Rod street chief executive British Champions Series October 17, 2013 QIPCO British Champions Day has, in just two short years, become one of the world’s most important race days and we’re delighted with the entries for this year’s showpiece. With the winners of the 2000 Guineas, the Derby, the Oaks, the Ascot Gold Cup and three top-class victors from Arc day set to face the [...]
Olympic Glory to wrap up the trainer’s title for Hannon October 17, 2013 EXCELEBRATION and Frankel are the two latest names etched on the Queen Elizabeth II Stakes’ roll of honour, which sums up perfectly the type of animal you need to win this £1m contest. Godolphin’s extremely talented Dawn Approach is set to go off favourite and Jim Bolger’s stable star looked like one of the greats [...]
US steps back from the brink October 16, 2013 Last-minute Senate deal allows America’s debt to keep growing REPUBLICAN politicians last night closed in on a last minute deal with their Democratic counterparts to extend the US debt limit and end the ongoing government shutdown in the world’s largest economy. The agreement was reached just hours before the country was due to hit the maximum $16.7 [...]
Banks face new probe on forex market fiddling October 16, 2013 THE CITY watchdog yesterday confirmed it is investigating alleged manipulation in the foreign exchange markets, which came to light after the Libor fixing scandal. RBS is known to be one bank involved in the probe, but it is thought that a range of other UK and overseas institutions are also involved. Although the currency markets themselves are [...]
UK prices rising at fastest pace in European Union October 16, 2013 INFLATION in Britain is higher than in any other country in Europe, official figures showed yesterday. The high rate means that average wages are falling in real terms, with consumer prices rising faster than wages for 39 of the past 40 months. British inflation came in at 2.7 per cent for the year to September, double [...]
Public sector pay drops as job market begins upturn October 16, 2013 THE AVERAGE pay of workers in the public sector fell in the three months to August, according to official figures released yesterday, the first decline for at least 12 years. According to the Office for National Statistics (ONS), average weekly earnings in the public sector fell by 0.5 per cent between August 2012 and August [...]
This crisis has been averted but the debt clock is still ticking October 16, 2013 SO IT appears to be a case of crisis deferred: as I write, the US seems sure to avoid default, for the next few months anyway. A temporary deal has been cobbled together; the big losers, it appears, are the Republicans who didn’t get anything meaningful. Yet the mad charade of the past few days [...]
Firms projecting exports boost for UK economy October 16, 2013 EXPORTERS in the UK are now at their most confident since the financial crisis, boosting the outlook for the country’s trade in the months ahead. According to the British Chambers of Commerce (BCC) and DHL’s quarterly report, released today, 69 per cent of exporters expect rising turnover in the fourth quarter of this year, the [...]
Prince Charles calls for end to short-termism October 16, 2013 PRINCE Charles yesterday said pension funds’ focus on quarterly results is “increasingly unfit for purpose” and called for the industry to adopt a longer-term outlook. The Prince of Wales said longer life expectancy means pension funds should help design an economic system “for the 21st and not the 19th century” that is aware of environmental risks. [...]
What the other papers say this morning – 17 October 2013 October 16, 2013 FINANCIAL TIMES General Electric to float Swiss arm GE Capital, the financial arm of General Electric, is to float a 60 per cent stake in its Swiss consumer credit operation, valuing the business at up to 1.5bn swiss francs (£1bn). The float of GE Money Bank, which will be renamed Cembra Money Bank, is expected [...]
