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The great interest rate rip off part 10


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14 May 2014 Last updated at 20:20

 

 

UK jobless rate at five-year low_74846122_jobcentre.jpg

 

The UK's unemployment rate falls to a five-year low of 6.8% while the number of people in work rises to a record high, official figures show.

 

 

_74843776_74841523.jpgBank in no rush to raise rates

 

The Bank of England says the economy "has started to head back towards normal", but that interest rates "may stay at historically low levels for some time".

 

 

 

_74859820_74859556.jpgCable signals zero-hours re-think

 

The government is considering giving workers on zero-hours contracts the right to request fixed contracts, Vince Cable says.

 

 

 

Other Top Stories

 

 

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

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Bank of England in no rush to raise interest rates

 

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Mark Carney says there is enough spare capacity in the economy for interest rates to stay low, but adds that the time for rate rises is edging closer

2 Comments

Pfizer calls on UK scientists to support deal

 

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Pfizer's top scientist embarks on a whistlestop tour of Britain’s leading scientific figures to garner support for AstraZeneca deal

1 Comment

 

BBA: bonus clawbacks may be unenforceable

 

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Lobby group BBA responds to tough new proposals from the Bank of England that could see payouts taken back years after their award

Comment

UK jobs growth rises at fastest rate in 43 years

 

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Jobless number drops 133,000 to 2.2m as working population jumps to an all-time record

147 Comments

Cable: labour market is too flexible

 

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The Business Secretary says zero hours contracts "define the problem of insecurity" in the UK labour market, which is "too flexible"

14 Comments

China accuses Glaxo chief of ordering bribes

 

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Anti-corruption lawyer warns the fresh allegations raise "serious questions" for GSK

11 Comments

Sports Direct in talks to buy LA Fitness gyms

 

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Mike Ashley looks to move sports retailer into gym industry

Comment

Google names Eileen Naughton as UK chief

 

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US-based executive takes over a managing director of £3.6bn British business as Dan Cobley moves to pan-European brand role

1 Comment

Siemens CEO: I won't be forced into Alstom bid

 

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Segolene Royal, the French energy ministers and ex-partner of President Francois Hollande, has backtracked on her support for GE's takeover offer for Alstom

 

3i: asset inflation making investments 'tricky'

 

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Private equity group behind Hobbs and Agent Provocateur says it has to be 'patient and disciplined' when making acquisitions

1 Comment

McVey: welcomes 'positive' unemployment figures

 

 

 

Bank of England Inflation Report: as it happened

 

 

 

 

Carney: 'economy heading to normal'

 

 

 

 

BoE to keep interest rates at record low for another year

 

 

 

 

Norway teaches Britain how to choke house booms

 

BoE and the perils of 'spurious precision under pretence of knowledge'

 

Our recovery is at risk from British arrogance and delusion

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

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Share on other sites

How to Turn Renters Into Savers

 

By JOSH BARRO

 

Owning a home nudges people to set aside money for the future, but a mortgage doesn’t have to be the only vehicle that encourages saving.

 

15up-housing-sfSpan.jpg

Edel Rodriguez

 

 

 

 

 

15times-thumbStandard-v2.jpg

The New York Times Replaces Abramson as Executive Editor

 

By RAVI SOMAIYA 2:32 PM ET

 

Jill Abramson, who took over the newsroom in 2011, will be replaced by Dean Baquet, the newspaper’s managing editor.

 

DealBook

 

SUBCITI-thumbStandard.jpg

Citigroup Says It Has Fired 12 in Mexico Over Fraud

 

By MICHAEL CORKERY and ELISABETH MALKIN 11:30 AM ET

 

The bank fired 12 employees, including some senior executives, in connection with a $400 million fraud involving a Mexican oil services company.

 

 

Former Head of GlaxoSmithKline in China Is Accused of Bribery

 

By DAVID BARBOZA

 

The Chinese authorities said Mark Reilly, a Briton, had ordered his subordinates to form a “massive bribery network.”

 

Doubts Raised About Off-Label Use of Subsys, a Strong Painkiller

 

By KATIE THOMAS

 

The drug was approved in 2012 for cancer patients, but has since become an outsize moneymaker for Insys Therapeutics and has been prescribed more widely.

 

 

14airbnb-web1-thumbStandard-v2.jpg

A Victory for Airbnb in New York

 

By NICK WINGFIELD

 

The apartment-sharing service’s victory may be short-lived, as the state attorney general said he would address the court’s concerns in a new subpoena.

 

 

DealBook

 

dbpix-citizens3-thumbStandard.jpg

Heading Out on Its Own, Citizens Bank Faces a Tough Climate

 

By RACHEL ABRAMS 10 minutes ago

 

The Royal Bank of Scotland is sending Citizens Bank on its own into an industry that is struggling with low interest rates and slow loan growth.

 

14erase-web2-thumbStandard-v2.jpg

European Court Lets Users Erase Records on Web

 

By DAVID STREITFELD

 

The European Court of Justice said search engines like Google should allow users to be “forgotten” after a certain time by erasing links to web pages unless there are “particular reasons” not to.

 

 

 

 

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

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Link to post
Share on other sites

Breaking news

 

 


 

 

 

 

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

Carphone Warehouse and Dixons confirm all-share merger of equals

 

 

 

Alliance Boots climbs on Walgreens tie-up

 

 

 

 

Egypt riots hit Thomas Cook

 

 

 

 

AstraZeneca takeover: Science Minister David Willetts warns 'bigger not always better'

 

 

 

 

France announces new powers to block foreign bidders in battle for Alstom

 

 

 

 

Bank of England sees 'no housing bubble'

 

 

 

 

Bank of England bomb scare: Abandoned car causes chaos in heart of the City

 

 

 

 

ECB under pressure to act after Euro Zone GDP disappoints

 

 

 

 

HSBC climbs down over massive bonuses after shareholders protest

 

 

 

 

AstraZeneca takeover: Science Minister David Willetts demands longer Pfizer jobs pledge

 

 

 

Short-term cures without heed to ethics have long-term side effects

 

 

 

 

Why Pfizer's numbers don't add up to 20% of anything

 

 

 

 

Unemployment falls, but wages refuse to rise

 

 

 

 

Jim Armitage: All quiet on the JKX front after stalled coup

 

 

 

 

AstraZeneca good, Pfizer bad? It's not as simple as that, unfortunately

 

 

 

 

James Moore: Stock market float may be a big hitter for RBS's US arm

 

 

 

 

James Moore: AGMs to tackle worker disputes is smart move

 

 

 

 

Chris Blackhurst: 'Aggressive' tax avoidance? It's time for politicians to stop offering soundbites and send out hefty bills

 

 

 

 

With Barclays in its sights, can the SFO deliver?

 

 

 

 

Satyajit Das: This is not a credit bubble, we are told. But it certainly looks like one

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

SAP to cut between 1,500-2,500 jobs as cloud takes over

 

6:55pm BST

 

RP Martin fined $2.3 million over Libor scandal

 

6:48pm BST

 

European absence to cost Man United 30 million pounds

 

Sport 6:40pm BST

 

Barclays to issue at least $1 billion of CoCos under swap offer

 

6:29pm BST

 

Asda says stems loss of shoppers to discounters

 

6:17pm BST

 

Dixons and Carphone agree 3.8 billion pound retail merger

 

UK 5:52pm BST

 

Eli Lilly loses UK Alimta patent case to Actavis

 

5:50pm BST

 

Euro zone first-quarter growth disappoints, puts pressure on ECB to act

 

5:49pm BST

 

German finance minister contradicts IMF chief on monetary policy

 

IMF 5:49pm BST

 

Pfizer move on Astra threatens UK science, MPs say

 

5:40pm BST

 

AstraZeneca and UK Medical Research Council launch fund

 

5:39pm BST

 

Lloyds Bank no plans yet to leave an independent Scotland

 

UK, David Cameron 5:30pm BST

 

B&M set to announce 2 billion pound share listing next week

 

5:19pm BST

 

FTSE retreats from 14-year high, led by airlines

 

FXpert, Aerospace & Defence 5:12pm BST

 

Private equity returns hit 11.8 percent in Europe on buyout frenzy - data

 

4:27pm BST

 

Sweden's finance minister says ready to hear Pfizer out on Astra bid

 

4:14pm BST

 

Promising cancer drug data helps AstraZeneca in Pfizer fight

 

3:49pm BST

 

UK appoints former White House adviser as Bank of England rate-setter

 

3:43pm BST

 

Diageo says it wants more tequila, aguardiente

 

3:30pm BST

 

Etihad plan sees Alitalia returning to profit by 2017 - source

 

Aerospace & Defence 3:11pm BST

 

France grabs for power over Alstom future with new takeover law

 

2:35pm BST

 

Lost flight MH370 tips Malaysian Airlines into worst quarter in over two years

 

Aerospace & Defence 2:30pm BST

 

GSK executive caught off-guard by China graft charges - sources

 

2:18pm BST

 

London Metal Exchange gets permission to appeal warehouse ruling

 

2:14pm BST

 

Man United says European absence to cost more than 30 million pounds

 

Sport 1:45pm BST

 

Wal-Mart's Asda returns to like-for-like sales growth

 

1:18pm BST

 

IMF warns on targets as French economy hits a wall in First-quarter

 

1:12pm BST

 

Alliance Boots says benefits from working with Walgreen

 

1:07pm BST

 

Lloyds Bank not planning move from independent Scotland

 

UK 1:05pm BST

 

Eli Lilly loses Alimta patent case to Actavis

 

12:58pm BST

 

Wal-Mart profit falls 5 percent as severe winter deters shoppers

 

12:18pm BST

 

Wal-Mart's Asda returns to like-for-like sales growth in first quarter

 

12:17pm BST

 

IMF sees major risks to French savings drive

 

IMF 12:06pm BST

 

Lloyds Bank CEO: paying dividends will restore confidence

 

11:51am BST

 

EU's emerging economies shine in first-quarter, shrug off Ukraine

 

11:39am BST

 

Moves to cool UK housing market may slow pound's rise, not reverse it

 

UK 11:35am BST

 

Alliance Boots makes more synergies with Walgreens

 

11:22am BST

 

Euro zone's first quarter GDP growth disappoints, inflation in 'danger zone'

 

11:06am BST

 

ECB working on many policy tools ahead of June meeting - Mersch

 

11:05am BST

 

France boosts say on GE bid for Alstom with takeover law

 

10:03am BST

 

London Stock Exchange posts 50 pct revenue increase

 

UK 9:39am BST

 

Banks vie for fees as Nordic deal scene ignites

 

9:37am BST

 

French economy flat in first quarter, targets in doubt

 

9:32am BST

 

EU's Almunia: Pfizer has not discussed AstraZeneca bid with regulators

 

9:30am BST

 

Good cancer drug data helps AstraZeneca in Pfizer fight

 

9:29am BST

 

Barclays' Asia investment bank head steps down amid global shake-up

 

9:20am BST

 

Aviva sees volatile life business in UK

 

UK, 9:16am BST

 

Italy first quarter GDP declines unexpectedly

 

9:13am BST

 

Global stocks inch higher, euro falls on ECB easing bets

 

FXpert, 9:07am BST

 

Suntory sees sales doubling to $40 billion by 2020 with Beam addition

 

7:23am BST

 

BoE's Broadbent sees no UK mortgage boom

 

UK, 6:57am BST

 

Japan first quarter growth hits over two-year high, capex surprisingly strong

 

Japan 6:07am BST

 

Malaysian Airlines plans next reboot to tame costs, regain market share

 

Aerospace & Defence 5:53am BST

 

AT&T turns to Lazard for advice on DirecTV deal - sources

 

3:36am BST

 

Sony vows deeper restructuring, warns of another loss this year

 

3:16am BST

 

Japan first quarter growth fastest in more than 2 years before tax hike

 

Japan 1:51am BST

 

Google gets take-down requests after European court ruling -source

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

15 May 2014 Last updated at 19:50

 

 

Merger deal hits Dixons and Carphone_74865041_dixonscarphone.gif

 

Shares in Dixons Retail, the owner of Currys and PC World, and mobile phone retailer Carphone Warehouse fall sharply after the firms announce a £3.8bn merger deal.

 

 

_74876188_gm.logo.g.jpgGM recalls 2.7 million more cars

 

General Motors announces the recall of a further 2.7 million cars, most of which have brake light defects.

 

 

 

_74886671_protest.jpgFast food worker protests spread New

 

US fast food workers join counterparts in countries including Indonesia, France, and Brazil to stage a global walk-out in protest about wages and conditions.

 

 

 

Other Top Stories

 

 

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

Dixons and Carphone merge to create 'retailer for the digital age'

 

dixonscarphone_2832402g.jpg

UK companies agree £38bn 'merger of equals' to create leading European electricals retailer

 

Lloyds: Scottish vote creating 'uncertainty'

 

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Chairman of bank says it currently has no plans to move south but says independence is a potential 'risk'

11 Comments

Sluggish eurozone growth fuels recovery fears

 

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Eurozone expands by just 0.2pc in the first three months of the year, in a sign that the 18-nation bloc's nascent recovery has lost some traction

145 Comments

Pfizer bid is 'threat to UK science', MP warns

 

David-Willetts-_2897489g.jpg

Andrew Miller, chairman of the Science & Technology Select Committee has written to David Willetts warning him he's "not convinced" that the £63bn pharmaceutical megadeal is in the UK's interests

5 Comments

Kristin Forbes to replace Broadbent on MPC

 

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Kristin Forbes, a former economic adviser to former US president George W. Bush, will join the Bank of England this summer

 

Card Factory to raise £90m on stock market

 

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Greetings card company is the latest company to list at the bottom of its price range

2 Comments

Boots: we are one of the UK's biggest taxpayers

 

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Bosses at Alliance Boots defend company's tax affairs

12 Comments

Brit convicted of $14m HP fraud

 

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Mark Allan James faces multiple 20-year prison terms and multiple fines of as much as $500,000

 

Marston's toasts improvement in economy

 

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Pubs group and brewer says economic conditions are finally improving outside the London bubble

Comment

TalkTalk reaches 1m television customers

 

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Broadband operator reaches reaches one million television customers as sales rise and profits fall on investment in service

 

 

Modi's Thatcherite talk cannot restore India's flagging fortunes

 

Pfizer's move for Astra shows Brits fear Americans as much as they envy them

 

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The alternative to an AstraZeneca takeover is not business as usual forever. The pharmaceuticals industry is in the middle of a wave of consolidation

Comment Young people: want a job in the grocery sector?

 

 

 

 

Japan's growth strongest in over two years

 

 

 

 

Modi's Thatcherite talk cannot restore India's flagging fortunes

 

 

 

 

Bank of England in no rush to raise interest rates

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

F.C.C. Votes to Move Ahead on Net Neutrality Plan

 

By EDWARD WYATT 1:55 PM ET

 

 

The Federal Communications Commission voted 3-2 to invite public comment on a set of rules aimed at guaranteeing an open Internet.

 

 

 

 

net-neutrality-explainer-custom1.jpg

playbutton_arrow.png

 

How Net Neutrality Works(2:53)

 

 

 

 

 

16recall-web1alt-thumbStandard.jpg

G.M. Recalls Another 2.7 Million Vehicles

 

By BILL VLASIC and CHRISTOPHER JENSEN 11:27 AM ET

 

The five new recalls are for a variety of problems, including one for brake lights that might not illuminate in its Chevrolet Malibu midsize cars.

 

Times Issues Response on Abramson Pay

 

By LESLIE KAUFMAN 2:19 PM ET

 

Arthur Sulzberger Jr., The New York Times’s publisher, denied that a disparity in Jill Abramson’s pay compared with predecessors figured in her being replaced.

 

 

16retail-web1-thumbStandard.jpg

Stung by Weather, Walmart’s Profit Falls 5%

 

By ELIZABETH A. HARRIS 9:49 AM ET

 

The retailer said that its domestic sales were essentially flat.

 

DealBook

 

dbpix-chipotle-thumbStandard.jpg

Chipotle Investors Vote Against Executive Pay

 

By DAVID GELLES 1:58 PM ET

 

More than 75 percent of investors voted against Chipotle’s say-on-pay measure, the highest vote against any such policy among the United States’s largest 3,000 companies this year.

 

 

April Consumer Price Rise Points to an Economic Upswing

 

By NELSON D. SCHWARTZ 12:22 PM ET

 

The 0.3 percent increase last month suggests that Federal Reserve policy makers can begin raising short-term interest rates in the middle of 2015.

 

16euecon-web1-thumbStandard.jpg

Euro Zone Economy Grows More Slowly Than Expected

 

By DAVID JOLLY

 

Gross domestic product in the 18 nations rose 0.2 percent in the first quarter of this year, as Germany helped make up for France and Italy.

 

 

 

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

http://davidstockman...a-will-implode/

 

Occasionally a picture is worth a thousand words, and here’s one buried in a Financial Times story on China’s rapidly deteriorating housing market. It seems that during the two-year period 2011-2012, which was the peak of China’s much praised “aggressive” stimulus response to the Great Recession in the DM world, China consumed more cement than did the United States during the entire 20th century!

 

That astounding fact needs to sink in, and it is a fact—blessed by the U.S. Geological Survey. Stated differently, imagine the whole urbanization and suburbanization of America over 100 years; the building of all the office towers, skyscrapers and malls which festoon thousands of city landscapes from coast-to-coast; the building of all the great public works of the 20th century including likes of the Hoover,TVA and Grand Coulee dams and all the Army Corps locks, dams, navigation and flood control projects; the Interstate Highway system and all the derivate highways and suburban sprawl which came with it; all the stadiums, auditoriums, airports, bus and train stations, subways and parking lots that have ever been built in America; and keep imagining because the underlying proposition is itself scarcely imaginable:

 

Here’s the thing. You can’t look at China’s entirely doctored and goal-seeked GDP accounts and have any understanding of the thundering collapse which will actually occur when the building boom ends. The idea that fixed asset investment at 50% of GDP is just some kind of economic ratio that the comrades in Beijing can shimmy down to normality–say 25% which is still high by every other economy in the world—fails to comprehend what China’s economy really is. That is, its a continent-wide construction project in which everything flows into obtaining, moving, fabricating and erecting infrastructure—both public and private, retail and industrial.

 

So when the building stops because the inflated prices of real estate are collapsing and credit expansion can no longer prop up the bubble, the implosion will be thunderous. Cement production could drop from 2 billion tons per year to 500 million; rebar consumption would crater proportionately; industrial fleets of cement trucks and steel haulers would lie idle; demand for tires, engine parts and truck fuel would vaporize; vendors of all the services that support this gigantic flow of cement and steel will be out of business; they empty apartment “investments” held by their owners will be worthless.

 

China%20Cement.jpg

 

 

I have no idea how accurate this claim is, if it is when this bubble pops the fall out is going to be huge.

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

Breaking news

 

 


 

 

 

 

 

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

Deutsche Bank boss’ video message to traders: ‘Stop being boastful and vulgar’

 

Colin Fan told employees he had 'lost patience' with their behaviour

 

Co-op faces D-day ahead of AGM

 

 

 

 

Richard Branson in line for £110m French Virgin Mobile windfall

 

 

 

 

AstraZeneca takeover: Cameron 'must intervene' in Pfizer's bid

 

 

 

 

E.ON to pay back record £12m over mis-selling

 

 

 

 

Boots' £2m tax bill: 'We don't have to justify ourselves'

 

 

 

 

E.on forced to pay back more than £12m to 33,000 customers

 

 

 

 

Exclusive: Pfizer chiefs sold £15m of their own shares weeks before bid

 

 

 

 

Lloyds admits nothing's safe in Scotland – jobs or sterling

 

 

 

 

Carphone weds again – and 'this time it's for life'

 

 

 

Mark Leftly: Suspend all your disbelief and the drug chiefs' claims are compelling

 

 

 

Short-term cures without heed to ethics have long-term side effects

 

 

 

 

Why Pfizer's numbers don't add up to 20% of anything

 

 

 

 

Unemployment falls, but wages refuse to rise

 

 

 

 

Jim Armitage: All quiet on the JKX front after stalled coup

 

 

 

 

AstraZeneca good, Pfizer bad? It's not as simple as that, unfortunately

 

 

 

 

James Moore: Stock market float may be a big hitter for RBS's US arm

 

 

 

 

James Moore: AGMs to tackle worker disputes is smart move

 

 

 

 

Chris Blackhurst: 'Aggressive' tax avoidance? It's time for politicians to stop offering soundbites and send out hefty bills

 

 

 

 

With Barclays in its sights, can the SFO deliver?

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

Exclusive: EU may challenge $8.7 billion U.S. tax breaks in Boeing-Airbus trade dispute - sources

 

Aerospace & Defence 6:48pm BST

 

Abbott to buy Latin American drugmaker CFR in $2.9 billion deal

 

5:55pm BST

 

FTSE edges higher to end near 14-year peak

 

FXpert, 5:34pm BST

 

Bunzl ready to pounce in India when time is right

 

5:28pm BST

 

UK companies spoilt for choice on funding - treasurers

 

5:06pm BST

 

Cars could drive themselves sooner than expected after European push

 

4:25pm BST

 

Legal claims over RBS cash call near 4 billion pounds

 

4:13pm BST

 

Exclusive - EU regulators set to okay Hutchison, O2 Ireland deal: sources

 

4:12pm BST

 

Opel factory closure to cost more than 550 million euros - sources

 

4:01pm BST

 

Dow Jones wins injunction against Ransquawk over 'hot news'

 

3:57pm BST

 

Abbott to buy Latin American drugmaker CFR in $2.9 billion deal

 

3:55pm BST

 

Exclusive: German industry sees 'irreparable damage' from Russia sanctions

 

3:30pm BST

 

Sweden fights back as Pfizer move on Astra threatens jobs

 

2:59pm BST

 

M&S's three-year plan to end with third straight fall in profit

 

2:18pm BST

 

Hutchison sees few upstart Austrian carriers in 2014

 

2:07pm BST

 

Labour's rent controls hit housing investment, UK property firms warn

 

UK 2:07pm BST

 

Orange-Bouygues talks revive French telecoms merger debate

 

12:17pm BST

 

Portugal exits bailout poorer and long way from recovery

 

11:50am BST

 

Numericable in exclusive talks to buy Virgin Mobile France

 

11:14am BST

 

South Africa's strike-hit Implats says violence is 'devastating'

 

Africa 11:03am BST

 

E.ON UK to pay record 12 million pounds compensation for mis-selling

 

UK, 10:05am BST

 

TUI AG eyeing expansion in holiday cruises and hotels

 

10:03am BST

 

Lost flight MH370 tips Malaysian Airlines toward another year in red

 

Aerospace & Defence 10:01am BST

 

Wells Fargo sets up in Aberdeen as part of UK expansion

 

9:55am BST

 

Supermarkets keep FTSE buoyant as doubts over frothy equities mount

 

FXpert 9:45am BST

 

Peugeot China venture recalls 162,913 cars to fix defective valves

 

9:18am BST

 

Credit Suisse nears $2.5 billion settlement to end tax-evasion probe - sources

 

8:45am BST

 

European new car registrations up 3.6 percent in April - ACEA

 

7:58am BST

 

Carphone agrees sale of Virgin Mobile France to Numericable Group

 

7:42am BST

 

GSK case a 'warning' to all foreign firms in China: Xinhua

 

UK 5:23am BST

 

Mexico's Cemex taps insiders for new CEO, Chairman roles

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

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16 May 2014 Last updated at 18:08

 

 

General Motors fined $35m over recall_74916459_97376870.jpg

 

The US government fines General Motors $35m(£20.8m) for delays in recalling small cars with faulty ignition switches.

 

 

_74897238_eon.logo.g.jpgRecord £12m penalty for energy firm

 

Energy giant E.On is to pay out £12m to its customers following an investigation into mis-selling by the industry regulator.

 

 

 

_74905896_73406411.jpgEuropean car sales rise 4.6% in April

 

Sales of new cars in the Europe Union (EU) have risen 4.6% in April compared to the same month a year earlier figures show.

 

 

 

Other Top Stories

 

 

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

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EU exit could plunge Britain into another economic crisis

 

europe-flag_2460727d.jpg

Economists describe a British exit as a "very risky gamble" that will cost jobs, reduce investment and make goods more expensive for households

E.On to pay record £12m mis-selling penalty

 

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Ofgem, the industry regulator, found the energy supplier broke rules on sales for three years

 

 

Autodata sold to Bowmark for £150m

 

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Car data provider understood to have agreed deal with private equity owner of Las Iguanas restaurant chain after intensely competitive process

Comment

Ex-England goalkeeper declared bankrupt

 

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David James, who was said to have earned £20m in his 25-year career, is reported to have built up debts following a costly divorce

 

Boot would struggle to buy Co-op Pharmacy

 

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Competition watchdog expected to raise concerns over Alliance Boots's purchase of 750 pharmacies as clutch of private equity groups show interest

Comment

'GSK case could cause irreparable damage'

 

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Chinese state news agency says allegations against British drugmaker serve as "a warning" to other foreign firms

4 Comments

FTSE 100 marks time as global sell-off stalls

 

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Supermarket sector buoys London shares as worries over global growth weigh on markets

 

Recovery stalls in Europe as austerity grinds on

 

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ECB needs to launch "shock and awe QE" to arrest slump in eurozone, says think tank

156 Comments

 

Lloyds: Scottish vote creating 'uncertainty'

 

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Chairman of bank says it currently has no plans to move south but says independence is a potential 'risk'

 

Murdoch deal set to redefine TV industry

 

 

 

 

 

Market 'will pause' post India election

 

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Video Following Narendra Modi's landslide victory for the Bharatiya Janata Party in India's national elections, how will the market be affected?

Comment Why Europe threatens Britain’s recovery

 

 

 

 

France creates powers to block foreign takeovers

 

 

 

 

Pfizer's move for Astra shows Brits fear Americans as much as they envy them

 

 

 

 

Young people: want a job in the grocery sector?

 

 

 

 

Why Europe threatens Britain's recovery

 

Why doesn't HMRC ask for exact buy-to-let details?

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

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Share on other sites

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

Breaking news

 

 

 

 

 

 

 

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

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Share on other sites

Co-op members vote in favour of reform

 

Co-operative Group chair Ursula Lidbetter said it was 'a highly significant moment' for the group

 

Boots fights corporate raider Guy Hands for £600m Co-op pharmacies

 

 

 

 

AstraZeneca bosses spent on shares after spurning Pfizer bid

 

 

 

 

Sir Martin Sorrell's WPP joins pay revolt as Kentz and Chime feel the anger of shareholders

 

 

 

 

Esure founder Peter Wood backs luxury builder

 

 

 

 

Deutsche Bank boss’ video message to traders: ‘Stop being boastful and vulgar’

 

 

 

 

E.on forced to pay back more than £12m to 33,000 customers

 

 

 

 

Co-op faces D-day ahead of AGM

 

 

 

 

Richard Branson in line for £110m French Virgin Mobile windfall

 

 

 

 

AstraZeneca takeover: Cameron 'must intervene' in Pfizer's bid

 

 

 

James Ashton: Carphone Warehouse and Dixons Retail - another unequal marriage?

 

My Week

 

James Ashton: Britain could do with the EU's internal markets brief

 

 

 

 

James Ashton: Why the housing market hasn't been reined in

 

 

 

 

Jim Armitage: Malaysia Airlines handled the Flight 370 tragedy dismally. Now it lacks the will to rescue the company's finances

 

 

 

 

Jim Armitage: 'Modinomics' in India has helped growth, but not for all

 

 

 

 

Mark Leftly: Suspend all your disbelief and the drug chiefs' claims are compelling

 

 

 

 

Short-term cures without heed to ethics have long-term side effects

 

 

 

 

Why Pfizer's numbers don't add up to 20% of anything

 

 

 

 

Unemployment falls, but wages refuse to rise

 

 

 

 

Jim Armitage: All quiet on the JKX front after stalled coup

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

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Share on other sites

17 May 2014 Last updated at 04:37

 

 

Co-op approves governance shake-up_74927637_cef51363-7393-4387-b4bb-5c49275d818f.jpg

 

Members of the Co-op vote in favour of sweeping reforms to the way the group is managed, following a series of failures at the organisation.

 

 

_74916459_97376870.jpgGeneral Motors fined $35m over recall

 

The US government fines General Motors $35m(£20.8m) for delays in recalling small cars with faulty ignition switches.

 

 

 

_74921505_afp018725799.jpgIrish debt upgraded by Moody's

 

The credit rating agency Moody's improves its outlook for Ireland's debt, grading the country as "stable", due to an increase in economic growth.

 

 

 

Other Top Stories

 

 

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

Co-op chief warns it will take five years to steady the mutual

 

C7XPRJ-co-op_2885016d.jpg

Richard Pennycook promises sweeping reforms after members approve for wholesale change at annual meeting

18 Comments Narendra Modi urged to end India tax rows

 

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Outgoing Cairn Energy chairman Sir Bill Gammell says country needs to become more friendly for investors

Comment

 

Apple and Google end smartphone litigation

 

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Technology giants settle string of lawsuits over phone operating systems

2 Comments

Savers could be innocent victims of investigations into tax affairs

 

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HMRC investigations into savers' finances double amid concerns innocent mistakes on self-assessment tax returns may be punished

451 Comments

Britons face lifetime of mortgage debt

 

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Proportion of borrowers who took out mortgages for terms of 30 years or more hit an all time high in the first quarter, figures show

28 Comments

EU exit could plunge UK into another crisis

 

europe-flag_2460727g.jpg

Economists describe a British exit as a "very risky gamble" that will cost jobs, reduce investment and make goods more expensive for households

 

Ex-England goalkeeper declared bankrupt

 

David_James_1684050g.jpg

David James, who was said to have earned £20m in his 25-year career, is reported to have built up debts following a costly divorce

 

Boots would struggle to buy Co-op Pharmacy

 

co-oppic_2824910g.jpg

Competition watchdog expected to raise concerns over Alliance Boots's purchase of 750 pharmacies as clutch of private equity groups show interest

6 Comments

Direct investors lose £100m a year

 

PF-fund-cartoon_1692705g.jpg

You would expect to pay more using a middleman but some of Britain’s best known fund managers reserve their highest charges for direct customers

 

 

Investor nervousness raises questions over the recovery

 

Bank of England’s 'slack' approach leaves economy at risk

 

Ken Rogoff warns China is next bubble to burst

 

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The expert who predicted the US housing crisis fears slump of rival superpower

Comment Britain should stay in the EU, and reform it

 

 

 

 

Taxing questions

 

 

 

 

Market 'will pause' post India election

 

 

 

 

Why Europe threatens Britain’s recovery

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

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