Transform Your Team

Kazakhmys, the miner which has a 26pc stake in ENRC, is understood to be happy with how the deal is structured - the consortium would pay in cash and Kazakhmys shares, allowing it to raise its free float - but not with the price.

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Bank savings rates are low and are expected to remain that way so the only way to make money, as long as you don’t need short-term access to your cash, is to invest in the stock market.

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"Where the banks contributed to the problem was that they themselves had taken too many risks on their balance sheet and they simply didn't have enough capital to absorb the losses that were likely to come along and people took fright, they lost confidence in the banks, they didn't provide money to the banks so the banks couldn't lend to businesses or households.

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Lloyds chief executive Antonio Horta-Osorio yesterday told shareholders at its annual meeting: "We expect us to return to profitability this year and to grow our core business, to realise our full potential to deliver strong, stable and sustainable returns for you, the shareholders, and to allow UK taxpayers' investment in the group to be repaid."

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Carlee said the airport could have its own purchasing rules, allowing the airport to circumvent regular city rules for spending money.

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