Construction
China accounts probe hits Caterpillar
The US group is forced to take a charge of $580m after it uncovered overstated profit and inventory at the Siwei subsidiary it acquired last year
Categories: Construction
Gates joins US investors’ $1bn Egypt push
Move by investors to acquire all Egypt-traded shares of the country’s largest public company represents one of the biggest currency inflows since uprising
Categories: Construction
Bovis adds to housebuilding optimism
UK builder echoes rosy sentiment of larger rivals as it takes advantage of land bought in a property market trough to boost operating profit margin
Categories: Construction
The Bottom Line:If Mr Cable has his way...
"If Mr Cable had his way, all the big banks would be broken up and bonuses would be virtually eliminated - a sure-fire way in my view of guaranteeing an end to the UK’s ability to compete as an international financial centre. Let’s not forget that this is a man who is on record as saying that everyone who works in a bank has an ‘aristocratic lifestyle’ clearly demonstrating his lack of understanding of the sector." A tough line on bankers’ bonuses could make a brain drain of financial talent a distinct possibility, warns Paul Marsden. Read more