By Alex Brummer for the Daily Mail Updated: 17:03 EDT, 16 May 2024 As keepers of the flame of free market capitalism, one can understand Government’s reluctance to become involved in takeovers. The notion that the £3.5billion offer by Czech sphinx Daniel Kretinsky ‘is ultimately a matter for the current …
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The Government has shown little appetite to mount a defence. The Chancellor has talked in platitudes about how there are lessons to be learned from the debt crisis that has engulfed Thames Water at the same time as repeating the tired yet vague mantra that Britain must ensure it continues …
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Yet if it had so little impact, why did both Switzerland and Japan, which were subjected to the same external shocks but did not see anything like the same degree of money growth, have a less severe inflationary experience? In any case, the Bank of England’s latest Monetary Policy Report …
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A Goldman insider says one of the “big reasons” to go ahead with the removal of the bonus cap was to compete with other financial centres better. Richard Gnodde, Goldman’s international chief, said years ago that removing the bonus cap would “put the UK on the same footing, aside from …
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32 consecutive months of net withdrawals from funds by private investors Savers took out more than £13.5bn in 2023 Exodus is terrible for UK stock market and wider economy By Ruth Sunderland for the Daily Mail Updated: 16:50 EDT, 5 May 2024 Ask a fund manager investing in UK shares …
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By Alex Brummer for the Daily Mail Updated: 18:00 EDT, 30 April 2024 There is something dysfunctional about management and continuity at HSBC. Chief executive Noel Quinn, having spent seven months auditioning for the top job, has decided to quit after less than five years at the helm. Contrast this …
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Government, which left Royal Mail so vulnerable, needs to push through reforms These would give current boss Martin Seidenberg a fighting chance New ownership, even if proprietor is benign, involves disruption and risk By Ruth Sunderland for the Daily Mail Updated: 17:06 EDT, 28 April 2024 Czech Sphinx: Businessman Daniel …
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By Alex Brummer for the Daily Mail Updated: 17:03 EDT, 22 April 2024 Andrew Bailey has had little to celebrate of late. He has suffered the slings and arrows of the barbed Bernanke report on Bank of England forecasting and indiscriminate fire from former Prime Minister Liz Truss. Amid the …
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Labour may see a split as an opportunity to renationalise the Royal Mail, convinced that the state would make a better fist of reviving it. But shorn of the cross-subsidies that a highly profitable parcels operation provides, mounting losses from letter deliveries risk being immediately thrust onto the taxpayer. It’s …
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By Alex Brummer for the Daily Mail Updated: 17:00 EDT, 18 April 2024 The main focus for the Western democracies at this finance gathering has been Ukraine in spite of the conflagration in the Middle East. The worry for the UK and Europe is that, unless new resources are released, …
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