And if that doesn’t take your fancy… February 4, 2013 Ford Fiesta Titanium 1.0T EcoBoost, £16,045 It’s Britain’s best selling car for a reason. The Ford Fiesta is a great all-rounder and considered to be one of the most fun superminis to drive. It’s also sharp-looking and offers a good combination of attributes. The latest model is available with a three-cylinder 123bhp 1.0-litre EcoBoost engine, [...]
US web ad firm to raise £12.5m in London IPO February 4, 2013 A US online advertising company will today announce plans to raise up to £12.5m on London’s Alternative Investment Market (Aim) as a springboard for expansion into Europe. Digital Global Services (DGS), which buys advertising space on search engines and Facebook for telecoms companies, is looking to float in mid-February despite not yet having a presence [...]
Osborne bashes banks February 3, 2013 THE GOVERNMENT is undermining banks’ stability and hitting lending to businesses and households by threatening to break up the institutions, banks warned last night. Chancellor George Osborne will today announce his plan to electrify the ring fence that will sit between banks’ retail and investment operations. Under the proposal, banks that try to dodge this [...]
Barclays shake-up February 3, 2013 New Barclays chief executive Antony Jenkins is looking for a new finance director following the departure of Chris Lucas, the bank said yesterday.
Barclays finance director announces his departure February 3, 2013 BARCLAYS finance director Chris Lucas is to announce his resignation today, the bank has revealed, continuing the clear-out of top executives since the Libor interest rate manipulation scandal broke last summer. General counsel Mark Harding is also leaving the bank. The resignations come just days after it emerged the authorities are investigating a 2008 fundraising [...]
Recession and higher tax taking toll on Britain’s top earners February 3, 2013 The rich are getting poorer. Yes, you read that right. The top one per cent of income taxpayers – an individual needs to earn £150,000 per year to qualify – will account for 11.7 per cent of total taxable income this year, down from 12.2 per cent in 2011-12. Their income share peaked at 13.9 [...]
City boosted by early year jobs pick-up February 3, 2013 CITY hiring jumped sharply last month, rebounding from record lows recorded in December and hinting there may be some hope that the pressures on financial services firms are easing a touch, according to new data out today. A total of 2,509 jobs were created in January, recruiters Astbury Marsden report today, more than three times [...]
Sweeping changes from new broom February 3, 2013 WHETHER or not the departures of Chris Lucas and Mark Harding from Barclays are related to any ongoing investigations (and the bank is very keen to point out that they’re definitely entirely separate), the pair were notably among a dwindling number of executives to remain from the era of the bank’s swashbuckling former chief executive [...]
What the other papers say this morning February 3, 2013 FINANCIAL TIMES London skyscraper faces downgrade The Pinnacle – the partly built skyscraper that was planned as the tallest in the City of London – could be knocked down and built from scratch. With work started on just seven of the planned 63 storeys and progress stalled for more than a year, the developers are [...]
Mobile giant in plan to float on London market February 3, 2013 THE OWNER of the Orange and T-Mobile phone networks is planning an end-of-year initial public offering that could be London’s biggest stock market listing in over two years. EE, formerly known as Everything Everywhere, is being prepared for a listing that would raise billions for its owners, France Telecom (FT) and Deutsche Telekom (DT). Everything [...]
