CITY MOVES | WHO’S SWITCHING JOBS June 13, 2012 Kleinwort Benson Clive Wright has been appointed head of private wealth management offshore at the private bank. He will report to Stephen Rothwell, head of private wealth management. Wright joined in January 2012 from Deutsche Bank, where he was head of its private wealth management division. Credit Agricole Xavier Musca has been appointed executive vice [...]
BEST of the BROKERS June 13, 2012 RESOLUTION UBS has upgraded the life insurance group from “hold” to “buy” on valuation grounds, and lowers its target price on the company to 240p from 250p. The broker says Resolution’s business model of UK life consolidation makes strategic sense in a shrinking market, and sees the company as increasingly attractive for risk-averse investors, as [...]
Gold mining firms push FTSE higher despite fears over Spain and Greece June 13, 2012 BRITAIN’S benchmark share index closed higher yesterday as gains in heavyweight gold-mining companies enabled the market to outperform rival European bourses, which fell on persistent worries over the Greek and Spanish debt crises. The blue-chip FTSE 100 index ended up 10.07 points, or 0.2 per cent, at 5,483.81 points. However, trading volumes remained relatively thin [...]
Eurozone woes drive US stocks down again June 13, 2012 WALL Street ended lower yesterday as fears ahead of the weekend elections in Greece finally drove down a market that had been treading water through most of the day. Up to €800m has been pulled out of Greek banks daily ahead of the cliffhanger election on Sunday, which many fear will result in Greece leaving [...]
Osborne should reject the Vickers report in his Mansion House Speech June 13, 2012 GEORGE Osborne is a flip-flop chancellor – but on all the wrong policies. One area where a u-turn would be welcome is on the implementation of the Vickers report. However, In his Mansion House speech tonight, he will signal an intention to plough on as before – accepting both the good and the bad. Let’s [...]
Obama’s campaign stumbles over claims he doesn’t feel economic pain June 13, 2012 AWEEK after the US Department of Labour announced the country had experienced its worst job growth for a year, President Barack Obama told the gathering herd of reporters at the White House that “the private sector is doing just fine.” Within an hour, Mitt Romney’s campaign had produced a web video. Within a day, the [...]
Italy’s Five Star movement isn’t funny for Monti June 13, 2012 SPAIN’S €100bn bailout plan has failed to reassure markets. The permanent fear of contagion means nervous glances are once again being directed at Italy. Austria’s Finance Minister Maria Fekter was the first political leader to claim that Italy may have to tap into the Eurozone’s rescue funds – a statement which did not go down [...]
Will the Lib Dem’s failure to support Jeremy Hunt risk breaking open coalition divisions? June 13, 2012 YES Donal Blaney There seems to be one rule for Tories and another for Liberal Democrats. While Conservatives stood by Vince Cable, their coalition partners are happy to feed Jeremy Hunt to the wolves. Lib Dems routinely criticise government policy and seek to renegotiate the coalition agreement while Tories act with the discipline that one [...]
RAPID RESPONSES June 13, 2012 Terry Leahy for PM [Re: Business leaders must speak up in promoting a culture of capitalism, yesterday] What a brilliant article. It’s a shame our politicians don’t think this way. I can think of only two politicians who practiced Sir Terry Leahy’s philosophy – Margaret Thatcher and Ronald Reagan. They liberalised, lightened regulation, set markets free [...]
Five top hints to solve your fears of networking failure June 13, 2012 NETWORKING sounds like hell – awkward conversations over virgin cocktails, angling around a room full of obvious sociopaths, the neurosis that your personal pitch may fall desperately flat. But we’re told that networking is increasingly important. People prefer doing business with those they know and like, it’s easier to ask favours of people you’ve met [...]
