George Osborne’s latest tax U-turn is a great Jubilee present May 31, 2012 FOR charities and their donors, including many in the City, George Osborne’s latest and most spectacular u-turn comes as a perfect Jubilee weekend present. The Chancellor had announced in the Budget a limit of £50,000 or 25 per cent of income, whichever was higher, on the amount individuals could donate in a tax-deductible fashion; the [...]
Kissed is made to measure for Investec Oaks win, says Moore May 31, 2012 JOCKEY Ryan Moore believes Kissed can win today’s Investec Oaks because she is “tailor-made” for the nature of the race, despite doubts over her participation. Kissed’s high-knee action has prompted uncertainty over her participation in the race, with trainer Aidan O’Brien unsure if the conditions are suitable for the horse, but jockey Moore believes the [...]
Car insurers set to face inquiry over charges May 31, 2012 THE car insurance industry is set to be investigated by the competition watchdog after it used the cost of repairs and replacement vehicles to jack up premiums by £225m a year. Insurers compete in a “dysfunctional” manner, said the Office of Fair Trading, as it referred the sector to the Competition Commission. The OFT said [...]
The Fugue set to grab centre stage for Lloyd-Webber in today’s Investec Oaks May 31, 2012 Fourteen fillies have been declared for this afternoon’s Investec Oaks, the highlight of Investec Ladies’ Day, and Aidan O’Brien saddles an astonishing six of them. Admittedly, the master of Ballydoyle has issued a word of warning about Kissed’s participation if the ground is not suitable, but even five fillies makes for a monster team. O’Brien [...]
Camelot must be opposed in bid to become a true great May 31, 2012 SINCE saddling High Chaparral to win the 2002 Epsom Derby, Aidan O’Brien has had 39 unsuccessful attempts to win back flat racing’s most prestigious prize. However, the unbeaten superstar-elect Camelot flies the flag for Ballydoyle in tomorrow’s Investec-sponsored showpiece and is no bigger than 4/6 with Paddy Power to bring the losing streak to an [...]
£140m deal for Makro UK will boost Booker May 30, 2012 FOOD wholesaler Booker aims to turn around the loss-making cash and carry firm Makro UK after taking it off the hands of German retailer Metro in a £140m deal. It will hand Metro £15.8m and a 9.99 per cent stake in Booker as the two firms agree to work together on improving their supply chains [...]
Brewin Dolphin’s new finance director set to replace Bayford May 30, 2012 BREWIN Dolphin will step into the next calendar year under new financial leadership, the investment management firm announced yesterday. Andrew Westenberger is set to assume the role of group finance director on 1 January 2013, replacing Robin Bayford. Bayford, who joined the board of Brewin Dolphin in 1990 and was appointed finance director the following year, is [...]
CITY MOVES | WHO’S SWITCHING JOBS May 30, 2012 ASIFMA The Asia Securities Industry and Financial Markets Association has appointed Mark Austen as its new chief executive. Austen joins from the Association for Financial Markets in Europe, where he served as head of capital markets, acting chief executive and most recently chief operating officer. Inmarsat Andy Start has been appointed president of the global [...]
Cape appoints new leader as woes increase May 30, 2012 CAPE yesterday named a new chief executive, filling a post that has been vacant since March, in a move that comes less than a week after a shock profit warning from the resources industry services provider. The company said Joe Oatley, former chief executive of British engineering company Hamworthy, will take over as chief executive [...]
Six fillies declared by O’Brien May 30, 2012 RACING: Aidan O’Brien has declared six fillies for the Investec Oaks at Epsom on Friday, his wife Anne-Marie yesterday confirmed on Twitter. Betterbetterbetter, Maybe, Devotion, Twirl and Was are five contenders, though Kissed will only run if the ground eases.