Gartmore Group Ltd. , the U.K. fund manager founded by the Cayzer shipping dynasty, has been sold five times over the past 20 years. Its sixth sale, being run by Goldman Sachs Group Inc., will take place without its biggest asset and liability -- star fund manager Roger Guy .
Yesterday’s split among lawmakers on the U.K. Parliament’s Culture Committee over whether to criticize Rupert Murdoch highlighted again the closeness between News Corp. and Prime Minister David Cameron’s Tory party.
At the News International party last month, Rupert Murdoch got the reception he’s used to in London, with political figures of every stripe and from the prime minister down paying court at the Kensington Palace event.
The arrest of Andy Coulson, David Cameron’s head of communications until January, risks tainting the prime minister’s government, already facing mounting opposition over the deepest budget cuts since World War II.
A deal between the British government and the country’s biggest banks on pay and business lending, known as Project Merlin, is expected to be announced around midday London time, said two people familiar with the discussions.
Chancellor of the Exchequer George Osborne gave to the rich by lowering Britain’s 50 percent top income-tax rate, provoking a backlash as he also took more than 1 billion pounds ($1.6 billion) from pensioners.
U.K. Prime Minister David Cameron promoted Jeremy Hunt to health secretary, replacing Andrew Lansley, and also demoted Justice Secretary Kenneth Clarke in a Cabinet revamp that kept the top ministers in their posts.