THE WEEK AHEAD November 20, 2011 COMPANY NEWS ● Mitie Group announces its half-year results today. The facilities management company offers a range of building and support services, from industrial painting and engineering, to catering and cleaning. ● Mitchells & Butlers announces its final results and De La Rue announces its interim results tomorrow. M&B runs about 2,000 pubs and restaurants [...]
Journalist to lawyer to two-time entrepreneur November 20, 2011 DANA Denis-Smith is accustomed to starting new careers. She began professional life as a journalist, before changing tack and training as a solicitor with Linklaters in 2005. Just three years later she left to set up her own business and then three years after that she set up another. “I left journalism because I often [...]
IT IS TIME TO CLOCK UP MORE NEW BUSINESSES November 20, 2011 FOR anyone running or thinking of starting a business right now, the landscape is undeniably pretty bleak. The Eurozone is in crisis, our politicians are bickering and we’re in the midst of what might be a decade-long deleveraging across the economy – growth is hard to come by. But there is one point on which [...]
FTSE falls as debt turmoil intensifies November 17, 2011 BRITAIN’S top share index retreated yesterday, with nervous investors ditching riskier assets such as banks and retailers, as corporates showed signs of stress in the face of the intensifying debt contagion in Europe. London’s blue chip index shed 85.88 points, or 1.6 per cent to 5,423.14, with the FTSE volatility index, up 10.2 per cent [...]
Choppy day for Wall St November 17, 2011 TRIGGER-HAPPY investors dumped US stocks yesterday, scared by the market’s sudden fall through a key technical level brought on by more worries about Europe’s debt troubles. The S&P 500 steadily slipped through the morning until it broke through 1,225, when selling picked up in both the futures and cash markets. Investors have been increasingly focused [...]
Fears for UK economy knock FTSE lower in volatile trading November 16, 2011 AFTER yet another rollercoaster session, Britain’s top share index ended a touch lower yesterday, as upbeat US economic data proved a welcome distraction for investors gripped by concern over the UK economy and Europe’s debt crisis. The UK benchmark closed down 8.42 points, or 0.2 per cent, at 5,509.02, after a session in which it [...]
Eurozone dangers prompt a sell-off November 16, 2011 US stocks fell yesterday, with selling accelerating late in the session on more warnings about the potential impact of the Eurozone’s debt crisis on the global economy and the banking system. Worries about growth weighed on sensitive sectors like financials and materials. Losses deepened after ratings agency Fitch said even though the outlook on the [...]
The City’s young and politically active November 16, 2011 CV | SOPHIE FERNANDES, AGE 29 Work: I’m an account manager for an independent communications agency. I look after a mixture of private sector corporate, trade association and public sector clients. Previously, I worked for the Institute of Directors in the Policy Unit. Became common councilman because:I wanted to be directly involved in local democracy [...]
Build a portfolio career November 16, 2011 FOUNDER OF WILD SEARCH MY first advice would be that you can hardly prepare too soon for a fulfilling and rewarding life beyond partnership or an executive leadership role. Taking on a trustee or non-executive role while remaining in your executive career is widespread and makes sense – to both your employer (by bringing wider [...]
Asset allocation requires a regular rebalancing act November 16, 2011 ALLOCATING assets is a complicated science or skilled art with debated influence on actual returns, but it remains the best place to start. Modern portfolio theory is rooted in the 1952 work of Nobel Prize winner Harry Markowitz. His work heralded a revolution in investing. Morningstar’s quantitative research director Paul D. Kaplan and Stanford University’s [...]