Amagerbanken raises £99m to secure lifeline September 9, 2010 SMALL Danish bank Amagerbanken has raised 898m Danish crowns (£99.3m) in a fully subscribed rights issue of new shares, fulfilling a tough condition for a government lifeline. In June, Denmark told struggling Amagerbanken to raise 750m crowns by 15 September to qualify for a guarantee for a $2.3bn bond issue carried out in July. Amagerbanken [...]
ALTERNATIVE MANAGER OF THE YEAR | The Shortlist September 9, 2010 INNOVATION is at the heart of the City, and nobody demonstrates it better than the top hedge funds and private equity houses. Our varied shortlist makes clear the chutzpah and sheer-brain power needed to become a leader in this toughest of sectors. And it also makes the clear the massive rewards awaiting the brightest and [...]
Banks jump on Basel III talk as FTSE hits four-month high September 9, 2010 BRITAIN’S top share index rose sharply yesterday to post a four-month closing high, as US weekly jobless claims fell more than expected and further eased concerns of the United States falling back into recession. Economy-sensitive banks were among the top gainers, up 2.3 per cent, also aided by expectations that the new Basel III capital [...]
Wall Street buoyed by upbeat jobs data September 9, 2010 US stocks rose yesterday as stronger-than-expected jobs and trade data helped lift optimism about the economic recovery, although sentiment was fragile as investors fretted over European banks. Financials, hit hard in the August downturn, were among top gainers as new US claims for unemployment benefits fell to a two-month low, while the trade deficit narrowed [...]
Don’t fritter away your cash on gratuitous advice fees September 9, 2010 MANY a City worker spends her hours turning over millions for institutional or super-rich private clients as a matter of course. But when it comes to managing one’s personal wealth, the right strategy can seem far less clear. The perceived security of an independent financial advisor (IFA) can seem appealing, but the fees of the [...]
PERSONAL FINANCE NEWS September 9, 2010 RETIREMENT ADVICE MOST SOUGHT Almost half of all consumers seeking independent financial advice last month sought assistance with retirement planning, the professional advice website unbiased.co.uk said this week. Retirement planning has remained on an upward trend since May this year. Consumers are also increasingly looking for specialist guidance on investment and savings. Karen Barrett, chief [...]
How to deal with an HMRC letter September 9, 2010 LETTERS have started to drop onto the doormats of Britons advising them that they did not pay the correct amount of tax through the pay as you earn (PAYE) system during the tax years 2008-10. Those affected are likely to be those with complex streams of income. The government argued that the state of the [...]
LIFE BEYOND BEYOND MANHATTAN September 9, 2010 LIVING among the skyscrapers of central Manhattan or the spacious brownstones of Greenwich village is often the British idea of New York living – in the same way that Kensington and Knightsbridge are every American’s idea of London. Yet New Yorkers in the know consider other boroughs, particularly Brooklyn and Queens, as clever and rather [...]
Take your very own bite of the Big Apple September 9, 2010 IN ANY job transfer abroad, top of the list of concerns is finding a place to call home. This is particularly overwhelming if your destination is New York: finding a cosy foothold in this concrete jungle can be a confusing affair. But rather than making a beeline for an estate agent, or realtor, as yanks [...]
FOCUS ON: CAMDEN September 9, 2010 BAYHAM STREET, NW1 Price: £925,000 This four-bed house is located between Camden Town and Mornington Crescent. It has been renovated to provide a home with master suite, an open-plan kitchen and a reception on the first floor. The house has a landscaped garden with a terrace and a balcony. Contact: Chesterton Humberts on 020 7267 [...]
