Asian shares turn positive as emerging markets calm February 6, 2014 Asian shares are seeing a modest advance as investors look to the European Central Bank (ECB) and US jobs numbers to provide stability in the wake of recent turbulence in emerging markets. The ECB is is expected to maintain its current monetary stance but many investors would be pleasantly surprised if the bank took easing [...]
Asda boss Andy Clarke’s 4 top leadership tips | City A.M. February 6, 2014 Speaking last night at the British Retail Consortium’s Future Retail Leader’s event, Asda chief executive Andy Clarke gave an account of his journey to the top – starting with the day he left school with just one O Level in English at 15. Realising he had spent too much time on the rugby pitch in [...]
Britain is now being taxed so much that the pips are squeaking February 6, 2014 BRITAIN has become dangerously reliant on a small-number of highly paid and wealthy individuals for its tax receipts. If these people decide to leave the UK, or for some reason suddenly earn or spend less money, the public finances would suffer disproportionately. That is one of the conclusions I draw from a fascinating report published [...]
Reports of an emerging market death have been greatly exaggerated February 5, 2014 Emerging markets have been unloved recently. Not only have they under performed their developed market peers over the past year, but last week saw the biggest withdrawal of money from the asset class since August 2011, with investors pulling $6.3bn (£3.9bn) of cash from EM equities in just seven days – roughly the [...]
PMQs show Cameron’s coalition starting to crumble February 5, 2014 The cracks are beginning to show in the coalition. In fact more and more are appearing every day. The PM should have been worried as soon as he read Danny Alexander’s comments about cutting the top rate of tax. "I would say that [a tax cut] would happen over my dead body,” Alexander told the [...]
There’s no reason to be gloomy after today’s US data February 5, 2014 There’s no reason to be downbeat after the latest ISM non-manufacturing and ADP surveys from the US, says Capital Economics. The ISM non-manufacturing index rose to 54.0 in January from 53.0 in December, and the research group feel more confident the recent weaknesses seen in some data is just down to the temporary extreme cold [...]
Asda boss Andy Clarke’s 4 top leadership tips February 5, 2014 Speaking last night at the British Retail Consortium’s Future Retail Leader’s event, Asda chief executive Andy Clarke gave an account of his journey to the top – starting with the day he left school with just one O Level in English at 15. Realising he had spent too much time on the rugby pitch in [...]
Leading US pharmacy plans to clear shelves of cigarettes February 5, 2014 From October, smokers will no longer be able to stock up on Marlborough lights and flu medicine at their local CVS. The company has taken the decision to become the first American pharmacy to clear all tobacco products from its 7,600 stores. "Ending the sale of cigarettes and tobacco products at CVS/pharmacy is the right [...]
Meet the superstars behind Beckham’s Miami deal February 5, 2014 Footballer turned megabrand David Beckham is not the only famous name behind his plans to set up a new team in Miami. The former England captain, who is due to confirm the $25m (£15m) deal this afternoon, has roped in some friends to help – and they’re bona fide superstars in their own fields too. [...]
Down the Tubes: Boris mucks in amid transport meltdown February 5, 2014 (Laura Lean/City A.M.) Boris Johnson has had an interesting commute in on the Northern Line this morning as the Tube strike over ticket office closures causes huge disruption across the network. The Mayor spoke to commuters and Tube staff working at London Bridge – as well as some of the TfL staff volunteering at stations in [...]