Is Sir Martin Sorrell right that corporation tax payments are a “question of judgement”? January 2, 2013 YES Steve Barclay As the public becomes increasingly aware of how much tax companies are paying, chief executives should be asking: “What impact will our tax affairs have on our brand?” Sir Martin Sorrell is right to acknowledge that Starbucks’s decision to pay £20m extra in corporation tax was motivated by the idea that “doing [...]
Rapid responses January 2, 2013 Groundhog year [Re: 2013 will prove the power of global events to shape our economic lives, yesterday] Mark Malloch Brown’s concerns about the Asia Pacific in 2013 are essential reading. As he correctly points out, problems in the Eurozone and the continuation of political impasse in the US have been priced into the markets. But [...]
Trained by Gandy January 2, 2013 ALONG WITH the smart phone revolution came the birth of the app. Nowadays we use them for everything from gaming and banking to music and editing photos but now, especially with the New Year in full swing, it’s all about fitness apps and UK model David Gandy is getting in on the action. Following the [...]
Start the new year in style January 2, 2013 It’s JANUARY; the time of year where we all make New Years resolutions that we won’t stick to and convince ourselves that this will be the year that we finally get rid of those extra pounds that we’ve been ignoring for longer than we’d care to admit. But January isn’t just a time for examining [...]
FTSE 100 punches through 6,000 mark January 2, 2013 The FTSE 100 smashed through the 6,000 barrier in trading today, as investors were heartened by the US fiscal cliff deal. The UK’s leading share index closed up 2.2 per cent today at 6,027, driven primarily by large rises in mining and financial shares, and mirroring sharp gains on global markets. US Congress backed the [...]
FTSE 100 rallies on US fiscal cliff deal January 2, 2013 Investors welcomed in the first trading day of the new year with a sharply higher blue chip index this morning, as the FTSE 100 rose around 90 points in early trading as US policymakers approved a deal to prevent the so-called fiscal cliff. Miners led the rally, with Eurasian Natural Resources, Rio Tinto, Anglo American [...]
US Congress backs fiscal cliff deal January 2, 2013 US Congress backed the fiscal cliff deal late last night – ending days of drama just before financial markets opened for the new year – handing a victory to President Obama. Following a tense few days, the House of Representatives last night passed the bill by 257 votes to 167, preventing huge tax hikes and [...]
UK manufacturing hits 15-month high in December January 2, 2013 UK manufacturing activity rose to a 15-month high in December, a survey showed this morning. The Markit/CIPS Manufacturing Purchasing Managers’ Index edged up to 51.4 in December, up from 49.2 in November. A reading above 50 indicates growth. Manufacturing makes up just 10 per cent of British output, so construction and services PMIs due later [...]
Babcock snaps up LGE Process for £23m January 2, 2013 Engineer Babcock has acquired a liquid gas services company from the Weir Group for £23m, it said this morning. LGE Process, which designs and builds plants for processing, storage and handling of liquid gases, will be combined with Babcock’s design services business unit. In the year to December LGE posted gross revenue of £26.3m, Babcock [...]
BP kicks off production at Skarv field January 2, 2013 Oil major BP this morning said it had started production at the Skarv field in the Norwegian Sea. Skarv, which is offshore the west coast of Norway, has an estimated recovery of around 100m barrels of oil and more than 1.5 trillion cubic feet of gas. The field, which will ramp up output in the [...]
