General Election 2015: AA CFO Martin Clarke wants honesty on NHS spending and an end to non-dom tax breaks April 20, 2015 ELECTION COUNTDOWN: 16 DAYS TO GO Every day until the final week of the election campaign, we ask a business leader to say what policies would entice them to vote for a particular party. MARTIN CLARKE: CFO, AA ■ Had the courage to admit that throwing money at the NHS is not [...]
Ed Davey forces Russian billionaire Mikhail Fridman to sell off North Sea gasfields April 20, 2015 Energy secretary Ed Davey has given the Russian tycoon Mikhail Fridman six months to sell off the North Sea gas fields. Davey notified Fridman’s LetterOne company of the decision yesterday, informing it that if the sale did not occur by the deadline he had set, the firm’s licenses in the North Sea would be revoked. [...]
Morgan Stanley joins US banks’ profit recovery April 20, 2015 BOOMING bond and equities trading revenues gave Morgan Stanley its best quarter since the financial crisis, as the investment bank joined its peers in celebrating a strong rise in profits yesterday. Net income came in at $2.3bn (£1.5bn) for the first quarter, up 59 per cent on the year. Revenues rose 10.1 per cent to [...]
British Chambers of Commerce blasts major political parties for irresponsible election campaigning April 20, 2015 A leading business group has today accused the largest political parties of acting irresponsibly in the run-up to the General Election. In an open letter sent to the leaders of the main parties, British Chambers of Commerce Director General John Longworth said politicians are abandoning long-term interests in favour of short-term political point-scoring. “On the [...]
Chuka Umunna says corporate boardrooms need more diversity April 20, 2015 Chuka Umunna would aim for Britain’s boardrooms to have at least 14 per cent BME members if Labour win the General Election, “We have got to go further and look at not just gender diversity but ethnic diversity in British business leadership,” the shadow business secretary told the Evening Standard yesterday. Over half of the UK’s [...]
L’Oreal shines with stellar starting sales April 20, 2015 L’OREAL, the beauty brand advertised by Cheryl Fernandez-Versini, said the market for mass beauty products in Europe had slowed in the early part of the year but was still growing in North America as it posted a 14.1 per cent rise in first-quarter sales.
Everyman in £20m cinema buyout splurge with London screens in Gerrards Cross, Esher, Muswell Hill and Barnet April 20, 2015 Everyman Media Group raised £20m in a share placing yesterday, announcing it had successfully tapped up investors for funds to buy more cinemas. The group, which is listed on the Alternative Investment Market (Aim), is buying four cinemas across London, with a total of 14 screens. As a result, the group will increase the [...]
Full-time job hires pick up in the City as skills shortage persists April 20, 2015 City firms are significantly more likely to hire full-time, permanent employees than they were a year ago, according to a new report out today. There were 32 per cent more permanent roles available in the Square Mile in the first quarter of this year than there were in the first quarter of 2014, according to [...]
Eurozone sees construction shrink in Feb April 20, 2015 CONSTRUCTION in the Eurozone fell sharply in February, figures showed yesterday, prompting fears that the slight economic recovery on the continent was not yet flowing through to investment in new projects. The EU’s statistics agency Eurostate said yesterday that construction fell 1.8 per cent from January and 3.7 per cent for the February figure last [...]
UBS: Sterling to be hit by General Election chaos April 20, 2015 No party is set to win a majority at the General Election next month, and analysts at investment bank UBS predict a minority government is the most likely outcome. Such an administration is considered less stable than a majority or coalition government, and so the analysts expect sterling to take a hit after the vote. [...]
