PRESS DIGEST - British business - Nov 6
BIG BUSINESS FACES TAX RAID
George Osborne has recruited the world's largest economies in a drive for tighter global rules to prevent multinational companies avoiding tax.
COMET OWNER KEPT US IN DARK OVER FINANCES, SAY LANDLORDS
Landlords left in the lurch after the collapse of Comet have rounded on its former private equity owner for failing to disclose financial information while pleading for rent reductions.
FTSE 100 CHIEFS ENJOY A 27 PCT RISE IN EARNINGS
Directors of Britain's top 100 companies have seen their average earnings soar by 27 percent over the past year despite a near freeze in salaries and bonuses, as they benefited from an increase in the value of long-term, share-linked incentive plans.
TRADER'S $1 BLN BET ON APPLE TURNS SOUR
A "rogue trader" in the United States who took an estimated $1 billion gamble on Apple shares that quickly turned sour has left his company, Rochdale Securities, fighting for survival.
CITY TRADER GETS 13 YEARS FOR 32 MLN STG PONZI SCAM
He was the very embodiment of the flash City trader, but Nicholas Levene's story ended yesterday at Southwark crown court when he was sentenced to 13 years in jail for swindling investors out of more than 32 million pounds ($51 million).
STALLING SALES RAISE FEARS OF TRIPLE-DIP RECESSION
Hopes that the economy was on the road to recovery were dampened yesterday when figures showed retail sales stalled last month and growth in Britain's services sector almost ground to a standstill.
BANKS HAVE LOST RIGHT TO SELF-RULE - HSBC CHIEF
HSBC's chairman Douglas Flint told MPs that banks had "lost the right to self-determination" on the day his bank more than doubled to $1.5 billion the amount set aside to cover penalties from US regulators for breaking anti-money laundering laws.
- Ten countries scour sea for Malaysia jet lost in 'unprecedented mystery' |
- Shots fired in air during raid at Crimea naval base |
- Missing Malaysian jet may have disintegrated in mid-air: source |
- Mexico kills drug kingpin reported dead years ago: official
- Pistorius vomits in court at Steenkamp autopsy details