This is what happens when politics and febrile Westminster rumour collides with the currency markets.
At around 12.15 or so this afternoon a rumour starting whipping around the currency markets that Gordon …
Source: Business Listings
There may still be lingering questions in some quarters about the quality of Barclays’ assets, but its bosses, John Varley and Bob Diamond, have proved one thing beyond doubt: they do not lack bottle.
They refused to take government cash, when their shares were in the dog-house; they then irritated shareholders by raising capital from Abu Dhabi’s sovereign wealth fund on favourable terms; but their latest coup takes the biscuit.
Yesterday’s decision to <a target=…
Source: Business Listings
More health and safety madness today from a Cornish pick-your-own strawberry field.
The Boddington family, which owns the 20 acre farm near Mevagissey, Cornwall, has decided to close down its pick-your-own fields after 40 years because it can’t afford to meet the demands of its insurers following an incident last year.
An eldery lady fel…
Source: Business Listings
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Thursday June 4
* Here are some things worth looking at today, on the 20th anniversary of the Tiananmen Square massacre.
- Shanghaiist has a photo showing what happened when CNN’s Beijing correspondent went to Tiananmen Square a couple of days ago.
- The New York Times talks to <a target=”_…
Source: Business Listings
Lord Mandelson was serious when he told me this morning that the revelations about MPs expenses was damaging the economy by hurting Britain’s reputation abroad.
The Business Secretary was speaking after a trade conference in London and, as we headed to a quiet corner for a brief interview, he asked me what I was up to: I naturally mentioned the Daily Telegraph’s coverage of <a href=”http://www.telegraph.co.uk/news/newstopics/mps-e…
Source: Business Listings
A copy of an extraordinary email exchange at Channel 4 awaits my return from a few days away. I afraid it’s about Aaqil Ahmed, who is leaving his commissioning role at Channel 4 for the top religious commissioning job at the BBC.
I say that I’m afraid it’s about him, because I thought I’d stopped writing about Mr Ahmed. I thought he shouldn’t get the job at the BBC because <a target=”_blank” href=”http://www.telegraph.co.uk/comment/columnists/georgepitcher/5314461/Questions-remain-…
Source: Business Listings
How many regulators does it take to prevent a financial crisis? This has the makings of a good joke, but I’m afraid I’m still working on the punchline (all suggestions gratefully received: please post below).
What is clear is that there is a bull market for regulators and supervisors of all hues. Almost all existing entities are adding staff - and boosting their fees accordingly: the Financial Services Authority just raised its fees to banks by 36 per cent to cover a…
Source: Business Listings
Depending on which numbers you believe, the US taxpayer will be paying at least $60 billion to bail out General Motors and Chrysler, and possibly up to about $120 billion. That’s if the restructurings work and they don’t need more money later.
Bankruptcies, job losses and pain are essential to the ending of this deep global recession. They are terrible blows for the employees and families dependent on the two car companies, including dealers and suppliers. But everyone knew th…
Source: Business Listings
Love this. Former England rugby captain Lawrence Dallaglio is becoming a pesto entrepreneur.
Drawing on his northern Italian roots - his father Vincenzo grew up in Turin - he has apparently found an old family recipe and teamed up with Italian food producer Sacla to create a new range that will be stocked …
Source: Business Listings
Anyone who really believes the credit crisis is over; that the bull market is back and that we are effectively back to the races may be in for a shock. Yes, an unprecedented amount of monetary and fiscal medicine has been thrown at the economy. Yes, economic growth may have passed its nadir. But real signs of recovery? No, the medicine is not working yet. Starting with quantitative easing.
