Thai win ends Dodt drought February 15, 2015 AUSTRALIAN Andrew Dodt landed his first European Tour title since 2010 yesterday at the Thailand Classic – two years after losing his card and being forced to reinvent his game. Dodt’s bogey-free 67 left him on 16 under par, denying home favourite Thongchai Jaidee by one stroke and completing a fairytale return to form for [...]
Bank of England’s Mark Carney: Interest rate cut is possible as UK heads toward deflation February 12, 2015 Bank of England governor Mark Carney revealed yesterday that interest rates could drop even further below their historic low of 0.5 per cent, as the collapse in global oil prices drags Britain towards deflation. In a mandatory letter to chancellor George Osborne, Carney said that if “global activity continues to disappoint, or if low inflation [...]
Zoopla survives leak to new rival February 12, 2015 THE LAUNCH of a rival property portal has stopped a smaller-than-expected number of estate agents from listing with Zoopla. In a trading update yesterday Zoopla chief executive Alex Chesterman said that around 2,000 agents (11 per cent of Zoopla’s total) had left to join OnTheMarket. “We believe that Agents’ Mutual [owners of OnTheMarket] remains a [...]
Economists warn Greek banks running out of cash February 12, 2015 Greek banks were granted an additional €5bn (£3.7bn) worth of emergency lending yesterday to cope with deposits fleeing the system. Money began leaving the banking system when snap elections were called in December, and the outward flows appear to show no sign of letting up. “It seems that deposit outflows continue, and have been higher [...]
Too much discipline, knot enough romance – Editor’s Letter February 12, 2015 Perhaps, whatever Ed Miliband says, Britain likes the idea of being dominated by a successful businessman with a dark side. With the film adaptation of Fifty Shades of Grey in cinemas from tonight, DIY stores are stocking up on rope and cable ties, anticipating a surge of curious customers inspired by the big screen action. [...]
Treasury group warns new Google tax could jeopardise efforts to deal with tax avoidance February 12, 2015 The Treasury Committee has slammed the proposed diverted profits tax and warned that it could derail international efforts to address tax avoidance. In its report on the 2014 Autumn Statement, the committee said an international response to the issue is currently taking place in the form of the OECD’s base erosion and profit shifting project, [...]
Rocket Internet shoots straight back to market February 12, 2015 RECENTLY floated e-commerce firm Rocket Internet is planning to raise capital by issuing new stock representing 7.8 per cent of its outstanding share base. Rocket said yesterday that it will issue up to 12m new shares which will then begin trading on 17 February. The new shares will be offered exclusively to institutional investors in [...]
AO World only worth half says city analyst February 12, 2015 SHARES in John Roberts’ AO World tumbled five per cent to 307.7p yesterday after a City analyst warned that the online electricals giant’s stock was worth 152p – half of its market price before last night’s close. Panmure Gordon’s Mike Stewart said the company was overvalued and urged investors “to capitalise on the unjustified level” [...]
HSBC bosses Douglas Flint and Lin Homer to face parliament over Swiss tax evasion unit February 12, 2015 HSBC’s chairman will face MPs this month to explain what the bank has done to stop its Swiss unit helping customers to evade taxes. Douglas Flint has been summoned by the Treasury Select Committee, along with HMRC boss Lin Homer. The bank and the taxman have faced a storm of criticism this week on [...]
SuperGroup stuns investors with operations chief’s swift extraction February 12, 2015 THE OWNER of the Superdry clothing brand SuperGroup was hit during early trading yesterday after its operations chief Susanne Given’s shock departure from the firm. SuperGroup said her role would be “absorbed by the executive team”, with the heads of UK retail, IT and logistics reporting directly to CEO Euan Sutherland. In October Superdry founder [...]
