Monthly Archives: November 2014

E.ON announces strategic review of entire North Sea business amid major shake-up

The firm – which operates oil fields across the North Sea – said it wanted to focus on its renewable activities, regulated distribution networks and efficiency services, citing “dramatically altered global energy markets, technical innovation, and more diverse customer expectations”. […]

BT investor supports multi-billion mobile move

One of BT’s biggest shareholders has said that it would support a multi-billion pound rights issue to fund the takeover of UK mobile operator EE or Telefonica’s O2, which would create the UK’s most powerful telecoms and media company. The […]

Osborne’s surplus will be year late, warns EY

The Office for Budget Responsibility (OBR) has forecast that the Government will borrow £86.6bn this fiscal year but with just five months to go, “it appears virtually impossible” that the target will now be reached, said Martin Beck, senior economic […]

Real austerity means public sector cuts, not gimmicks

The bit that has not gone well for the Chancellor is the fiscal side. In the last budget he aimed to bring public borrowing this year down by some £12bn compared with last year. After seven months of the financial […]

Ryanair’s Michael O’Leary to become ‘more presidential’ like easyJet boss

He used to turn up to press conferences in fancy dress and came out with colourful quotes such as: “Germans will crawl b****** naked over broken glass to get low fares.” But now Michael O’Leary, the controversial chief executive of […]

Week ahead in business and economics: December 1-5

Economic week ahead All eyes are on the Autumn Statement this Wednesday, as George Osborne, the Chancellor, is set to deliver a string of updates on the Government’s plans for the economy. The Office for Budget Responsibility is likely to […]

Ryanair chief flying high as he prepares for new role in the boardroom

“I was in the Middle East for four years. I was shot at by Saddam – a bit of Scud missile landed in my house in 1991,” recalls Millar. As it turned out, such experiences were good preparation for life […]

Good schools should help pupils to pass the personality test for work

At present, I’m a trustee at Uppingham and a governor of Delamere C of E County Primary Academy. Both schools show the similarity between a successful school and a brilliant business. Both benefit from creating the right culture, having an […]

Electra prepares to sell Nuaire after US coup fails

Electra, the private equity firm that recently defeated a boardroom coup attempt by a US corporate raider, is readying the sale of its Nuaire business. Last week, Electra shrugged off the attempt by American activist Edward Bramson to gain a […]

Banks remove barriers to business loans

Britain’s major banks have removed red tape that meant businesses often had to wait months to secure loans from alternative finance providers. Royal Bank of Scotland (RBS), Lloyds, Barclays and HSBC have introduced common standards meaning it will take no […]