Archive for May, 2007

Stamp duty scrap ‘inevitable’

Thursday, May 31st, 2007

She said: ‘The question is not if, but when. There has been a significant shift in the Government’s thinking about stamp duty following a recent report by think tank Oxera, which found that the removal of the tax would be revenue-neutral.’
Currently, investors pay 0.5% of the value of their transaction when they purchase shares. […]

Daily Mail share tips: Compass and Clipper

Thursday, May 31st, 2007

1-year share movement: +4.5%
Compass chief executive Richard Cousins may be tempted to quit now. Since he arrived last June, shares in the catering giant have soared to 336p. Trading in the five months to February beat expectations with underlying profit margins up 0.4% and revenues ahead 5%.
Compass is the world’s biggest caterer - […]

Judge Dismisses Fannie Mae Lawsuit

Thursday, May 31st, 2007

(05-31) 13:30 PDT WASHINGTON (AP) —
Shareholders may not sue on behalf of mortgage giant Fannie Mae to force changes to its governing policies and recover money lost during a $6 billion accounting scandal, a federal judge ruled Thursday.
The lawsuit sought to hold Fannie Mae board members and former executives personally responsible for manipulating […]

Mother’s stress harms foetus, research shows

Thursday, May 31st, 2007

Stress experienced by a woman during pregnancy may affect her unborn baby as early as 17 weeks after conception, with potentially harmful effects on brain and development, according to new research. The study is the first to show that unborn babies are exposed to their mother’s stress hormones at such an early stage in pregnancy.
The […]

McAlpine crashes on fraud alert

Thursday, May 31st, 2007

Shares had dropped by nearly 19% after two hours of trading this morning, down 116p to 497p.
The firm, which helps to design, build, manage and maintain buildings, said it had suspended two senior managers from its slate business pending further investigation.
It claimed that an investigation by an internal audit team had discovered ’systematic […]