Tories vow to introduce banking tax

2010-03-20T13:15:33Z

<div><p>The Conservatives pledged Saturday to impose a US-style tax on banks to claw back money spent bailing them out, just weeks before a general election they are tipped to win.</p><p>"We had the biggest bank bail-out in the world. We can't just carry on as if nothing happened," said Conservative leader David Cameron, whose party is leading opinion polls ...

Banker sues SocGen, claims he was "too successful"

2010-03-17T11:46:00Z

<div><p>LONDON (Reuters) - A former banker is suing his old employer, French bank Societe Generale, claiming he was dismissed for being "too successful."</p><p>Raphael Geys, who was a managing director of European fixed income sales for SocGen, said in documents for his case at General Dynamics is the winner over BAE Systems in the race to build a new generation of armoured reconnaissance vehicles for the British army, the Financial Times reported on Saturday.</p><p>The contract for Scout vehicles is worth more than one...

General Dynamics 'to win army vehicle contract'

2010-03-13T10:15:20Z

<div><p>General Dynamics is the winner over BAE Systems in the race to build a new generation of armoured reconnaissance vehicles for the British army, the Financial Times reported on Saturday.</p><p>The contract for Scout vehicles is worth more than one...

Regulators tell banks to restrict dividends, buybacks: report

2010-03-10T05:45:32Z

<div><p>NEW YORK (Reuters) - Shareholders may have to wait for months to retrieve capital after U.S. regulators told banks not to increase dividends or buy back shares amid political and economic uncertainty surrounding the financial industry, the Financial Times reported on Wednesday.</p...

Leibovitz agrees loan deal with Colony Capital: report

2010-03-08T19:00:07Z

<div><p>LONDON (Reuters) - Celebrity photographer Annie Leibovitz has arranged a deal with a private equity firm to sort out her debts, the Financial Times reported in its Tuesday edition.</p><p>The paper said Leibovitz, who has photographed everyone from Reuters) - Prudential Plc <PRU.L> CEO Tidjane Thiam will attempt to charm leading shareholders on Monday, moving to quell disquiet over the British insurer's $35.5 billion bid for AIA, the Asian arm of Hong Kong, a newspaper reported on Saturday, in a move that illustrates Asia's rising demand for luxury goods.</p><p>The France-based company, which sells skincare products in 85 countries, could raise as much as 700 million US dollars in the offering, the

Financial Times US editor heading to Reuters

2010-03-01T12:33:21Z

<div id="subtitle">Financial Times US editor Chrystia Freeland heading to Reuters as global editor-at-large</div><div><p>The U.S. managing editor of the Financial Times is leaving to join the Re...

News Corp eyes stake in Saudi-owned Rotana Media: report

2010-02-23T06:15:50Z

<div><p>Media giant News Corp is set to agree a deal to buy 10 percent of Rotana entertainment, owned by Saudi tycoon Prince Alwaleed bin Talal, the Financial Times reported on Tuesday.</p><p>A deal could be announced Tuesday, said the FT, adding t...

Lloyds says boss gives up annual bonus

2010-02-22T13:16:16Z

<div><p>State-rescued Lloyds Banking Group announced Monday that its chief executive Eric Daniels would not take his annual bonus of 2.3 million pounds.</p><p>The group, which is 43-percent state owned after being bailed out with billions of pounds, revealed the news in a statement amid intense media speculation on...

Chinese consultant wrote code used in Google attack: FT

2010-02-22T10:16:18Z

<div><p>US analysts believe a Chinese freelance security consultant with government ties was the author of the code used in cyberattacks on Google and other companies, the Financial Times reported on Monday.</p><p>The Wall Street Journal reported meanwhile that a prominen...

U.S. pinpoints code writer behind Google attack: report

2010-02-22T06:00:31Z

<div><p>BEIJING (Reuters) - U.S. government analysts believe a Chinese man with government links wrote the key part of a spyware programme used in hacker attacks on Google last year, the Financial Times reported on Monday.</p><p>The man, ...

RBS chief to forgo bank bonus: report

2010-02-22T02:15:55Z

<div><p>The boss of state-controlled Royal Bank of Scotland will refuse his bonus for 2009, the Financial Times reported on Monday.</p><p>RBS chief executive Stephen Hester will waive his right to a possible 1.6 million pounds, the bank is ...

Ex-ambassador, FT lament Falklands flare-up

2010-02-19T23:15:35Z

<div><p>The Financial Times lamented the stand-off between London and Buenos Aires over oil exploration around the Falkland Islands, in an editorial Saturday.</p><p>A former British ambassador to

Battling British PM backed by economists

2010-02-22T08:14:07Z

&lt;div&gt;&lt;p&gt;Prime Minister Gordon Brown warned against risking Britain's fragile economic recovery Friday, stressing growth before deficit cuts, as top economists backed his plans ahead of a general election.&lt;/p&gt;&lt;p&gt;Brown said now was "not the time to put the recovery at risk," criticising Prime Minister Gordon Brown warned against risking Britain's fragile economic recovery Friday, stressing growth before deficit cuts, as top economists backed his plans ahead of a general election.&lt;/p&gt;&lt;p&gt;Brown said now was "not the time to put the recovery at risk," criticising Prime Minister Gordon Brown warned against risking the fragile economic recovery Friday, stressing growth before deficit cuts, as top economists backed his plans ahead of a general election.&lt;/p&gt;&lt;p&gt;Brown said now was "not the time to put the recovery at risk", criticising David Cameron's op...

Britain's National Trust eyes Abbey Road studios

2010-02-22T08:49:20Z

<div><p>Britain's National Trust, which looks after historic properties for the public good, is thinking of buying London's iconic Abbey Road studio from its debt-ridden owners, the organisation said Thursday.</p><p>The trust, a heritage body which manages stately homes, parks and other facilities across the country, r...

National Trust eyes Abbey Road studios

2010-02-22T08:50:33Z

<div><p>The National Trust, which looks after historic properties for the public good, is thinking of buying London's iconic Abbey Road studio from its debt-ridden owners, the organisation said Thursday.</p><p>The trust, a heritage body which manages stately homes, parks and other facilities across the country, responded after reports that the studios made famous by

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