Monthly Archives: August 2014

Week ahead in business and economics: September 1-5

However, others believe it will stay on hold, in particular because the bank has not yet launched its latest €400bn package of long-term loans, known as TLTROs. The Bank of England is expected to keep interest rates on hold, despite […]

Man at the Bank of Vince would like to say ‘yes’ with his £4bn pot

Announced at the end of 2012 and set up nearly a year ago, state-owned British Business Bank is trying to make difference to the way small businesses can get funding. Backed by a five-year government funding commitment of £4bn, it […]

Barclays to sell Spanish operations to CaixaBank for £632m

The deal is subject to regulatory approval, and the final price could be adjusted based on the value of the Spanish operations’ assets at the end of the year. On Sunday, Barclays also completed the sale of its UAE retail […]

New airport capacity decision critical to UK economy, warns CBI

The CBI’s report highlighted the importance of launching air routes to new markets in emerging nations to safeguard the UK economy, backing Chancellor George Osborne’s call to double exports to £1trillion by the end of the decade. It claimed that […]

G4S could face investigation over Guantanamo contract

Security firm G4S could face a government investigation over its acceptance of a £70m contract to provide “janitorial services” at Guantanamo Bay, the US naval base which houses terrorism suspects. Human rights charity Reprieve has filed a 17-page complaint with […]

Rake becomes RAC chairman

City heavyweight Sir Mike Rake has been appointed chairman of RAC as the car breakdown business prepares to list on the stock market. Sir Mike, president of the CBI and former head of KPMG in the UK, has been brought […]

Co-op board reforms aim to reverse fortunes

The Co-operative Group is to switch its focus towards finding a new chairman after securing support for a board shake-up aimed at putting a series of scandals and heavy losses behind it. Ursula Lidbetter, chairman of the group, said the […]

Rising prices and bad weather hit growth in British public cycling

However, the surge in interest in cycling has so far had a mixed impact on the cycling trade, Mark Walmsley, an industry expert from the ACT, told the Telegraph. “Those inside the industry are widely agreed that the market is […]

Bankers beware: City ‘will soon be run by robots’

“I believe in Moravec’s Paradox,” Mr Coplin, Microsoft’s UK-based chief envisioning officer, told The Telegraph, referring to the Eighties hypothesis discovered by artificial intelligence and robotics researchers. “This states that what we think is easy, robots find really hard, and […]

Spectre of 1929 crash looms over FTSE 100 as traders take on record debts

Source: Buying shares on margin is often used by hedge fund traders to increase the returns on their investments. As the stock markets have steadily risen during the past five years and the level of risk has fallen, banks […]