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Business News
Now Lloyd’s brokers look to relocate abroad to cut bill for corp...
2008-05-07 06:01 - One of the most prominent players in the Lloyd’s insurance market is
considering shifting its corporate headquarters outside the UK, the latest
in a string of City businesses angered by unpopular tax proposals from the
Treasury. Brit Insurance, the reinsurance broker valued at £800 million in
London, is investigating whether jurisdictions such as Dublin or Geneva are
more tax-efficient than the UK, which is increasingly seen as operating a
business-unfriendly regime.
Little hope for inflation, so no rates move
2008-05-07 06:01 - As the Bank of England’s rate-setting Monetary Policy Committee gathers this
week, its largely united front since the start of the credit crisis last
autumn has given way to division. The fraying of the MPC’s consensus means
that, despite bleak headlines over economic prospects, most of the City
believes that the chances are slight of a back-to-back cut in interest rates
on Thursday.
Barratt Developments says no to offer by Apollo to buy stake of up to ...
2008-05-07 06:01 - Apollo, the American private equity group, is understood to have approached
Barratt Developments to offer to buy a stake in the troubled UK
housebuilder, The Times has learnt.
Multinationals threaten to quit Britain
2008-05-07 06:01 - A posse of Britain’s most powerful businessmen walked through the door of 10
Downing Street 10 days ago to deliver a warning to the prime minister.
Center Parcs plans expansion into Ireland if Woburn site pays dividend...
2008-05-07 06:01 - Center Parcs UK, the leisure group that offers family activity holidays in
some of Britain’s biggest forests, has pinpointed Ireland as its next
location after it opens its new £200 million site in Bedfordshire in 2010.
Centrica close to French tie-up for British Energy nuclear bid
2008-05-07 06:01 - Centrica is in talks with EDF, the French utility giant, to create a new
Anglo-French company to mount an £11 billion bid for British Energy (BE).
The American patient gets a big dose of aid
2008-05-07 06:01 - ONE TEAM of ecomedics has done what it can. Ben Bernanke’s Federal Reserve
Board monetary-policy gurus dropped their short-term interest rate another
0.25 percentage points last week, to 2%, and told their patient, the
American economy, not to look for another shot in the arm. We might do more
for a few patients, since the banks in our care seem to be suffering from a
reduced ability to function normally, but that is about it.
Media Talk: Again, the Journal’s Cartoon Is Off the Editorial Page
2008-05-07 06:01 - Amid a sea of changes at Rupert Murdoch’s Wall Street Journal, a slice-of-life cartoon that has been a mainstay of the editorial page has decamped to the Leisure & Arts section.
Theme Parks Help Disney’s Quarter
2008-05-07 06:01 - The media conglomerate, under scrutiny as an indicator of whether weakness is seeping deeper into the economy, said that operating income in its parks and resorts unit rose 33 percent.
China-India Rivalry Possible in African Telecom Deal
2008-05-07 06:01 - The battle for the African telecommunications company, the MTN Group, could come down to a clash between the world’s largest, and fastest growing, emerging markets.
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