SEC chief Harvey Pitt resigns and Search begins to replace Pitt
Surging Wall Street futures, bouyed by the US election results, determined the mood, according to Reuters. By 0833 GMT, the FTSE 100 benchmark index was up 25.7 points or 0.7% at 4,171.8 points, after touching 4,192.4, its highest intraday level in more than two weeks.
‘Dealers said the rise was largely due to a surge in U.S. stock index futures, after investors cheered strong gains for the Republican party in US elections, as well as anticipation of a cut in US interest rates,’ said Reuters.
Bus and train company FirstGroup was a significant early riser.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements