Blown away by Dorset October 13, 2013 Head to a hotel on the south coast for wholesome activites, fresh salty air and inexpensive fine dining OF ALL the pastimes that governments enjoy, most involve splashing our cash around, telling us what to do, and chucking in a dose of mild nationalism to make it seem a bit more palatable. Little surprise, then, [...]
What the other papers say this morning – 11 October 2013 October 10, 2013 FINANCIAL TIMES New York Fed sued over Goldman A former bank examiner filed a suit against the Federal Reserve Bank of New York, claiming she was fired after criticising Goldman Sachs for its policies on managing conflicts of interest. Carmen Segarra is suing the New York Fed and three of its officials in federal court [...]
EE deal could see BT heading back to mobile October 10, 2013 BT IS poised to move back into the consumer mobile market after signing a deal to use EE’s network yesterday, 11 years after selling off its BT Cellnet business. Yesterday’s agreement will initially allow BT to provide mobile service to its 250,000 corporate customers using EE’s network, and could allow BT to offer a consumer service [...]
Two sovereign wealth funds expected to receive Royal Mail shares October 10, 2013 While sovereign wealth funds are expected to be allocated large numbers of Royal Mail shares, according to Sky News. Sky's City editor Mark Kleinman says that Kuwait and Singapore-based wealth funds are among those which have share orders worth "hundreds of millions of pounds". His sources suggest that the two top funds are expected to [...]
Inside Track: Imperial’s Napier under pressure as shareholders rebel October 9, 2013 IT has been a poor week for the UK’s quoted tobacco companies. Even by the standards of a sector used to being the target of political hammerings, the suite of measures passed by MEPs on Tuesday was tough for investors to swallow: a ban on smaller packs, enlarged health warnings and new restrictions on products [...]
Peter Higgs wins Nobel prize for his work to find the God particle October 8, 2013 BRITISH scientist Peter Higgs and Francois Englert of Belgium won the Nobel Prize for physics yesterday for predicting the existence of the Higgs boson particle, which explains how elementary matter attained the mass to form stars and planets. The insight has been hailed as one of the most important in the understanding of the cosmos. [...]
Demand for Royal Mail shares exceeds £30bn October 8, 2013 With shares worth around £2bn to be sold, institutional investor demand has swamped that supply according to Sky News' City editor Mark Kleinman. That doesn't include demand from members of the public. Kleinman says that a "last-minute rush for shares" is expected throughout today. If you still want to buy shares, find out how here.
Bosses call for flat income tax October 7, 2013 THE HEAD of one of Britain’s leading business groups called for a flat tax yesterday, suggesting that it would benefit families whose marginal tax rates have been hiked by the loss of child benefit. Speaking on Sky News’ Murnaghan show, Simon Walker, head of the Institute of Directors (IoD), said a flat tax would boost [...]
It’s time to shred Britain’s complex and punitive tax system October 7, 2013 WHEN this government was first elected, it promised to simplify Britain’s tax code, which over the years has become one of the lengthiest in the world. To say that it failed would be a pathetic understatement. Our horrendous, maddening tax system keeps getting more complicated, with thousands of pages of incomprehensible nonsense added since 2010, [...]
Six bid for biscuit maker Burton’s October 7, 2013 More than six bidders have tabled offers for Britain’s second largest biscuit maker Burton’s. Apax Partners, Capvest, Charterhouse and Pamplona Capital are understood to be among the private equity firms that have expressed an interest in the company, according to Sky News. The sale of Burton’s which also owns Wagon Wheels and makes biscuits for [...]