Vodafone rides into an uncertain future after Verizon sale September 2, 2013 The sun was shining brightly yesterday on the first proper day back to work after the summer holidays and unless you were leaving a parked car in the shadow of the Walkie Talkie building in Eastcheap that had to be a good thing. The financial markets were in fine fettle too, with the FTSE 100 [...]
What the other papers say this morning – 03 September 2013 September 2, 2013 FINANCIAL TIMES Dering Capital leads race for TDF Blackstone Group’s former top executive in Asia has emerged as the leading contender to buy the French assets of Europe’s largest telecoms tower operator TDF in a deal worth up to €3.8bn (£3.22bn). Dering Capital, started by Ben Jenkins after he left the US private equity group [...]
Shares for rights could lure talent to smaller firms September 1, 2013 AS NEW rules came into force yesterday allowing employees to waive certain workers’ rights in exchange for shares in their employer, lawyers have said the legislation could drive top talent towards the UK’s smaller companies. Under the new scheme, first proposed by chancellor George Osborne last year, employees can exchange certain rights – including statutory [...]
Caribbean dream August 29, 2013 Get a tan while you invest: now is the ideal time to snap up that dream property, says Steve Irish SUN, SEA, sand and a sound investment. Too good to be true? Not for business-minded buyers with capital behind them: there has never been a better time to snap up that beach-front idyll. While traditional [...]
BBA Aviation confirms tie-up talk with Dubai August 27, 2013 BBA AVIATION yesterday confirmed it was in talks to tie up with American engine repair firm Standard Aero, sending its shares sharply higher. The group, which offers plane refueling and maintenance services, said it was in preliminary discussions with Standard Aero’s parent firm Dubai Aerospace Enterprise “regarding a potential business combination”. Shares in BBA Aviation [...]
Gold fund provider strikes deal with Royal Mint for bullion coins August 22, 2013 ONE OF the world’s top gold exchange traded fund providers yesterday struck a deal with the Royal Mint to help punters exchange their investment for physical gold bullion. ETF Securities, which looks after $12.2bn of gold-backed exchange traded products (ETP), has joined forces with the 1,000 year-old British institution to allow its Gold Bullion Securities [...]
What the analysts are saying about July’s public sector deficit August 21, 2013 This morning, the Office for National Statistics said the UK government posted a £62m deficit in July – down from an £823m surplus the year before (full story here). Here's what analysts are saying about the figures. Martin Beck, UK economist at Capital Economics: Despite signs of life in the economy, July’s public finances data [...]
How Britain can take advantage of a global growth in digital industries August 20, 2013 MOST new jobs are not created by established big businesses adding a few people here and there, or by the many smaller firms that are happy to stay small rather than take a risk and expand. Our future prosperity depends on a relatively small number of rapidly growing firms: high growth “gazelles”. So if we [...]
We should be glad that foreign firms want to buy British companies August 20, 2013 THE ABSURDLY nationalist argument over whether foreigners should be allowed to own companies in Britain is raising its ugly head again. Vacuum technology firm Edwards has just been sold to Sweden’s Atlas Copco for £1bn, last month UK engineering giant Invensys was the subject of a £3.4bn takeover by France’s Schneider Electric, and Kentz has [...]
Before the open – 15/08 August 15, 2013 The Nikkei dropped sharply last night after finance minister Taro Aso denied prime minister Shinzo Abe was not considering a corporate tax cut – as the Nikkei newspaper had previously reported on Tuesday. Many have said such a tax cut would be a huge shot in the arm for Japan, which is languishing under huge [...]