News archive from 19 September 2013

Could Dan Wagner's PowaTag technology save the British High Street?

Dan Wagner was one of the original entrepreneurs at the centre of Britain's dotcom boom and bust. Now he is heading for a stock market comeback with a vision of reinventing this country's troubled high streets, no less, by melding together e-commerce...

 

MARKET REPORT: Shares acquire zest for Aim-listed firm Travel

It is hardly surprising that investors are baffled at the goings on at troubled Aim-listed holiday firm Travelzest. The board was forced to put out a statement to the market earlier this week in response to the company's significant share rise over...

 

ALEX BRUMMER: Mark Carney bends it like Beckham

The latest words from the Bank of England show some gradual evolution in governor Mark Carney's thinking. Or it could simply be a case of when circumstances change, so does the Monetary Policy Committee (MPC). Carney's presence has at least managed to...

 

London to stay centre of gravity for Libor after EU is forced to water down proposals to move powers to Paris

London is set to remain at the heart of the process for setting global financial benchmarks after the EU was forced to water down controversial proposals. Brussels bureaucrats had planned to take powers to regulate the London interbank lending rate -...

 

Smiths Group lights up FTSE leaderboard as it announces special dividend of £118m

Engineering firm Smiths Group, which celebrates a century on the stock exchange next year, was one of the top FTSE 100 share risers after it announced strong results and a special dividend of £118million - or 30p a share. Few analysts expected Smiths...

 

Manuals producer Haynes expands from cars and bikes into tractors as it acquires US firm Clymer and Intertec

Haynes, the producer of manuals considered the bible for all things mechanical, has expanded from cars and bikes into tractors. The firm, which was started in 1956 by John Haynes, who aged two had to be restrained from "driving' his dinner plate,...

 

George Osborne calms housing bubble fears as he argues Help to Buy is not a 'weapon of mass destruction'

The Chancellor has dismissed fears his Help to Buy scheme is fuelling a housing bubble, arguing it is not a "weapon of mass destruction'. "I'm alert to the risk but let's not pretend there's a housing boom,' George Osborne told the Institute...

 

Bank of England upgrades growth forecast but warns that too rapid house price rises could become a problem

Briatin's economy is growing faster than expected, the Bank of England said in the minutes of its latest meeting to set interest rates. The Monetary Policy Committee (MPC) upgraded its forecast for growth to 0.7 per cent for the third quarter of this...

 

Zara's owner Inditex blames poor weather and weak foreign currencies for sluggish performance

Poor weather and weak foreign currencies have hurt Zara owner Inditex, which posted its weakest first-half performance for years. The clothing retailer, which also owns Massimo Dutti and Bershka, said group net profit increased by 1 per cent...

 

Angolan police vow to clamp down on planned protest

The Angolan Revolutionary Movement, which has held several protests since 2011 urging President Jose Eduardo dos Santos to resign after 34 years in power in Africa's No. 2 oil producer, said the march will be peaceful and is protected by Angolan law....

 

NATO chief urges Europe to fill drone, aircraft gaps

Senior U.S. officials, and Rasmussen himself, have expressed growing concern that defence cuts pushed through by cash-strapped European governments have created a big gulf between U.S. and European military capabilities and risk weakening NATO. The...

 

Assad To Destroy Chemical Weapons 'In A Year'

Syrian leader Bashar al Assad has pledged to destroy his stockpile of chemical arms - but warned it would take a year to do so. In an interview with Fox News, Mr Assad said: "I think it's a very complicated operation, technically. And it needs a...

 

HPV vaccine should be given to boys too, says leader of public health doctors

Teenage boys as well as girls should be offered the vaccine that protects against the virus which causes cancers linked to oral sex, the leader of Britain's public health doctors has demanded. Prof John Ashton, president of the Faculty of Public...

Guardian, 00:11 in Health
 
Pet projects: How US retailers are going to the dogs

Pet projects: How US retailers are going to the dogs

Entrepreneur Matt Meeker saw a gap in a lucrative market - the dog lover wanted to spoil his Great Dane, Hugo, but he couldn't find the right retailer to help him. "I wanted to make this dog really happy all the time, and didn't have an outlet...

BBC, 00:14 in Business
 
'We may never get big industry here' in Templin

'We may never get big industry here' in Templin

"After the Berlin Wall came down people here had high hopes," says Volker a touch mournfully as we chat over a glass of beer in his living room. "But not all of them have been realised. Far from it in fact." Volker is a handyman...

BBC, 00:14 in Business
 


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