By Geoff Foster PUBLISHED: 16:05 EST, 11 May 2012 | UPDATED: 16:05 EST, 11 May 2012 Xavier Rolet, a French trainer of a London Stock Exchange, got a gorilla or ‘singe’ off his behind in Mar by finally thrashing out a understanding to buy 60 per cent of clearing residence LCH.Clearnet for £677m. It helped [...]
Archive for finance news
Bank of England halts quantitative easing over fears of high inflation
By Hugo Duncan PUBLISHED: 15:50 EST, 10 May 2012 | UPDATED: 16:17 EST, 10 May 2012 Enlarge The Bank of England yesterday called time on a money-printing programme as worries over high acceleration trumped concerns about a double-dip recession. The financial process cabinet voted opposite some-more quantitative easing, carrying already pumped £325bn of puncture [...]
MARKET REPORT: Gulf is discerning to stifle rumours
By Geoff Foster PUBLISHED: 15:50 EST, 10 May 2012 | UPDATED: 16:17 EST, 10 May 2012 Gulf Keystone Petroleum’s chief executive Todd Kozel is after those online saboteurs who have been posting insulting and wrong comments about a London-listed oil and gas explorer. The conduct of a Kurdistan-focused explorer, a favourite of sell investors, is [...]
Administration for Clinton Cards over debts of £35m
By Rupert Steiner PUBLISHED: 16:15 EST, 9 May 2012 | UPDATED: 16:15 EST, 9 May 2012 Clinton Cards is a latest retailer to fall into administration after an extraordinary day in that a categorical supplier bought £35million of a debt and promptly called in a loan. Britain’s biggest greeting card sequence had already fallen foul [...]
Queen’s Speech fails to compensate off for shareholders
By James Salmon and Hugo Duncan PUBLISHED: 16:15 EST, 9 May 2012 | UPDATED: 17:03 EST, 9 May 2012 The Queen avoided a grubby issue of arching fat cat compensate in her debate to Parliament yesterday, despite a flourishing backlash from shareholders. Laying out a Government’s legislative programme, she reliable skeleton to introduce tougher measures [...]
Rics: House sales swell runs out of steam as stamp avocation holiday ends
By Lee Boyce PUBLISHED: 07:16 EST, 8 May 2012 | UPDATED: 18:24 EST, 8 May 2012 The swell of residence sales in a initial few months of a year has slowed following a finish of a stamp avocation holiday for first-time buyers, investigate has found. According to a Royal Institution of Chartered Surveyors (RICS), a [...]
Banks close adult your money for months, excellent we for holding it out
By Dan Hyde PUBLISHED: 17:52 EST, 8 May 2012 | UPDATED: 18:40 EST, 8 May 2012 Legions of savers are being trapped on pitiable rates after descending chase to banks and building societies unfortunate to reason on to their cash. Millions of pounds has been left grieving on these bad deals with savers incompetent to [...]
Mixed signals from US economy dent stock market confidence
By Simon Watkins PUBLISHED: 16:12 EST, 5 May 2012 | UPDATED: 16:21 EST, 7 May 2012 Second-guessing the economic growth figures has become a national pastime. Since the first estimate of Britain’s GDP in the first quarter came out 11 days ago, there has been a flurry of opinions on whether we really are in [...]
Plans to split retail banking and investment banking to be formally unveiled in Queen’s Speech
By Rob Davies PUBLISHED: 16:06 EST, 6 May 2012 | UPDATED: 16:06 EST, 6 May 2012 Plans to split retail banking and investment – or ‘casino’ – banking are to be formally unveiled in the Queen’s Speech this week. The Government will use the monarch’s annual address to reveal its plans to implement recommendations made [...]
Cheaper euro holidays: How a crisis on the Continent is bringing cheer to British travellers
By Jo Thornhill PUBLISHED: 16:18 EST, 5 May 2012 | UPDATED: 16:18 EST, 5 May 2012 The eurozone’s woes are good news for British holidaymakers heading to France, Italy or Spain. The exchange rate with the pound is the best for almost two years at £1 to 1.19 euros. An order of 1,000 euros (£834) [...]