London Mercury
LondonMercury.com Wednesday 8th September 2010 Issue 8/364
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Retirement a thing of the past say UK workersRetirement a thing of the past say UK workers
UK people believe retirement as it has been known is generally...


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Can Mobile Apps Save Professional Journalism?
The Future of the Internet and How to Stop It , envisioned the 'appification' of the Internet. Instead of using our web browsers to visit different websites to perform various tasks, we are switching...
Action urged over workplace deaths
Urgent action to stem the number of workplace fatalities in Northern Ireland is needed, SDLP Assembly member John Dallat said.Main contractors should be held responsible at all times for site safety...
EU positive on Irish decision on Anglo-Irish
BRUSSELS (Reuters) - European Union competition chief Joaquin Almunia backed on Wednesday Ireland's decision to split the nationalised Anglo-Irish bank into two institutions in the process of winding...
Court rules against Vodafone in India tax case
The Bombay High Court ruling came as foreign firms show renewed interest in acquiring Indian companies, lured by growth prospects in the world's second-fastest growing major...
UK manufacturing healthy in July but slowdown seen
LONDON (Reuters) - British factory output maintained a healthy pace of growth in July, official data showed on Wednesday, but a slowdown in both manufacturing and the broader economy looks inevitable...
Glance-Energy stocks, led by BP, fuel FTSE turnaround
By Tricia Wright LONDON, Sept 8 (Reuters) - Britain's top share index was higher at midday on Wednesday, boosted by energy stocks led by BP after the oil company reported on the causes of its Gulf of...
Bank seen holding rates amid subdued growth outlook
LONDON (Reuters) - The Bank of England is expected to hold interest rates at a record low this month and probably well into next year to keep the recovery on track, and if growth falters it may...
HSBC faces thorny issues in hunt for new chairman
A man ascends an escalator behind a logo of HSBC at its headquarters in Hong Kong August 2, 2010. HSBC will announce its interim results on...
Rio Tinto eyes stake in potash miner Uralkali - paper
POT.N ) were considering buying into Uralkali, which has a market capitalisation of about $9.9 billion (6.3 billion pounds), sources told Reuters last...
Commercial property price growth falls in August - CBRE
LONDON (Reuters) - British commercial property price growth fell for the fifth consecutive month in August as worries over tenant strength curbed investor enthusiasm for buying discounted assets,...
Bank of England to sit tight as recovery slows
The Bank of England is widely expected to keep its key interest rate at a record low 0.5% at a meeting tomorrow amid signs that Britain's economic recovery is slowing. The bank's Monetary Policy...
BP says Transocean missed danger signs on rig
LONDON (Reuters) - BP deflected much of the blame for a rig blast that led to the United States' worst-ever oil spill, releasing an internal report on Wednesday which said that drilling contractor...
Lonza signs production deal with Glaxo, shares rise
The Swiss drugs industry supplier said it would produce five early stage monoclonal antibodies from Glaxo's biopharmaceutical pipeline and will also help Glaxo with its plans to build its own...
Bank of England's pause set to continue
LONDON (MarketWatch) -- The Bank of England's monthly policy meetings may be increasingly lonely for Andrew Sentance, who has repeatedly urged the central bank to start lifting its key lending rate. ...
Finnish and Swedish peacekeeping forces have come under attack in Afghanistan. The incident occurred Tuesday evening in the Sar-e Pul province, in the city of Sayadi. Noone was injured.
The Finnish and Swedish troops became targets after intervening in a gun battle at a local police station. None of the Finns or Swedes were hurt in the fighting. Finnish troops previously came...
Glance-Britain's FTSE dragged down by banks, miners
By Tricia Wright LONDON, Sept 8 (Reuters) - Britain's top share index fell on Wednesday, led down by banks on nagging concerns about the health of European banks, while worries over Australia's tax...
CEF training for business overseas
A training course on conducting business overseas is to be held on September 29 at the Construction Employers Federation (CEF) headquarters on the Malone Road. The CEF has teamed up with...
Food and drink show gets blooming better
A food, drink and floral show celebrating the best of Northern Ireland's produce will take place at Belfast's Botanic Gardens this month. The Taste Northern Ireland Garden Party is being hosted...
Shake-up in credit unions is 'now vital'
Credit unions, which lend money to people who cannot afford to borrow from banks and building societies, have been warned that paying generous dividends, or interest, on savings is no longer...
Cameron headhunts HSBC chairman for trade minister post
Hsbc chairman Stephen Green is to join the Government as Trade Minister next January, the banking giant confirmed.Mr Green, 61, will step down from HSBC before the end of the year to take up the...
Sales jump 10% at budget hotel chain
Leisure group Whitbread reported stronger sales at its budget hotel brand Premier Inn after a pick-up in demand from business customers.Special offers also boosted occupancy at weekends and holiday...
US urged to focus on border region
A politician in the Republic is calling on the US government to promote the potential of the border region as a location for new industry. Fine Gael's spokesperson on North-South cooperation, Joe...
What will Ryder Cup do for City of Newport plc?
The world's third biggest televised sporting event, the Ryder Cup, will be staged at the Celtic Manor Resort in Newport next month. But what do businesses in the city think the event will do for...
Building society grows lending but profits slip
MONMOUTHSHIRE Building Society has seen a substantial increase in its assets, but has seen a slight fall in profit levels. Profits before tax in the year to the end of April were £2.53m, down...
Output recovers in July after oil rig dip
LONDON (Reuters) - Manufacturing output maintained a healthy pace of growth in July and industrial output recovered from a dip caused by an early start to oil rig maintenance in June, official data...
Minister says Barclays move highlights concerns
Media reports suggested Cable is upset about the appointment but he stopped short of directly criticising the Barclays board. Cable has in the past called for the break-up of universal banks to avoid...
Virgin Money to hire 200 new staff
LONDON (Reuters) - Virgin Money, the financial arm of businessman Richard Branson's Virgin Group VA.UL, said on Wednesday it would add 200 jobs in Edinburgh, providing a boost to the Scottish capital...
Finnish and Swedish peacekeeping forces have come under attack in Afghanistan. The incident occurred Tuesday evening in the Sar-e Pul province, in the city of Sayadi. No-one was injured.
The international troops, patrolling together, went to help local police who had their police station under attack by men shooting at the station with hand guns. Fire was turned against the foreign...
Ulster workers twice as likely to die at work
Employees in Northern Ireland are more likely to suffer a fatal accident at work than staff anywhere else in the UK, according to a new report. However, the audit office said this may be...
Banknote producer De La Rue's staff faked quality tests
The troubled banknote producer De La Rue confirmed yesterday that a number of its employees had falsified paper quality reports for some of its 150 clients, and that the findings of the...
BP to publish oil disaster inquiry report
BP will today publish the findings of an investigation into the causes of the Gulf of Mexico oil disaster which led to the largest offshore spill in history. It remains unclear how much...
Jobs fears as social housing firm faces administration
Thousands of jobs were at risk today as social housing firm Connaught prepares to go into administration. The group's board last night said it was in the process of appointing KPMG ...
The Ryder Cup is huge – but what will it do for City of Newport plc?
Sion Barry , Western Mail Philip Wiscombe, business development manager of Rowecord Engineering As the organisation that delivered the twin-suspension footbridge across the River Usk to take...
Building society grows lending but sees profits slip
Sep 8 2010 by Chris Kelsey, Western Mail MONMOUTHSHIRE Building Society has seen a substantial increase in its assets, but has seen a slight fall in profit levels. Profits before tax in the year...
Fast Growth 50 firms sprint through the gloom
Sion Barry , Western Mail THE fastest-growing companies in the Welsh economy have bucked the recession and will continue to create jobs and prosperity for the economy. That is the message from...
Clubbing TV goes mobile thanks to Welsh firm
Sion Barry , Western Mail A CHANNEL dedicated to the clubbing scene is being made available via mobile phones thanks to technology from a Swansea-based company. Paris-based Clubbing TV is the...
Barclays appoints American Diamond as chief executive
Sep 8 2010 Western Mail MULTI-MILLIONAIRE bank- er Bob Diamond was named as the next chief executive of banking group Barclays yesterday Mr Diamond, who is estimated to be worth £95m, will...
Why accountants can help create a sustainable Wales
Sion Barry , Western Mail Accountants need to be on the front line of promoting a sustainable Wales, argues head of the ACCA in Wales Ben Cotton WITH the worst of the financial crisis seemingly...
Plan to give Welsh entrepreneurs access to help from around globe
Sion Barry , Western Mail A PROJECT which aims to link up high growth potential businesses with industry specific experts who have global networks will be outlined at an entrepreneur event in...
Rock UK to reopen Merthyr Tydfil climbing site as adventure centre
Sion Barry , Western Mail AN internationally-recognised climbing centre in Merthyr Tydfil, which has been closed for a year, is to reopen next month after its landlord struck a new lease deal with...
Premier Inn sees stronger sales as more business customers check in
Sep 8 2010 Western Mail LEISURE group Whitbread reported stronger sales at its budget hotel brand Premier Inn yesterday after a pick-up in demand from business customers. Special offers also...
Ocado fails to impress City
Sep 8 2010 Western Mail ONLINE grocer Ocado’s difficult start to life as a public company continued yesterday after new sales growth figures failed to impress the City. The Hertfordshire...
Portal aims to cut amount of building site waste thrown
Sion Barry , Western Mail A WEBSITE for the construction industry in Wales to trade waste materials usually destined for landfill sites will go live in November. BuilderScrap is an online way for...
Biggest firms paying less to their auditors according to magazine
Sion Barry , Western Mail WHILE the 100 largest UK listed companies may be paying more for their audits, they are paying less in overall fees to their auditors according to new research from...
IT projects on hold in the public sector
Sep 8 2010 Western Mail JUST 4% of computer-related jobs being created are in the public sector following a series of spending cuts by the Government, according to a new study. Public sector...
De La Rue warns of banknote failings
Sep 8 2010 Western Mail BANKNOTE printer De La Rue warned yesterday of a hefty profits blow as it revealed investigations into its recent production crisis found staff had “deliberately...
Association builds up portfolio thanks to bank backing
Sion Barry , Western Mail A SWANSEA-BASED housing association is investing £30m in a major expansion of its housing stock. Family Housing Association (Wales) has gained financial backing...