CITY MOVES WHO’S SWITCHING JOBS May 20, 2012 CBRE The global real estate adviser has announced that Dr Neil Blake has been appointed head of Europe, Middle East, Africa and UK research. Blake joins from Oxford Economics, the economic forecasting consultancy, where he was director of economic analysis. He is a founder director of Business Strategies, which became part of Experian in 2002. [...]
BEST of the BROKERS May 20, 2012 FALKLAND OIL & GAS Merchant Securities has initiated coverage of the Falkland’s exploration company with a “buy” rating and a target price of 400p. The broker says the company holds the best exploration acreage in the Islands, with exploration risks no higher than elsewhere in the region. LONDON STOCK EXCHANGE Numis has upgraded the UK [...]
Technical wizardry will support 2012’s Paralympic Games May 20, 2012 Wheelchair Rugby: Defence Invented in 1977, this intense Paralympic sport is a mixture of aspects from basketball, handball and ice hockey. Fast-paced and full-contact, it is a sport that demands robust chairs to stand up to the crash of action. Ottobock’s Wolturnus wheelchairs, suitable for wheelchair rugby and basketball, use the latest alloys to create [...]
Why Sainsbury’s is backing the Paralympics: Jat Sahota May 20, 2012 Q Sainsbury’s is the first-ever Paralympic Games only sponsor. Is this a breakthrough year for the Paralympics as an event? A Being the first standalone partner of the Paralympic Games is something we are extremely proud of. We have the ambition to make it the best Paralympic Games ever through driving awareness and engagement. We’re [...]
At last – this Tax Commission has a practical way to fix the UK system May 20, 2012 THE 2020 Tax Commission, and its final report out today, isn’t the first call for substantial reforms to create a more efficient tax system. We found 53 earlier reviews. But taxes are still dysfunctional, and the last substantial change for the better was Nigel Lawson’s 1988 Budget and its sharp cuts in marginal tax rates. [...]
London still needs a Plus Markets for small-cap listings May 20, 2012 LAST week was a rollercoaster for the small-cap community, with uncertainty surrounding Plus Markets. It culminated in the announcement that Michael Spencer’s Icap has agreed conditionally, upon approval by the FSA and Plus shareholders, to acquire Plus SX and its Recognised Investment Exchange status. Plus companies and advisers will be relieved at Icap’s commitment to [...]
Events in Europe shouldn’t distract us from the global challenges we face May 20, 2012 AS City A.M. readers read this, Greece and the stability of the euro is probably at the forefront of their minds. I am concerned, too, but my perspective today is different. I am looking back across the globe from where I have just landed on day one of a City business mission to the Philippines, [...]
As the Eurozone crisis progresses, would a Greek exit lead to a break-up of the euro? May 20, 2012 YES Jason Gaywood The overwhelming likelihood is that Greece will be forced to leave the euro. A stand-off between Angela Merkel and anti-austerity parties in Greece creates a difficult conundrum – if the EU stands firm and Greece defaults, its ejection from the euro will lead to contagion risk. Other members, like Portugal, Italy, Ireland [...]
RAPID responses May 20, 2012 Don’t forget Cyprus For obvious reasons, we are most interested in the west European dimensions to the euro crisis, but why is so little attention given to the possibility of Cyprus leaving the euro simultaneously with Greece (or very nearly so)? In an interview on Tuesday’s Today programme, Vince Cable more or less conceded that [...]
A modest shirt-maker with an inspiring outfit May 20, 2012 IT’S not uncommon for successful entrepreneurs to be modest, but it rarely comes across as entirely genuine. The self-effacing Nicholas Charles Tyrwhitt Wheeler is the real deal. For Wheeler, the customer is king. He says: “One of the defining moments in my whole life was when I worked at Harrods and they put me in [...]
