CANADA’S STRONG ECONOMY OPENS ITSELF UP TO FOREIGN INVESTMENT February 15, 2011 HEAD OF PRODUCT, BARCLAYS STOCKBROKERS Last week, the London Stock Exchange struck a deal with TMX Group, the operator of the Toronto Stock Exchange. The deal looks likely to reduce costs for users, offer greater levels of liquidity and provide broader access to mining and natural resources stocks. For investors, this is particularly attractive at [...]
The intelligent C4 February 15, 2011 ACCORDING to Citroën, cars can be stationary for as much as 30 per cent of the journey time during commuting – unless you’re on the M25, of course. This is why stop/start technology is a major feature on the carmaker’s new eco version of its C4 model – it stops the engine in traffic and [...]
CAR TALK February 15, 2011 Autobiography Ultimate Edition The most luxurious Range Rover ever is to debut at the Geneva Motor Show next month. The Autobiography Ultimate Edition has an interior hand-finished in Kalahari wood, leather and aluminium, a yacht-inspired teak load floor and a cabin which includes a rear console with a machined aluminium laptop table, drinks chiller, and [...]
Red tape to cost firms extra £23bn February 15, 2011 A NEW swathe of employment laws will cost UK companies £23bn over the next four years, according to the government’s own figures, casting doubt on David Cameron’s pledge to foster private sector growth by cutting red tape. Employment rules brought in by the UK and the EU will cost firms a total of £22.87bn between [...]
West Ham value rockets following stadium boost February 15, 2011 WEST HAM’S value has doubled following its successful bid to move into the Olympic Stadium after the London 2012 Games, according to analysts, and could earn owners David Gold and David Sullivan a joint profit of £120m. The Premier League club was worth just £100m a year ago but its success in securing the 60,000-seater [...]
Eurozone OKs bailout fund February 15, 2011 EUROZONE countries have agreed in principle to put aside €500bn (£421m) to set up a permanent bail-out fund, finance ministers said yesterday. The bloc had long planned to replace its current €440bn stability fund with a long-term facility, which expires in 2013, in a bid to settle the ongoing sovereign debt worries throughout the Eurozone. [...]
Why firms need to be freed to spend February 15, 2011 DESPITE repeated promises from the coalition that it would tackle the burden of red tape, a raft of new employment rules are set to come into force over the next few years. As we report on page 1, these will cost UK firms billions of pounds in extra recurring costs, even on the government’s own [...]
Bahrain and Iran protest February 15, 2011 OIL PRICES shot up again yesterday after a “day of rage” led by anti-government protesters in Bahrain and Iran kept the global markets focused on Middle Eastern unrest. Just days after Egyptian president Hosni Mubarak’s resignation calmed oil traders, Brent crude rose more than two per cent yesterday to top $104 (£64.86) a barrel for [...]
WHAT THE OTHER PAPERS SAY THIS MORNING February 15, 2011 FINANCIAL TIMES BARCLAYS FORCED TO ADAPT COCOS BONUS PLAN Barclays has been forced to adapt its plans to pay bonuses for staff with a new financial instrument that has been hailed by regulators as a key tool for rebuilding the capital strength of banks. Bob Diamond, the UK bank’s new chief executive, had hoped to [...]
Auto Windscreens collapses February 15, 2011 Car window repair firm Auto Windscreens collapsed into administration yesterday after admitting it had run out of cash, putting 1,100 jobs at risk. Administrator Deloitte said it sent employees home yesterday while it holds urgent discussions with creditors over the future of the firm. Deloitte said a major customer had cancelled its contract with Auto [...]
