Bank of America analysts back HSBC’s possible move out of UK April 27, 2015 HSBC’s bosses are right to look at quitting the UK, a Bank of America Merrill Lynch analyst said yesterday. The high tax charge from the bank levy is a key factor, as is the cost of splitting the UK retail bank away from the rest of the business under the new ring fence rules. The [...]
Lib Dems: Blocking a BP takeover would be a massive Tory U-turn April 27, 2015 The Liberal Democrats believe it would be a huge shift for any future Conservative government to try to block a foreign takeover of BP. The party points to last year’s coalition row over a potential takeover of pharmaceutical giant Astrazeneca by Pfizer. Then, Vince Cable wanted to bring in greater restrictions to protect research and [...]
Greece’s golden boy Yanis Varoufakis and his tragic fall from grace. It all started with a misjudged Paris Match photoshoot April 27, 2015 It all began so well for Yanis Varoufakis. When he was thrust into the spotlight in January as the finance minister of a near-bankrupt Greece, the motorcycle-riding academic was acclaimed by media and academics alike as being a new voice for a new era. They dubbed him a rock star economist for his leather jacket [...]
Colder weather boosts Centrica in first quarter April 27, 2015 UTILITIES group Centrica delivered a more positive update to the market yesterday, following a profit warning and dividend cut announced along with its 2014 results in February, and said trading continues in line with previous guidance. The company said colder-than-usual weather in the UK and across North America in the year to date had led [...]
Styropack and Jablite deal sets up factory floor-to-corner office rise move April 27, 2015 THE DIRECTORS of Jablite and Styropack, including one who started his career on the factory floor at the latter 28 years ago, have completed a management buyout from previous owner Synbra Group. Richard Lee, managing director and new joint owner of the expanded polystyrene manufacturing business, started working at Styropack aged 17, and has worked [...]
Next former finance boss David Keens joins Sainsbury’s board April 27, 2015 THE FORMER finance boss of Next is to join Sainsbury’s this week as a non-executive director, the supermarket said yesterday. David Keens retired from Next in March after 29 years with the fashion retail giant, including 24 years as finance director. Sainsbury’s said he will join the board tomorrow, replacing Gary Hughes, who will retire [...]
Crammed commuter chaos at waterloo April 27, 2015 TRAINS across the whole South Western network were facing severe disruption last night after a person was hit by a train earlier in the day. A fault at Clapham Junction also caused problems and lines were closed for around two hours, with travel out of Waterloo severely delayed. The rail operator was forced to advise [...]
Recovery in UK manufacturing sees slowdown April 27, 2015 THE PACE of growth of manufacturing in the UK eased in April, according to survey figures released yesterday by the Confederation of British Industry (CBI). In the three months to April, an increase in output volumes was seen by 22 per cent of firms. A downturn was reported by 17 per cent, giving a rounded [...]
Business group: our exporters grow to match global demand April 27, 2015 The majority of British exporters saw their sales grow last year, according to a new report out today from the British Chambers of Commerce (BCC). Fifty-nine per cent of businesses sending their goods overseas recorded sales growth in 2014, according to the survey. Just over one-third of exporters had such strong growth last year that [...]
London Marathon 2015: City gents set a better rate than Bank governor Mark Carney April 27, 2015 In the race for success in the City, business leaders were spotted donning their Sunday best high-tech lycra at the weekend, to pit their footsies against each other in the fiercest battle of the year so far – the Virgin Money London Marathon 2015. From firing-line to finish, top-dog in the pack of City wolves [...]
