Archive for July 20th, 2010

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Further strikes looming as BA cabin crew reject latest offer

July 20th, 2010 | Author:

There are fresh concerns for more strikes at British Airways (BA) after cabin crew yet again rejected the airline’s offer to end their bitter row over cost-cutting measures.
However, there was a low turnout for ballot, which “encouraged” the airline with less than half of the 11,000 members balloted by the Unite union casting a vote [...]

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Goldman Sachs reports sharp fall in profits

July 20th, 2010 | Author:

US banking giant Goldman Sachs has today announced profits dived 82% in the second quarter to $453 million.
The figures represented the worst quarter since the height of the financial crisis – almost two years ago and were hit by the British bonus levy and a US fraud settlement.
Commenting, Lloyd Blankfein chief executive, said: “The market [...]

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Chancellor Osborne unveils simpler tax system

July 20th, 2010 | Author:

As expected, Chancellor George Osborne has today revealed plans to simplify the UK tax system, in a bid to encourage investment and stimulate economic growth.
The Chancellor said the “spaghetti bowl” of UK tax law will be simplified and said: “The previous government took a complex tax system and made it even worse. A decade of [...]

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US housing starts fall, building permits up

July 20th, 2010 | Author:

The Commerce Department has today revealed US housing starts plummeted in June – far more than expected, raising fears for the already fragile housing market.
According to the Commerce Department, construction of new US homes fell 5% in the month to a seasonally adjusted annual rate of 549,000 properties – the lowest since October 2009 and [...]

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Aquarius Platinum leads miners higher in London

July 20th, 2010 | Author:

European equities markets were mixed Tuesday, with declines for some coming after Hungary conducted a debt sale that got less of a response than had been hoped, and after the US Commerce Department reported that US housing starts were down 5 percent in June from their level in May.
The FTSE 100 was down 0.17 percent [...]

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