What's that – good news from the Gulf of Mexico?

New boss, and already things are looking better at BP. Yesterday, amidst all the bleak talk of its massive loss, some good news was all but missed. In fact, it may have been just about the best bit of news on BP for a very long time.

Before we tell you...Read More

BP losses enter the stratosphere, as failed boss gets payday and eyes look towards Russia and Libya

And so it was that BP revealed one of the biggest corporate losses in history, fired its boss, and at the same time rewarded him with a bumper pension. Is this another example of reward for failure? Actually, there is more than a touch of irony about how things have...Read More

Posted Jul 27, 2010

UK tourist industry set to boom

Hope has descended upon the UK in the shape of buckets and spades, and stately homes.

According to a new report, the UK tourism industry is set to grow by 60 per cent, taking the industry to £188bn in annual revenue.

Visit Britain published the report, which was produced by Deloitte and...Read More

Posted Jul 23, 2010

While techs boom, banks may be returning to crisis

Technology and demand for the latest products and software could be the founding stone of the next boom.

Maybe, then, there is something almost poetic about the way profits seem set to crash at banks.

Goldman Sachs saw its net income crash from $3.4bn a year ago, to $613m in the latest...Read More

Posted Jul 21, 2010

The end of desktops

A report on CNNMoney asked whether the desktop computer is in its final throes. See: The end of the desktop PC (seriously)

The truth is, the iPad is just the latest in a long line of products to take a dent out of the PC’s monopoly. Digital cameras,...Read More

Posted Jul 21, 2010

Company results season, wealth creators score hat trick against wealth destroyers

In some ways the results coming out of Wall Street illustrate the point.

The last few days have seen results from Apple, Google, Yahoo and Goldman Sachs. That’s quite a contrast, isn’t it? What have the profits at the world’s most influential, or is that controversial, bank got to do with...Read More

Posted Jul 21, 2010

Goldman Sachs gets off with yellow card, as Obama contemplates handing BP red

According to a famous article in Rolling Stone magazine a couple of years ago: “Goldman Sachs is like a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money.” So, there’s another magazine that minces its words.

Last night it was...Read More

Posted Jul 16, 2010

Economy sees sickness boost

We are not as sick as we used to be. According to research from the CBI/Pfizer Absence and Workplace Health Survey, the rate of absence in 2009 was the lowest since the survey began in 1987.

Mind you, the UK economy still lost 180 million working days as workers took...Read More

Posted Jun 07, 2010

BA strike on and off: heavy-handed union or management?

And so it is that the strike at BA is delayed/cancelled. It does seem, however, that the rationale behind the legal decision to stop the strike seems a tad anal. The ballot clearly said workers wanted to strike, but because the union did not make its members aware of 11...Read More

Posted May 18, 2010

Arrogant Pru or timid FSA?

It feels like a comedy of errors. Pru’s efforts to buy for itself the Asian subsidiary of AIG have hit a hurdle made of squirming embarrassment. Shareholders are furious. Words like arrogance and incompetence are being bandied around. But maybe instead we should be casting a vengeful eye further...Read More

Posted May 06, 2010

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