UK
MALAYSIA PRESS-Quek’s Rank edges Genting in UK-The Edge Financial Daily
…tycoonQuek Leng Chan has outfoxed fellow Malaysian billionaire Lim Kok Thay in the UK casino scene yet again. Just two years after edging Lim’s Genting Group to be the single largest shareholder of Rank Group plc, Quek is now the UK’s top casino mogul – unseating…
PRESS DIGEST – British business – May 15
…”cavalry” to lead the charge against European plans for a bonus cap that could cripple Britain’s financial services industry. Archie Norman has hoisted a ‘for sale’ sign over HSS Hire, the machinery and tools business co-owned with hedge fund Och-Ziff. Financial…
"Significant risk of fraud" in UK Government’s welfare-to-work scheme, say MPs
…UK Government’s flagship Work Programme has been launched at speed and with significant risk and the danger of fraud, a cross-party group of MPs will warn today. The influential Public Accounts Committee is demanding proof that “significantly more people are…
Special reason for Nicol to win this year’s British Open
…only to lose to Australias Rachael Grinham who bagged her fourth British Open title. The tournament was then removed from the calender for two years due to financial constraints and was only revived this year. Nicol, who has won three titles this year, will…
Who’s going to pay to update Britain’s infrastructure?
…would rather put up with it than pay £5.50 for a traffic-free ride on its privately financed rival. Nonetheless, the government would do well to take toll roads or road-user-charging seriously. Not only will we need more roads in the years to come but the…
Government reveals it has balanced the defence budget – but at what cost to Britain?
…could balance his department’s books over the next 10 years. But standing alongside him, Britain’s most senior military commander, General Sir David Richards, admitted the cuts could affect future capabilities. “It could be that some of the methods that we’d…
Greek exit panic sends UK borrowing cost into a dive
…Spain and Italy saw borrowing costs fall earlier this year, after the European Central Bank pumped more than €1trn in cheap loans into the financial system. But the economic gloom has ratcheted up the pressure on Spain recently, sending its benchmark borrowing…
Lottery pledges £285m to boost British film industry
…latest Hollywood blockbusters as part of a £285m National Lottery investment in the British film industry. The British Film Institute (BFI) announced the move, designed to broaden the range of films that cinema-goers can see, after claiming that, outside of…
Britain must not waste yet more billions on EU
…new emergency fund. It is even more outrageous that non-eurozone countries such as Britain are expected to contribute. If other countries are foolish enough to wish to hang on to the doomed single currency then that is their outlook. Britain, however, wisely…
UK News: Osborne warns of eurozone crisis
…he said. “Of course countries have got to make difficult decisions about their public finances. We know that in Britain. But it’s the open speculation from some members of the eurozone about the future of some countries in the eurozone which I think is doing…
Britain’s visa system: a V-sign to visitors | Ian Birrell
…visas online, whether they have internet access or not. Supporting documents such as bank statements and employers’ letters must be translated into English. There are over-long forms and interviews can be hundreds of miles away – Russia has five centres, all…
Krugman Is Wrong about Austerity in Britain – Say the Brits
…(a bad combination, in my view). Not to beat a dead horse, but here is a take on the British situation from, so to speak, the horse’s mouth: Tullett Prebon, a bond trader, said that “public expenditures have hardly been reduced at all” and that claims of a…
Veterans board chair charges to attend UK lectures where wife was participant
…College at Cambridge University north of London, attract movers and shakers in the British and Canadian political and legal communities. Set amid the neatly manicured lawns, waterways and stone ramparts of the centuries-old university, the lectures have featured…
M2M Managed Services Specialist Wireless Logic makes significant UK and European moves
…and a forecast of over one million contracted M2M SIMs during 2012″. Back in the UK, Wireless Logic’s board has been bolstered by the arrival of Richard Miller as Chief Financial Officer, and Matt Thomas as Chief Technology Officer. Managing Director and co-founder…
Yields on UK government bonds drop to record low at 1.87%
…Prebon, warned that gilt yields could rocket if market traders questioned the UK government’s failure to rein in spending. He said the Treasury had succeeded in spinning a myth about austerity cuts that amounted to a mendacious strategy to con private investment…
Seeking British Columbia’s Top Exporters: Call for Nominations Kick-Starts the 30th Anniversary of the BC Export Awards
…supply chains. This is good for our economy, supporting the high quality of life for British Columbians, and good for our manufacturers. The awards will shine a spotlight on those companies that have done an exemplary job in an incredibly competitive environment.”…
British national held in lottery fraud case
…by victim Mitesh Thakur, an accountant at a hotel in Ahmedpur-Mandvi in Una taluka of Junagadh district. Officials of local crime branch (LCB) said, Thomson was arrested with fake US dollars, bottles of chemicals and other materials from a guesthouse in Ahmedpur-Mandvi….
Woods making unusual detour on way to British Open — via West Virginia
…he would add some new stops to his schedule, though it is unclear if there was any financial incentive provided by the resort or Justice in order for him to play the third-year event, staged two weeks before the British Open. Phil Mickelson played at Greenbrier…
Unions call for UK Government’s regional pay plan to be scrapped
…and fails to take into account factors such as differences in levels of qualification. Finance Minister Jane Hutt said last week that the evidence showed widespread opposition to regional public sector pay was very well founded, with the Treasury’s submission…
A cultural revolution and UK defence budget miracle
…were damning reports by parliament’s financial watchdog, the National Audit Office, rebuking the MoD for wasting taxpayers’ money that they barely got a mention in the media even though tens of billions of pounds were at stake. Richards and his individual…
