CITY A.M.’S STUNNING STRIMPEL PROBES THE STRANGE MALE BRAIN July 1, 2010 SUPER-GLAM Sketch last night played host to the debut book launch party of City A.M.’s very own lifestyle editor, Zoe Strimpel. Around 80 select guests were invited to celebrate the publication of What The Hell Is He Thinking?, Strimpel’s eighty-questions-and-answers guide to what goes on in the male brain. “Men are tough to figure out [...]
Manufacturing rebound slows July 1, 2010 A REBOUND in manufacturing slowed in June from the previous month’s 15-year high as export order growth all but ran out of steam, a survey has showed. However, employment, a lagging indicator, rose at its fastest pace since February 1995 as companies added staff to keep up with rising production. The Markit/Chartered Institute of Purchasing [...]
European shares slide after weak China data July 1, 2010 European shares tumbled in early trade – retreating for the seventh time in eight sessions, after tepid Chinese macro data raised concerns about the global recovery. The FTSEurofirst 300 index of top European shares was down 1.2 percent at 981.94 points, while Euro STOXX 50, the euro zone’s blue chip index, fell 1.5 percent at [...]
BT announces charges for Sky Sports July 1, 2010 BT has announced it will charge customers £16.99 a month for both Sky Sports 1 and Sky Sports 2, or £11.99 for just one of the channels. The packages will be available on month-by-month contracts. BT and Sky signed a deal to allow BT Vision customers to watch the two sports channels, they revealed earlier [...]
Debenhams sees sales dip July 1, 2010 DEBENHAMS has posted a fall in underlying third-quarter sales but said it was winning market share and its gross margins were rising. Sales at stores open over a year fell 0.4 percent in the 42 weeks to 19 June. Debenhams, with about 160 stores in Britain and Ireland and more than 50 franchised outlets overseas, [...]
Barclays in Japanese wealth management deal July 1, 2010 UK banking giant Barclays and Sumitomo Mitsui Financial Group said they would launch a wealth management joint venture in Japan, targeting individuals with at least 500 million yen (£3.8m) to invest. Japan’s third-largest bank by assets acquired a two per cent stake in Barclays for about $1bn in 2008 and the two have been preparing [...]
Funds to be hit by bonus rules June 30, 2010 Cash bonuses to be capped at 30 per cent Hedgies and investment firms fall into EU’s net Politicians say clamp down will end risk-taking HEDGE funds and asset managers will be caught in the tough crackdown on bankers’ bonuses put forward by European Union politicians and member states last night. In the harshest measures yet [...]
Barclays warns on deals June 30, 2010 BRITISH titan Barclays yesterday warned of a slowdown in investment banking activity in the past two months, suggesting wilting confidence in corporate boardrooms is impacting on dealmaking revenues. Barclays finance director Chris Lucas told an analyst conference investment banking market conditions in May and June were “softer” than those seen in the first quarter, when [...]
US reform bill gets key vote June 30, 2010 THE US House of Representatives yesterday approved a landmark overhaul of financial regulations but the Senate put off action until mid-July, delaying a final victory for President Barack Obama. Still, the 237 to 192 vote in the House marked a win for Obama and his fellow Democrats, who have made the most sweeping rewrite of [...]
Reforms needed to boost private jobs June 30, 2010 A MAJOR question dominated the debate in Westminster yesterday: will the private sector create enough jobs to compensate for the looming bloodbath in the public sector? The Office for Budget Responsibility, the new independent official forecasting outfit, believes it will, as does the government; the opposition, the unions and the left-wing media, unsurprisingly, disagree. The [...]