Maybe, had Sir Fred Goodman retired two years ago when the price of Royal Bank of Scotland share was 705p and RBS was worth £65 billion, then a £650,00 year pension might have be understandable. At that point in time he had led the bank to a successful takeover of the National Westminster Bank and […]
Step Aside Prime Minister. The President Will Save The World
Gordon Brown believes he may have saved the world last November with his global anti-recession package but it is time for him to step aside, and play Robin to Obama’s Batman to finish the job. [Sorry Gordon, it is back to being number two, which is where you perform best] Let’s look at Obama’s plan […]
It’s Official: The UK Is In Recession (And It’s A Deep One)
GDP Falls Steeply By 1.5% With today’s figures indicating that the Gross Domestic Product fell by 1.5% over the last three months coupled with the previous quarter’s drop of 0.6% meant that the UK is finally officially in recession after two quarters of negative growth. Here is the breakdown Construction output – down by 1.1 […]
Microsoft Limps In Behind Apple With Reduced Earnings
A day after the excellent quarterly results from Apple it was Microsoft’s turn. Although revenues were up 2% to $16.63 billion, net income was down 11% to $4.17 billion, which demonstrates a significant fall in profitability. This drives the need to reduce costs and has led to confirmation that 5000 jobs will be cut at […]
Obama’s Faith In Technology Answered By Apple
Technology Is The Way Forward In the 44th president’s inauguration speech, Barack Obama talked the key role of science and technology in rebuilding the USA. “We will restore science to its rightful place and wield technology’s wonders to raise health care’s quality and lower its costs.” The Big Apple Bucking the trend of gloomy results, […]
