Nick Clegg hits out at Conservatives’ cap on net immigration to UK August 4, 2014 Deputy prime minister Nick Clegg will today slam David Cameron’s target to reduce net migration to the tens of thousands by 2015, claiming it has drawn attention away from the challenge of fixing Britain’s border controls. In a speech this morning, Clegg will boast that he was right to argue against the cap on net [...]
Premiums down but profit up at Esure, as Sheila’s Wheels roll on August 4, 2014 Insurer Esure, which runs the insurance firm for women Sheila’s Wheels, announced increased pretax profits for the first half of 2014, despite a fall in premiums written. Pre-tax profit grew 0.4 per cent to £57.1m the group announced, despite falling premiums which were down 1.9 per cent to £260.4m over the period. Speaking about the [...]
Wandsworth council has most staff earning over £100k even as public sector executive pay falls August 4, 2014 Executive pay in the public sector continued to fall last year, with councils paying their top staff five per cent less than the year before. According to new research from the Taxpayers’ Alliance (TPA), 2,181 local government employees were paid over £100,000 last year compared to 2,295 the year before. In London, the [...]
City MP Mark Field backs Prime Minister for second term August 3, 2014 City MP Mark Field has backed the Prime Minister for a second term in Number 10, following reports that supporters of George Osborne and Mayor Boris Johnson would like to see David Cameron step down in 2018. Field told City A.M. that it would be “highly unlikely” the Prime Minister would leave Number 10 in [...]
Balfour Beatty calls off takeover talks but Carillion could go hostile July 31, 2014 Takeover talks between British construction company Balfour Beatty and infrastructure giant Carillion ended abruptly yesterday, just days after the £3bn bid began. Balfour backed out of the deal after Carillion demanded the company call a halt to the sale of Parsons Brinckerhoff (PB), a US engineering and design business it bought in 2009. The proposed [...]
City bidding for driverless cars as £10m plan gets under way July 30, 2014 Driverless cars could be weaving their way through the City’s streets in just six months, the government revealed yesterday. In an announcement that came as a surprise to one of the biggest car manufacturers in the UK, ministers unveiled a £10m plan to allow three cities the chance to test-run cars that drive themselves. Bids [...]
Twitter share price soars as company reveals 24pc rise in monthly users July 29, 2014 Shares in Twitter rose a whopping 35 per cent in after-hours trading late last night, after the company announced its second quarter results in America. The social media giant, whose shares have been struggling in recent months, revealed a 24 per cent increase in monthly users, but a widening loss of $145m (£86m) during the three [...]
America and Europe unite with plan to punish Russia July 29, 2014 GOVERNMENTS across Europe have joined forces with America in a bid to bring Russia’s President Putin to his knees in the wake of continued anger over the downing of flight MH17 in Ukraine. Yesterday, the EU announced tough new sanctions designed to cripple Russia’s already struggling economy by putting the squeeze on financial operations and [...]
US and EU sanctions on Russia: It’s not another cold war says Obama, yet Putin won’t thaw July 29, 2014 The US and Europe have joined forces to tighten the screws on Russia’s President Putin, as the spectre of downed Malaysia airlines flight MH17 continues to tug at the consciences of western leaders. As ambassadors in Brussels yesterday finally agreed a package of new sanctions designed to bring the Russian economy to its knees, Prime [...]
Chairmen back EU reform plan July 28, 2014 SUPPORT for renegotiation of the UK’s relationship with Europe is strong among chairmen of FTSE100 companies, with 81 per cent backing the idea, according to a new survey. Research conducted by Korn Ferry sampled one-third of FTSE100 chairmen and found the strongest support was for renegotiation and not a complete withdrawal, which just four per [...]
