Category Archives: Economy

Guy Hands does deals his way

The Japanese word kara-oke might mean ‘empty-orchestra’ and financier  Guy Hands is a well-known for his own karaoke rendition of ‘My Way’.  But in contemplating the sale of Odeon & UCI , the Terra Firma cash register may soon be … Continue reading

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Terra Firma Capital May Invest Almost $700 Million in Clean Energy in 2011

Guy Hands’s Terra Firma Capital Partners Ltd. may invest as much as 500 million euros ($692 million) in clean energy this year as low interest rates and rising oil prices make the industry more attractive. The British private equity firm’s … Continue reading

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Utilities buoy FTSE as big freeze hits BA

Utility stocks helped push top shares higher on Monday, as the UK’s near-Arctic conditions boosted demand for energy, but British Airways toiled as the big freeze disrupted airline services.

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Euro slides as stocks falter

The euro fell broadly on Monday on fears of further credit rating downgrades in Europe while global stocks wavered as investors fled from riskier assets to the safety of bonds and gold.

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Interest rates ‘will have to rise sixfold in two years’

Interest rates will have to rise almost sixfold over the next two years to cope with rising inflation, business leaders have warned. It will bring financial pain to seven million home owners with floating interest rates who will see a … Continue reading

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Allied Irish Banks moves £7.9bn property loans to country’s ‘bad bank’

Allied Irish Banks has handed over property loans worth €9.3bn (£7.9bn) to the country’s bad bank as the lender’s debt was downgraded along with that of many of Ireland’s other major banks.

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Mortgage freeze felt in November

UK mortgage lending fell 5% in November compared with the previous month and was down 10% on a year ago, lenders say.

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CBI revises growth forecast down

The CBI cuts its forecast for UK first quarter economic growth and says it expects interest rates to start rising in the spring.

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BAE is linked to Tanzania ‘bribe’

A judge suggests that part of a secret £7.7m payment made by BAE Systems to a businessman in Tanzania was a bribe.

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Asia stocks ease on regional geopolitical risk

Asia shares fall as investors focus on geopolitical risk on the Korean peninsula amid fears Seoul’s live-fire drill could spark retaliation from Pyongyang

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