FTSE 100 Live: Stocks to fall as Hormuz strikes revive security threat; Asian markets hit by tech sell-off after Apple price hike
I recreated all my favourite TV tropes, from crawling through pipes to being two kids in a trenchcoat
London rises to highest close in 3 weeks on Dubai bailout December 14, 2009 BRITAIN’S top share index closed at its highest level in a week yesterday, led by banks, after Abu Dhabi bailed out Dubai with $10bn in surprise aid, with commodities stocks also notching up solid gains. The FTSE 100 closed up 53.77 points at 5,315.34, its highest close since 4 December, adding to a rise the [...]
CITY A.M. TOASTS A NEW ERA IN ALLIANCE WITH INTERACTIVE INVESTOR December 14, 2009 IT WAS off to the iconic Gherkin building last night for one of the most exciting developments in the history of City A.M. – our newly-announced alliance with online financial services provider Interactive Investor. Guests at the party sipped champagne as they admired the view over the City, chatting about the partnership, under which we [...]
LLOYDS POISED TO PAY £100M IN BONUS TAX December 14, 2009 LLOYDS Banking Group, which yesterday successfully completed a record-breaking £13.5bn rights issue, is preparing to pay out its bonus pool in full. The move, which follows mounting anger in the City over the government’s super-tax, will see the firm having to hand over an estimated £100m in payments to the Treasury as part of the [...]
FIRST TULLETT – NOW US BANKS MULL EXIT December 14, 2009 WALL STREET banks are seriously considering relocating many of their European bankers out of London following the bonus super-tax, sources have told City A.M. The industry has been working closely with its US-based lobby group, the Securities Industry and Financial Markets Association (SIFMA), to decide whether to relocate some Europe, Middle East and Africa (EMEA) [...]
NEWS | IN BRIEF December 14, 2009 Google to pair phone with T-Mobile Google plans to sell two versions of its own-branded mobile phone: one with a service contract with T-Mobile USA and another that is unlocked, a source familiar with the matter said last night. The phone, manufactured by HTC, has a number of code names such as HTC Passion, Dream [...]
WHAT THE OTHER PAPERS SAY THIS MORNING December 14, 2009 FINANCIAL TIMES COUNCILS THREATEN ICELAND BANK ACTION Council leaders have threatened to launch legal proceedings against a failed Icelandic bank which they fear will not repay £150m in deposits made by local authorities before the credit crunch. British councils had £900m of deposits in Iceland when a trio of its banks collapsed. So far barely [...]
BA in winter of discontent December 14, 2009 BRITISH AIRWAYS (BA) is facing hundreds of thousands of pounds of losses after its cabin crew voted overwhelmingly in favour of a 12-day strike, threatening to paralyse the airline over the peak Christmas and New Year period. A bitter row over jobs, pay and working conditions escalated yesterday, when more than 12,000 BA members of [...]
Selfish strikes to cripple British Airways December 14, 2009 WHAT a tragic outcome at British Airways. The airline’s management is hardly perfect but it is almost unbelievable that BA’s staff have chosen to walk out like this. The strike – supported by an astonishing 92 per cent of those voting – will last for 12 hellish days from 22 December to 2 January, ruining [...]
BNYM man will not run BofA December 14, 2009 BANK of New York Mellon chief executive Bob Kelly said in a memo to employees yesterday that he was not leaving the bank, quashing speculation he was in new talks to become Bank of America’s next chief executive for the second time in two months. “Given some of the press reports we have seen in [...]
Sarkozy unveils €35bn state aid December 14, 2009 FRENCH President Nicolas Sarkozy yesterday unveiled a €35bn (£31bn) “grand loan” the government will take out to fund universities, renewable energy and the digital economy. Of the total, €22bn will be raised through government borrowing, with the rest coming from bailout money repaid by banks to the French government. France’s universities are the main beneficiary [...]
