Confidence at City firms falls as fears over austerity measures take their toll

first_img Tags: NULL Share by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeNoteabley25 Funny Notes Written By StrangersNoteableyTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was The Dream Girl In The 90s, This Is Her NowMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comSmartAnswers.netThis New Volkswagen SUV Is The Car Of Your Dreams.SmartAnswers.netAll Things Auto | Search AdsBuick’s New Lineup Is Truly StunningAll Things Auto | Search Ads Confidence at City firms falls as fears over austerity measures take their toll whatsapp CONFIDENCE levels held by City businesses have dipped, according to new research, despite firms seeing a general rise in turnover and profits.The business confidence monitor survey, conducted by accountants Grant Thornton and the Institute of Chartered Accountants for England and Wales (ICAEW), found that confidence amongst London’s businesses has fallen in the last three months as uncertainty over austerity measures have taken its toll.Ian Strange, ICAEW’s London regional director, said: “Businesses in the capital are now facing the challenge of surviving the recovery. They still don’t know what the future holds and are uncertain about how the mood of fiscal austerity will impact on the economic recovery.”The survey’s confidence index, which ranks overall responses to the survey, fell from 28.1 points during the last quarter to 25.9 this quarter, indicating that businesses are weary about future growth.However, the survey also found that 1.7 per cent of London firms saw revenue grow over the year, while 1.5 per cent reported a rise in profits. center_img whatsapp Tuesday 31 August 2010 8:49 pm Show Comments ▼ Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proof KCS-content last_img read more

World trade picks up again as economy begins to recover

first_img WORLD trade continued to rebound strongly in the first half of this year, rising by over a quarter from year-ago levels, with emerging economies showing particularly powerful export growth, World Trade Organisation (WTO) figures showed yesterday.Trade typically grows and contracts at much faster rates than the overall economy, but the WTO data confirm the strength of the global recovery in the first half of this year.Global exports of merchandise goods, measured by value in current dollars not adjusted for price changes, were 25.8 per cent higher in the second quarter than a year earlier, after a 25.7 per cent rise in the first quarter, WTO statistics showed.That meant trade in the first half of the year was about 25 per cent higher by value than a year earlier, but still below its mid-2008 peaks.The second-quarter rise in Russia and other former Soviet republics was 43.9 per cent, and in Asia 37.5 per cent. Even North America, including Mexico, outpaced the global figure, with a rise of 28.5 per cent, but export growth in Europe at 13.2 per cent grew at only half the overall global rate.The figures are based on monthly statistics from about 70 economies representing about 90 per cent of world trade. KCS-content World trade picks up again as economy begins to recover Show Comments ▼ Share Wednesday 1 September 2010 8:22 pm whatsappcenter_img whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsThe No Cost Solar ProgramGet Paid To Install Solar + Tesla Battery For No Cost At Install and Save ThousandsThe No Cost Solar ProgramTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastAll Things Auto | Search AdsNew Cadillac’s Finally On SaleAll Things Auto | Search AdsHero Wars This game will keep you up all night! Hero Wars Blood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure SolutionBetterBe20 Stunning Female AthletesBetterBeLiver Health1 Bite Of This Melts Belly And Arm Fat (Take Before Bed)Liver Healthmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.com Tags: NULL Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proof last_img read more

Goldman hit with £17.5m fine from FSA

first_imgThursday 9 September 2010 8:42 pm Tags: NULL Goldman hit with £17.5m fine from FSA Share by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May Likebonvoyaged.com40 Dated Things That Show Your Agebonvoyaged.comhttps://alldelish.com44 Healthy Low-Carb Foods That Taste Incrediblehttps://alldelish.comDidUKnowUnsold 2018 SUVs Now Almost Being Given Away: See PricesDidUKnowRecetas Get5 Common Cancer Signs to Pay Attention ToRecetas GetSportPirateElle Macpherson Is Almost 60, Try Not To Smile When You See Her NowSportPirateSportinalRemember These Olympic Gymnasts? This Is How They Look NowSportinalBarxBuddyHow To Instantly Get A Dog To Stop BarkingBarxBuddyCakeHDThe Most Beautiful Women Of All TimeCakeHDLife Exact BrazilRemember Grace Jones? She Is Almost 73, See Her NowLife Exact Brazil whatsappcenter_img More From Our Partners Supermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comPuffer fish snaps a selfie with lucky divernypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.com whatsapp GOLDMAN SACHS has been slapped with a £17.5m fine for failing to tell the City regulator about a US investigation into Fabrice Tourre, the trader at the heart of a derivatives scandal.The Financial Services Authority (FSA) criticised the Wall Street titan for a breakdown in internal communication that meant Goldman’s American branch did not warn its UK office of the Securities and Exchange Commission (SEC) probe into Tourre’s role putting together a mortgage-backed security called Abacus. In turn, the UK division did not inform the watchdog. Tourre moved from New York to London midway through the SEC’s inquiry.The SEC accused Goldman of defrauding investors in Abacus by allowing John Paulson, a hedge fund manager, to help design its portfolio while planning to sell it short. Buyers including German bank IKB lost an estimated $1bn (£648m) when Abacus’ property loans turned toxic.Goldman settled the case for $550m in July, although Tourre denied any wrongdoing.Yesterday, the FSA said it did not find out Tourre had been served with a Wells Notice – which signifies US authorities’ intention to prosecute – until the SEC went public with its charges in April. The regulator chastised Goldman for “weaknesses” in its compliance routine.Enforcement director Margaret Cole said: “Goldman Sachs did not set out to hide anything, but its defective systems and controls meant the level and quality of its communications with the FSA fell far below what we expect of an authorised firm.”A Goldman spokesperson said: “We are pleased the matter is resolved.”The strength of the penalty, the second-largest the FSA has issued, was designed to embarrass the controversial investment bank. But analysts said it would have little impact on Goldman’s image in the UK.Stefano Harney, professor of strategy at Queen Mary, University of London, said: “This won’t do much damage. Just as Goldman’s huge bonus pools perversely enhance their reputation, judgements against them prove they’re at the cutting edge.”Shares in Goldman closed 1.1 per cent up at $149.14 in New York. KCS-content Show Comments ▼last_img read more

Goldman partnership to expand to make room for new members

first_img KCS-content Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof whatsapp Show Comments ▼ GOLDMAN Sachs is set to break with tradition in coming months by relaxing the constraints on the number of employees admitted to the hallowed ranks of its partnership.Instead of the usual “de-fanging” process, whereby some existing partners are demoted from the partnership to make way for up-and-coming talent, Goldman will this year allow the size of the pool to expand.Goldman’s top executives are understood to want to reward existing partners for their hard work during a particularly tough couple of years for the bank, both financially and in the public eye. Around 100 of the bank’s top employees are expected to be promoted by the time the biannual process is completed in mid-November, boosting the size of the partnership by around a quarter. Usually some partners would move jobs and others would be asked to step down to make way for the new intake, keeping the number of partners relatively stable.Apart from prestige, one of the primary benefits of joining the partnership is the generous compensation deals handed out to members, which are usually boosted by way of large annual bonuses rather than increased salaries. Sharecenter_img whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.com Goldman partnership to expand to make room for new members Sunday 19 September 2010 10:31 pm Tags: NULLlast_img read more

3i in £18.3m deal for MIM

first_img whatsapp Tags: NULL Show Comments ▼ Private equity group 3i is to buy debt management business Mizuho Investment Management in an £18.3m deal.3i has agreed to but 100 per cent of the shares in business Mizuho Investment Management (MIM).MIM specialises in the management of funds raised to invest in senior and subordinated corporate debt, providing investment advisory services in return for fees.It has 28 staff and has rub eight funds totalling more than £4bn since 2005 and had £3.7bn of assets under managementat 31 March 2010.3i’s existing debt management activities will be merged with MIM to form a distinct business line, 3i Debt Management.Jeremy Ghose, chief executive officer (CEO) of MIM will become Managing Partner and Chief executive of 3i DM and will join 3i’s leadership team.3i group chief executive Michael Queen said: “There is an excellent cultural fit with 3i and the expanded business will create an enhanced debt platform to grow profitably into the future.” More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comWhy people are finding dryer sheets in their mailboxesnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org Monday 27 September 2010 2:54 amcenter_img Share 3i in £18.3m deal for MIM John Dunne by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.com whatsapplast_img read more

TfL brings in extra services

first_img whatsapp Tags: NULL LONDONERS trying to beat today’s underground strike will be able to make use of over 100 extra buses, 10,000 more places on riverboat services and a Tube service operating at 40 per cent capacity, Transport for London (TfL) has said.The strike is due to end at 9pm today after a 24-hour walk-out. However, TfL says it cannot promise that normal services will resume until tomorrow morning.In zone one, all lines except the Circle and Piccadilly lines will have some services running, although trains are likely to be less frequent than normal. In other zones, most stations will be closed but could open late in the evening when the strike has officially ended. Buses and riverboats will run extra services while the overground, Tramlink and Docklands Light Railway will operate as normal. Volunteers will also hand out walking and cycling guides at Tube stops. CBI deputy general director John Cridland said: “Just 33 per cent of balloted members supported the strike – only 17 per cent of the total London underground workforce.”The biggest Tube transport unions, RMT and TSSA, say they are striking in protest at 800 job losses. Three hundred of the jobs are to be shed through not filling vacated posts. whatsapp KCS-content TfL brings in extra services Sharecenter_img Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was Famous, Now She Works In {State}MoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStorymoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDirect HealthyKate Silverton’s PartnerDirect Healthythedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.com Tuesday 2 November 2010 10:09 pm More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgConnecticut man dies after crashing Harley into live bearnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.com last_img read more

Oracle doubles SAP loss

first_img whatsapp KCS-content Show Comments ▼ Monday 8 November 2010 9:53 pm Share by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMike HistoryAt 66, This Is Bruce Willis’ Private CarMike HistoryAmoMediaMan Leaves Wife For Her Sister, Her Revenge Is BrilliantAmoMediaBewadaHusband Divorced His Wife After Looking Closer At This PhotoBewadaMold Removal | Search AdsBathroom Mold Removal Tips That Might Surprise Most AmericansMold Removal | Search Ads5log – Livinguard®This mask has been sold out in Germany 5 days after the government has tighten up5log – Livinguard®Scalp Psoriasis SearchWhat Exactly is Scalp Psoriasis? See the SymptomsScalp Psoriasis Searchcutenova.comTake a Peek at 10 of the Most Expensive Houses in the Worldcutenova.comHealth.recetasgetHeart Attack Early Warning Signs and SymptomsHealth.recetasgetCleaning Services | Search AdsHere’s What Cleaning Services In Scottsdale Should Actually CostCleaning Services | Search Adscenter_img whatsapp Tags: NULL Oracle doubles SAP loss Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap ORACLE’s chief executive Larry Ellison claimed in court yesterday that SAP’s theft of its software cost his company $4bn (£2.4bn), doubling his previous estimate.But Ellison failed to bring written evidence to support his testimony.SAP lawyers immediately challenged Ellison to back up the new figure, but Ellison said he could not cite documentation proving his company’s claim of the cost of lost business. German-based SAP has said it owes Oracle only tens of millions of dollars.Ellison also failed to back up his claim that Hewlett-Packard’s new chief executive, Leo Apotheker, knew of the theft while he was in charge of SAP and did nothing about it until Oracle sued. The two software companies, which together dominate the business software market, are in court to determine the amount of damages for the software theft which SAP has already accepted liability for. last_img read more

Ofcom warns BT on competition

first_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeHistorical GeniusHe Was The Smartest Man Who Ever Lived – But He Led A Miserable LifeHistorical GeniusMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan Times Tuesday 21 December 2010 8:24 pm More From Our Partners Inside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org Tags: NULL Communications regulator Ofcom has warned BT it has infringed on competition law over its wholesale calls prices. The telecoms giant strongly denies the claims it squeezed margins by setting the price charged to other providers for its wholesale service at a level that would hit other operators between July 2008 and April 2009. Sharecenter_img whatsapp KCS-content whatsapp Ofcom warns BT on competition Show Comments ▼last_img read more

Change at the top for optimistic S&N

first_img whatsapp Change at the top for optimistic S&N Thursday 10 February 2011 8:11 pm More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org Tags: NULL whatsapp Share PERENNIAL takeover target Smith & Nephew posted strong fourth-quarter profits yesterday, as chief executive David Illingworth announced he would be stepping down on 1 April, to be replaced by Olivier Bohuon. Pre-tax profits for 2010 were up 33 per cent at the medical devices manufacturer, rising to $890m (£552m) from $670m the year before. Sales were up at $4bn compared to $3.8bn in 2009, and earnings per share rose from $0.53 to $0.69.The companies shares reacted well to the positive figures yesterday, closing 2.1 per cent up on the previous day at 727p.Smith & Nephew has been the subject of various takeover rumours ­since the end of last year, with its share price reflecting the interest with a rise of more than 20 per cent since December. Industry names Biomet, Johnson & Johnson, Zimmer and Stryker have all been touted as potential buyers, though Smith & Nephew said last month that it was not engaged in any talks that might lead to a takeover or merger. Illingworth said that his departure was in no way linked to the speculation, and that he had no immediate plans to take on a role elsewhere. Show Comments ▼ KCS-content last_img read more

Osborne rips up planning rules

first_img whatsapp Tags: NULL Thursday 3 March 2011 8:30 pm GEORGE Osborne is pushing for sweeping changes to Britain’s planning regime as part of a package of low-cost measures designed to kick-start growth, City A.M. has learned.He wants to make it much easier for companies to obtain planning consent for new projects – even if they go against the wishes of local residents – allowing them to expand their businesses while also providing a timely boost for the construction sector. The changes would also enable ministers to fast-track large scale infrastructure like nuclear power stations. But the Treasury’s decision to try to overhaul the planning system has put it on a collision course with Eric Pickles, the communities secretary. It sits uneasily with his localism agenda, which aims to devolve control over planning decisions to local communities which are often resistant to building projects. One source close to the negotiations said: “We’ve had lots of meetings with ministers from the Department for Communities and Local Government (DCLG). We’re now close to agreeing a pro-growth package.” Osborne hopes the planning shake-up will form the centrepiece of a series of reforms designed to boost economic growth without the need for more government spending. He is also likely to announce the scrapping of some costly regulations, in a bid to free up cash for investment as well as various other supply side reforms. An ally of the chancellor said: “We’ll be explaining that Labour was wrong to say that the only way to be pro-growth is to spend loads of money.” The measures will be contained in a Growth Review, which will be unveiled alongside the Budget on 23 March. The chancellor decided to take control of the review because he was unhappy with the quality of ideas coming from Vince Cable’s business department. However, in a speech to a City audience last night, Cable insisted he was fully signed up to the measures contained in the review. Businesses have been disheartened by the coalition’s approach to planning since it won power last May. It is abolishing the Infrastructure Planning Commission, which was set up by the previous government and was widely seen as a valuable bulwark against nimbyism. Firms also complain that local planning authorities are too focused on the wishes of residents rather than businesses. Share whatsapp KCS-content More From Our Partners Kansas coach fired for using N-word toward Black playerthegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comColin Kaepernick to publish book on abolishing the policethegrio.comMark Eaton, former NBA All-Star, dead at 64nypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comFort Bragg soldier accused of killing another servicewoman over exthegrio.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.com Show Comments ▼ Osborne rips up planning rules last_img read more