BP defiant in Russia July 30, 2008 Defiant BP chief executive Tony Hayward yesterday said the British oil giant would “not be intimidated by the strong arm tactics” of its warring oligarch partners at its Russian joint venture, TNK-BP. Hayward said: “The other shareholders want to tear up the agreement that they willingly signed in 2003 We are not prepared to do [...]
Crosby review fails to please industry July 30, 2008 Property industry experts yesterday sharply criticised the government commissioned Crosby report on the crippled state of the mortgage market for failing to take immediate action to relieve the problem. In his interim report, published yesterday afternoon, Sir James Crosby, the former boss of HBOS, said the mortgage markets would remain jammed another three years, possibly [...]
BA and Iberia set to merge in £4bn deal July 30, 2008 BA’s Willie Walsh seeks to put the chaotic move to Heathrow’s Terminal 5 behind him British Airways and Spanish carrier Iberia have started merger talks in a bid to create Europe’s third-largest airline, they announced yesterday. The two carriers, currently fourth and sixth in Europe by value, are working on a friendly all-share deal with [...]
UK recession looms July 30, 2008 The UK is drifting into a recession, leading economists warned yesterday, as approvals for British home loans in June hit their lowest level since records began and retail sales fell at their fastest pace in at least a quarter of a century. Home mortgage approvals, loans that are agreed but not yet made, fell in [...]
Gallant Paco overshadows Moore treble July 30, 2008 Paco Boy stole the thunder of top jockey Ryan Moore as he swept to victory in the big race of the opening day of Glorious Goodwood, the Betfair Cup. Ridden by Richard Hughes and trained by Richard Hannon, the 7-1 shot timed his run perfectly to pip Stimulation by a neck with Dunelight trailing in [...]
Finally England can unleash their best team July 30, 2008 Well, it took a rather calamitous second Test at Headingley to realise it, but England can now finally lock horns with South Africa this morning with their best team on show. With the top order batting the problem, dropping Paul Collingwood for the second Test was never the answer and it’s no surprise to see [...]
England boosted by Collingwood return July 30, 2008 England captain Michael Vaughan has told of his delight to have all-rounder Paul Collingwood back in the England side – just a week after dropping him. The Durham man was yesterday recalled to the side for the third Test at Edbgaston, starting this morning, after he was surprisingly omitted for the last Test at Headingley. [...]
Bean-count your way to the top July 30, 2008 If you’re clever, an accountancy career can be a route to corporate success, says Chris Higson Not so long ago, people were predicting the eclipse of the accountancy profession. Accountancy had always been a reliable route to the top, particularly in the UK, but perhaps this was changing. It looked as though other countries got [...]
The CFA is a mark of talent and also trust July 30, 2008 In these troubled times, employers want people who know the basics, says Nitin Mehta In recent years, a host of new products have been launched which promise to help professionals working in the investment industry. Often, these qualifications have been accompanied by hype and hope and not a lot else. In the current conditions, many [...]
Disaster-proof your business, it could save you millions July 30, 2008 In these technological times, clever companies prepare for catastrophes before they have happened, writes David Crow Here in the UK, businesses used to be able to view natural disasters as foreign and exotic. Of course, the images of destruction that played across television screens would elicit feelings of horror and sympathy, but the true cost [...]
