Three things you didn’t know about… April 14, 2014 CFA Institute, managing director for EMEA Nitin Mehta 1 Mehta was born in Tanzania but moved to Gujarat, India when he was young. He learnt to read and write using a slate and chalk – something the iPad reminds him of each time he uses one. 2 He has a first class degree in computer [...]
Success for Ukip as EU polls show Lib Dem slump April 14, 2014 NIGEL Farage’s Ukip party has hit record highs in a string of recent polls, which could spell success at the ballot box in the European elections in May. The most recent ComRes poll this weekend put Ukip on 20 per cent of the vote, with the Conservatives on 29 per cent and Labour polling 35 [...]
Skype your GP if you can’t get an appointment, says Cameron April 14, 2014 MILLIONS of people across the UK will soon be able to Skype or text their GP if they can’t get an appointment, the Prime Minister is set to announce today. A £50m pilot scheme has been extended to help people get access to their doctor via phone, text or over the internet. The plans were [...]
Clegg takes on gender divide April 14, 2014 DEPUTY Prime Minister Nick Clegg will host a seminar on the gender pay gap today, in a bid to narrow it. According to figures cited by the Lib Dems from the ONS, the gulf between what men and women earn in the UK is 19.7 per cent on average, compared to 25 per cent 10 [...]
Offsetting risk while taking on the big players April 14, 2014 The boss of London’s new derivatives exchange tells Elizabeth Fournier why competition is the key to success THE WORLD of derivatives is riddled with acronyms. From OTC (over-the-counter) trades to the Mifid (markets in financial instruments directive) regulations trickling down from Europe, securities trading is a hotbed of impenetrable codes that can make talking to [...]
UN says shale gas can combat climate change April 14, 2014 SHALE gas could help beat global climate change, according to a new UN study that warned greenhouse gas emissions have risen to unprecedented levels. The report by the Intergovernmental Panel on Climate Change (IPCC) said that global mean temperatures would increase by three to five degrees by the end of the century unless there was [...]
Lawyers warn mid-tier European firms will be hit by reporting vote April 14, 2014 A CRUCIAL decision on non-financial reporting rules risks creating confusion and an uneven playing field across Europe, lawyers have warned. The European Commission is due to vote this week on changes to EU law that governs how non financial firms update investors, introducing mandatory reporting standards for all companies employing more than 500 staff. Though [...]
City Moves for 14 April 2014 | Who’s switching jobs April 14, 2014 Bishopsgate Financial The financial sector consultancy has announced the appointment of Adam Crawford as a director. He left the Royal Marines in 2012, and has since worked at Oppenheimer and as a freelance consultant for Saab Group. Close Brothers Asset Management The asset management company has hired Amy Lazenby as an investor director and lead [...]
Best of the Brokers for 14 April 2014 April 14, 2014 To appear in Best of the Brokers, email your research to notes@cityam.com RIO TINTO UBS thinks the mining group is a “buy” and has a target price of £40 ahead of a production update tomorrow. The broker thinks iron ore output will be eight per cent down on the previous quarter, due to tough weather [...]
London Report: Cheer for UK as real pay up and inflation falling April 14, 2014 BRITAIN’S economy is set to put the recession firmly behind this week with news of the first real wage growth in four years and falling unemployment. Inflation and unemployment data are expected to show wage growth in March beating inflation. Capital Economics’ Paul Hollingsworth said: “The latest earnings data should show that the squeeze on [...]