OUT OF OFFICE June 29, 2011 OPEN AIR THEATRE, REGENT’S PARK With any luck the rain is behind us now, and the warm weather here to stay – perfect conditions for a spot of al fresco theatre. The current production is John Gay’s famous tale of highwaymen, hangmen and the mean streets of old London, the Beggar’s Opera. Expect a typically [...]
Michael Gove backs our maths campaign June 28, 2011 Michael Gove, the education secretary, will today throw his weight behind our campaign to improve financial literacy by boosting the number of students who study further maths at A-Level. In a speech at the Royal Society on the importance of maths in the curriculum, Gove will back our call for City workers and firms to [...]
Lagarde confirmed as first female boss of IMF June 28, 2011 FRENCH finance minister Christine Lagarde was confirmed as the new head of the International Monetary Fund (IMF) last night, the first woman to be appointed to the role. Lagarde’s success was effectively sealed earlier in the day when US Treasury secretary Timothy Geithner added the American government’s support to her candidacy. Geithner praised Lagarde’s “exceptional [...]
The man with a passion for promoting maths June 28, 2011 IT might not be the most fashionable cause in the world, but Mathematics in Education and Industry (MEI) is a charity with a proven track record. When Charlie Stripp, its chief executive, quit his teaching job in 2000 to join the charity, the death-knell had already been sounded for A-Level further maths. In 2003 just 5039 English [...]
Businesses must back our campaign June 28, 2011 BRITAIN faces a huge challenge. Innumeracy and financial illiteracy are rife in this country, in an appalling indictment of years of failed educational policies. Tragically, millions of people are unable to grasp fully even the most basic of financial products, such as mortgages or savings accounts. In an era when self-reliance and financial independence are [...]
WHAT THE OTHER PAPERS SAY THIS MORNING June 28, 2011 FINANCIAL TIMES DIRECTORS’ PAY AND PENSIONS UNDER SCRUTINY FTSE 100 directors have amassed final salary pension pots averaging £2.8m, according to research, while trade union bosses came under fire for their pay packages before Thursday’s strike by up to 750,000 teachers and civil servants on pension reform. A survey of 137 directors by Incomes Data [...]
BoI backs down on bonds June 28, 2011 Bank of Ireland (BoI) ended a heavily discounted debt-for-equity offer on a junior bond yesterday, blaming administrative difficulties. The bond, originally sold by the Bristol & West Building Society and taken over by BoI in 1997, has a face value of £75m, representing just over three per cent of the junior bondholders the bank is [...]
BofA nears $8.5bn mortgage deal June 28, 2011 Bank of America is close to a deal to pay $8.5bn (£5.3bn) to settle claims from a group of investors that lost money on mortgage-backed securities, a source familiar with the process said yesterday. The settlement would be the largest such sum in the banking industry to date. The largest US bank by assets has [...]
Murray follows Rory’s recipe June 28, 2011 BRITISH No1 Andy Murray will look to take inspiration from Rory McIlroy’s recent US Open victory as he continues his Wimbledon campaign against Spain’s Feliciano Lopez this afternoon. McIlroy (right), golf’s hottest property after he dismantled a world class field at Congressional earlier this month, secured his first Major having blown a sizable lead at [...]
Chelsea enter five-way fight for Neymar June 28, 2011 CHELSEA are among a quintet of European heavyweights to have entered the race for Brazilian sensation Neymar. The 19-year-old Santos forward’s £40m release clause is believed to have has been met by Chelsea’s Premier League rivals Manchester City, Spanish giants Real Madrid and ambitious oil rich Russian side Anzhi Makhachkala. Neymar inspired Santos to victory [...]
