Hibu shareholders hit out at former bosses December 10, 2013 SAVERS who lost money in the restructuring of Yellow Pages owner Hibu yesterday criticised its former directors for failing to meet them at a shareholder meeting. The Hibu Shareholder Group (HSG), which represents about 760 small investors, said former chairman Bob Wigley and ex-chief executive Mike Pocock should have attended the emergency general meeting held [...]
We must not ignore the economic evidence on immigration’s benefits December 10, 2013 CONCERNS about immigration continue to gather strength. A recent poll by Survation for Sky News found that 67 per cent think the coalition’s attempt to reduce net migration to 100,000 per year does not go far enough. More than a quarter feel that immigration in the last decade brought no positive benefit to the UK. [...]
£53,000,000,000: how much the City paid in tax last year December 10, 2013 THE City paid a staggering £53.4bn in tax last year – more than a tenth of total government tax receipts. The report carried out by PwC for the Corporation of London shows tax paid by the UK’s financial services industry is ahead of any other sector. Business leaders and industry figures lauded the City for [...]
Future is sweet for Nectar as it ranks top of the loyalty schemes December 10, 2013 NECTAR has become the country’s most popular loyalty scheme, with 16.8m subscribers. A staggering 50 per cent of households now swipe their Nectar card when shopping in stores and online and it has become more popular than both the Tesco Clubcard and the Boots Advantage card. Gwyn Burr, Sainsbury’s customer director, said: “Customers are increasingly [...]
Sterling’s strength could reverse before too long December 9, 2013 Despite signs of a strong UK recovery, the pound may suffer from Fed tapering and an improving Eurozone, says Liam Ward-Proud The pound’s enduring strength since the summer has caught many by surprise. Towards the end of June, with sterling-dollar just below $1.55, Morgan Stanley strategists expected it to fall to $1.45 in the third [...]
The common mistakes made by new traders – and how to avoid them December 9, 2013 IN THIS final column, I outline some common pitfalls for new traders. Trading forex is not a get-rich-quick scheme: there is a steep learning curve to understanding the markets and the factors that influence exchange rates. ABSENCE OF A SOUND TRADING PLANYour overall plan should include the currencies you intend to deal in, the amount [...]
CNBC Comment: The truth behind Peacocks’ demise December 9, 2013 HAVING gone bust over a year ago, failed fashion chain Peacocks is living up to its name and preening for all it’s worth. With the help of Lawrence Tomlinson, entrepreneur-in-residence to Vince Cable, the old bird seems to be trying to pin the blame for its 2012 collapse on RBS. In fact, thanks to Tomlinson [...]
DailyFX: Analyst picks December 9, 2013 CURRENCY STRATEGIST CHRIS VECCHIO My pick: Stay long sterling-yen Expertise: Fundamental and technical analysis Average time frame of trades: A few hours to a few weeks The sterling-yen long from net ¥160.80, after upside the past few weeks, was knocked from its original entry on 5 December. The stop was held at ¥165.80 to lock [...]
Carney hopes that you’ll ignore the economic doomsayers this Christmas. Here’s why December 9, 2013 Mark Carney has hit out at those claiming that humanity has reached its limits – the proponents of "secular stagnation". They would have you believe that we'll be stuck with lower increases in living standards than the ones we've witnessed in the Great Moderation, the post-war boom, or the second industrial revolution of 1870-1913. Speaking [...]
US job creation to boom as government slashes spending December 9, 2013 The US economy is on the path to strong job growth and higher wages, according to the National Association of Business Economics (NABE) quarterly survey. Unemployment will continue to fall with 200,000 jobs being added every month. As job creation increases workers will see more rapid wage growth, from 1.8 per cent in 2013 to [...]