WHAT THE OTHER PAPERS SAY THIS MORNING August 1, 2011 FINANCIAL TIMES SUPER RICH TO GET NEW LONDON ADDRESS A leading European hedge fund is preparing to build one of London’s most expensive housing developments as global investors scramble to gain a foothold in the capital’s resurgent residential market. In a deal completed over the weekend, Orion Capital Managers acquired an acre of prime residential [...]
US DEBT TALKS | THE KEY PLAYERS August 1, 2011 HARRY REID Senate majority leader • On the talks: “This is likely our last chance to save this nation from default.” • On the Tea Party: “We would be back in the midst of partisan wrangling with our economy once again held prisoner by extremists.” MITCH MCCONNELL Senate Minority Leader • On the talks: “In [...]
Syrians kill 80 in Hama attack August 1, 2011 Syrian tanks firing shells and machineguns stormed the city of Hama yesterday, killing 80 civilians, rights activists said, in one of the bloodiest days in a popular revolt against President Bashar al-Assad. Hama residents said tanks and snipers fired into unarmed residential areas where people had set up makeshift roadblocks to try and stop their [...]
University place chaos forecast July 31, 2011 More than 200,000 university applicants in Britain will fail to get places this year, the head of the admissions service said in an interview published today. Chief executive of Ucas Mary Curnock Cook told the Independent a “carbon copy” of last year’s confusion, when 210,000 youngsters did not get places, is inevitable.
Cooper left frustrated by Laird defiance July 31, 2011 COOPER Industries was left frustrated in its two-month battle to buy Laird after the British electronic components firm refused to stand down on its 220p demand ahead of today’s deadline. The board of US-based Cooper, which has until 5pm today under takeover rules to make a formal offer, flew into London last week in an [...]
US buyers fuel UK M&A activity July 31, 2011 EXPANDING US corporates such as Kraft accounted for almost half of overseas purchases of UK listed companies last year, a leading City law firm said today. Groups based in the US acquired 22 UK listed companies in the twelve months to the end of June, an increase of 83 per cent on the number of [...]
Charter investors press board over Melrose bid July 31, 2011 LEADING shareholders in Charter International have called on the firm to open its books to Melrose, the takeover specialist pursuing a £1.4bn bid for the engineer. A number of investors including Schroders – the engineering group’s second biggest shareholder – have urged the board to allow Melrose to conduct due diligence. Charter has refused to [...]
City blames Republicans for delay on US debt July 31, 2011 REPUBLICAN members of the US House of Representatives are to blame for the difficulty in agreeing a deal on raising the country’s debt ceiling, according to members of the City A.M./PoliticsHome.com Voice of the City Panel. Forty-one-and-a-half per cent of respondents said that Republicans in Congress were most to blame for the delay in reaching [...]
CBI upbeat on prospects for 2012 growth July 31, 2011 IN spite of the lacklustre backdrop provided by the UK economy this year, the Confederation of British Industry (CBI) has stuck to its forecasts for growth in 2012, predicting a modest 2.2 per cent rise in GDP. But the squeeze on household incomes from higher commodity prices and an erosion of business confidence means that [...]
Balls brands government’s NI holiday scheme a washout July 31, 2011 SHADOW chancellor Ed Balls has branded the government’s National Insurance holiday scheme a “total flop,” saying it has cost more to run than it has delivered in savings to new businesses. The scheme was launched with the hope it would help create 400,000 new companies over three years. The government last night said it is [...]
