The Open University MBA – transforming your career November 5, 2012 The Masters in Business Administration (MBA) programme from The Open University Business School will take you on a personal journey where you will challenge limits, cross boundaries and change the way you think. Quite simply, the OU MBA is designed to help you make a difference to your career. Reputation and quality Our MBA programme [...]
Apprehension over US election leads FTSE 100 lower November 5, 2012 The blue chip index was trading down this morning, as investors awaited the outcome of a tightly-fought US election. Miners weighed on the main share index this morning, while ITV also sustained losses. On the FTSE All-Share, data centre provider Telecity fell almost 8.5 per cent in early deals despite reporting robust trading across its [...]
HSBC sets aside extra $800m in money laundering provision November 5, 2012 HSBC has put aside an extra $800m to cover a potential fine from US regulators for breaching anti-money laundering controls, it said this morning. It had previously set aside $700m in July, bringing the total provision to $1.5bn. Meanwhile, HSBC posted pre-tax profits of $3.5bn in the third quarter, a fall of $3.7bn from the [...]
Toyota raises profit forecast November 5, 2012 Japanese car manufacturer Toyota increased its net profit forecast to 780bn yen this morning, despite a slide in sales in China following a territorial dispute. It predicted a net profit of 780bn yen (£6bn) for the year to March 2013, up from its earlier forecast of 760bn yen. Full-year operating profit would be 1.05 trillion [...]
Ryanair posts jump in first-half profit November 5, 2012 Ryanair this morning posted a 10 per cent jump in first-half profit, thanks to higher fares and lower fuel costs. The Dublin-based airline said fares rose six per cent in the second half, coupled with a surge in passenger numbers during the summer months. Net profit for the six months to September came in at [...]
Prudential to buy Thai insurer November 5, 2012 Insurer Prudential this morning agreed to buy the life assurance arm of Thai bank Thanachart for £368m. Prudential will also receive a further payment of £10m, payable 12 months after completion. The acquisition, which will double the British insurer’s market share in Thailand, ramps up Prudential’s grip on the “highly attractive markets” of South East [...]
Race to the finish as US vote looms November 5, 2012 THE RACE to be elected President of the United States has entered its final 24 hours, with polls suggesting that Democrat incumbent Barack Obama is ahead by the narrowest of margins. Last night Obama and his Republican rival Mitt Romney were mid-way through a frantic dash across key states, making dozens of public appearances in [...]
HSBC to face up to $1.5bn in US fines November 5, 2012 BANKING giant HSBC will today announce that it is having to put aside another half a billion pounds to pay fines for breaking anti-money laundering regulations. The bank’s lax security controls failed to stop drug dealers laundering money through the bank’s Mexican operations. In July it set aside $700m (£437m) to pay the anticipated fines, [...]
UBS banker strikes deal to close fixed income units November 5, 2012 A TOP UBS banker is in with a chance of making millions from running down the group’s fixed income units, it emerged over the weekend. Plans to close much of the group’s investment banking operations were announced last week, with 10,000 jobs expected to go by the end of 2015. Those began with around 100 [...]
America’s jobs nightmare requires fresh thinking November 5, 2012 TOMORROW is decision day for Americans, who must choose who they want to see in the White House for the next four years: Barack Obama, the Democratic incumbent, or Mitt Romney, the Republican challenger. America will also be voting for a new Congress. This newspaper is not shy of giving its endorsements to candidates in [...]
