Conservative MPs and financial experts on Thursday night warned that the middle class was being burdened with taxes that were originally designed to affect only the richest people. It will compound pressure on the Conservatives to increase the threshold at […]
Monthly Archives: July 2014
French telecoms start-up Iliad threatens to wreck T-Mobile deal with Sprint
“The US mobile market is large and attractive,” said the statement by Iliad, which operates the growing Free telecom service in France. “T-Mobile US has successfully established a disruptive position, which in many ways is similar to the one Iliad […]
Balfour, AstraZeneca, Omnicom – why are so many deals collapsing?
We can now add the abandoned £3bn tie-up between Balfour Beatty, the UK’s biggest construction company, and its rival Carillion to the list of M&A deals that have failed to make it over the finish line so far this year. […]
Argentina accuses US of judicial malpractice for triggering needless default
Mr Capitanich said Argentina is considering calling for a debate at the United Nations and launching an appeal at the International Court of Justice in The Hague. “We can’t have a global financial system that lets a miniscule group of […]
Ofgem is confusing customers, says British Gas owner
British Gas household supply profits fell 26pc to £265m in the first six months of 2014, as customers used 24pc less gas in the warm weather. Centrica group profits slumped 35pc to £1.03bn, on an adjusted operating profits basis, amid […]
Ofgem is confusing consumers over energy profits, says British Gas owner
British Gas household supply profits fell 26pc to £265m in the first six months of 2014, as customers used 24pc less gas in the warm weather. Centrica group profits slumped 35pc to £1.03bn, on an adjusted operating profits basis, amid […]
Dismal US data and poor corporate earnings fuel global sell-off
Billions of pounds were lost by stock markets on Thursday after a combination of weak corporate earnings, dismal US economic data and ongoing tensions with Russia fuelled a global sell-off. The FTSE 100 in London closed 0.64pc down at 6,730.11 […]
Market report: Matthew Freud builds Huntsworth stake
Huntsworth, which owns the financial PR firm Citigate Dewe Rogerson, has had a difficult month, with the shares crashing 15.2pc two-and-a-half weeks ago after the group sounded a profit warning. However, the stock then rallied 13.9pc on Wednesday in heavy […]
Argentina default and Russia sanctions fuel market sell-off
US District Judge Thomas Griesa, whose ruling that Argentina could not service its exchange debt unless it paid the holdouts at the same time led to the default, has also scheduled a hearing in New York at the same time […]
UK watchdog says brokers fail to give customers best deals
By Huw Jones LONDON Thu Jul 31, 2014 1:16pm BST LONDON (Reuters) – Banks and brokers are failing to give the best trading deals to customers and could face enforcement action, Britain’s Financial Conduct Authority (FCA) said in a review […]