CITY MOVES | WHO’S SWITCHING JOBS January 16, 2012 Signia Wealth Signia Wealth has appointed Martin King as managing director to lead its new Birmingham office, which will serve ultra high net worth individuals in the West Midlands as part of CEO Nathalie Dauriac-Stoebe’s expansion plans for the business. King joins the wealth manager from UBS Wealth Management, where he founded the Midlands office [...]
BEST OF THE BROKERS January 16, 2012 FEDERAL GRID COMPANY (GDR) Goldman Sachs transfers its coverage of Russia’s largest electricity transmission company grid from the local stock exchange to its global depositary receipt listing in London, rating it as a “buy” with a target price of $7.50. The broker says news flow on Russian power utilities reached its most negative in autumn [...]
FTSE rises as investors shift gaze from Eurozone to China January 16, 2012 BRITAIN’S top shares rose yesterday, led by miners, as investors’ attention shifted from the Euro zone debt crisis towards economic data from China. Mining stocks tracked metals prices higher as markets eyed a batch of Chinese data due today, including GDP and industrial production, for further clues on the outlook for demand. “There’s a perception [...]
World shares lift despite dip in Asia January 16, 2012 EUROPEAN shares and the euro gradually recovered yesterday from early losses triggered by the mass downgrade of Euro zone sovereign ratings last week, but they still looked vulnerable amid rising fears of a disorderly Greek debt default. Markets had already reacted to the downgrades on Friday, and European assets steadied by yesterday afternoon, but activity [...]
The Deputy Prime Minister thinks we are irresponsible – the feeling is mutual, Nick January 16, 2012 NICK Clegg wants to give tax breaks to John Lewis style, employee-owned companies. This is just the latest salvo in the “responsible capitalism” debate. But when a government dictates which forms of capitalism are responsible, and which ones aren’t, it overrides the individual morality of its citizens – and not for the better. After all, [...]
The global battle for the internet is about to begin January 16, 2012 2012 is the year that freedom online will be challenged. In the UK and the US, proposals are being introduced for website blocking in the name of copyright and child protection. In America, the controversial Stop Online Piracy Act (Sopa) is already causing seismic protests. But in 2012 we will also see a push to [...]
Do not blame Opec for a rise in the price of oil January 16, 2012 WHEN discussing oil prices, it is common to encounter two views that are confused: the first is that Opec, the cartel to which many of the world’s oil-producing countries belong, sets the price of oil, the second is that it can cause inflation by increasing the price of oil through restriction of the quantity it [...]
RAPID RESPONSES January 16, 2012 Clubcards are gold I disagree with Richard Perks’s analysis of Tesco. [Tesco’s marketing strategy needs a new broom in 2012 to sweep away its Clubcard, last Friday] If Tesco invested in a cost-cutting exercise it would probably discover what most businesses using voucher/discount schemes are finding; that cheap customers pay at the cheap price and [...]
Powering your trading ambition January 16, 2012 AS MORE and more providers hone their mobile trading apps, you can almost trade from anywhere. But if you are serious about your trading then you will probably want a dedicated computer. But what features are important and what do you get for your money? Generally speaking, you will get faster processing, the ability to [...]
GOLD REMAINS A PRECIOUS COMPONENT OF A PORTFOLIO January 16, 2012 Ionce heard an analyst say that gold should be viewed as an insurance policy, not as an investment. That’s good advice for anyone who is contemplating a position in the yellow metal in 2012. Gold has very little industrial use and yields no return, so its investment credentials are dubious. However, throughout history gold has [...]
