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Producer Price Inflation Grows

11/02/2011

Producer price inflation hit 4.8% for January 2011- a 1% jump from December, data published today by the Office for National Statistics show.


 

Project Merlin: Business Experts Discuss Pros and Cons

10/02/2011

Following yesterday’s announcement of the ‘Project Merlin’ agreement between government and the UK’s largest banks on lending, pay and bonuses, which saw banks agree to lending some £190bn to businesses this year, including £76bn to SMEs, the Forum for Private Business, John Antunes, Head of small businesses at German business software giant SAP, and the UK200 Group discuss the project’s various facets:


 

Bank of England Maintains Low Interest Rate

10/02/2011

The Bank of England’s Monetary Policy Committee today voted to maintain the official Bank Rate paid on commercial bank reserves at 0.5%. The Committee also voted to maintain the stock of asset purchases financed by the issuance of central bank reserves at £200 billion.


 

Bank of England and FSA Announce new Code of Practice for Auditors

10/02/2011

Following joint work with the Bank of England, the Financial Services Authority (FSA) has today published, for consultation, a draft code of practice designed to enhance the dialogue between auditors and supervisors.


 

Businesses Hit by 600% Increase in Cross-Border Debts

10/02/2011

Leading credit management and collection company Daniels Silverman has seen a 600% increase in the value of cross-border debt enquiries as companies experience problems chasing late payments abroad.


 

London and Canadian Stock Exchanges to Merge

09/02/2011

London Stock Exchange Group plc (LSEG) and TMX Group Inc. today announced an agreement to combine Europe and Canada's leading diversified exchange groups in an all-share merger of equals.


 

Project Merlin: Responses to Today's Banking Statement

09/02/2011

George Osbourne delivered his statement on banking today, under Project Merlin. Intended to stimulate business, primarily in the form of a £190 billion loan pool, project Merlin also outlines several other banking reforms, including pay and cash bonus restrictions restrictions.


 

Deutsche Börse AG and NYSE Euronext Confirm Advanced Merger Discussions

09/02/2011

In light of recent market rumors, Deutsche Börse AG and NYSE Euronext (NYX) today confirmed that they are engaged in advanced discussions regarding a potential business combination. They cautioned that no agreement has been reached.


 

Bank of England Urged Not to Raise Interest Rates

09/02/2011

The Federation of Small Businesses (FSB) is urging the Bank of England to keep its nerve and hold interest rates at 0.5 per cent when the Bank of England’s Monetary Policy Committee (MPC) meets tomorrow to set the rate.


 

Chancellor’s £800 Million Bank Tax is No More Than a Smokescreen

09/02/2011

Chancellor George Osborne’s early morning announcement of an £800 million bank levy is no more than a smoke screen to divert attention from his failure to get banks to agree to Project Merlin according to entrepreneur William Chase.