ITEM says UK economic policy must be shaken up to beat dip January 20, 2013 THE GOVERNMENT must shake up both fiscal and monetary policy to finally deliver the impetus for robust growth, a widely-regarded economic consultancy demanded this morning. Budgets must be tilted further towards infrastructure and investment spending, ITEM said, with more than just the £5bn announced in the Autumn Statement. And the Bank of England should throw [...]
Global business heads expect growth turnaround during 2013 January 20, 2013 BUSINESS leaders are looking to 2013 with optimism, after a gloomy 2012 that threatened worldwide slowdown or slump, data revealed this morning. Seventy-seven per cent of executives surveyed by FTI consulting were hopeful for “significant economic growth” during this year – a drastic improvement on the 45 per cent who expressed similar hopes in January [...]
The man with a will to make online music pay January 20, 2013 RIO Caraeff has chosen quite a week to visit the UK. As his New York-based music video company, Vevo, is embroiled in negotiations with Google over a potential investment that is rumoured to value it at $500m (£315m), Britain’s most prominent high street music retailer, HMV, is entering administration. Vevo, founded by record labels Universal [...]
eBay set to stop selling second hand tickets to drive StubHub January 20, 2013 AUCTION website eBay is set to ditch its ticket-reselling service in the UK in a bid to encourage customers to use StubHub, the struggling second-hand ticket exchange it owns. The company bought StubHub for $310m (£195m) in January 2007 and has seen the US business succeed. However, since StubHub.co.uk’s launch in March last year, the [...]
Apple’s record results to be hit by profit fears January 20, 2013 APPLE is expected to report record quarterly sales this week, with the iPhone and iPad proving more popular than ever. However, profits have taken a hit, with the company’s margins expected to be lower on the recently-released iPhone 5 and iPad mini than on previous models. The two devices were released separately towards the beginning [...]
Lobby groups threaten revolt over pay at Imperial Tobacco January 20, 2013 CALLS are growing for shareholders to vote down a generous new pay structure at FTSE 100 giant Imperial Tobacco when investors gather at the firm’s annual meeting at the end of the month. Proxy voting agencies Pirc and Manifest, along with insurers’ trade body the Association of British Insurance, are understood to be threatening a [...]
White in the running to be SEC chairman January 20, 2013 MARY Jo White, the former US attorney for the Southern District of New York, is being considered as a candidate to head up the US Securities and Exchange Commission (SEC), a source familiar with the matter has confirmed to Reuters. If she were selected, White would become the third-ever female chairman of the SEC and [...]
Stansted’s new owners look for traffic growth January 20, 2013 STANSTED’S new owners are aiming to finalise their purchase by the end of February, before trying to reverse the London airport’s falling passenger numbers. Manchester Airports Group and Australia-based Industry Funds Management have pledged that it will be “business as usual” at Stansted while the pair’s £1.5bn acquisition is completed. The firms have said the [...]
UK leads pack in New Year dealmaking January 20, 2013 THE UK private equity industry has helped lead a flurry of European dealmaking activity in the first two weeks of the year, with close to 85 per cent of deals inked involving UK outfits, data shows. Of the £1.73bn worth of top deals inked across Europe between 2 January and 16 January, £1.46bn have involved [...]
Airport owners can’t control the weather… or airlines January 20, 2013 IT WAS a terrible week to announce the sale of an airport. Snow has sent air travel into meltdown, in spite of airports’ best efforts to stock up on pricey new ploughs and grit, while safety fears over Boeing’s new Dreamliner planes are playing havoc with the industry’s public image. For Stansted, however, any buyer [...]
