Forex names foxy winner November 15, 2012 YET more awards on Wednesday night, this time dished out at the Grange hotel by St Paul’s as part of the Forex Summit. Jannick Malling, founder of online trading platform Tradable, brought home the bacon with the Most Innovative Financial Company. When asked about a comparison made between him and Steve Jobs, Malling bashfully replied: [...]
BP pays $4.5bn to settle Gulf spill November 15, 2012 BP has agreed to pay $4.5bn (£2.84bn) and plead guilty to charges of misconduct to settle all claims relating to the 2010 Deepwater Horizon disaster, which caused the worst offshore oil spill in US history. The total settlement over the Gulf of Mexico spill, which resolves all charges with the Department of Justice (DoJ) and [...]
CBI warns Osborne off pension raid November 15, 2012 THE HEAD of the Confederation of British Industry (CBI) has warned George Osborne against another raid on pensions, saying such a move would be “damaging to business”. The chancellor is understood to be considering including a cut in tax relief in the Autumn Statement on 5 December. But speaking to City A.M. ahead of the [...]
Tchenguiz win leaves fraud squad with £3m headache November 15, 2012 THE UK’S beleaguered fraud squad yesterday paid the price for its botched raid on the offices of property magnates Robert and Vincent Tchenguiz after a High Court judge ordered it to cover the costs of a judicial review. The figure that the Serious Fraud Office (SFO) is on the hook for is understood to be [...]
We need a new entrepreneurial revolution to rescue Britain November 15, 2012 IT is all too easy to despair about everything that is wrong with Britain. But one ray of light is our slow-burning, yet increasingly profound shift towards becoming a more entrepreneurial society. Britain counts 4.8m private firms, 99.9 per cent of which are small to medium-sized businesses (SMEs). Most are micro businesses. The rise of [...]
Ex-lovers of insider trade banker found not guilty November 15, 2012 TWO former lovers of an ex-investment banker who made thousands of pounds trading on insider tips he provided to them were yesterday found not guilty of insider dealing. Jessica Mang, 30, and Christina Weckwerth, 44, were being two-timed by banker Thomas Ammann when he told both to buy shares in a company about to be [...]
What the other papers say this morning November 15, 2012 FINANCIAL TIMES France Telecom open to EE listing France Telecom has opened the door for a flotation next year of EE, the UK’s largest mobile phone group by customer numbers that it owns with Deutsche Telekom. Gervais Pellissier, deputy chief of France Telecom, said that there “could be some space at the end of next [...]
Israel drafts in more troops as violence builds November 15, 2012 ISRAEL last night called in reserve troops after two rockets fired from the Gaza Strip targeted Tel Aviv amid escalating violence in the region. The attack by Palestinian militants is the first on Israel’s commercial capital in over two decades, and defence minister Ehud Barak insisted they would pay a price for firing the missiles. [...]
Starbucks in share buyback plan November 15, 2012 ■ High street coffee chain Starbucks yesterday said it could repurchase up to 25m additional shares in a share buyback to give value back to shareholders. The Seattle based firm said the plan was a reflection of its strong current cash flow position. Its board has approved the plan, which takes its firepower for a [...]
Amplats miners return to work November 15, 2012 ■ The South African strike that has crippled Anglo American Platinum since mid-September has come to an end, as miners accepted a pay offer and returned to work. Amplats has offered miners a one-off payment of ZAR4,500 (£317) and a monthly salary increase of ZAR400 on the condition that the workers – including the 12,000 [...]
