France and Germany support Cameron in EU budget battle October 28, 2010 PRIME Minister David Cameron has won the backing of 10 other European countries for his call to cap the increase in the EU’s budget next year to no more than 2.9 per cent. In a joint statement the 10, including France and Germany, said the planned six per cent rise was “unacceptable” when national governments [...]
Three cheers for the stars of the Square Mile October 28, 2010 LAST night was truly an exciting and exceptional occasion: City A.M.’s inaugural awards celebrating the best and brightest of London’s business, financial and investment communities. Our inaugural awards ceremony saw more than 450 guests in their finery roll up at the Grange Hotel at St Pauls. Our winners, unique in that each was initially chosen [...]
Boris: I support benefit plans October 28, 2010 BORIS Johnson yesterday insisted he backed government plans to cap housing benefit, after he was quoted saying that “Kosovo-style cleansing of London” would not take place on his watch. The comments, which were seen as an attempt to win concessions from the government, were given short shrift by Downing Street. Later, the Mayor rushed out [...]
BBC journalists set for walk out October 28, 2010 THE BBC is bracing itself for a wave of strikes, after the National Union of Journalists (NUJ) voted against plans to reform the corporation’s pension scheme. The NUJ said its members will walk out on 5 and 6 November and again on 15 and 16 November. NUJ general secretary Jeremy Dear said the vote comes [...]
CITY WELCOMES A DOSE OF FESTIVITY AND OPTIMISM October 28, 2010 “AN EVENING of festivity and optimism” was the way in which our editor Allister Heath introduced City A.M.’s inaugural awards ceremony last night, and the evening did not fail to live up to expectations. After years of gloom-mongering and banker-bashing, what better way to acknowledge the role of the City in bringing the economy back [...]
Advances from BG Group and Shell help lift the FTSE 100 October 28, 2010 BRITAIN’S top share index pushed higher yesterday, helped by a rally in heavyweight commodity issues, notably oil major Royal Dutch Shell, whose third-quarter results beat market expectations. The FTSE 100 ended up 31.87 points, or 0.6 per cent, at 5,677.89, recovering after it reached its lowest closing level since 5 October on Wednesday. Energy issues [...]
Wall Street falls as elections approach October 28, 2010 US stocks edged lower yesterday as investors took to the sidelines ahead of expected upheaval from next week’s elections and likely additional stimulus by the Federal Reserve. Next week’s events could signal shifts in both monetary policy and legislative direction, leading investors to be cautious and largely disregard yesterday’s corporate earnings and economic reports. A [...]
The kids will be alright with a Junior Isa October 28, 2010 WHEN the coalition government revealed in May that it would be scrapping Child Trust Funds (CTF) from January 2011 to save £500m a year, there was an outcry from fund managers, financial experts and think tanks alike, who argued that the CTF had instilled a savings culture in children from an early age. More than [...]
PERSONAL FINANCE NEWS October 28, 2010 THE BANK OF FRIENDS LENDS The actual banks might not be lending, but Brits have borrowed £7bn from their friends over the last year, according to research from the Post Office. Despite those figures, however, some 19 per cent claim not to remember how much they lent, while the most popular form of repayment is [...]
Colgate sees profit growth slowing down October 28, 2010 Colgate-Palmolive said 2011 earnings-per-share growth would slow to mid-single digits as it spends more on advertising and new product development to help lift sales volume and market share. The maker of Colgate toothpaste and other personal-care items said third-quarter sales fell 1.4 per cent to $3.94bn (£2.47bn) as pricing was flat and the foreign exchange [...]
