Clegg plays down migrant plans May 27, 2012 DEPUTY Prime Minister Nick Clegg has brushed off claims that the UK plans to “pull up the drawbridge” for immigrants if the Eurozone’s financial crisis worsens. Clegg told the BBC’s Andrew Marr yesterday that “breathless talk” of a wave of migrants from the bloc in the event of a Greek exit or break-up is “apocalyptic” [...]
Branson rejects media-created row over deficit May 27, 2012 SIR RICHARD Branson last night hit out at claims that he no longer backed the government’s deficit reduction plan, arguing The Observer had selectively quoted him yesterday, misrepresenting his policy stance. Virgin Group founder Sir Richard backed George Osborne’s economic policies in 2010 and, contrary to reports, says he has not withdrawn that support but [...]
Hunt and Blair to face a grilling from Leveson inquiry this week May 27, 2012 GOVERNMENT ministers will appear before Lord Justice Leveson this week, as his inquiry into media ethics probes the coalition’s relationship with the Murdoch stable. Jeremy Hunt, whose close ties with high-level staff at News Corp have landed him in hot water, is set to answer questions about his behaviour and that of his employees on [...]
Cable considers a coalition split before the next general election May 27, 2012 THE COALITION could well be dismantled in advance of the next general election to allow the Liberal Democrats and the Conservatives to compete against each other, business secretary Vince Cable said yesterday. While he said there has not yet been “a great deal of thought” into the last days of the coalition, he said there [...]
Thousands take part in the 28-degree Bupa London run May 27, 2012 AFTER two months of incessant rain, wind and unseasonable cold temperatures, more than 10,500 runners sweated it out yesterday in 28-degrees heat in the Bupa London 10,000 metres. “After training in rainy April, this was quite a shock,” Nick Fox, Sir Richard Branson’s head of communications told The Capitalist. “I like running these races, it [...]
JP Morgan to replace prime brokerage boss May 27, 2012 JPMORGAN Chase & Co is replacing its global prime brokerage chief Lou Lebedin just two months after he took over the job alone. He is to be replaced by London-based Teresa Heitsenrether, 47, who has been the co-head of JPMorgan’s fixed income brokerage since 2008. Lebedin, a 54-year old former Bear Stearns executive based in [...]
Thousands of job cuts set for Blackberry May 27, 2012 BLACKBERRY maker Research in Motion is this week expected to reveal thousands of job cuts as the firm tries to make up lost ground following a string of changes at the top. The Canadian firm said at its last results that it hoped to stem costs, and reports last night put the expected cuts at [...]
LOVE CONQUERS ALL AT CANNES May 27, 2012 Austrian director Michael Haneke has won the Cannes film festival’s top prize for the second time as “Love” was named winner of the Palme d’Or. Haneke previously won the award in 2009 for The White Ribbon. British director Ken Loach collected the Jury Prize for “The Angels’ Share”. “Love”, or “Amour” focused on an elderly [...]
Firms call for state aid to cut infrastructure risks May 27, 2012 VITAL infrastructure projects could be given the lift they need to get off the ground if the government uses small, targeted amounts of cash to reduce risks at the star of a project, according to a report out today from the Confederation of British Industry. The business group believes private investors such as pension funds [...]
Manufacturers see borrowing levels improve May 27, 2012 ACCESS to credit has improved in the last two months, according to research out today from manufacturers’ organisation EEF. However, borrowing costs are rising despite the government’s efforts. Its National Loan Guarantee Scheme, launched at the end of the first quarter, was supposed to reduce costs but does not yet appear to have had an [...]
