GROWING CONFIDENCE IN UK ECONOMY January 13, 2011 The Investec entrepreneur confidence index that tracks the confidence levels of entrepreneurs in the UK economy has seen a small rise of 2 per cent since June. Some 56 per cent of the entrepreneurs interviewed believe that the economy will improve over the next 12 months. Ed Cottrell of Investec said: “The overall findings from [...]
ENTREPRENEUR OF THE YEAR 2011 January 13, 2011 This year’s Ernst & Young’s entrepreneur of the year award is now open for nominations. The award starts at a regional level. Regional winners then progress to the UK finals, and the overall UK winner then goes on to compete for the title of world entrepreneur of the year in Monte Carlo. Richard Harpin, the [...]
The fees you need to watch out for January 12, 2011 CEO, HASSIUM ASSET MANAGEMENT AT A TIME when interest rates are low and many asset classes are struggling to post a positive return, fees can have a significant effect on your long-term investment returns. Current estimates from the Financial Services Authority put the total expense ratio (TER) incurred by investors at around 3 per cent [...]
PERSONAL FINANCE NEWS January 12, 2011 BILLS HIGHER FOR THE OFFLINE Hot water and heating bills are £140 a year more for offline customers than for online customers, according to new figures from uSwitch.com. The average household energy bill is £1,239 per year, but that drops to £1,010 for online customers. Of that, the average cost of hot water and heating [...]
London hits 31-month closing high as Portuguese fears fade January 12, 2011 BRITAIN’S top share index hit a 31-month closing high yesterday, boosted by banks after a successful bond sale in Portugal eased investor concerns over Europe’s sovereign debt crisis, and as miners tracked metals prices higher. The FTSE 100 ended up 36.69 points, or 0.6 per cent, at 6,050.72, its highest close since early June 2008, [...]
Wall St gets boost from banking stocks January 12, 2011 US stocks ended solidly higher yesterday after European debt fears eased and sparked a broad advance, led by banks and commodity-related shares. Investors expect further flows into equities on speculation the economy will strengthen. About seven stocks rose for every three that fell on the New York Stock Exchange. Sectors typically helped by rising inflation, [...]
Make sure you aren’t paying too much: get your tax return right January 12, 2011 IT’S THAT time of year again. We all try to pretend it’s not happening, but the reminder adverts have been slapped across the tube billboards for weeks now. So, at some point over the next three weeks, we are going to have to sit down and fill out our tax return. Many say the misery [...]
TOP RISERS AND FALLERS January 12, 2011 Miners and banks drove the FTSE up to 6,051 yesterday as a successful debt issue in Portugal reassured investors. Vedanta and Eurasian Natural Resources both benefitted from analyst upgrades by Deutsche Bank. A referendum in Kazakhstan on the president’s rule also helped. National Grid, GKN and J Sainsbury all dropped back. Eurasian Natural Resources – [...]
Young, hopeful and about to start boosting growth rates January 12, 2011 FOR MUCH of the last two decades, the Chinese economy has astonished investors and worried politicians. Growth of an average of 9.3 per cent has been driven by an astonishing bout of domestic investment. But it has also been helped on by an immense “demographic dividend”, engineered by the country’s one child policy. But with [...]
FUND MANAGEMENT NEWS January 12, 2011 NEW MERGER ARBITRAGE FUND PineBridge investments has launched a new merger arbitrage fund designed to profit from investing in publicly announced merger and acquisition transactions. The UCITS III compliant fund is managed by Lan Cai, who has 15 years of experience in investing in equities and derivatives. Ms Cai has managed PineBridge’s merger arbitrage strategy [...]
