WHAT THE OTHER PAPERS SAY THIS MORNING June 15, 2011 FINANCIAL TIMES CQS SHUTS FUND BUILT ON SUBPRIME TO NEWCOMERS CQS, the London-based credit hedge fund that is one of the biggest of its kind globally, is preparing to shut to new investors its asset-backed securities fund – known for its successful bets in the US subprime mortgage market. The move marks a further step [...]
PROTECTION OF SUPPLY CHAINS GUARDS PROFIT June 13, 2011 AS MOST companies are seeking to reduce costs and improve working capital management, while at the same time relying increasingly on their suppliers, the most successful supply chains are dependent on efficient risk management. This reliance on suppliers is likely to involve a combination of some of the following aspects: global sourcing; single sourcing; partnership [...]
PERSONAL FINANCE NEWS June 8, 2011 DISTRESSING FINANCES According to R3, the trade body for insolvency professionals, the number of people experiencing financial distress has increased to the highest level recorded. 8m people are due to go into their overdraft this month, with 2m believing that they will go into an unauthorised overdraft position. The findings also show that 6m people [...]
Greece sells telco stake as protests grow June 6, 2011 PROTESTORS crowded into Athens’ Syntagma square outside parliament yesterday as the government announced that it is selling off a ten per cent stake in Hellenic Telecom. The deal sees Deutsche Telekom, which is 30 per cent owned by the German government, buy the equity for $400m (£245m) as part of a €50bn (£45bn) Greek privatisation [...]
Small businesses avoiding failure May 26, 2011 Fewer small companies became insolvent in April than the same time last year, data from Experian revealed yesterday. The number of failing UK companies dropped by 0.55 per cent year on year.
Greece pushed to sell assets May 24, 2011 GREECE could be forced to sell up to €50bn (£44bn) in state-owned assets by European officials, as the nation tries to mend its battered finances. European leaders want to push for measures to ensure the Greek government completes its promised €50bn privatisation drive, but believe a state asset sale programme could ultimately net it between [...]
Greece is fast running out of money May 23, 2011 IT is looking worse by the day for Greece as the debt crisis trundles towards its inevitable and disastrous endgame. A default, however dressed up, can now only be a matter of time: the cash is fast running out. There is growing panic in Frankfurt, home of the European Central Bank (ECB), which has emerged [...]
Greece is fast running out of money May 22, 2011 IT is looking worse by the day for Greece as the debt crisis trundles towards its inevitable and disastrous endgame. A default, however dressed up, can now only be a matter of time: the cash is fast running out. There is growing panic in Frankfurt, home of the European Central Bank (ECB), which has emerged [...]
Yell shares surge as it pledges its future to digital media May 17, 2011 YELLOW-PAGES publisher Yell plans to increase its presence in digital media in a bid to counter a chronic decline in its print business. It yesterday posted pre-tax profit of £66.3m, compared with £70.3m last year. Revenue fell 12.4 per cent to £1.9bn. However, while print revenue dropped by 18.6 per cent, digital media revenue grew [...]
The European sovereign debt bomb is ticking May 17, 2011 JEAN-CLAUDE Juncker, chairman of the Eurozone’s finance ministers, said yesterday that Greece may have to ask investors to either extend the maturities of its bonds or agree to a soft restructuring. This follows on from the Greek foreign minister Dimitris Droutsas saying that the country was open to soft debt restructuring if needed. But in [...]