Britain slips two places in global race league table September 4, 2013 THE UK has become less competitive in the last year compared to its peer countries, according to a detailed global report published yesterday by the World Economic Forum. Despite the government’s frequently cited pledge to improve Britain’s standing in the so-called global race, the UK slipped from eighth place in 2012 to 10th place in this [...]
UK’s rebound is becoming a major headache for Mark Carney September 4, 2013 COULD Mark Carney’s luck have already run out? Given that he has only been governor of the Bank of England since July, it may sound churlish even to ask such a question. But the timing of his revolutionary announcement that interest rates would stay on hold for three years – barring a spike in inflation [...]
Nasdaq glitch repeats itself September 4, 2013 US REGULATORS were last night in discussions with Nasdaq following outage in the same system that caused the exchange to shut down for three hours last month. Yesterday’s outage lasted six minutes and halted trading in a selection of shares. But it was enought to spook investors, who briefly pushed down the exchange operator’s change. The Securities [...]
BlackBerry to sell this year September 4, 2013 BLACKBERRY’S board hopes to run a fast auction process that could result in a sale of the company by November, the Wall Street Journal said last night. It said a special committee of board members has narrowed its list of potential bidders since the company put itself up for sale in August, and is now pushing [...]
MP calls for Green Deal to be ripped up September 4, 2013 CONSERVATIVE MP Peter Aldous yesterday called on the government to reassess the Green Deal financing scheme – after just 132 people signed up to the environmental scheme. “The government moved very quickly to set up the Green Investment Bank,” said the MP for Waveney in Suffolk. “When you look at leveraging powers in Germany and [...]
What the other papers say this morning – 05 September 2013 September 4, 2013 FINANCIAL TIMES Dyson to hire hundreds of recruits Dyson has launched its biggest recruitment drive yet with plans to triple the number of engineers taken on this year in the latest sign of a rebounding British economy. The maker of bagless vacuum cleaners, which employs almost 4,500 across three sites in the UK and Asia, [...]
Obama backed by Senators on Syria attacks September 4, 2013 PRESIDENT Barack Obama last night won the backing of a key group of US Senators, paving the way for a full vote on military intervention in Syria. The Committee on Foreign Relations backed the President’s motion – which would allow air strikes for two months and bans US troops entering the country on the ground – by a [...]
City watchdog is considering regulating Bitcoin currency September 4, 2013 THE FINANCIAL Conduct Authority is actively considering regulating the virtual currency Bitcoin, it was claimed yesterday. Tom Robinson, co-founder of Bitcoin currency exchange Bitprice, told City A.M. that the regulator – which has until now watched the fast-growing currency from the sidelines – has taken a more active interest in recent weeks. “We know they’re looking at Bitcoin [...]
Foresight plans to raise £200m in London listing of solar fund September 4, 2013 ALTERNATIVE asset manager Foresight plans to float its solar fund on the main market of the London Stock Exchange in a bid to raise up to £200m. It is hoping to launch the float later this month with a listing expected as soon as October. Retail investors, as well as non-specialist institutions, will be able [...]
Sir Stuart Rose joins HSBC as an advisor September 4, 2013 FORMER Marks & Spencer boss Sir Stuart Rose has taken on an advisory role at banking giant HSBC. The retail veteran has recently accepted a part-time role on the European advisory council in HSBC’s investment banking division. The council has around six members from different sectors that HSBC can draw on for advice, including BAE [...]
