Banking regulations can be costly: Sometimes it pays to be loyal and lazy September 10, 2012 THE public are unhappy with banks. And some people are exercising their right to switch their accounts. This is a key part of capitalism and something that should be welcomed. After all, the threat of exit is one of the most important ways to ensure customer satisfaction. But there is a problem when people go [...]
Ignite the spirit of the Games Makers in our employees September 10, 2012 FAREWELL then, to the undisputed stars of the London 2012 Olympic and Paralympic Games – the Games Makers will be missed. Overnight, London became a friendlier place. Anyone who was helped by them, or who heard the prolonged applause for them at the closing ceremonies, will know they rose to the occasion brilliantly and contributed [...]
Is the government doing enough to remove the burden of regulation on UK businesses? September 10, 2012 YES Priti Patel The government is already using its Red Tape Challenge to identify burdens that need amending or scrapping. Business should be confident that, before the next election, thousands of regulations will be scrapped or amended. The appointment of Michael Fallon to the Department for Business is a positive step. He will help to [...]
Rapid Responses September 10, 2012 Taxing wealth fails [Re: These politicians are wrong. A tax on wealth would be bad for Britain, yesterday] It’s interesting that Andrew Sentance’s article makes the same point as the one by Andrew Haldenby, but from a different angle. The truth they both reveal is that low tax economies have faster growth, greater productivity gains, [...]
Stakes raised ahead of crunch day for Europe September 10, 2012 THE Eurozone waits with bated breath as its fate is, once again, in the hands of its divided politicians. After Mario Draghi, European Central Bank (ECB) president, last week announced Outright Monetary Transactions (or OMT) – another acronym to add to the burgeoning Eurozone lexicon – traders were elated, sending shares in European stocks to [...]
US data points to a burst of QE from Ben Bernanke September 10, 2012 FX360 GLOBAL equities rallied sharply last week, with most of the gains coming after the European Central Bank (ECB) president, Mario Draghi, spoke on Thursday. There was nothing in Draghi’s statement that had not been telegraphed to the markets in advance. Nevertheless, investors piled into “risk assets” as the ECB president backed-up his earlier promise [...]
The Tipster | Raise your glass to JD Wetherspoon September 10, 2012 TRADERS have been questioning JD Wetherspoon, after the company’s share price stumbled over the last few weeks. However, there is optimism about the full-year results, due this week, as the European football championships are expected to have helped the pub chain. Shares hit year-highs above 480p in August, and the firm is expected to report [...]
Oil trading on hopes of stimulus September 10, 2012 THOUGH oil is in the middle of a bullish trend, prices find themselves pushed and pulled between potential stimulus measures, that could drive price on the upside, and the threat of oversupply, dragging the price back down. STIMULUS HOPES With weak macro data coming out of China and markets on tenterhooks in anticipation of the [...]
Analyst picks for 11 September 2012 September 10, 2012 CURRENCY STRATEGIST CHRIS VECCHIO My pick: Short Aussie-dollar Expertise: Fundamental and technical analysis Average time frame of trades: 1 day to 1 week Despite the rebound, Aussie-dollar has pulled back to respect a former channel, reversing some of its gains from the Chinese stimulus measures announced last week. Accordingly, topside resistance comes in at Au$1.0350-55 [...]
Game on at the Jugged Hare September 10, 2012 THE JUGGED HARE 49 Chiswell Street, EC1Y 4SA Tel: 020 7614 0134 FOOD *** SERVICE **** ATMOSPHERE ***** Cost per person without wine: £40 You shouldn’t review restaurants when you have a cold. You shouldn’t go to them at all. As anyone who remembers primary-level biology will tell you, 70 per cent of things you [...]
