What the other papers say this morning – 29 August 2013 August 28, 2013 FINANCIAL TIMES Amazon tax fight in Supreme Court Jeff Bezos’s Amazon is taking a high-stakes legal battle to the US Supreme Court, hiring one of Washington’s most prominent lawyers Ted Olson to fight the taxation of its shoppers in New York state. Amazon wants the court to review a case about the most incendiary political [...]
Governor stands firm on plan for UK interest rates August 28, 2013 INTEREST rates could stay at rock bottom even after unemployment falls below seven per cent, Bank of England governor Mark Carney said yesterday. In a bid to convince sceptical markets he really is serious about keeping rates down for the next three years, Carney said he would look for a wide range of evidence that [...]
Biscuit maker Burton’s looks for jammy deal August 28, 2013 BRITAIN’S second largest biscuit maker has been put up for sale, with an estimated pricetag of £350m – enough to buy 318m packets of its famous Jammie Dodgers. Burton’s Biscuit Company, which also owns Wagon Wheels and makes biscuits for Cadbury’s, plans to issue an information memorandum to prospective buyers next week. “We can confirm [...]
Football fans descend on Mayfair hedgie August 28, 2013 HEDGE fund Sisu Capital was targeted by a group of angry football fans last night, as Coventry City supporters protested outside the firm’s Mayfair offices. The fans are furious at Sisu, the club’s owners, for moving their team’s home games to Northampton, over 30 miles away from Coventry. Ongoing protests will be held outside the [...]
G4S sells shares to push down £2bn debt pile August 28, 2013 SECURITY group G4S yesterday drew a line under the swashbuckling era of former chief executive Nick Buckles as it announced a series of drastic moves designed to avoid an embarrassing credit rating downgrade. G4S – whose reputation took a battering after it failed to supply enough guards for last year’s Olympic Games – yesterday raised £350m [...]
Bottom Line: New broom sweeps in a fresh start August 28, 2013 LET’S move past the disappointing set of numbers that G4S released yesterday for a moment – investors certainly did – and take a closer look at Ashley Almanza, tasked with the unenviable job of turning the firm around after Nick Buckles fell on his sword in May. Just three months into the role, Almanza [...]
Carney gives seal of approval to singer Bugg August 28, 2013 BANK of England governor Mark Carney impressed delegates with his regional knowledge – and earned some major cool points – in his Nottingham speech yesterday, dropping the name of local-born singer-songwriter Jake Bugg in a somewhat laboured link to UK productivity. “I hope I haven’t jinxed it, but I saw him play in Hyde Park [...]
Candy gets the thumbs up to turn Knightsbridge office into house August 28, 2013 PROPERTY tycoon Christian Candy, one of London’s best known residential developers, is turning an office building in Knightsbridge into a supersized residential home. Candy’s CPC Group was granted planning permission by Westminster borough council earlier this week to convert its offices at Rutland Gardens into a house, which will be 16 times the size of [...]
Ryanair hits out at order to sell Aer Lingus stake August 28, 2013 THE COMPETITION Commission (CC) yesterday said it plans to force Ryanair to sell most of its stake in rival airline Aer Lingus, prompting a furious response from boss Michael O’Leary. The CC said yesterday that Ryanair must sell its 29.8 per cent stake down to five per cent, confirming its finding in May that the [...]
Inside Track: City watchdog must be careful to practise what it preaches August 28, 2013 IT is not easy to overlook the villainy of the banks and credit card issuers which sold superfluous insurance policies to millions of consumers through the York-based company CPP. But for sheer duplicity, the sanctimonious words of Martin Wheatley, chief executive of the Financial Conduct Authority (FCA), came close to rivalling the firms it regulates [...]
