support of government plans to encourage UK film production yesterday. The plans include the extension of film tax relief from 20 per cent to 25 per cent for major films with budgets over £20m from April 2014. British Film Institute chief executive Amanda Nevill said, [...]
Employee savings and share schemes get a lift December 5, 2013 WORKERS will get the right to acquire up to £3,600 a year in share incentive plans, up from £3,000 currently, or £1,800 a year in partnership shares, from April. As part of the government’s push for John Lewis-style partnerships, firms that offer employees a stake in the company will be able to share £25m in [...]
Best of the Brokers for 06 December 2013 December 5, 2013 To appear in Best of the Brokers, email your research to notes@cityam.com DRAX Barclays confirms its “overweight” rating on the energy supplier and raises the price target to 915p from 800p. The broker believes the company will pay out additional dividends after an expected change in capital structure, following progress on its biomass plants. AMEC [...]
London Report: FTSE falls for a fifth day amid US taper jitters December 5, 2013 BRITAIN’S benchmark equity index fell for a fifth straight day yesterday, its longest losing streak since March, as improving US economic data fuelled expectations that the Federal Reserve may cut its equity-friendly stimulus programme early. The US economy grew faster than initially estimated in the third quarter, data showed, encouraging bets that unemployment and non-farm [...]
New York Report: Wall Street continues its trek downward December 5, 2013 US stocks fell yesterday, with the Dow and S&P 500 dropping for a fifth straight session after a round of mixed economic data left traders guessing as to when the Federal Reserve would begin to slow its stimulus programme. The Dow and the S&P 500 are in their worst stretch since September. However, the moves [...]
Family homes with a modern twist December 5, 2013 Townhouses are standing tall next to the increasing numbers of towers that are dominating the skyline TOWNHOUSES were once the reserve of London’s nobility, standing tall around the boundaries of the City of London. But as the population rose, so did residential buildings and now it’s not unusual to live 10 or 20 storeys above [...]
WWII victory site converted into new flats December 5, 2013 The 18th century former RAF mansion goes on sale as four luxury apartments A MANSION that served as the RAF’s headquarters during the Battle of Britain has been converted into luxury family homes that pay homage to its illustrious past. Bentley Priory Mansion House in Stanmore, north west London, overlooks vast lawns where two replicas [...]
Defiant English clubs explore Heineken Cup replacement December 5, 2013 ENGLISH rugby clubs are exploring the feasibility of forming an intercontinental competition with their South African counterparts, after unanimously reiterating they will not take part in the Heineken Cup or Amlin Challenge Cup from next season. Following yesterday’s meeting between representatives of all top-flight clubs, plus Leeds and Bristol, Premiership rugby confirmed it is now [...]
Australia sorry for Panesar race row Twitter post December 5, 2013 AUSTRALIAN cricket chiefs were forced to apologise yesterday after they reignited Ashes hostility with an offensive post on Twitter about England spinner Monty Panesar. Cricket Australia sparked accusations of racism with the item, which appeared on its official feed minutes before the second Ashes Test began in Adelaide in the early hours of Thursday. The [...]
