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Archive for the ‘Business’ Category

Ministers to set up inquiry into City regulation reforms

04.17.2012 · Posted in Business

[unable to retrieve full-text content] Treasury select committee wants reassessment of new powers for Bank of England and 45p tax rate An influential committee of MPs said it will open an inquiry into Treasury reforms of City regulation after it expressed fears that powers given to the Bank of England will influence the path of ...

Executive pay too high across top firms, not just banks, investors warn

04.16.2012 · Posted in Business

[unable to retrieve full-text content] F&C Investments is calling for bonus awards to be linked to a company’s financial strength One of the City’s biggest fund managers is calling on the leading banks in Britain to reform their pay practices amid concerns of a regulatory backlash against bankers’ pay. F&C Investments said it was contacting ...

Tullow Oil founder sees bonus doubled

04.16.2012 · Posted in Business

[unable to retrieve full-text content] Aidan Heavey gets 20% basic salary rise and potential bumper share payout despite shareholder concerns Aidan Heavey, founder of the FTSE-100 firm Tullow Oil, received a pay package of £4.4m last year – and is expected to see his pay jump further in future years after the exploration group’s non-executive ...

‘Nation of renters’ warning from estate agency chief

04.15.2012 · Posted in Business

[unable to retrieve full-text content] Generation aged 18-34 risks being priced out of market unless government helps housebuyers, says head of Countrywide The chief executive of the UK’s largest estate agent has renewed calls on the government to intervene in the housing market to prevent future generations being priced out of owning a home. Grenville ...

‘A million jobs for world’s poorest’ with UK cash boost for entrepreneurs

04.15.2012 · Posted in Business

[unable to retrieve full-text content] Funds to unblock commercial lending to 250,000 small businesses be announced at World Bank spring meeting The government’s attempt to use the private sector as an engine for development will move up a gear this week when the international development secretary, Andrew Mitchell, announces a plan to boost finance to ...

We must demonise junk food for the sake of our children | Dr Aseem Malhotra

04.14.2012 · Posted in Business

[unable to retrieve full-text content] We must educate children properly about nutrition if we are to stand a chance of altering the statistics on obesity A consultant psychiatrist friend, on his recent appointment to a new job, was so disgusted by the detrimental effect of the unchecked consumption of junk food on his patients’ health ...

Mining giant Glencore accused in child labour and acid dumping row

04.14.2012 · Posted in Business

[unable to retrieve full-text content] London-listed company denies polluting river in Congo and profiting from children working underground Glencore, the commodity and mining firm worth £27bn, stands accused in the Democratic Republic of Congo of dumping raw acid and profiting from children working 150ft underground. The revelations come as the notoriously secretive Swiss-based company, which ...

Capping tax relief for the rich is fair

04.13.2012 · Posted in Business

[unable to retrieve full-text content] Ignore the special pleading – the Treasury’s insistence that the wealthy pay tax on at least three-quarters of their earnings is a welcome step Shying away from talking about money used to be an ingrained characteristic of the British well-to-do – it was a grubby subject best left to tradespersons. ...

Strip clubs ‘hit high street growth’

04.13.2012 · Posted in Business

[unable to retrieve full-text content] Council chiefs warn that clusters of shops that prey on customers’ weaknesses undermine efforts to revive town centres Shops that prey on customers’ weaknesses such as strip clubs, bookies and kebab shops are blighting economic recovery on high streets, council chiefs warn on Saturday. They say such clustered outlets damage ...

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