Royal Mail will receive cash boost June 22, 2010 George Osborne yesterday announced the government will seek a cash injection for the Royal Mail Group. The chancellor said he would press ahead with “long overdue” plans to attract private investment in the flagging institution. However, the announcement fell short of some predictions that the national postal service would be floated on the London Stock [...]
IPT hike branded a tax on the prudent June 22, 2010 THE higher rate of insurance premium tax (IPT) — which applies to travel insurance and extended warranties — is set to rise to 20 per cent from 17.5 per cent. In addition to this, the standard rate — which applies to most general insurance — will rise to six per cent from five per cent. [...]
Dowson and Barritt get Tour chance June 22, 2010 ENGLAND manager Martin Johnson has handed Phil Dowson and Brad Barritt their first international starts in today’s clash with New Zealand Maori. Both Northampton No8 Dowson and Saracens centre Barritt were late arrivals to the tour Down Under, having been promoted from the Churchill Cup-winning Saxons. But they are set to get their chance in [...]
Austerity won’t lead to a double-dip June 22, 2010 RESEARCH DIRECTOR, FOREX.COM JANE FOLEY The pivotal question in the run-up to yesterday’s emergency Budget was whether it would knock the economy into a double-dip recession. This debate had been raging for months – indeed, the Labour Party campaigned hard on the assertion that too much austerity too soon could tip the economy back into [...]
FOOTBALL TRADER BEN CLEMINSON TAKES A LOOK AT TODAY’S FINAL ROUND OF MATCHES IN GROUP C June 22, 2010 ENGLAND’S goalless draw against Algeria was dismal enough, but it was the manner of the performance which was most disturbing and the squad will really have to pull together if they are to gain the win against Slovenia that is so desperately needed. The Slovenians have made a fairly decent start to the tournament, but [...]
US stocks dragged down by poor housing figures June 22, 2010 US stocks fell more than one per cent in yet another late-day selloff yesterday as unexpectedly poor housing figures and the puncture of a key technical level sapped buying interest. Stocks marked time in a thinly traded session until the S&P 500 fell through its 200-day moving average, which had been a basis of support [...]
Budget brings down bank shares but delay in VAT rise gives retailers a boost June 22, 2010 WEAKER commodity stocks pulled Britain’s top share index lower yesterday, while retailers got a lift from the first emergency Budget from Britain’s new coalition government after an expected valued added tax rise was delayed. At the close, the FTSE was down 52.1 points, or 1.0 per cent, at 5,246.98, having hit its highest closing level [...]
WORLD CUP NEWS | IN BRIEF June 22, 2010 FIFA AWAIT REPORT ON VILLA FIFA say they are awaiting a referee’s report from Spain’s win over Honduras on Monday night before deciding whether or not to take any action against Spanish striker David Villa. Villa netted twice in a 2-0 win but also struck Honduran defender Emilio Izaguirre in the face as they waited [...]
Climate change funds efficient source of profit June 22, 2010 AS THE western world enters the age of austerity, finding sectors with strong growth potential will be the challenge for investors. Climate change is one area that has astounding prospects. The International Energy Agency (IEA) estimates that between $1 trillion and $2 trillion a year will need to be invested over the medium to long [...]
Survival in the Far East June 22, 2010 JAPAN has defied the most ardent optimists for the past 20 years. From a peak of 38,000 at the height of the country’s asset price boom in 1990, the Nikkei 225 index has plotted an almost unbroken downwards course. Gross domestic product (GDP) has trodden water at the nominal level of ¥500tr (£3.7tr) for a [...]
