Investment & Business News Headlines

Right said Fred – write me a cheque, that is

Dear Lord Myners, went the letter from Sir Fred, former boss at RBS…”[you] indicated that you were aware of my entitlement and that no further ‘gestures’ would be required.” And with those words, yet another can of worms was revealed.

So, the government’s City Minister, Lord Myners, knew all along about Sir Fred Goodwin’s pension. And then it got worse, it turns out Sir Fred’s pension payment was discretionary. Discretionary – has such an innocent sounding word ever taken on such an ominous note?

It’s funny, but if you read the word ‘pension’ quickly, it...Read More

Bonus shock: Lloyds TSB makes profit

A couple of weeks ago, the latest shock horror story to hit the front pages related to plans by Lloyds Bank to pay its staff bonuses. How very dare they, said the press.

Some of the more thoughtful media pointed out that most of the bonuses were paid to staff on...Read More

Posted Feb 27, 2009

The Indian and Swedish tale

And from home to away. Maybe it will make a nice change to see how things are doing in two economies we perhaps don’t hear quite as much about as we should: from the rich north, Sweden, and from the heart of the developing world, India.

Alas, Sweden is not so...Read More

Posted Feb 27, 2009

Bonus shock: Lloyds TSB makes profit

A couple of weeks ago, the latest shock horror story to hit the front pages related to plans by Lloyds Bank to pay its staff bonuses. How very dare they, said the press.

Some of the more thoughtful media pointed out that most of the bonuses were paid to staff on...Read More

Posted Feb 27, 2009

The Indian and Swedish tale

And from home to away. Maybe it will make a nice change to see how things are doing in two economies we perhaps don’t hear quite as much about as we should: from the rich north, Sweden, and from the heart of the developing world, India.

Alas, Sweden is not so...Read More

Posted Feb 27, 2009

market's

markets

Posted Feb 26, 2009

Japanese trade dives like kamikaze

There are dives, and there are dives. But not even Christian Ronaldo could match the dive seen in Japanese trade in January. Funnily enough, however, Japan’s GDP may not suffer quite as much from the decline as you may have thought.

In Japan, everything seems to be down, down and...Read More

Posted Feb 26, 2009

House prices: which way now?

You may recall, last month Halifax rather put the cat amongst the pigeons when its latest housing survey reported a 1.9 per cent rise in house prices. Was this a one off, or an early sign of a change in trend? Was the great housing crash nearing its end?

One obvious...Read More

Posted Feb 26, 2009

High Street enjoys surprising rally

Something odd happened in January. Something that some may find hard to believe, and yet it really does seem as if this odd thing happened. The High Street did well.

So, let’s run that one past you again. Woolworths went, so did Zavvi, a chain of other stores are on the brink,...Read More

Posted Feb 25, 2009

US house prices pass bottom

While the man who is without doubt the best US president in the world currently in office, makes lots of speeches about fiscal stimuli, hard economic data saw the light of day yesterday, and pretty significant the data was too.

As you know, the current crisis began in the US, so...Read More

Posted Feb 25, 2009

The migrants begin their exodus home

Cast your mind back to 2007 and before. Back then when things were going swimmingly well, one of the hot topics of discussion was immigration.

These days, of course, immigration isn’t the topic it was. People are more concerned about their own jobs. But it is not difficult to see how...Read More

Posted Feb 25, 2009

Consumers see gradual lift

Here is some good news about a possible recovery in the UK. No, no, really. Take your cynical hat off, there are no catches. There are reasons to think the UK may recover a tad sooner than originally expected. It depends, of course. It could go wrong, but there is...Read More

Posted Feb 27, 2009

Consumers see gradual lift

Here is some good news about a possible recovery in the UK. No, no, really. Take your cynical hat off, there are no catches. There are reasons to think the UK may recover a tad sooner than originally expected. It depends, of course. It could go wrong, but there is...Read More

Posted Feb 27, 2009

Right said Fred – write me a cheque, that is

Dear Lord Myners, went the letter from Sir Fred, former boss at RBS…”[you] indicated that you were aware of my entitlement and that no further ‘gestures’ would be required.” And with those words, yet another can of worms was revealed.

So, the government’s City Minister, Lord Myners, knew all along about...Read More

Posted Feb 27, 2009

market's

markets

Posted Feb 26, 2009

RBS storms to new record: biggest loss in British corporate history

Well, it is a bold plan all right.

RBS has made the biggest loss in British corporate history. In fact, it thrashed the previous record. As you no doubt know, or if you don’t you will be hearing it on the news for the rest of the day, its former...Read More

Posted Feb 26, 2009

The natural path for yuan is down, says guru

As you no doubt know, one of the hottest topics today in politics, and in particular between the world’s only superpower and the world’s next superpower, is that China manipulates its currency.

Some US politicians, and that very much includes men and women in the Obama camp, including Hilary Clinton, have...Read More

Posted Feb 26, 2009

Where will the recovery come from?

At the Institute of Economic Affairs annual state of the economy gathering held at the Institute of Directors yesterday, the great and good of the economics world held forth with their views.

What was quite noticeable is that there seemed to be a different opinion for each speaker. But one thing...Read More

Posted Feb 25, 2009

Shares sink to 12-year low, and Germany sinks to bottom of class

Today’s newsletter is shorter than normal – just the one article covering yesterday’s major events.

But what a set of events they were.

Yesterday saw the Dow Jones plunge to its lowest level in 12 years; Barack Obama uttered the words the world wanted to hear, but are not convinced are going to...Read More

Posted Feb 24, 2009

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