By Philip Aldrick and Edmund ConwayPublished: 6:05AM GMT 29 Jan 2010 Alistair Darling flags up divisions over global bank reform Photo: REUTERS Interviewed ahead of a trip to the World Economic Forum in Davos, he also brushed aside fears about Britain’s ability to sell gilts to fund the £178bn public debt after Bill Gross, managing [...]
By TechbytePublished: 7:07PM GMT 26 Jan 2010 In 2008, the MSI Wind U100 was one of the best netbooks on the market and the company’s latest is a great follow-up. Netbooks, as you’ll know, appeal to business because of their low cost and exceptional portability. Costs are kept down by excluding an optical drive, which [...]
By Robert Winnett, Deputy Political EditorPublished: 11:47AM GMT 28 Jan 2010 Previous of Images Next During 2008, the proportion of people’s earnings being saved ? 1.7 per cent ? was the lowest level since the 1950s Photo: PLATTFORM Join our justice for pensioners petition Photo: PLATTFORM More than £400 billion was wiped off the combined value [...]
By Tracy CorriganPublished: 5:00AM GMT 29 Jan 2010 George Soros, no stranger to public opprobrium himself, thinks bankers are “tone-deaf” in their reaction to proposed reform. In my experience, the crucial rule for the tuneless is to make a conscious effort to avoid singing altogether, except in the privacy of the shower. The world’s top [...]
By Helia EbrahimiPublished: 6:00AM GMT 29 Jan 2010 FSA chief executive Hector Sants said the regulator would become more intrusive and get involved with who banks could hire and what they could pay them. Since 2008 the FSA has vetted 332 managers with significant influence functions (SIF) at leading financial firms – testing areas such [...]
By Rowena MasonPublished: 6:00AM GMT 29 Jan 2010 Will former KGB spy Alexander Lebedev turn to the Kremlin for his next media move. ‘THE last thing I want is to be short of cash with the market moving against us and no revenues. The problem is I am short of cash.” This was the honest [...]
By Jonathan SibunPublished: 5:00AM GMT 29 Jan 2010 Mitchells & Butlers, the travelling theatre company, came home to Birmingham yesterday. The scene was the company’s annual meeting, the play was a farce, and the players were the directors, would-be directors, axed directors, small investors, activist shareholders, bankers and PR flacks of global finance. Someone was [...]
By Edmund Conway in DavosPublished: 5:30AM GMT 29 Jan 2010 Britain falls to 15th place in globalisation rankings The UK fell from 10th to 15th place between 1995 and today in Ernst & Young’s league table of globalisation – a measure of countries’ openness to foreign trade, exchange of technology and movement of labour. The [...]
By Alistair OsbornePublished: 5:30AM GMT 29 Jan 2010 Arriva Arriva shares jumped 13.5 to 481.4p yesterday, valuing the group at almost £960m, after it emerged that its chief executive David Martin had held “very preliminary discussions” over a potential deal with Keolis, which is 45.5pc-owned by SNCF. Keolis’s other shareholders are a consortium of French [...]
Published: 12:09PM GMT 28 Jan 2010 Adam Crozier in a recent apperance on The Andrw Marr show Mr Crozier’s appointment was announced shortly after midday by the company and brings to an end ITV’s long search for a new boss. He will take up his position later this year. Archie Norman, ITV’s recently appointed chairman, [...]