Osborne’s plans for recovery November 30, 2011 THIS week we’re asking our panel members for their response to chancellor George Osborne’s Autum Statement, in which he outlined his plans to cut the government’s deficit and promote UK growth. We want to know whether you think Osborne’s plans are viable – from the £5bn planned for infrastructure investment and tax breaks for individuals [...]
More jobs in US as economy still outperforms EU November 30, 2011 BUSINESS activity shot up in the US in November, according to the Chicago purchasing managers’ index (PMI), while companies created the most jobs in nearly a year according to the ADP national employment report, both out yesterday. The PMI rose to 62.6 this month, up from 58.4 in October. Such a strong jump represents a [...]
Dire markets hit Panmure November 30, 2011 TIM Linacre yesterday announced he would be standing down as chief executive of Panmure Gordon, one of the City’s oldest stockbrokers, following a profits warning. Linacre’s decision follows a period of 18 months during which he has been discussing succession planning with the company’s board and its 44 per cent Qatari shareholder. The broker said [...]
The City veteran who is yearning to return to working with clients November 30, 2011 WHEN Tim Linacre moves aside to make way for a new chief executive, the City will be losing one of its best known characters. Except that he won’t disappear from the Square Mile altogether, according to the plans, for the 53 year-old will be getting back to what he knows best; he will be servicing [...]
Lenders pursuing Battersea owner November 30, 2011 LENDERS to Battersea Power Station could force parts of its owner into administration, after running out of patience over loan repayments. Creditors including Lloyds Banking Group and Ireland’s National Asset Management Agency have applied to send some arms of the Battersea Power Station Shareholder Vehicle (BPSSV) into administration after the group said it could not [...]
Alibaba could bid for Yahoo November 30, 2011 Blackstone, Bain Capital and Chinese tech firm Alibaba are said to be in talks to make a bid for the whole of troubled internet giant Yahoo. The two buyout houses are eager to acquire Yahoo’s core US operations, one source said, adding that the composition of the consortium, which will also involve Japan’s Softbank Corp, [...]
Glitnir’s former chief arrested November 30, 2011 ICELAND’S special prosecutor arrested the former chief executive of Glitnir Bank yesterday and questioned nearly two dozen people related to the collapse of the bank in 2008. Olafur Hauksson said his office had made several arrests — the first for activities related to the failed commercial bank. He told local media that former chief executive [...]
Now Bank of America joins in our appeal November 30, 2011 THERE’S a clear-cut case for using our hard-earned money to give people on the other side of the world the chance to prosper. At least, that’s how Jonathan Moulds (pictured), Europe president at Bank of America Merrill Lynch, sees it. The bank is backing our Christmas appeal after seeing the difference our charity of choice [...]
WEEK TWO: £142,000 RAISED November 30, 2011 OUR Christmas appeal has had a huge boost this week after Bank of America Merrill Lynch came on board and pledged a significant donation to the fund. We are very grateful to the bank and all its staff for its generous support and delighted that they are backing our campaign for Opportunity International. More than [...]
CHIEF EXECUTIVE, OPPORTUNITY INTERNATIONAL UK, EDWARD FOX November 30, 2011 We all know the old adage that “sex sells”, but it’s not something that comes across a charity chief executive’s desk very often. I don’t have to deal with complaints very frequently, either. But here’s one passed on to me from one of our thriving satellite branches in a busy marketplace in southern Malawi. Most [...]
