Tech sector divided over Google battle as EU launches antitrust probe April 15, 2015 Google faced the most serious regulatory threat in its history yesterday after EU officials launched a probe into its market dominance, sparking division among UK tech players about the benefits of the move. EU competition bosses confirmed they would investigate the US giant over its dominance and whether it abused it to rig Google shopping [...]
Protester glitterbombs Euro Central Bank chief April 15, 2015 Mario Draghi’s latest monetary policy press conference was dramatically interrupted yesterday when a young woman jumped on his desk and showered the European Central Bank boss with glitter. The protester is believed to be Josephine Witt, a member of a radical feminist group.
Retailers push ftse to new high April 15, 2015 London’s index of blue-chip stocks climbed to a fresh record peak yesterday, held up by retailer such as Next, Dixons Carphone and Sports Direct. The FTSE 100 reached 7,111.72 during the day, before closing at 7,096.78.
Clash at top of Labour on permanence of 50p rate April 15, 2015 SHADOW business secretary Chuka Umunna said yesterday that a future Labour government could drop the 50 per cent level of tax, distancing himself from leader Ed Miliband’s perceived commitment to the top rate. Labour said this week that it would lift the top rate of tax back to 50p for those earning over £150,000, in [...]
General Election 2015: McCarthy & Stone CEO Clive Fenton wants a retirement housing plan April 15, 2015 ELECTION COUNTDOWN: 21 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. CLIVE FENTON: CEO, MCCARTHY & STONE Every political party claims the chronic housing shortage is critical in the UK, [...]
General Election 2015: Icap boss Michael Spencer could leave the UK if Ed Miliband wins April 15, 2015 High-profile City veteran Michael Spencer threatened to leave the country if Labour wins the General Election, warning that Ed Miliband could be very hostile to businesses. Former Conservative party treasurer Spencer runs inter-dealer brokerage Icap, and said that if business conditions are hit too hard by a Miliband government, he can imagine the board asking [...]
Life is short. Have an affair: Infidelity site AshleyMadison.com in attempt to woo London bankers April 15, 2015 A controversial dating website which helps married people cheat on their spouses has unveiled plans to list in London due to the capital’s “laissez-faire” attitude to extra-marital affairs. Canada-based AshleyMadison.com – which has the slogan “Life is short. Have an affair” – said it wants to raise $200m (£135m) through a listing later this year [...]
Greek debt gets downgraded as Yanis Varoufakis heads to Washington April 15, 2015 Greece’s debt was downgraded further into junk territory yesterday while Germany’s finance minister cast doubt on hopes that a deal on more funding for the country could be struck next week. Ratings agency Standard and Poor’s downgraded the country’s debt further into junk to CCC+/C from B-/B. “Without deep economic reform or further relief, we [...]
Bank of America cuts costs to get back in the black April 15, 2015 Bank of America swung back to profit in the first quarter of the year as diving costs offset a small fall in revenues to improve the giant lender’s fortunes. Profits came in at $2.98bn (£2bn) for the quarter, compared with a loss of $514m in the same period of 2014. Revenues slid six per cent [...]
Abu Dhabi Investment pockets €750m for Deutsche Annington April 15, 2015 THE ABU Dhabi Investment Authority last night sold off its remaining 14 per cent stake, or 23.5m shares, in Deutsche Annington for close to €750m. Bank of America Merrill Lynch (BAML) was the sole bookrunner for the Abu Dhabi Investment Authority on the deal. The price range for Deutsche Annington of between €30.80 and €31.79, [...]
