CITY MOVES | WHO’S SWITCHING JOBS August 9, 2012 WH Ireland Richard Killingbeck has been appointed head of private wealth management at the stockbroking and wealth management firm. He joins on 18 September. Killingbeck spent over 11 years at Singer & Friedlander Investment Management, latterly as chief executive of its investment management business. He has also held senior positions at Close Brothers, where he [...]
BEST of the BROKERS August 9, 2012 DIGNITY N+1 Brewin has upgraded the funeral services firm from, “add” to “buy” with a target price of 1096p after strong interim results, labelling the company “more than just a defensive buy”. OCADO UBS has downgraded the grocery delivery firm from “neutral” to “sell” and slashed its target price to 51p from 110p, pitching its [...]
Standard Chartered lifts the FTSE in Olympic-thinned trading session August 9, 2012 Banking stocks lifted the benchmark FTSE- 00 to its best finish since early April yesterday, led by a resurgent Standard Chartered Bank. Investors were impressed with chief executive Peter Sands’ robust defense of allegations of malfeance lodged by US regulators, and pushed the shares 3.6 per cent higher. However RBS bucked the trend, sliding 1.3 per [...]
Eerie calm on Wall Street as equities stall August 9, 2012 THE Standard & Poor’s 500 extended its rally to a fifth day yesterday, again eking out a tiny gain as lingering expectations for economic stimulus from central banks lent support to a market lacking new catalysts. The Dow Jones industrial average slipped 10.45 points, or 0.08 per cent, to 13,165.19 at the close. But the [...]
Regulatory rivalry is driving New York’s Standard Chartered attack August 9, 2012 THE interplay of US federal and state regulators is at the heart of the Standard Chartered scandal. Multinational banks desire a consistent approach from the regulators in the various countries in which they operate, and have come to expect a high degree of cooperation between those agencies. But Standard Chartered has been blindsided by the [...]
Don’t let Usain Bolt’s brilliance dissuade you from breaking your own sweat August 9, 2012 ACCORDING to one tradition that has come down to us from antiquity, the Greek philosopher Plato was also a victor at the ancient Olympic Games – for wrestling. Another anecdote adds that his real name was Aristocles. “Plato”, as we know him today, is just a nickname referring to his broad, well-muscled shoulders. That the [...]
Why Boris owes me £90,000 for Olympic damage August 9, 2012 I HAVE hand-delivered a bill for £90,000 to the mayor of London. This is – give or take a few hundred pounds – what the Olympic Games have cost me in turnover since they began. And I have asked Boris Johnson to pay the bill personally, not from the seemingly limitless coffers that supported London [...]
After its biggest medal haul since 1908, is it important for the UK to do better in Rio 2016? August 9, 2012 YES Kevin Tyler London 2012 is about inspiring a generation and, for athletics, our inspiring moment came when over 16m people tuned in to watch Jess Ennis, Mo Farah and Greg Rutherford win Olympic gold. Our biggest challenge is to ensure that this historic event inspires the next generation of talent – not only kids [...]
RAPID RESPONSES August 9, 2012 Enabling growth [Re: Only radical reform can pull us out of a growing economic quagmire, yesterday] To truly get the economy out of its current frailty, we need more than a radical economic reform agenda – largely involving the state getting out the way. Britain’s government needs to engineer the enabling environment for business to [...]
Pixar goes Scottish in the brilliant Brave August 9, 2012 FILMS BRAVE Cert: PG **** Brave is not only Pixar’s first foray into fairytale, it’s the company’s first movie with a female lead. Set in Medieval Scotland, among roaring chieftains, sprites and fairies, Brave is cacophony of colour and sound, rendering clanland in a mosaic of gorgeous pastels. Many films are released in 3D to [...]
