Syriza wins Greek election: Victorious radicals will need to learn how to compromise – and quickly January 26, 2015 So what’s next for Greece after the Syriza win? This relatively new radical left anti-austerity party managed to get a considerable lead over its closest rival in yesterday’s elections. Its leader, Alexis Tsipras, can claim that the vote gives him the democratic mandate to pursue the policies he promised a population that has been ravaged [...]
BHS sale spells break-up of Philip Green’s empire January 26, 2015 SIR PHILIP Green is looking to sell a chunk of the vast retail empire he has built up over the last 15 years after receiving several takeover approaches for the struggling department store group BHS. Green bought the chain – then known as British Home Stores – for £200m in 2000 from retail conglomerate Storehouse, [...]
OnTheMarket vs Zoopla: Property portals at war as estate agents’ website enters the market January 26, 2015 A war of words broke out last night as the boss of property portal Zoopla labelled OnTheMarket – a new challenger in the property portal space – as “a regressive business model trying to stifle innovation”. The new property sales website, mutually owned by estate agents including Savills and Knight Frank, is being launched this [...]
London needs more migrants, say businesses January 26, 2015 The capital desperately needs more migrants to fuel the burgeoning recovery, the London Chambers of Commerce and Industry (LCCI) argues in its election demands today. All the main political parties are increasingly anti-immigration, but the business group warned hostility to foreigners can only hurt growth. Its demands are relatively modest – reinstating the rules allowing [...]
Exclusive: Fifty suitors bid for remains of FX firm Alpari UK January 26, 2015 More than 50 companies are bidding to buy all or part of failed forex and spreadbetting firm Alpari UK, City A.M. understands – with international units of the wider Alpari group among those who are interested. Alpari’s Japanese and Russian arms are thought to be most involved. Firms including ETX Capital, Oanda, Iron FX and [...]
Burns night boost for haggis and whisky worth billions to UK January 26, 2015 More people than ever before will have enjoyed Scottish products like haggis and whisky as they celebrated Burns night yesterday, and the industry is bringing in billions for the UK economy, Figures released by the Department for Environment, Food, and Rural Affairs reveal that the UK has exported £4.85m worth of haggis to a total [...]
Prime Minister David Cameron makes the ethical case for lower taxes January 26, 2015 Prime Minister David Cameron will today look to distance his party from Labour and the Liberal Democrats setting out an ideological case for tax cuts. Cameron will say he believes in lower taxes “because I trust people more than I do politicians”. He will add: “I think people know how to spend their money better [...]
Alexis Tsipras’s Syriza wins 2015 Greece election: Euro leaders wary of new Greek party January 26, 2015 European leaders last night reacted warily to the election of Greek anti-austerity party Syriza, ahead of Alexis Tsipras’s expected effort to exit bailout agreements. Jens Weidmann, president of the Bundesbank, the German central bank, warned that Greece would remain dependent on outside financial support and that the new Greek government “should not make promises [...]
Greece elections 2015: Syriza leader Alexis Tsipras set for debt stand-off with EU officials January 26, 2015 The new Greek leader Alexis Tsipras is set for a tough set of talks with European officials over Greece’s debt and future bailout arrangements. Tsipras has made no secret of his desire to renegotiate Greece’s debt, which stands at around 170 per cent of GDP. The government is still borrowing to cover the interest on [...]
Transferwise attracts $58m in new funding: Money transfer startup backed by Marc Andreessen and Ben Horowitz January 26, 2015 US tech magnates Marc Andreessen and Ben Horowitz have become the latest high profile names to throw their weight behind London money transfer startup Transferwise after leading a $58m (£38.7m) round of funding. Transferwise was set up three years ago by early employees of Skype with the aim of disrupting the transfer market by cutting [...]
