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Children’s charity warns of "financial inertia"over government education U-Turn 
Posted on  09-04-2010 11:15:57 AM (GMT +01:00)
Published By  declan@thelondondailynews.com

Britain's leading children’s financial charity has expressed serious fears after the government seemly reneged on a promise to make economic education compulsory.

This week the government dropped reforms to make Personal, Social, Health & Economic Education statutory in schools after failing to win Conservative support. Compulsory financial education ...


  
Radio boss demands end to "double taxation" licence 
Posted on  09-04-2010 10:58:11 AM (GMT +01:00)
Published By  Business Desk

It has always struck me a little bit cheeky that if people turn on a radio in an office or shop or bar the owner of that establishment must have a music licence from PPL and PRS, even though the radio station has already paid a healthy licence ...


  
Another blow to London financial services, Paris opens clearing house 
Posted on  29-03-2010 10:27:33 AM (GMT +01:00)
Published By  City News Desk

City News Desk

Paris has moved into the clearing of credit default swaps, a direct challenge to London which has historically dominated the market.


The French government have pushed for Paris to take the top spot for financial services in Europe, with a ...

  
Lebedev becomes Britain’s latest press baron 
Posted on  27-03-2010 02:28:36 AM (GMT +01:00)
Published By  declan@thelondondailynews.com

Russian billionaire and former KGB man Alexander Lebedev has joined Rupert Murdoch and Richard Desmond to become Britain’s latest press baron.

This week he sealed the deal on acquiring the Independent and Independent on Sunday, adding them to his London’s Evening Standard title and secured the backing of all ...


  
Terra Firma win Round One - Citigroup case held in New York 
Posted on  26-03-2010 09:18:02 AM (GMT +01:00)
Published By  Business Desk

Terra Firma, the troubled private equity group who own EMI, have won round one of their legal squabble with Citigroup regards the equity firm's purchase of the music major back in 2007.

Terra Firma are suing their bankers over allegations Citigroup execs gave bad advice, and withheld crucial information, ...


  
Nearly 100 MPs sign 'Save BBC 6Music' motion 
Posted on  26-03-2010 09:11:47 AM (GMT +01:00)
Published By  declan@thelondondailynews.com

Nearly 100 have signed an Early Day Motion tabled by Labour man Tom Watson calling on the BBC to reverse their plans to shut down 6music and the Asian Network.

Though Tory culture man Ed Vaisey, who flip flopped that he supported the axing but was then ...


  
More Murdoch Paywalls - Times and Sunday Times charge from June 
Posted on  26-03-2010 09:37:21 AM (GMT +01:00)
Published By  declan@thelondondailynews.com

More Rupert Murdoch paywalls will be erected in the UK as the Times and Sunday Times announced it was to charge for online content.

From June the two leading broadsheet papers will bill users £1 a day for access and £2 for a weeks readership.

Many in the ...


  
Budget for continued recovery "nothing pre-ordained”, first time buyers get fillip 
Posted on  24-03-2010 02:15:27 AM (GMT +01:00)
Published By  City News Desk

City News Desk

In an otherwise lack lustre budget, the Chancellor Alistair Darling has thrown a fillip to first time buyers with the stamp duty threshold being increased as of tomorrow with it doubling to £250,000 benefiting 9out of 10 first time buyers. The ...

  
Biggest insider dealing ring busted by City watchdog in dawn raids 
Posted on  24-03-2010 08:57:40 AM (GMT +01:00)
Published By  City News Desk

-  FSA launches criminal investigations into possible insider dealings by "big City names"

City News Desk


The City is waking up to the news that the Financial Services Authority has raided the homes and offices of some of the largest names in ...

  
London relegated to second place as "city of choice" for wealthy 
Posted on  23-03-2010 09:39:52 AM (GMT +01:00)
Published By  City News Desk

- New York is now city of choice for “uber-rich”

City News Desk


London is no longer the top choice for wealthy investors and bankers; New York has assumed top spot, according to the 2010 Wealth Report published by Citi Private Bank and Knight ...


  
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Petraeus: Quran-burning harms troopsThe U.S. commander in Afghanistan criticized a U.S. church's plan to burn copies of the Quran on September 11, warning the event "could cause significant problems" for troops.

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