Miliband raps currency plans August 8, 2014 LABOUR leader Ed Miliband is set to rub salt into Alex Salmond’s wounds today, telling an audience in Glasgow that the Scottish National party leader is letting his country down by failing to say what an independent Scotland would do without the pound. “If you care about social justice… you can’t leave the economics to [...]
Aviva weathers pensions storm as bulk annuity sales rocket up August 8, 2014 Aviva was one of the top risers on the FTSE 100 yesterday, following publication of its half-year results. Its shares rose almost three per cent after reporting that operating profit for the half-year period was up four per cent to £1.05bn. The strong results prove Aviva is weathering the storm created by chancellor George Osborne [...]
Stephen Hester: Cleaning RSA is a work in progress August 8, 2014 The boss of RSA, Stephen Hester, has called the insurer a “complicated, noisy, work in progress”, warning the cost of turning around the group will be higher than first anticipated. Speaking as RSA announced its half-year results yesterday, Hester also said he would like to cut costs further than the £180m already promised by [...]
Boris Johnson to be parachuted into parliament despite quotes denying he would stand August 6, 2014 London Mayor Boris Johnson has finally confirmed that he will stand for parliament at the general election next May. Johnson has pledged to see out his second term as Mayor, meaning he could take on both roles at the same time, something he had previously ruled out. A senior Conservative source last night confirmed [...]
UK should consider leaving the EU warns Legal & General boss August 6, 2014 THE BOSS of insurance group Legal & General has warned that Europe is too big to be effective and the UK should seek a complete renegotiation or consider leaving the bloc entirely. Announcing the insurer’s half-year results yesterday, chief executive Nigel Wilson said: “Everyone agrees in different political ways that if we get a good [...]
Vote no in Scottish independence referendum for more tax and legal power, says Westminster August 5, 2014 Scotland could get greater control over its tax and legal systems if it votes No in the independence referendum next moth, Westminster politicians have promised. The leaders of Labour, the Liberal Democrats and the Conservatives in Westminster agreed to hand over more powers to Scotland if the nation votes against independence on 18 September. [...]
Standard Life concerns over referendum August 5, 2014 EDINBURGH-based insurer Standard Life has warned that concerns it raised months ago about the impact of Scottish independence on its business have still not been addressed. Announcing the group’s half-year results yesterday, chief executive David Nish highlighted a number of issues, including currency, EU membership and taxation, that remained unresolved. “We do not believe that [...]
Clegg calls for Israel arms exports ban as Warsi resigns August 5, 2014 DEPUTY Prime Minister Nick Clegg has called on the government to ban all arms exports to Israel amid concern that a 72-hour ceasefire agreed by Hamas and the Israeli government yesterday could break down at any time. Clegg was joined in his call to stop all UK exports of military equipment and arms to Israel [...]
Russia moves to retaliate over sanctions by cancelling flights August 5, 2014 RUSSIA is preparing plans to retaliate against the EU after the 28 nations and America imposed heavy sanctions on the country in the wake of the downing of Malaysian Airline MH17 last month. Russian Prime Minister Dmitry Medvedev threatened to take action against the EU yesterday, after the sanctions caused low-cost airline Dobrolyot to ground [...]
Cameron gets tough on Israel with export review August 4, 2014 Prime Minister David Cameron has toughened his stance on Israel in the wake of a number of attacks that hit UN-run schools in Gaza. Israel accuses Hamas of placing Palestinians in harm’s way. The UN relief and works agency has twice found rockets hidden in its Gaza schools. Yet criticism of Israel’s tactics has heightened [...]
