Brits don’t save for a rainy day July 19, 2010 The average Briton would only be able to survive financially for a month if they were unable to work, a survey by insurer Unum said. Around one in five employees, 5.5m of the workforce, admitted they have no savings or insurance to support them if they are unable to work. Around one in four said [...]
Is Google violating our privacy? July 19, 2010 YES KARIN RIIS JORGENSEN, EPA GOOGLE is in the dog-house as far as we and many other privacy campaigners are concerned. The internet giant is guilty of playing fast and loose with people’s privacy. It has been found capturing people’s WiFi information, including private emails, bank information, and passwords in the course of its Street [...]
Internet search giant faces its first public grilling July 19, 2010 GOOGLE will today face a grilling by privacy campaigners who claim the firm should be held accountable for collecting sensitive personal information. It will face accusations its Street View project, which uses special cars to record photographic images and WiFi network data, intentionally collected unencrypted information, including private emails and bank details. Google strongly denies [...]
FAIRFAX CO-FOUNDER CRAWFORD ON THE HUNT FOR A NEW INVESTOR July 19, 2010 IS A changing of the guard in the offing down at boutique investment bank Fairfax? I hear that Rolly Crawford, who co-founded the firm back in 2006, is on the lookout for a new major investor to take Fairfax forward in its ambitions. A number of interested parties have already been sounded out about the [...]
Former Pru boss tucker joins AIA July 18, 2010 AIA WILL today announce the shock appointment of the former head of FTSE-100-listed Prudential as its new chief executive. Mark Tucker will take the reigns at the firm just weeks after Prudential’s $35.5bn (£23bn) AIA takeover bid humiliatingly collapsed. He will now be responsible for overseeing the firm’s momentous listing, resurrected last week, which could [...]
Boeing sells 30 jets to Emirates July 18, 2010 EMIRATES will order 30 new Boeing 777 aircraft in a deal worth more than $7bn (£4.6bn). The contract will be unveiled at the Farnborough Air Show, which starts today. It follows a period of rapid expansion for the Dubai-based airline, which last month ordered 32 Airbus A380 superjumbo jets, worth around $115bn. The deal will [...]
City row over director deals July 18, 2010 A TOP City figure has spoken out against a decision by the Financial Services Authority to prevent stockbrokers from notifying clients that they are passing on shares being sold by a company director. Directors’ share sales can have a material impact on market sentiment towards their company. Many brokers thus traditionally gave investors a heads [...]
Sweden’s failed Tobin tax experiment July 18, 2010 BAD ideas have a habit of never really going away. There were renewed calls at the weekend for a Tobin tax on financial transactions, a deeply flawed concept which remains popular in influential circles. Supporters should acquaint themselves with an excellent study published in the mid-1990s by the Canadian government’s depository services programme, which remains [...]
BP cap stops oil spilling July 18, 2010 BP said yesterday its new cap has stopped the oil that has gushed into the Gulf of Mexico for three months and hopes to keep it that way until a relief well can permanently seal the leak next month. The British energy giant expressed confidence its blown-out Macondo well is intact below the seabed and [...]
WHAT THE OTHER PAPERS SAY THIS MORNING July 18, 2010 FINANCIAL TIMES MANDARINS TO BE OFFERED EARLY REDUNDANCY PAYOUTS Thousands of senior civil servants are being offered voluntary redundancy ahead of big cuts in their severance terms, sparking fears that some of Whitehall’s most talented officials could walk before the terms are reduced. The offers are less to do with the coalition’s plans to tackle [...]
