Draghi’s rein at ECB marks the start of new era October 30, 2011 YOU may have missed it if you were busy stressing over Greece and the European debt crisis. So let me just flesh it out. The month of October has been unbelievably bullish for stocks regardless of the mess that Europe still finds itself in and the recession worries everyone keeps talking about. In the US, [...]
Cablecom eyes Swiss deal October 30, 2011 The head of internet, telephone and TV provider Cablecom, Eric Tveter, said he was “looking at all options” when asked about whether his firm might buy mobile phone provider Orange Switzerland, a unit of France Telecom SA, the SonntagsZeitung newspaper reported yesterday. France Telecom wants to sell its Swiss and Austrian operations.
Sony mulls a sale to Samsung October 30, 2011 Sony, struggling with a loss-making television business, is considering dissolving its LCD joint venture with South Korea’s Samsung Electronics in a bid to cut costs, sources familiar with the matter said. The Nikkei business daily said the company was aiming to reach an agreement by the end of the year to sell its nearly 50 [...]
Pickles: I want to scrap second home tax breaks October 30, 2011 COMMUNITIES secretary Eric Pickles is expected to this morning outline plans to cut council tax bills by closing a loophole that allows second-home owners to avoid up to 50 per cent of their bills on empty properties. Pickles hopes to knock around £20 from the average bill by clamping down on uninhabited homes, which are [...]
Olympic Media Buzz LONDON 2012 PARTNERS October 30, 2011 IN ASSOCIATION with www.Repskan.com, the media monitoring and analytics platform, City A.M. is measuring the relative Olympic media buzz around the partners for the London 2012 Olympic and Paralympic Games, week by week. The leaderboard, right, reflects their ranking on media mentions over the past week, in this case from Wednesday 19 October- Wednesday 26 [...]
UK plans armed ships to deter Somali pirates October 30, 2011 BRITISH merchant ships sailing off the coast of Somalia will soon be able to carry armed guards to ward off pirate attacks, Prime Minister David Cameron said yesterday. Britain is one of only a few countries with major shipping fleets to currently ban armed guards on its vessels, but owners of ships from other countries [...]
House prices now falling twice as fast October 30, 2011 THE DECLINE in house prices doubled its speed in October as economic turbulence scared prospective buyers and hit demand, a leading survey claimed this morning. Average house prices were down 0.2 per cent in England and Wales this month, compared to declines of 0.1 per cent in each of the previous five months, the report [...]
Retailers’ letter to Osborne hits out at planned tax hikes October 30, 2011 THE GOVERNMENT should back off and give retailers more space to aid the economic recovery, according to a letter sent to chancellor George Osborne this morning. The British Retail Consortium (BRC) is calling for slower hikes to the minimum wage and business tax rates, as well as genuine cuts to red tape and freer trade [...]
CBI: slash national insurance for companies hiring young jobless October 30, 2011 CUTTING national insurance contributions for companies employing young workers and strengthening links between schools and businesses will cut youth unemployment, the Confederation of British industry (CBI) claimed today. Giving companies a “young Britain credit” worth £1500 to take on unemployed staff aged between 16 and 24 will cover the first year of national insurance for [...]
WPP: Chinese revenues will overtake UK October 30, 2011 WPP, the world’s largest advertising company, sees China overtaking the UK as its second biggest market in two to four years. Chief executive Martin Sorrell has embarked on a blistering acquisition drive in emerging markets, with a string of investments in China. His firm’s revenue in the booming market is about $1.1bn (£680m), making it [...]
