Inside Track: Carney must act to stop new EU rules hitting UK banks November 6, 2013 Well that didn’t last long. Optimism about a rapprochement between the Bank of England and major international banks has had the City bewitched since Mark Carney’s intervention last month to relax liquidity rules, marking a distinct break with the approach of his predecessor, Lord King. It may not be quite that straightforward: two subsequent developments [...]
Embrace the lunar tick November 6, 2013 Designers of women’s watches are understandably drawn to the expressive beauty of the moonphase complication. Laura McCreddie looks at three brands offering this adornment across different price points Heritage Zenith Star Moonphase – £3,200 Zenith tends to be perceived as a rather masculine brand – it had a watch on Felix Baumgartner’s wrist when he [...]
Premier Foods seeks out new bread investor November 5, 2013 PREMIER Foods has hired advisers to review options for its troubled bread division, including a possible sale. The owner of Hovis and Mother’s Pride bread has asked financial advisory firm Ondra Partners to explore options including attracting a new investor, a source confirmed last night. Premier Foods’ bread business, which also produces own-label ranges for [...]
We must not ignore the economic evidence on immigration’s benefits November 5, 2013 CONCERNS about immigration continue to gather strength. A recent poll by Survation for Sky News found that 67 per cent think the coalition’s attempt to reduce net migration to 100,000 per year does not go far enough. More than a quarter feel that immigration in the last decade brought no positive benefit to the UK. [...]
Premier Foods on search for new bread investor November 5, 2013 Hovis owner Premier Foods has begun a secret hunt for an outside investor to help reverse the fortunes of its floundering bread division, reports Sky News' City editor Mark Kleinman. Premier Foods has approached a number of private equity groups over the sale of a stake in its bread unit. Sky understands that the chief [...]
Sky high costs expected as key football bid due November 4, 2013 EUROPEAN Champions League television rights could be a case of winner-takes-all between rival bidders BT, Sky and ITV, according to analysts. Bids for the prized football broadcast rights from 2015-18 are due to be filed today, and the bidding could be the most competitive, and expensive, ever. “We believe Sky could go for complete exclusivity, [...]
Deflation fear prompts Eurozone rate cut talk November 4, 2013 But a single data point is unlikely to convince the ECB that immediate loosening is necessary European shares traded close to five-year highs yesterday amid speculation that the European Central Bank (ECB) will cut its policy rate on Thursday. The FTSEurofirst 300 Index rose above 1,296, a near 6 per cent increase from Friday’s levels. [...]
Fitness Expert: Ways to burn calories on your fasting days November 4, 2013 THERE’S a good chance you’ve either tried, or know someone that’s trying, the 5:2 diet. It’s relatively simple, doesn’t involve cutting out a bunch of your favourite foods, and is extremely effective as far as weight loss is concerned. But where and how does exercise fit in? Is it okay to work out on fasting [...]
Co-op Bank to close 15 per cent of branches with hundreds of jobs on the line November 4, 2013 The Co-operative Group is to axe 15 per cent of its floundering bank's 324 branches by the end of next year, as part of a radical restructuring plan unveiled today. Sky News' Mark Kleinman reported on Saturday that the bank is to cut more than 1,000 jobs as part of the restructure, which will see [...]
Labour makes new push for higher wages November 4, 2013 LABOUR leader Ed Miliband has pledged to offer tax breaks of up to £1,000 per worker for companies that move low-paid staff onto the living wage. Miliband said the scheme would cut poverty while saving money on benefit payments – but the Conservatives and some business groups said the plan was impractical. More than 400 [...]