Half a million new firms set to open doors in Britain this year October 6, 2013 ALMOST 400,000 new businesses have been registered in Britain so far this year, putting the country on course for half a million new firms in 2013, according to StartUp Britain. Based on this total, the group estimates that a whopping 523,410 new companies will be formed this year. The campaign group, which combed through Companies [...]
Sable receives Guinea export decree October 6, 2013 Aim-listed Sable Mining, the iron ore producer run by ex-England cricketer Phil Edmonds and Andrew Groves, today said that the Guinea government has issued an export decree for its Nimba iron ore project, so that Sable can export iron ore through Liberia to the Port of Buchanan. “The issuance of our export decree…is a major [...]
Argentinian leader takes a month off October 6, 2013 Argentine President Cristina Fernandez has been told by doctors to take a month off because of a subdural hematoma on her brain, forcing her to abandon campaigning for important congressional elections taking place later this month. The 60-year-old president, who demanded that the UK hands over sovereignty of the Falkland Islands, was in full campaign [...]
GE predicts emerging markets growth October 6, 2013 General Electric vice chairman John Rice said yesterday that despite the shaky global economy, he expected the firm’s infrastructure businesses in emerging markets to post 10-15 per cent growth in the next five to 10 years. China would continue to have “healthy double digit” growth in the coming years said Rice on the sidelines of [...]
Mobiles leading spending spree for online ads October 6, 2013 COMPANIES spent a massive £3bn on online advertising to reach UK consumers in the first half of the year, up 17.5 per cent from a year earlier. A report by PwC and the Internet Advertising Bureau found that mobile advertising also grew 127 per cent from the same period in 2012, making up £429.2m of [...]
The Ritz reveals five-star profit as hotel value is lifted to £735m October 6, 2013 THE VALUE of the iconic Ritz hotel in Piccadilly has been lifted to £735m after a record year where it earned the highest revenue in its 107-year history. The landmark building, owned by Sir David and Sir Frederick Barclay, upped the price of its fixed assets after receiving “several unsolicited approaches” to buy it, according [...]
Johnston Press is in talks over debt mountain October 6, 2013 STRUGGLING publisher Johnston Press has entered negotiations with its lenders over its £306.4m debt. Johnston Press has reportedly hired Rothschild, the investment bank, to coordinate discussions with creditors including Barclays and Royal Bank of Scotland. The conversations with lenders could include a refinancing package would see the banks taking warrants in the company, giving them [...]
Recovery boosts confidence and profits in City October 6, 2013 FINANCE firms are doing increasing amounts of business with each other as confidence in their strength and in the economic recovery sets in, according to a report out today from PwC and the Confederation of British Industry (CBI). Optimism in the sector over the last quarter rose at the fastest rate since 1996, with upbeat [...]
France’s finance minister says he will abandon new corporate levy October 6, 2013 FRANCE will scrap plans for a new corporate tax which had been criticised by business leaders and instead temporarily increase existing taxes, finance minister Pierre Moscovici said in an interview with local media yesterday. The government had announced in its 2014 budget bill last month a change in corporate tax policy by removing an annual [...]
Consumer spending rises ahead of prices for sixth straight month October 6, 2013 CARD transactions rose ahead of inflation for the sixth month running in September, according to an analysis of Barclaycard’s 33.7m customers released yesterday. Consumer spending grew by three per cent in comparison to the same month last year, with restaurants seeing a big increase in trade, up 11.2 per cent. The figures match suggestions that [...]
