Mining companies must dig deeper to secure returns for spooked investors, according to Boston Consulting Group December 8, 2016 Falling shareholder returns in the mining sector have spooked investors and halved its market value since 2010, according to a report from the Boston Consulting Group (BCG). In an analysis of 55 leading mining companies from 2005 to 2015, 10 of which are in Europe, the median total shareholder return was just five per cent. [...]
The Gulf States see great opportunities in Britain’s bright post-Brexit future December 8, 2016 Prime Minister Theresa May is in Bahrain, meeting with leaders of the Gulf Cooperation Council (GCC), spearheading the UK government’s plans to “turbo-charge” trade with this important trading bloc. In doing so Mrs May has gone into the history books as the first British Prime Minister to attend the annual GCC Summit, and also the [...]
Plan B for Italian banks is like Fight Club: You don’t talk about it (except in Italy) December 8, 2016 Back in 2010, as the Greek crisis began, I was up in the mountains of Davos interviewing Joaquin Almunia, the then EU economics commissioner. Eight times I asked him: does the EU have a Plan B if Greece’s banks fail? After fudging an answer on the first four attempts, saying Plan A was surely going [...]
Undermining property rights and individual liberty is economic suicide – as Europe’s former communist states are finding out December 8, 2016 The absence of corruption and the presence of the rule of law and property rights (for all forms of assets, physical and financial) are taken for granted in the UK. We tend to think that the protection of property rights is only a problem in countries such as Zimbabwe or Venezuela. As a result, we [...]
As the Prime Minister vows to publish her plan for Brexit before invoking Article 50, will this affect the final deal? December 8, 2016 Rachel Cunliffe, deputy editor at Reaction, says Yes. There are two sides to any negotiation, and as you might have noticed, the EU is the larger and more powerful player in the Brexit battle. But the UK still has cards to play, most notably with its contributions to the EU budget, its position as the [...]
London’s jobs market is improving for the first time in six months according to recruiters December 8, 2016 The London jobs market is improving after six months of downturn as demand for permanent staff hits a 10-month high, a new study says. London recruiters reported a net increase in permanent job placements for the first time since April, according to the report by IHS Markit and the Recruitment and Employment Confederation (REC). However, [...]
London still top destination for future hedgies December 8, 2016 London is set to remain a hedge fund hotspot in coming years after 21 of 50 up-and-coming hedge fund managers in Europe were found to be based in the UK capital. The research – from the Hedge Fund Journal (HFJ) in partnership with accountancy giant EY – features fresh names in the sector, most of [...]
More trouble for Green as Arcadia depot staff to strike over wages December 8, 2016 Workers at Arcadia’ distribution arm, who are part of the GMB union, voted for fresh industrial action yesterday. Staff members at Spectrum for Arcadia, a division of the DHL Logistics Supply Chain, are set to walk out today and then again on Monday in support of a pay claim for a Real Living Wage – [...]
Unhealthy food advertisements have officially been banned from children’s media, Cap rules December 8, 2016 Rules banning the advertising of high fat, salt or sugar (HFSS) products in children's media will extend to apply to social media and online advertising, The Committee of Advertising Practice (Cap) today announced. Formerly applying only to broadcast advertising, this new rule for under-16s has been set for all non-broadcast media, including print, cinema and online and [...]
Government pledges extra £32m for estate regeneration December 8, 2016 The government has pledged to spend an additional £32m on regenerating the country's dilapidated housing estates. The scheme, launched by the department for communities and local government, will involve councils, developers and housing associations bidding for a share of the cash. Read more: This is how far house prices have fallen in Chelsea this year Most [...]