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    • Hello I am a resident of a communal block of flats owned by a Housing Association and since Tuesday 14th May 2024 Matthews and Tannert had put up scaffolding for a job on the roof last week, which was up for the best part of nine days. They had removed the scaffolding on Thursday 23rd May 2024 but my Sky box is still not working because of the satellite dish outside, and I was wondering whether the scaffolders had touched the dish while it was there and as a result had probably knocked the dish and probably made the dish go out of signal or whatever. I needed someone to check this out as well as to see my Sky box to see what could be the problem, and hopefully sort this out. I have had my Sky Digibox for many years and I have got recordings saved on them that I have had a long time - it would break my heart if I had lost them forever.       I contacted Sky but I almost made the mistake of accepting an offer where I would have to pay £31.50 and wait a whole month without television in my front room for it. I am in debt at the moment and I don't want all this on top of everything else - thankfully I have since cancelled it two weeks later when I told the person on the phone that it is the dish which is at fault as well as the fact that I live in a communal Housing Association property, and so that is one of very few weights off my mind. I emailed the Housing Association's Repairs department and they said that they will contact an electrical company to come out and see to the dish outside. I received a telephone call on Friday 24th May from the man to say that he will arrive on Wednesday 29th May 2024 to do the job. He arrived at around 9.40 am on Wednesday as promised; he went into my flat and had a look at the Sky box and saw the blue screen on my front room TV set, indicating no signal. He also looked outside as to where the dish was.  The main problem was that the ladders that he had with him were not enough to reach the dish outside as the dish was towards the top of the building - obviously the Health and Safety aspect of the job didn't allow him to do this. He then mentioned that whether he could do the job as a result of getting onto the roof and doing it like that as the dish is closer to the top. He said that he needed the key to enter the loft part of the building in order to reach this, and he needed to contact the Housing Officer at the Housing Association who had key to this, but lo and behold, he came on the Wednesday to do the job, and guess what? Wednesday was the Housing Officer's day off and so therefore he was unable to contact him for the key so that he could do the job! I just couldn't believe it myself. I am personally annoyed because this has not been sorted, and the man who came to do this is also annoyed because he came all the way to Nottingham from Peterborough, and he said to me that he won't get paid if he cannot do the job, so you see, we are both angry about this for different reasons. We are both in the same boat with regards to frustration, and we both want to see a conclusion to this, once and for all. Sometimes I wish that I didn't live in a flat which is in a communal building and I am thinking of getting a transfer to a one bedroom flat that isn't in that sort of place. I pay around £85 a month in a Direct Debit to Sky to receive their TV services which I cannot use at the moment, and I don't have much money in my bank account as it is due to one thing and another. I also pay nearly £14 a month to TV Licensing so that I can legally watch TV in my front room. I pay for Sky hence the fact that I want the Sky service in my front room and not Freeview. Also, as the General Election is coming up in five weeks' time, I want the satellite TV to be working properly so that I can catch up with what is on the news channels, and I feel rather "cut off" from that at the moment, and I want it working in time for Thursday 4th July 2024 for ovbious reasons . I have Freeview in my bedroom, but that is not the point  - I don't want to be limited to my bedroom every time I want to watch TV. I have tried putting the Freeview in te front room but it doesn't seem compatable for the same uses that I usually have Sky for.  Sunday 9th June 2024 is Day 27 of the satellite TV not working in my flat, and I feel that something needs to be done about this. You can take this message as a complaint if you like, but nevertheless, I want this message to be acknowledged and also something to be done about what has happened. I have enough on my plate with regards to health problems and depression without things like this making things worse. I would appreciate it if something was done.  I don't like naming and shaming but it is Matthews and Tannert's fault that I am in this situation in the first place, and sometimes I wish that I could sue them. In a nutshell, I have had more than enough after being without TV in the my front room for nearly four weeks. Also, at a time like this, I am missing so much of interest on TV what with the General Election comning up in just a few weeks.
    • There's no facility for a settlement "out of court" as such. But matters that are started under the "Single Justice" (SJ) Procedure can often be concluded without the defendant appearing. The SJ procedure, as the name suggests, involves a single magistrate, sitting in an office with a legal advisor, dealing with matters "on papers" only. Nobody else can attend. The SJ deals with straightforward guilty pleas. Anything where the SJ believes the defendant should appear, or which should be dealt with by the "ordinary" court are adjourned o a hearing in the normal magistrates'  court .As well as this, all defendants have the right to a hearing in the normal court if they wish. Nobody is forced to have their case heard under he SJP.  In particular, as far as traffic matters go, a SJ will not disqualify a driver and if a ban is to be considered, the case will be passed over to the normal court. Because, following your SD, you will be pleading Not Guilty (and offering the "deal"), your case would usually be heard in the normal court, meaning a personal appearance. To be honest, performing your SD at the court is a more straightforward way of doing things. It avoids any possible hitches involved in serving he SD on the court. But of course, as I said, most courts have backlogs which mean an SD may not be quickly accommodated. If you do end up doing your SD before a solicitor, check with them the protocol for serving it on the court. Do let us know what the solicitor says about Wednesday.    
    • Welcome to posting on CAG cabot, people will be along soon to help you try to sort this out. Please complete this:  
    • Quotes of the day penny mordaunt came out swinging with her broadsword, and promptly decapitated sunak while Nigel Farage, representing Reform UK, made contentious claims about immigration policies, which were swiftly fact-checked during the debate.   Good question though raised at labour about the 2 child benefit cap, which I broadly agree with, but the tory 'trap' assumes tory thinking - rather than child centric thinking. There should be no incentives to have kids as a financial way of life paid for by everyone else ... ... BUT the kids should not be made to suffer for the decisions of their parents Free school meals would feed the kids, improve their ability to learn, and incentivise them to go to school. As an added benefit ... it would invest in our nations future.   How far this should go is a matter for costing, social intent and future path of the nation, but not feeding our nations kids is an abomination. There should be at least one free school meal per day for every child who attends school. Full Stop. Its the cheapest and most effective investment in our future we could make.
    • Hey people, I've been browsing this amazing forum for the past year and recieved a letter today which has made me require some help. Received a claim form from Cabot in the Civil National Business Centre in regards to an Aqua Credit Card taken out in 2018. I failed to make payments due to financial hardship and have not taken out any credit or uses any forms of credit since. Received a lot of letters from Cabot and their solicitors Mortimer Clarke which I've ignored    By an agreement between New Day Ltd RE Aqua& the Defendant on or around 26/03/2018 ('ths Agreement) New Day Ltd RE Aqua agreed to issue Defendant with a credit card. The Defendant failed to make the minimum payments due. The Agreement was terminated following the service of a default notice. The Agreement was assigned to the named Claimant. Cabot Credit Management Group Limited, acting as servicing agent of the named Claimant through its Appointed Representative (Cabot Financial (Europe) Limited), has arranged for these proceedings to be issued in the name of the Claimant. The named Claimant may be entitled to claim interest under the Agreement but does not seek such interest and instead claims interest under Section 69(1) of the County Courts Act 1984 at 8% p.a.from03/03/2023 until date of issue only, or alternatively such interest as the Court thinks fit THE NAMED CLAIMANT THEREFORE CLAIMS 1. 3800.82 2. INTEREST OF 379.84 3. Costs How would I go about this and what could happen? I don't remember much details about the card either.
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    • If you are buying a used car – you need to read this survival guide.
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    • Hello,

      On 15/1/24 booked appointment with Big Motoring World (BMW) to view a mini on 17/1/24 at 8pm at their Enfield dealership.  

      Car was dirty and test drive was two circuits of roundabout on entry to the showroom.  Was p/x my car and rushed by sales exec and a manager into buying the mini and a 3yr warranty that night, sale all wrapped up by 10pm.  They strongly advised me taking warranty out on car that age (2017) and confirmed it was honoured at over 500 UK registered garages.

      The next day, 18/1/24 noticed amber engine warning light on dashboard , immediately phoned BMW aftercare team to ask for it to be investigated asap at nearest garage to me. After 15 mins on hold was told only their 5 service centres across the UK can deal with car issues with earliest date for inspection in March ! Said I’m not happy with that given what sales team advised or driving car. Told an amber warning light only advisory so to drive with caution and call back when light goes red.

      I’m not happy to do this, drive the car or with the after care experience (a sign of further stresses to come) so want a refund and to return the car asap.

      Please can you advise what I need to do today to get this done. 
       

      Many thanks 
      • 81 replies
    • Housing Association property flooding. https://www.consumeractiongroup.co.uk/topic/438641-housing-association-property-flooding/&do=findComment&comment=5124299
      • 161 replies
    • We have finally managed to obtain the transcript of this case.

      The judge's reasoning is very useful and will certainly be helpful in any other cases relating to third-party rights where the customer has contracted with the courier company by using a broker.
      This is generally speaking the problem with using PackLink who are domiciled in Spain and very conveniently out of reach of the British justice system.

      Frankly I don't think that is any accident.

      One of the points that the judge made was that the customers contract with the broker specifically refers to the courier – and it is clear that the courier knows that they are acting for a third party. There is no need to name the third party. They just have to be recognisably part of a class of person – such as a sender or a recipient of the parcel.

      Please note that a recent case against UPS failed on exactly the same issue with the judge held that the Contracts (Rights of Third Parties) Act 1999 did not apply.

      We will be getting that transcript very soon. We will look at it and we will understand how the judge made such catastrophic mistakes. It was a very poor judgement.
      We will be recommending that people do include this adverse judgement in their bundle so that when they go to county court the judge will see both sides and see the arguments against this adverse judgement.
      Also, we will be to demonstrate to the judge that we are fair-minded and that we don't mind bringing everything to the attention of the judge even if it is against our own interests.
      This is good ethical practice.

      It would be very nice if the parcel delivery companies – including EVRi – practised this kind of thing as well.

       

      OT APPROVED, 365MC637, FAROOQ, EVRi, 12.07.23 (BRENT) - J v4.pdf
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The great interest rate rip off part 9


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Recommended Posts

Former Co-op Bank chief executive in clash with watchdog

 

05 September 2013 12:00 AM

MPs point the finger at Neville Richardson as he denies Britannia merger caused woes

 

 

 

Tech entrepreneurs sell mobile app design business Grapple for £40m

 

05 September 2013 02:15 PM

Two London tech entrepreneurs are enjoying a windfall after selling their mobile app design business, Grapple, for almost £40 million just three years after setting it up.

 

 

 

Mass flood of capital ‘could tip insurers into bank-like crisis’

 

05 September 2013 02:10 PM

Lloyd’s of London bosses have warned that floods of capital from investors such as hedge funds and pension funds could cause a crisis in the insurance industry similar to that suffered by the banks.

 

 

 

Leap in new car sales fuels the rally

 

05 September 2013 02:57 PM

Britons splashed out on more new motors in August than a year earlier, in another sign of growing consumer confidence.

 

 

 

Dixons pays £58m to have Pixmania taken off its hands

 

05 September 2013 02:24 PM

Dixons today shed its loss-making French online business, handing the buyer tens of millions of euros to take it off its hands.

 

 

 

'Security threat' Huawei puts regaining US trust on hold

 

05 September 2013 12:00 AM

The controversial Chinese telecoms group Huawei has given up, for now at least, on persuading Washington that it can be trusted not to spy on American citizens.

 

 

 

Booming Dyson calls for more engineers

 

05 September 2013 12:00 AM

The chief executive of Dyson has called for schools to do more to encourage students into engineering as the maker of bagless vacuum cleaners today unveiled another set of record results.

 

 

 

pg-4-toys-r-us-getty.jpg

Toys R Us to stop marketing its toys by gender in wake of sexism claims

 

04 September 2013 09:54 PM

Toys R Us today bowed to anti-sexist marketing demands and pledged to drop gender labelling for its products.

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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The Next Emerging Market Crisis

 

By SIMON JOHNSON 2:10 PM ET

 

No developing-world crisis seems imminent, but that could change quickly if overconfidence returned to the global markets, an economist writes.

05economix-jakarta-sfSpan.jpg

Beawiharta/Reuters

 

A shopper at a mall in Jakarta, Indonesia.

 

 

 

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European Central Bank Chief Tamps Down Optimism

 

By JACK EWING 12:28 PM ET

 

Mario Draghi’s remarks, made after the bank held rates steady, were unexpectedly pessimistic and could dampen hopes that the euro zone is finally on the mend.

 

 

05summers-span-thumbStandard.jpg

In Fed Succession, Obama’s Favorite Faces Opposition

 

By JACKIE CALMES

 

Decision time is here, and while President Obama has not settled on who should take over the Federal Reserve, he still favors Lawrence Summers.

 

 

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On the Edge of Poverty, at the Center of a Debate on Food Stamps

 

By SHERYL GAY STOLBERG

 

As lawmakers cast a fight over cuts to food stamps in terms of spending, budget analysts and hunger relief advocates warn of a spike in “food insecurity” among Americans.

 

 

DealBook

 

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Schwab Case Casts Spotlight on Securities Arbitration and Its Flaws

 

By SUSAN ANTILLA 10:08 AM ET

 

A skirmish between regulators and the brokerage firm Charles Schwab has brought attention to the arbitration process used by the securities industry.

 

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Falling Economic Tide in India Is Exposing Its Chronic Troubles

 

By KEITH BRADSHER

 

As its boom ends, India suffers from a weak currency, soaring prices, neglected infrastructure and red tape.

 

 

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F.T.C. Says Webcam’s Flaw Put Users’ Lives on Display

 

By EDWARD WYATT

 

In a case that highlights the vulnerabilities of digitally connected devices like appliances and cars — the so-called Internet of Things — the F.T.C. censured a maker of video cameras.

 

 

 

 

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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Here It Is..... Russian Claims

I saw this a few days ago -- but now we have a size and composition of the report.

The report itself was not released. But the statement drew a pointed comparison between what it said was the scientific detail of the report and the far shorter intelligence summaries that the United States, Britain and France have released to justify their assertion that the Syrian government launched chemical weapons against Damascus suburbs on Aug. 21. The longest of those summaries, by the French, ran nine pages. Each relies primarily on circumstantial evidence to make its case, and they disagree with one another on some details, including the number of people who died in the attack.

Specifically, the Russians claim to have evidence that:

 

  • The shell fragments in the chemical attack are inconsistent with anything known to be in Syrian government inventory -- but are consistent with that of improvised shells constructed by the rebels.
  • The gas itself contains contaminents not consistent with industrial-scale production of Sarin, but is consistent with old, 1950s-era production when the processes to make the gas were in development. Syria didn't exist as a government producing such material in the 1950s.
     

  • The bursting charges (the part that goes "boom") apparently were RDX. RDX is a compound not typically used by government military entities because it is expensive and there are better compounds available to them. But RDX is common in terrorist munitions.

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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The Stupidity Of The Minimum Wage Screaming

akcs-www?get_gallerynr=87

The stupid, it burns!

As the fast-food strikes that began last November in New York City continue to build momentum, hundreds of workers walked out in dozens of cities across the country Thursday in the name of higher pay and the right to unionize without retaliation.

This morning there was a report out that a handful of WalMart stores are being similarly targeted.

Yesterday The Labor Department was "lobbying" on Twitter for minimum wage increases as well.

Folks, this is backward. Why is it that purchasing power is going down if there is no inflation?

More at the link.

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

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

US jobs disappointment cuts chances of Fed easing stimulus

 

07 September 2013 12:50 AM

The US economy created fewer jobs than forecast in August, dampening expectations that the Federal Reserve will start weaning the US economy off its stimulus programme this month.

 

 

 

Weidenfeld weighs into Bauer war magazine row

 

07 September 2013 12:50 AM

George Weidenfeld, one of the most venerable figures in book publishing, has added his voice to the row about media group Bauer’s decision to publish a magazine that is said to glorify German Second World War soldiers.

 

 

 

Halifax: House prices rise 5.4 per cent and will

keep increasing

 

07 September 2013 12:50 AM

House prices rose for the seventh month running in August and are set to continue increasing “gradually” for the rest of the year, Halifax, the UK’s biggest mortgage lender, said yesterday.

 

 

 

UK growing at fastest pace since 2010, but non-EU exports plunge

 

07 September 2013 12:50 AM

Forward guidance involves making a promise about future interest rates

 

 

 

More than 100 of UK’s elite firms are accused of taxation law failings

 

07 September 2013 12:50 AM

Companies House reveal widespread failure to comply with ‘most basic’ requirements

 

 

 

Closure threat to Ineos plant in Grangemouth

 

07 September 2013 12:58 AM

Ineos is considering closing down one of its plants in Scotland because of rising costs and a fall in the production of gas from the North Sea.

 

 

 

Fire in China delays Apple smartphones

 

07 September 2013 12:58 AM

Shipments of millions of computers and smartphones could be delayed for up to six months following a blaze at a Chinese factory which supplies 15 per cent of the world’s memory chips.

 

 

 

Ofcom looks into complaints about Bauer magazine said to glorify German Second World War soldiers

 

06 September 2013 01:53 PM

Ofcom today said it is in contact with German authorities as it investigates whether Kiss FM owner Bauer is a “fit and proper” broadcaster, after complaints that it publishes a magazine that is said to glorify German Second World War soldiers.

 

 

 

SThree recruitment firm down but upbeat

 

06 September 2013 01:51 PM

A bounce-back in the London and New York banking sectors failed to stop profits sinking at recruitment specialist SThree.

 

 

 

Halifax says house prices are set to climb ‘gradually’

 

06 September 2013 01:49 PM

House prices rose for the seventh month running in August and are set to continue increasing “gradually” for the rest of the year, Halifax, the UK’s biggest mortgage lender, said today.

 

 

 

Peppa pig maker Character Group swings back into black

 

06 September 2013 01:16 PM

Character Group, the firm behind Peppa Pig, Fireman Sam and Scooby Doo toys, today said it had swung back into the black.

 

 

 

Mark Carney gets a lift as fewer expect early rise in interest rates

 

06 September 2013 01:12 PM

Bank of England Governor Mark Carney’s under fire forward-guidance strategy was given a rare boost today as a new survey showed that fewer people are anticipating an imminent rise in interest rates.

 

 

 

SuperGroup fashions a high-speed sales spurt

 

06 September 2013 12:00 AM

SuperGroup, the Superdry fashion company, enjoyed its fastest quarter of growth for more than a year in the three months to July as better design and better products fed through to faster sales.

 

 

 

Japanese set to grab Glaxo drinks

 

06 September 2013 12:00 AM

Japan's Suntory drinks group is set to buy the historic Lucozade and Ribena brands from GlaxoSmithKline for about £1.5bn.

 

 

 

Mario Draghi talks down eurozone recovery

 

06 September 2013 12:00 AM

ECB president 'cautious' about growth as he seeks to send dovish message on rates

 

 

Mazda seeks road to sales speed-up

 

06 September 2013 12:00 AM

Mazda is on a drive to raise its market share in Europe ahead of the launch of its latest model at next week's Frankfurt Motor Show.

 

 

 

Anger over £1m pay for Network Rail's new boss

 

06 September 2013 12:00 AM

Network Rail has returned to the "bad old days" of inflated salaries and bonuses, according to industry sources shocked by the £1m-plus pay package of the state-backed group's new chief executive.

 

 

 

SuperGroup fashions a high-speed sales spurt

 

06 September 2013 12:00 AM

SuperGroup, the Superdry fashion company, enjoyed its fastest quarter of growth for more than a year in the three months to July as better design and better products fed through to faster sales.

 

 

 

Japanese set to grab Glaxo drinks

 

06 September 2013 12:00 AM

Japan's Suntory drinks group is set to buy the historic Lucozade and Ribena brands from GlaxoSmithKline for about £1.5bn.

 

 

 

Mario Draghi talks down eurozone recovery

 

06 September 2013 12:00 AM

ECB president 'cautious' about growth as he seeks to send dovish message on 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

7 September 2013 Last updated at 15:06

 

 

US employment rises again in August

 

The US added 169,000 new jobs in August, adding to signs of a strengthening recovery in the world's largest economy.

 

 

_69684172_hi019108290.jpgHouse prices 'jump most since 2010'

 

UK house prices are rising at 5.4% a year, the highest rate for three years, according to the Halifax. 534

 

 

 

_69700457_69700451.jpgG20 to share tax information by 2015

 

G20 members say they expect to begin automatically sharing tax information by the end of 2015, in an effort to curb tax evasion.

 

 

 

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

German public banks must boost deposit protection funds - Helaba

 

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Sawiris eyes Telecom Italia, but concerned about Rome

 

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Generali would sell Telecom stake if no convincing plan forthcoming

 

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U.S. job growth disappoints, offers cautionary note for Fed

 

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CME Group delays London exchange launch

 

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Verizon sued by shareholder over $130 billion Vodafone deal

 

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Analysis - Waning investor demand opens door for first-time U.S. home buyers

 

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EU's Almunia to meet Italy minister, avoids comment on Monte Paschi

 

06 Sep 2013

 

Slovenia to liquidate two small banks

 

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Shell to pay $1.1 million in fines for Arctic air-quality violations

 

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Tullow outperforms as FTSE rises to near three-week highs

 

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American Tower extends network reach with $3.3 billion deal

 

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EU watchdog still eyes 2016 start for insurance rules

 

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At G20, Europe finds some space to breathe on economy

 

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G20 says will work together until regulatory job done

 

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Glencore to vaunt successes of $46 billion Xstrata deal one year on

 

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G20 pledges to help developing countries tackle tax dodging

 

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India rupee seen bottoming out despite taper risks, China's yuan to rise slowly - Reuters poll

 

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Britain's economy grew at fastest since 2010 in three months to August - NIESR estimate

 

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TSB bank returns to UK high street and ups the competition

 

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Marks & Spencer extends pay period for clothing suppliers

 

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American Tower to buy Global Tower in $4.8 billion deal

 

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Volkswagen denies Piech to resign as chairman

 

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Schmolz + Bickenbach seeks to raise more cash, restructure to cut debt

 

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Telecom Italia's Bernabe says business plan comes first

 

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Analysis - Steelcase wants to transform offices as budgets rebound

 

06 Sep 2013

 

Industrial output flat in July, trade deficit widens sharply

 

UK 06 Sep 2013

 

Financial advice reforms set to come under MP scrutiny

 

UK, 06 Sep 2013

 

BoE's Carney winning over public, if not markets, with rate pledge

 

06 Sep 2013

 

Greek economy shrinks at smallest pace since 2010 in second quarter

 

06 Sep 2013

 

Banks to repay 5.9 billion euros of ECB crisis loans

 

06 Sep 2013

 

Worst over for rupee? For now, technical charts say yes

 

06 Sep 2013

 

VW's Piech rebuffs report he will quit as chairman -Spiegel

 

06 Sep 2013

 

BOJ's Kuroda: there's room for policy response if tax hike hurts economy - minutes

 

Japan 06 Sep 2013

 

EU court rules against sanctions on seven Iranian companies

 

06 Sep 2013

 

Telegraaf raises 391 million euros in ProSieben stake sale

 

06 Sep 2013

 

French consumer confidence, trade point to improving outlook

 

06 Sep 2013

 

Dollar tumbles broadly after U.S. jobs data

 

FXpert, 06 Sep 2013

 

SThree sees signs of pick-up in London, NY bank demand

 

06 Sep 2013

 

House prices rise at fastest annual rate since 2010 - Halifax

 

06 Sep 2013

 

Spain industrial output falls for 23rd month in July

 

Spain 06 Sep 2013

 

Telegraaf Media Groep to sell ProSiebenSat.1 stake

 

06 Sep 2013

 

India may announce steps to cut fuel use this month

 

06 Sep 2013

 

VW denies that Piech is to resign as chairman

 

06 Sep 2013

 

Daimler to stop building Volkswagen Crafter vans at end - 2016

 

06 Sep 2013

 

Some South African gold miners end strike

 

World, Africa 06 Sep 2013

 

South Africa's Sibanye says strike over at its Kloof mine

 

Africa 06 Sep 2013

 

Spain industrial output falls for 23rd month in July

 

06 Sep 2013

 

Telegraaf Media Groep to sell its entire stake in ProSiebenSat.1

 

06 Sep 2013

 

Hungary banks should bear most of FX losses on loans - PM Orban

 

06 Sep 2013

 

Japan to see more positive data, boosting case for tax hike

 

Japan 06 Sep 2013

 

Japan regulator pushes banks to lend more to small businesses

 

Japan 06 Sep 2013

 

Suntory closing in on deal to buy GSK drinks brands - sources

 

Japan 06 Sep 2013

 

German exports post surprise fall in July

 

06 Sep 2013

 

Hungary banks should bear most of FX losses on loans - PM Orban

 

06 Sep 2013

 

Bond yields and dollar fall after U.S. jobs data

 

FXpert, 06 Sep 2013

 

Vodafone ready to target Italy for 'Project Spring' spend - report

 

06 Sep 2013

 

VW's chairman Piech may step down in coming months - paper

 

06 Sep 2013

 

China Unicom, Telecom to sell latest iPhone shortly after U.S. launch

 

06 Sep 2013

 

India rupee falls as Rajan rally starts to dissipate

 

06 Sep 2013

 

Analysis - Australia's central bank mangles message on A$, rates

 

Australia 06 Sep 2013

 

Asha to Ashes: Microsoft's emerging market conundrum

 

06 Sep 2013

 

Emerging market pain dominates G20 economy talks

 

G20 06 Sep 2013

 

BAE Systems to close Pennsylvania plant -BAE

 

06 Sep 2013

 

Exclusive - Ford board open to earlier exit for CEO Mulally -sources

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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Corruption found in BP Gulf of Mexico settlement programme

 

gulf_2622677g.jpg

Senior staff working for the body responsible for paying out compensation claims linked to BP's Gulf of Mexico oil spill settlement engaged in "pervasive" improper and unethical conduct, an independent investigation has found.

2 Comments GSK mulling China withdrawal despite talks

 

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GlaxoSmithKline is considering whether to pull out of China, where a highly political criminal investigation has left the company facing a potential £2bn fine and the severance of ties with major hospitals.

20 Comments

US porn industry blamed for skewing jobs data

 

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The weaker-than-expected US jobs figures are being partly blamed on an HIV scare that led to a shutdown in the porn industry at the same time that the government was collecting the jobs data.

111 Comments

 

Verizon investor tries to derail Vodafone deal

 

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A Verizon shareholder is threatening to throw a spanner in the works of the biggest deal of the decade by launching a lawsuit to block its acquisition of Vodafone’s share of the company.

11 Comments

Osborne hails G20 agreement on tax

 

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George Osborne hailed a timetable agreed at the G20 summit for countries to improve transparency around the taxes corporations pay them as a “solid British achievement”.

10 Comments

 

BP cuts estimate of oil spilled in Gulf

 

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BP has cut more than 600,000 barrels from its estimate of oil spilled during the Gulf of Mexico disaster, ahead of a court battle over multi-billion dollar fines for the leak.

2 Comments

 

Heathrow and Gatwick in dogfight over noise

 

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Heathrow and Gatwick have gone to battle over noise pollution as they both seek to sway a commission that will decide where to build new runways in Britain.

12 Comments

Weak trade dents recovery optimism

 

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Weak exports and industrial production figures take the gloss off the recovery and end the pound’s seven-day rise against the euro.

18 Comments

 

Carney wins over Britons if not the markets

 

 

 

 

MPs may reconsider financial advice rules

 

 

 

 

 

To take on the dollar, Brics must develop their own markets first

 

Why banks are wrong to abandon interest-only borrowers

 

To take on the dollar, Brics must develop their own markets first

 

money_2663655g.jpg

Even with the slowing of the Bric economies it is quite likely that, by the end of 2015, their combined GDP will be similar to that of the US.

17 Comments Business news and markets: as it happened - September 6, 2013

 

Wallst2_2275772g.jpg

The weaker-than-expected US jobs figures are being partly blamed on an HIV scare that led to a shutdown in the porn industry in August at the same time that the government was collecting the jobs data.

 

US porn industry shutdown blamed for skewing disappointing jobs data

 

Wallst2_2275772g.jpg

Wall Street expects the US Treasury to continue printing money for a few months yet, after weak jobs data showed that America’s economic recovery may be faltering.

111 Comments

Osborne cautious over economy recovery

 

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Chancellor George Osborne says although "the UK economic news has been better in the last few months", people should not "get ahead of themselves" in celebrating the recovery as "there's still a long way to go".

2 Comments

Weak trade dents recovery optimism

 

Weak exports and industrial production figures have taken the gloss off the recovery and ended the pound’s seven-day rise against the euro.

18 Comments

UK break-up would cause 'economic dislocation'

 

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Scottish independence would be expensive and create 'economic dislocation', warns new CBI chief in inaugural speech.

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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A.F.L.-C.I.O. Has Plan to Add Millions of Nonunion Members

 

By STEVEN GREENHOUSE

 

Richard Trumka, the labor federation’s president, says a broad coalition could help restore the labor movement’s clout.

 

jp-UNION-sfSpan.jpg

Stuart Isett for The New York Times

 

Pescaszie Mukauruziga works at Sea-Tac Airport, where groups seek a minimum wage of $15.

 

 

 

 

August Jobs Report

 

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Soft Jobs Data Not Expected to Deter Fed

 

By CATHERINE RAMPELL

 

The Labor Department’s snapshot of the job market in August had several discouraging details underneath a relatively average gain of 169,000 jobs.

 

 

Today's Economist

 

The Case Against Tapering in September

 

By JARED BERNSTEIN

 

The latest jobs report is by no means terrible, but the economy remains too fragile for the Federal Reserve to pull back this month, an economist writes.

 

More From the Economix Blog

 

Looking for Furloughs in the Jobs Data

Pointing at Pornography for Job Losses

The Old Are Working, but Not the Young

Persistent Scars of Long-Term Joblessness

Population Growth Outpaces Jobs

 

 

 

CBS-thumbStandard.jpg

Bold Play by CBS Fortifies Broadcasters

 

By BILL CARTER

 

CBS and its chief, Les Moonves, have given the broadcast world a shot in the arm by pushing distributors to pay broadcasters just as they do cable networks.

 

DealBook

 

dbpix-smithfield-thumbStandard-v2.jpg

U.S. Security Panel Clears a Chinese Takeover of Smithfield Foods

 

By MICHAEL J. DE LA MERCED

 

The approval came despite deep-seated skepticism by a group of lawmakers, who professed concern about a Chinese company owning the country’s biggest pork producer.

 

CANCER-thumbStandard.jpg

F.D.A. Approves a Drug for Late-Stage Pancreatic Cancer

 

By ANDREW POLLACK

 

The Food and Drug Administration has approved Abraxane, which in a clinical trial prolonged the lives of patients by a little less than two months on average.

 

JP-NSA-thumbStandard.jpg

Legislation Seeks to Bar N.S.A. Tactic in Encryption

 

By SCOTT SHANE and NICOLE PERLROTH

 

A congressman’s proposal would prohibit the agency from installing “back doors” into encryption, the electronic scrambling that protects e-mail and other communications.

 

 

 

 

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

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

Zero-hours JD Wetherspoon staff scoop £22m

 

08 September 2013 12:00 AM

JD Wetherspoon kitchen and bar workers reap rewards of cheap-drinking boom in downturn

 

 

Space race fuels resurgence in London offices

 

08 September 2013 12:00 AM

Demand for offices in London has surged by nearly 40 per cent over the past year, as ambitious companies look to expand on the back of a resurgent economy, according to new data.

 

 

 

Morrisons set to reveal a new profit blow

 

08 September 2013 12:00 AM

The chief executive of the Morrisons supermarket chain will have to defend another fall in profits this week, although he is expected to boast of a turnaround following its recent dire sales.

 

 

 

Carney's rate policy to face new pressure if jobless numbers slip

 

08 September 2013 12:00 AM

Mark Carney's forward guidance policy on interest rates could come under even greater market pressure this week when the Office for National Statistics reports the unemployment rate for the three months to July.

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

8 September 2013 Last updated at 16:17

 

 

Miliband given 'Australia' warning_69718560_69718508.jpg

 

The Labour Party faces an election meltdown like that of its Australian counterpart unless it stops its "squabbles" with the unions, the Unison boss warns.

 

 

_69718101_69716797.jpgTSB name reappears on high streets

 

The TSB name is replacing Lloyds Bank at hundreds of banks across the country as five million people have their accounts transferred.

 

 

 

_69713403_008261655-1.jpgJobless total could be double - TUC

 

Unemployment could be double the official figure of 2.5 million when groups such as the economically inactive are added to the total, the TUC says.

 

 

 

 

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

Link to post
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At Virgin America, a Fine Line Between Pizazz and Profit

 

By MATT RICHTEL

 

 

An airline whose sleek style rates highly with its passengers is still struggling to make money for its investors, and has lost $675 million since 2007.

 

 

 

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Jim Wilson/The New York Times

 

Purple light bathed passengers awaiting takeoff on a Virgin America flight from San Francisco.

 

 

 

 

 

 

8-MYSPACESUB-thumbStandard.jpg

From Myspace’s Ashes, Silicon Start-Ups Rise

 

By EILENE ZIMMERMAN

 

Many founders and former executives of Myspace have found new entrepreneurial life in the blossoming tech industry of Los Angeles.

 

 

land-thumbStandard.jpg

Prices Are Rising for New Homes, and the Land They Are Built On

 

By SHAILA DEWAN

 

Land brokers and development companies in the Minneapolis-St. Paul area are reporting that after years of no growth, the price of land is increasing rapidly.

 

HBS-thumbStandard.jpg

Harvard Business School Case Study: Gender Equity

 

By JODI KANTOR

 

An aggressive program intended to foster female success brought improvements, but also resentment and uncertainty.

 

Novelties

 

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Preflight Turbulence for Commercial Drones

 

By ANNE EISENBERG

 

Though drones operated by businesses won’t be in wide use until 2015, some lawmakers and others are already moving to restrict them.

 

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Greek Prime Minister Says Positive Economic Data Points to Austerity Easing

 

By NIKI KITSANTONIS

 

Prime Minister Antonis Samaras said the Greek economy had the smallest contraction since 2010 and the improvement was largely due to a strong rebound in tourism.

 

08olympics_163-thumbStandard.jpg

For 2020 Olympics, I.O.C. Picks Tokyo, Considered Safe Choice

 

By JERÉ LONGMAN and MARTIN FACKLER 1:47 PM ET

 

Tokyo was selected to host the 2020 Summer Games, beating out Istanbul and Madrid in a major victory for a country still recovering from a nuclear plant meltdown.

 

 

The Boss

 

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A Résumé That Stood Out

 

By SERAINA MAAG

 

An insurance executive has traveled the world — from Switzerland to Australia to New York — in her career, but will always remember how her application was noticed by an early employer.

 

Google in Fight Over Content That Appears in Search Results

 

By DAVID JOLLY

 

Max Mosley, the former head of Formula One, has asked a Paris court to order the Internet giant to create an algorithm to filter racy photos of him from its search results.

 

 

 

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

Gas storage decision could cost consumers £1bn

 

gas_2591045g.jpg

Consumers could be £1bn worse off because of ministers' refusal to subsidise new gas storage facilities, analysis commissioned by the Government reveals.

93 Comments Disney rival Merlin aims to conjure IPO

 

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Merlin Entertainments is planning to offer more than 10pc of its shares to retail investors as the world's second biggest attractions owner behind Disney gears up for a £3bn-plus stock market listing before Christmas.

1 Comment

Burberry boss: women can't do it all

 

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Angela Ahrendts says women "can't do it all", adding fuel to debate about whether women can combine home harmony with business success.

20 Comments

PwC looks east to fight slower growth at home

 

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Business services group PricewaterhouseCoopers is in the final stages of negotiating a major expansion "worth tens of millions of pounds" to operations in Poland and Russia in an effort to counter sluggish growth in the home market.

Comment

Cuadrilla drilling may have broken noise rules

 

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Fracking firm's efforts to drill for oil in West Sussex suffer another blow.

2 Comments

Wonga secures passage to India

 

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Wonga, the controversial pay day lender, is to tap into India's booming economy after buying a majority stake in a domestic lender in the country.

8 Comments

Australia 'open for business' says new PM

 

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Australia's business community cheered the election victory of Tony Abbott over the weekend and British investors and companies also have cause to welcome a more stable conservative government "down under".

2 Comments

Returning TSB vows to be local bank

 

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TSB is to return to the British high street this week, after an 18-year absence, with a focus on local customers and local businesses.

3 Comments

 

BBA: leverage rule could backfire

 

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Forcing banks to hold greater amounts of capital under a new "leverage ratio" rule could lead lenders to give up on less risky business, according to the British Bankers' Association.

7 Comments

 

PM 'optimistic' Greece will grow in 2014

 

 

 

 

 

China embraces 'British Model', ditching Mao for Edmund Burke

 

Strike on Syria would be risky in many ways

 

Higher education is in an expensive muddle with too many useless degrees

 

Mark Carney keeps an eagle eye on jobless

 

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The Governor's linking of work levels and any rise in rates is telling.

3 Comments Strike on Syria would be risky in many ways

 

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Why are some Western governments contemplating an extremely risky military strike on Syria? What is the true motivation of those trying to upend the unsavoury regime of Bashar al-Assad?

50 Comments

China to dictate tough terms on BRICS fund

 

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A top Chinese official has dashed hopes for imminent use of a new $100bn BRICS fund to rescue emerging market currencies in crisis.

18 Comments

To take on the dollar, Brics must develop their own markets first

 

money_2663655g.jpg

Even with the slowing of the Bric economies it is quite likely that, by the end of 2015, their combined GDP will be similar to that of the US.

23 Comments

Business news and markets: as it happened - September 6, 2013

 

Wallst2_2275772g.jpg

The weaker-than-expected US jobs figures are being partly blamed on an HIV scare that led to a shutdown in the porn industry in August at the same time that the government was collecting the jobs data.

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

PwC warns that reforms will cost it audit clients

 

09 September 2013 02:38 AM

PricewaterhouseCoopers chairman Ian Powell has warned that the accountant will lose audit clients following a sea-change in the way the market operates, despite announcing that 874 partners have pocketed an average of £705,000 each in 2013.

 

 

 

City brain drain ‘may hurt growth prospects’

 

09 September 2013 02:43 AM

The City of London is facing a brain drain of talent that could eventually hit the UK’s economic growth, experts have warned.

 

 

 

Upping the base wage ‘would bring in billions’ says TUV secretary

 

09 September 2013 02:42 AM

Britain is losing out on billions of pounds in revenues by keeping the minimum wage low, TUC secretary general Frances O’Grady said yesterday ahead of the opening of the union body’s annual congress.

 

 

 

Wembley outlet brings ton up for Wagamama

 

09 September 2013 02:41 AM

The noodle restaurant Wagamama is to open its 100th UK branch in London’s first designer outlet centre opposite Wembley Stadium next month, as its private-equity owner pushes ahead with expansion.

 

 

 

Interest rate swap scandal: Banks face hidden bill of up to £10bn to settle property developer claims

 

09 September 2013 12:49 AM

Britain’s banks face a hidden bill of up to £10bn to settle claims from property firms put at risk by the interest rate swap scandal, according to new research.

 

 

 

Glencore tightens its grip on Lonmin

 

09 September 2013 12:45 PM

Coal miner-to-wheat trading giant Glencore Xstrata today moved to take greater control of Lonmin, as the beleaguered platinum group continues to struggle with trade unions in South Africa.

 

 

 

Primark stars but sugar not so sweet for ABF

 

09 September 2013 12:44 PM

Primark is outperforming its peers but sugar looks a bit sticky, Associated British Foods said today.

 

 

 

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TSB bank returns to the High Street with a pledge ‘to do what is right for Britain’

 

09 September 2013 12:43 PM

Chief executive promises not to take part in 'socially useless' banking done by rivals

 

 

 

Deloitte fined record £14m over MG Rover advice

 

09 September 2013 12:31 PM

Accountants Deloitte were today punished with a record £14 million fine for failing to manage conflicts of interest over their advice to collapsed car maker MG Rover.

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

Icahn bows out of battle for control of Dell

 

3:39pm BST

 

Icap faces $109 million fine for Libor rigging - Sky

 

3:14pm BST

 

Mis-selling UK property swaps to cost banks £5-10 billion

 

UK, 3:12pm BST

 

TSB may still attract a buyer ahead of share sale - CEO

 

3:03pm BST

 

British defence, oil business in Gulf may be vulnerable to Syria

 

UK, David Cameron 3:02pm BST

 

JPMorgan to name Linda Bammann, Michael Neal to the board

 

2:54pm BST

 

Frontier borrowers re-enter debt markets to beat Fed

 

2:48pm BST

 

WTO cuts 2013 world trade forecast to 2.5 percent

 

2:43pm BST

 

Hungary's PM tells banks, big businesses: 'Colonisation over'

 

2:21pm BST

 

Miner Bumi warns of delay in Bakrie separation plan

 

2:13pm BST

 

Banks face jump in technology spending - report

 

1:58pm BST

 

Suntory to buy GSK's Lucozade, Ribena drinks for £1.35 billion

 

Japan 1:56pm BST

 

Italy's Monte Paschi's new capital needs could mean nationalisation

 

1:01pm BST

 

Vodafone urges Kabel shareholders to accept $10 billion bid

 

12:18pm BST

 

Exclusive: Japan regulator probing Deutsche Bank entertainment of pension clients - sources

 

Japan 11:59am BST

 

BG production warning fuels FTSE retreat

 

FXpert 11:57am BST

 

Big reinsurers shrug off competition from pension funds

 

11:41am BST

 

Google offers new concessions to avoid fine in EU antitrust case

 

11:29am BST

 

FCA to study cash savings market

 

UK, 11:25am BST

 

Deloitte fined 14 million pounds over MG Rover advice

 

10:45am BST

 

BMW eclipses car show rivals with three-level indoor test track

 

10:36am BST

 

Fiat shares rise as CEO to miss Frankfurt car show

 

10:36am BST

 

China August inflation another sign economy is stabilising

 

10:11am BST

 

Volkswagen unit Audi sees August sales rise 10 percent

 

10:10am BST

 

China data lifts shares, doubts over Fed cap gains

 

FXpert 12:36pm BST

 

Bad debts at Italian banks rise further in July - Bank of Italy

 

9:45am BST

 

Euro zone sentiment turns positive for first time in over two years

 

9:33am BST

 

Monte Paschi doubles planned capital hike to 2.5 billion euros

 

9:08am BST

 

Alfa Romeo and Chrysler delays cast cloud over Fiat

 

8:38am BST

 

PetroChina says report of more probes 'inaccurate', shares rise

 

8:35am BST

 

Japan second quarter GDP revised up sharply, boosts case for tax hike

 

Japan 8:23am BST

 

Sony pins hopes for profit on PlayStation 4, sets February 22 launch in Japan

 

Japan 8:20am BST

 

Bank of France raises growth forecast slightly

 

8:17am BST

 

German luxury carmakers accelerate the charge into crossovers

 

8:11am BST

 

Government defends its HS2 high speed rail project

 

UK, 8:07am BST

 

China locks foreign investors out of another bad-debt cleanup

 

8:05am BST

 

AB Foods earnings growth driven by Primark

 

8:02am BST

 

Monte Paschi sees new restructuring plan approved September 24

 

7:46am BST

 

Japan service-sector mood worsens in August

 

Japan 7:37am BST

 

Japan needs $20 billion spending package if sales tax raised - Amari

 

Japan 7:37am BST

 

KPN says finance chief leaving for personal reasons

 

7:14am BST

 

China Aug inflation another sign economy is stabilising

 

9:24am BST

 

Emerging market M&A volume at record low in first half of 2013 - survey

 

5:02am BST

 

PetroChina shares halted; says report of more probes 'inaccurate'

 

4:55am BST

 

PetroChina says shares to resume trading in afternoon

 

4:55am BST

 

South Korea probes three foreign brokerages including Goldman

 

4:00am BST

 

Mexico dilutes fiscal reform as plan dodges sales tax

 

World, 3:50am BST

 

Factbox - Mexico set to propose raising income taxes, shies from food tax

 

3:50am BST

 

Mexico proposes new tax regime for Pemex

 

3:33am BST

 

Japan's Amari - revised GDP data positive sign for sales tax hike

 

Japan 3:21am BST

 

Monte Paschi doubles planned capital hike to 2.5 billion euros

 

3:09am BST

 

Japan second quarter GDP revised up sharply, boosts case for tax hike

 

Japan 1:17am BST

 

Japan second quarter GDP revised up to 0.9 percent quarter-on-quarter growth

 

Japan 1:01am BST

 

Neiman Marcus close to changing private equity owners - sources

 

12:21am BST

 

Permanent staff hiring slows from two-year high in August - survey

 

UK 12:21am BST

 

Osborne hails growing economy, slams 'disastrous' Labour plans

 

UK, David Cameron 12:18am BST

 

New bank Shawbrook passes 1 billion pound lending milestone

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

9 September 2013 Last updated at 15:39

 

 

UK economy turning corner - Osborne_69733464_osborne2_rtr.jpg

 

The UK economy is "turning a corner", Chancellor George Osborne says during a speech in London. 5

 

 

_69725373_69716797.jpgTSB website crashes on launch day

 

The new TSB bank is launched with a promise to "fuel local economies", but the website hits problems on the first morning.

 

 

 

_69724714_69724678.jpgLucozade and Ribena sold for £1.35bn

 

GlaxoSmithKline agrees to sell Lucozade and Ribena to Orangina Schweppes owner Suntory for £1.35bn.

 

 

 

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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Inside the End of the U.S. Bid to Punish Lehman Executives

 

By BEN PROTESS and SUSANNE CRAIG

 

Securities and Exchange Commission officials sparred for months before concluding that suing executives at Lehman Brothers over the bank’s 2008 collapse would be legally unjustified.

 

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Chip Somodevilla/Getty Images

 

Richard Fuld, left, the former chief of Lehman Brothers, testifying before Congress in 2010 about the bank's collapse in 2008.

 

 

 

DealBook

 

Koch Industries to Buy Molex for $7.2 Billion

 

By MICHAEL J. DE LA MERCED 56 minutes ago

 

The deal for Molex, a maker of electronic connectors, is one of the biggest-ever acquisitions by the giant privately held conglomerate.

 

Economic Reports Ease Concerns in China

 

By KEITH BRADSHER

 

Figures for August are bolstered by improving demand for the country’s goods in major markets.

 

 

DealBook

 

Icahn Calls Off Fight Over Dell’s Sale

 

By MICHAEL J. DE LA MERCED 26 minutes ago

 

The billionaire wrote to shareholders that he cannot overcome a series of defeats, including changes to voting rules that make it easier for Michael S. Dell and the investment firm Silver Lake to prevail in their bid to buy the company.

 

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Apple Is Set to Announce Two iPhones

 

By BRIAN X. CHEN

 

One iPhone will feature a faster processor, and the other will be a less expensive model in a variety of colors aimed at markets like China and India.

 

DealBook

 

Glaxo to Sell Drink Brands for $2.1 Billion

 

By MARK SCOTT 56 minutes ago

 

The British pharmaceutical giant has agreed to sell two soft drink brands, Lucozade and Ribena, to Suntory Beverage and Food of Japan for £1.35 billion, or $2.1 billion.

 

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Worries That Microsoft Is Growing Too Tricky to Manage

 

By NICK WINGFIELD

 

Many feel that a more focused, nimble collection of mini-Microsofts could respond more effectively to the never-ending flow of disruptive technologies nibbling at its foundations.

 

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Latest Overhaul of the MGM Studio Appears to Be a Moneymaker

 

By BROOKS BARNES

 

After emerging from bankruptcy and cutting costs, the venerable studio is generating cash and has a number of movies and TV shows in the works.

 

DealBook

 

Barofsky, Watchdog to Government Bank Bailout Program, Joins Law Firm

 

By DEALBOOK 7:12 AM ET

 

Neil Barofsky, the former prosecutor who was appointed by President Obama to oversee the $700 billion Troubled Asset Relief Program in late 2008, has joined Jenner & Block, based in Chicago, reports Gretchen Morgenson for The New York Times.

 

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Harder Edge From Vanity Fair Chafes Some Big Hollywood Stars

 

By CHRISTINE HAUGHNEY 9:21 AM ET

 

The magazine has sharpened its celebrity coverage and that has angered some in Hollywood.

 

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A Quest to Save AM Before It’s Lost in the Static

 

By EDWARD WYATT

 

Already ailing, AM radio now is plagued by a new threat: rising interference from smartphones and consumer electronics that reduce many stations to little more than static.

 

 

 

 

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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Pound rises buoyed by Chancellor and optimism over UK recovery

 

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Sterling strengthens after the Chancellor said the fastest growth since 90s 'shows UK is turning the corner and the austerity argument is won’.

Fracking won't lower energy bills, says Davey

 

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Fracking for shale gas in the UK will not have "any effect" on gas prices, Ed Davey, the energy secretary has said, contradicting the Prime Minister's promise that it will lead to lower energy bills.

 

TSB 'likely' to offer shares to small investors

 

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TSB, Britain's newest bank, expects to offer the public a chance to buy shares in the company when Lloyds Banking Group floats the lender next year.

3 Comments

Doubts over Vodafone's Kabel Deutschland bid

 

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Vodafone could fail to clinch enough support from Kabel Deutschland shareholder for its £6.5bn acquisition of the German cable operator to go through, the company fears.

1 Comment

Deloitte fined £14m over MG Rover

 

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Deloitte has been fined a record £14m by the UK's accounting watchdog over the sale of collapsed car manufacturer in 2000.

24 Comments

Rise in business optimism signals growth

 

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UK businesses are more optimistic about their prospects than at any time since May 2011, according to accountants BDO, heading up a raft of encouraging economic surveys published today.

10 Comments

Strong Primark sales lift AB Foods

 

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A strong finish to the year by Primark has helped Associated British Foods forecast better-than-expected second-half operating profits and "good progress" in full-year earnings per share.

1 Comment

Suntory pays £1.3bn for Ribena and Lucozade

 

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Suntory, the Japanese drinks giant, is to buy the Lucozade and Ribena drink brands from GlaxoSmithKline (GSK) in a £1.35bn deal.

1 Comment

Japan shares surge on 2020 Olympics bid win

 

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Tokyo’s successful bid for the 2020 Olympics has fuelled a surge in economic confidence in Japan, with shares rallying and the yen dropping.

Comment

China slowdown abates as Li pledges reform

 

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China's economy stabilised in August, with inflation and export data offsetting fears of a slowdown in the world's second-biggest economy.

The IMF knows that the Fed is playing with fire in emerging markets

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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