May 13 2013 00:02 BST Anger as no-tax company wins mobile dealA company that has paid no corporation tax for eight years has won a £150m government tender to improve mobile connectivity, despite calls for it to be excluded from public sector contracts. Arqiva, the communications group, said no additional pressure had been placed on its tax status, which is legal,By Henry Mance and Kiran Stacey |
May 07 2013 00:13 BST Emerging markets: Questions hang over eastern dreamsAsia became the focus of ambitious global banks in 2009 as they unleashed a wave of investment across the region. After the financial crisis in the west, it was their best hope for profits or growth of any kind. That commitment has come into question as head offices have begunBy Paul J Davies |
May 06 2013 16:44 BST Call for M6 Toll motorway to be nationalisedBritain's only pay-to-use motorway, the M6 Toll, has performed so poorly that it should be nationalised to relieve congestion around Birmingham, according to the head of the region's transport body. The 27-mile stretch of road that was designed to ease congestion on the main M6 in the West Midlands hasBy Mark Odell, Transport Correspondent |
May 05 2013 14:59 BST Macquarie: a different beastKer-ching! Macquarie was dubbed the millionaires' factory as its rocketing share price, pre-financial crisis, made paper fortunes for its bankers. The Australian investment bank reported its first rise in profits in three years last week. That sent its shares up by a 10th and added many millions to the bank's |
May 03 2013 04:49 BST Macquarie posts first rise in annual profits in three yearsMacquarie Group has recorded an increase in annual profits for the first time in three years and announced a big dividend increase, sending shares in the Australian investment bank to their highest level since 2010. Net profit in the year to March rose 17 per cent to A$851m (US$874), exceedingBy Neil Hume in Sydney |
Mar 12 2013 20:19 GMT British Land in £500m share placingBritish Land, the UK's second largest landlord by market capitalisation, became the latest company to take advantage of the country's resurgent equity markets, asking investors for £500m to fund an acquisition spree in and around London. The share placing came on the same day that the FTSE 100 group announcedBy Ed Hammond, Property Correspondent |
Feb 24 2013 04:16 GMT Robeco deal generates great interestMore than 50 potential bidders expressed interest in Robeco, the asset management arm of Rabobank, that was last week sold to Orix of Japan, according to advisers on the deal. The unusually high level of interest in the Dutch house, which has €189bn of assets under management, is a signBy Steve Johnson |
Jan 05 2013 02:48 GMT Elliott reveals insider trading inquiryElliott Management, the $20.5bn hedge fund, has disclosed an investigation by a French regulator into alleged insider trading by its UK unit during 2010 in the shares of Autoroutes Paris-Rhin-Rhône, a French toll road company. The hedge fund run by Paul Singer said in a regulatory filing sent to investorsBy Dan McCrum in New York |
Dec 04 2012 15:28 GMT Water companies claim high ground on taxShould the UK's leading water companies be grouped with a range of multinational companies that have been criticised for paying little or no corporation tax on earnings made in Britain? Simon Hughes, MP for Bermondsey and deputy leader of the Liberal Democrats, thinks so. At a parliamentary meeting on Monday,By Michael Kavanagh |
Dec 02 2012 23:29 GMT Thames Water buoyed by price risesInflation-beating increases in customer bills helped Thames Water's interim revenues to rise 6 per cent in spite of the hosepipe ban and subsequent torrential rain that depressed summer demand for water. Britain's biggest water and sewerage service provider by turnover increased its net borrowing in the six months to SeptemberBy Michael Kavanagh |
