Republic’s banks face fresh woes November 25, 2010 THE cost of recapitalising Irish banks could be even higher than the €22-27bn estimated. The potential cost of large-scale defaults in residential mortgages, currently not included in the Nama “bad bank” programme, has not been factored into recapitalisation figures by credit analysts. If Nama is forced to accept distressed residential loans for the first time [...]
Trains get go-ahead head November 25, 2010 THE government yesterday confirmed the £6bn Thameslink project and a plan to order hundreds of new train carriages to ease overcrowding on the railways, but said some schemes would face more delays. Ministers also failed to announce the builders of the new rolling stock and deferred a decision about replacing the UK’s ageing Intercity 125 [...]
Banking on new business ideas November 25, 2010 I DON’T want to be a banker, I’m not a banker, never have been, a lot of my job is walking around here…” Anthony Thomson gestures towards the shop floor and his staff and says “…making sure they don’t turn it into a bank.” But sure enough we are in a bank – the Holborn [...]
London’s railway is finally joined up November 25, 2010 IN the mid-nineteenth century the railway was banned from building lines and stations into the City and the West End by a Royal Commission. The effect of that decision is still felt today and – with the exception of the very busy original Thameslink route – we currently have no real cross London rail links [...]
Free up enterprise education November 25, 2010 TEACHERS were blamed for holding children back from becoming entrepreneurs last week during Global Entrepreneurs Week (GEW). Peter Jones, the entrepreneur and founder of Britain’s first National Enterprise Academy (NEA), used the occasion to call on the government to make NEA qualifications available in every school. But this week, the Education Secretary Michael Gove issued [...]
CITY VIEWS: WILL THE GOVERNMENT’S PLANS EASE TRAIN CONGESTION? November 25, 2010 DAVID TOPPING | ACCOUNTAGILITY “I think it might be enough, though I would need to see how the increase would be implemented. I am nervous how the government and rail companies plan to pay for this. The government is not in control of rail companies and rail users are a captive audience.” MATTHEW WRIGHT | [...]
Q&A November 25, 2010 Q. What can I do to get better or cheaper deals on office equipment? A.It’s a good idea to consider swapping unwanted stock with other companies’ goods, services, or advertising space: things for which both sides would usually expect cash. This transaction is called corporate trade or corporate barter. There are now a number of [...]
Clooney’s a cold-blooded class act November 25, 2010 Film THE AMERICAN Cert: 15 IN THIS thriller directed by Anton Corbijn (who made the excellent Control, about Joy Division singer Ian Curtis) George Clooney plays Jack, an American hit man at large in Europe. In the opening scene his Swedish idyll is disturbed by some enigmatic assassins sent to kill him – after expertly dealing [...]
Time Out owner sells £10m stake November 25, 2010 Oakley Capital has bought a 50 per cent stake in Time Out, in a deal that values the iconic magazine at more than £20m. Founder Tony Elliot has been searching for an investor but was determined to resist being snapped up by a larger media company. He is understood to have made at least £3m [...]
DMGT profits soar as cost cuts kick in November 25, 2010 DAILY Mail General Trust (DMGT) yesterday reported a boost in its national newspaper division, with the Daily Mail and Metro both recording record operating profits. Group revenue slipped six per cent for the year but pre-tax profit climbed 23 per cent as cost cutting measures kicked in. The publisher saw overall profits at Associated Newspapers [...]
