Hotel cancels Rangers’ shareholder meeting over Mike Ashley’s involvement following concerns about “significant disruption” February 10, 2015 The hotel that was to host the upcoming general meeting for Rangers shareholders has pulled out over fears it would result in “significant disruption” to other guests and neighbours. The meeting is expected to be something of a showdown between the club's shareholders and Mike Ashley, who recently lent Rangers more than £10m to [...]
David Cameron at the British Chambers of Commerce conference: “Give Britain a pay rise” February 10, 2015 "It is time Britain had a pay rise": that will be the message from David Cameron, as the Prime Minister addresses the British Chambers of Commerce conference today. In his speech, Cameron will say that in the current low-inflation, low-oil-price environment, businesses can afford to pay workers more – and that conditions "have not been this good [...]
Prime Minister David Cameron holds emergency meeting to protect British banks from Grexit February 9, 2015 David Cameron has held emergency talks with officials from the Treasury and the Bank of England to prepare for a possible Greek exit from the Eurozone. The Prime Minister held meetings this morning, as the chances of a "Grexit" increased following a defiant speech from prime minister Alexis Tsipras yesterday. Although the UK isn't part [...]
Goodbye Jammersmith, hello to Wombling free? Mayor Boris Johnson outlines radical plans to solve capital’s congestion headaches February 9, 2015 London mayor Boris Johnson has unveiled plans to reduce congestion and open up more land for housing developments and public space across some of London's busiest hubs. Five of the capital's biggest traffic pinchpoints – including the A4 in Hammersmith – are going under the knife as part of the plans, which will see [...]
Bank of England Governor Mark Carney: “No room for complacency” in global banking reform February 9, 2015 Bank of England governor Mark Carney has cautioned against slowing the pace of global banking reforms, saying the financial system is more resilient than during the financial crisis, but there's still "no room for complacency". Speaking in his role as chairman of the Financial Stability Board (FSB), a body which monitors the global financial system, [...]
Mike Ashley’s Sports Direct faces legal challenge over claims sacked USC staff were given 15 minute warning February 9, 2015 Former USC staff who were made redundant when the fast fashion business was put into administration are taking legal action, claiming they received just 15 minutes' consultation over the job losses. The chain, which is owned by Mike Ashley's Sports Direct, was put into administration last month and bought out just a few days later [...]
George Osborne sets sights on pensioner votes with extension of 65+ bonds deadline past General Election day February 8, 2015 Chancellor George Osborne yesterday revealed that the government will now be offering £15bn worth of controversial so-called pensioner bonds, with an extended application deadline that falls on 15 May – one week after the General Election. The 65+ guaranteed growth bonds, as they are officially known, offer marketing leading rates, at 2.8 per cent interest [...]
Warren Buffett criticised for disclosing too little information about Berkshire Hathaway February 8, 2015 Analysts have urged Warren Buffet to make the financial reports of Berkshire Hathaway more thorough, arguing that they currently offer too little information for a company of its size. The super-investor's $370bn multinational organisation is a holding company, made up of subsidiary businesses ranging from the insurance sector to retail and manufacturing. Among others, [...]
George Osborne: Pensioner bond scheme to be extended to after general election February 8, 2015 The government will continue to offer its pensioner bonds for a further three months after more than 600,000 people signed up to the scheme. George Osborne revealed that the deadline for over 65s to apply for the scheme has been extended until after the general election in May due to its popularity. [...]
Half of British voters back David Cameron’s battle for European Reform February 7, 2015 Half of UK voters back David Cameron's battle to reform the European Union, with voters in countries such as France and Germany sharing similar sentiments, a poll by Com Res/New Direction has shown. The poll, conducted for think-tank New Direction, found half of UK respondents (49 per cent) believed the European Union should be reformed. Cameron has [...]