ECB meeting preview: What traders should expect from it March 2, 2015 Despite a range of economic indicators suggesting that the Eurozone economy has finally begun to turn a corner, markets had an uncertain start to the week. Although the currency bloc’s unemployment rate slipped to 11.2 per cent in January and a flash estimate of inflation came in at a better-than-expected -0.3 per cent in February, [...]
Crystal Palace replica redevelopment plans by Chinese firm and backed by Boris Johnson ended by Bromley council March 2, 2015 Ambitious plans to recreate London's famous Crystal Palace have shattered into a million pieces after the local council withdrew its support. Plans by Chinese developer ZhongRong and backed by mayor Boris Johnson to rebuild the palace created in 1851 for the Great Exhibition have effectively ended after Bromley council decided not to extend an exclusivity [...]
Buffett reveals new Berkshire has been chosen March 1, 2015 WARREN Buffett has ruled out spinning off Berkshire Hathaway into separate businesses, in his annual letter to investors. Buffett also revealed a successor has been chosen to fill his shoes and addressed the firm’s stake in Tesco which he previously called a “huge mistake”. This year celebrating the firm’s golden anniversary, Buffett’s highly anticipated 14-page [...]
Mobile World Congress 2015: Mark Zuckerberg, wiping the smile off execs’ faces – Bottom Line March 1, 2015 Last year Mark Zuckerberg, the 30-year-old billionaire creator of Facebook, gave the keynote speech at the world’s biggest mobile conference in Barcelona, Mobile World Congress. Speaking to several thousand telecoms execs Zuckerberg called on them to open up mobile internet for the poorest countries in the world and allow free access to basic internet services [...]
Two cheers for Jean-Claude Juncker: The process of EU reform is already underway March 1, 2015 The business view of Britain’s membership of the European Union is clear: the UK needs to be in the EU and to be fully engaged. While this view is not unanimous – there are those businesses that legitimately have a different perspective, either because of the nature of the business or the priorities of the [...]
The five best quotes from Warren Buffett’s annual letter to Berkshire Hathaway shareholders on its golden anniversary March 1, 2015 Warren Buffett often has sage wisdom to share with investors – not least in his annual note to Berkshire Hathaway shareholders. This year’s golden anniversary address concerned a misty-eyed reminiscences of fifty years of the company, it’s ups and downs (mostly ups) and the future 50 years ahead. The note is also full of pearls [...]
Warren Buffett annual letter for golden anniversary: Spin offs, successor CEOs and selling Berkshire Hathaway’s Tesco stake March 1, 2015 Warren Buffett has ruled out spinning off Berkshire Hathaway into separate businesses, revealed a successor has been chosen to fill his shoes and addressed the firm’s stake in Tesco which he previously called a “huge mistake”, in his annual letter to investors. This year celebrating the firm’s golden anniversary, Buffett's highly anticipated 14-page letter reminisced [...]
First it was Scotland, now it’s Wales – David Cameron says he will devolve powers across the UK February 27, 2015 Prime Minister David Cameron has promised to give more powers to Wales through a devolution package unveiled earlier today. "We want to deliver new powers to Wales so that more decisions are taken closer to the people and give greater responsibility to the Welsh Assembly," he said during a speech at Cardiff's Millennium Stadium. [...]
Boris Bikes see red: Santander is the next sponsor of Boris Johnson’s cycle hire scheme February 27, 2015 Say goodbye to the blue Boris bikes: Santander about to paint the town red as the new sponsor of London's cycle hire scheme. They're even renaming them "Santander Cycles". Under a seven-year sponsorship deal worth a cool £6.25m a year, Santander will pay £6.25m a year for the rights to naming the bikes, then add [...]
George Osborne slammed for claiming to have halved £1.7bn EU bill February 26, 2015 George Osborne will come under attack today over his claim to have halved a £1.7bn EU bill that landed on the chancellor’s desk last autumn. A powerful group of MPs led by Tory MP Andrew Tyrie will praise the Treasury for delaying the payments until later this year, but will shoot down Osborne’s bolder claim [...]
