CITY VIEWS: should vat go up or should banks be taxed more? June 10, 2010 BRIAN COLGAN | AVIVA “I think tax the banks more. Increasing VAT equals less spending which drives less money into the economy. They caused the problem so they can get us out of it.” JAMIL ALAM | RBS “Definitely the banks in my opinion. Why charge the individual? The bottom line is, they created the [...]
David Willetts prepares to hike university tuition fees June 10, 2010 UNIVERSITIES minister David Willetts yesterday indicated the coalition government was preparing to hike tuition fees, describing students as a “burden on the taxpayer” that needed to “be tackled”. He also hinted that interest rates on low-cost student loans – which cost the tax payer some £1.2bn a year – could also be increased. “If fees [...]
TYRIE TO GRILL TREASURY June 10, 2010 ANDREW Tyrie was yesterday elected as the chair of the influential Treasury Select Committee, giving him a powerful base from which to grill the chancellor, ministers and senior figures from the financial services industry. “The Committee has a crucial role to play in Parliament and more widely at a difficult time for the economy,” said Tyrie.
Miners carry the FTSE to small gains after talk Australia could axe new tax June 10, 2010 ARALLY by miners lifted Britain’s top share index by the close on Thursday, while improved economic sentiment gave the banks a boost. Another sharp fall for BP, however, limited the index’s gains, as the costs of the disastrous oil spill in the Gulf of Mexico continued to cloud the company’s future. Miners delivered the bulk [...]
Strong euro spills over to US markets to fuel rise June 10, 2010 THE major US stock indexes rose nearly 3 per cent on Thursday, a day after a late-day sell-off that had reversed strong gains in what has been a volatile month on Wall Street. The rise came amid questions over whether expectations of an economic recovery have been overly optimistic. The strength in the euro helped [...]
Big bonuses as GMG losses increase 77pc June 10, 2010 GUARDIAN Media Group (GMG) revealed outgoing chief executive Carolyn McCall will take home a total pay and bonus package of £658,000 despite the firm’s losses widening 77 per cent to £171m for the year. Her bumper remuneration package includes a bonus of £143,000. Mark Dodson, who quit as chief executive of the GMG’s regional business [...]
Feds may take bite of Apple… June 10, 2010 Apple’s growing feud with Google took a fresh twist yesterday, with US anti-trust regulators preparing to investigate Steve Jobs’ firm. The iPad-maker sparked fury at Google after announcing changes to its advertising platform, iAds, that effectively block rivals. It means Google will be excluded from the expected deluge of advertising revenue gathered from Apple’s iPad [...]
… As chipmaker ARM plays down bid interest June 10, 2010 Shares in chipmaker ARM jumped 32 per cent to an eight-year high yesterday amid fresh rumours of bid interest from its customer Apple. A spokeswoman for ARM said the chip designer had not received an approach, and said a takeover from Apple is unlikely. ARM has benefited from the launch of the new iPhone and [...]
Microsoft in $1.25bn note issue June 10, 2010 Microsoft plans to raise up to $1.25bn (£850m) by offering three- year convertible senior notes to institutional investors. The tech firm said each note can be converted into 29.9 shares of common stock. The zero coupon convertible notes, which will mature in 2013, will not bear interest and the principal amount will not accrete, the [...]
HOME (PAGE) BURGLARY? June 10, 2010 GOOGLE has come under fire for the images it introduced behind its iconic search page this week. The tech firm has been the subject of ribbing from Microsoft executives who claim it has stolen the idea from its rival Bing! search engine. The pictures will change, and those with personalised accounts can customise the page [...]
