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27th of July 2011
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News Tag: agree

July 15, 2011

S&P may downgrade US AAA rating

by Kay Mitchell
”S&P
Standard & Poor's (S&P;) has warned it may lower the US triple-A debt rating if a deal to lift the Government’s $14.29 trillion borrowing limit is not agreed soon. The news comes just one day after fellow ratings agency Moody’s said there is a risk of a possible downgrade. Both warnings come as tense negotiations in Washington enter the fifth day ...




November 16, 2010

Taylor Wimpey sees trading in line with expectations

by Kay Mitchell
Taylor Wimpey sees trading in line with expectations
Housebuilder Taylor Wimpey today said it had experienced a homebuyer slowdown, as a result of the Government’s spending cuts, which has deterred potential buyers. Its comments echo those of Persimmon who yesterday said there was little evidence of the traditional autumn period which usually sees families flock to new housing developments as the school summer holidays end. However, Taylor Wimpey, which ...




June 7, 2010

Chancellor Osborne to unveil bank tax

by Kay Mitchell
’Chancellor
Chancellor George Osborne will proceed with a bank levy despite the failure to agree a universal tax at this weekend’s G20 summit. The summit, which was Mr Osborne’s first G20 meeting, saw no mention of a proposal for a bank levy. Speaking after the summit, the Chancellor said: “We'll introduce a levy regardless of whether other countries will or will not.” The ...




January 19, 2010

Cadbury agrees £11.7bn Kraft takeover

by Kay Mitchell
Cadbury agrees £11.7bn Kraft takeover
After months of hostile talks, British confectioner Cadbury has finally agreed to an £11.7 billion takeover by US food giant Kraft. The 186-year-old British company, renowned for Dairy Milk chocolate, is set to advise shareholders to accept the latest bid of 840p a share. Kraft, which is renowned for brands such as Kenco coffee and Oreo biscuits, will pay 840p for each Cadbury ...




September 30, 2009

Britain’s top five banks accept bonus terms

by Kay Mitchell
”Britain’s
It has emerged that Britain's five largest banks have agreed to bonus terms set out by the world’s leading nations at last week’s G20 summit. The five UK banks that have accepted the curbs on bonuses are Barclays, HSBC, Lloyds, RBS and Standard Chartered. Under the new terms set out at last week’s summit, up to 60% of bonus payouts will ...




June 25, 2009

BA to save £10m as 7,000 staff agree to pay cuts

by Kay Mitchell
”BA
British Airways (BA), which recently asked 40,000 members of staff to work for nothing in a bid to cut costs, has now had a response from its employees. The airline, which recently admitted it was fighting for survival, said 6,940 members of staff applied for voluntary pay cuts, including 800 workers who have volunteered to work for ...




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