City Moves for 19 August 2015 | Who’s switching jobs August 18, 2015 KPMG Rob Clayton has been appointed partner in the professional services firm’s UK insurance tax team. He was most recently group tax director at Friends Life. Clayton has been leading tax teams in the insurance sector since 2006, and worked at KPMG between 1998 and 2001. Ropes & Gray The law firm has announced two [...]
Wal-Mart puts drag on Wall Street shares – New York Report August 18, 2015 US STOCKS fell yesterday, with the S&P 500 trading in its tightest daily range in nearly a month, weighed by earnings-related selling in Wal-Mart and a drop in materials stocks on concerns about China’s economic health. The Dow Jones industrial average fell 33.7 points, or 0.19 per cent, to 17,511.48, the S&P 500 lost 5.56 [...]
Don’t fear low inflation: It’s great news for consumers while it lasts August 18, 2015 The latest retail figures in the UK showed good growth. Things are also looking up in the US and in much of the euro area. The world economy has settled into a period of steady growth with very little inflation in the major economies. Indeed, just yesterday, official figures revealed that consumer price index inflation [...]
Culture – not economics – explains why London pupils excel at A-Levels August 18, 2015 Last week saw the ritual tears and joy of the announcement of A-Level results. An encouraging aspect was the increase, albeit small, in the percentage of entries in traditional academic subjects, now standing at 51.2 per cent. This is yet another example of incentives at work. The universities have been signalling that non-academic passes, no [...]
China slowdown: The two reasons British business should remain optimistic August 18, 2015 It’s easy to be down on China. Last week’s negative headlines after the unexpected devaluations of the renminbi (RMB) played into the “China slowdown” narrative which has taken root as this year’s accepted story. But we’re not giving China enough credit. By opening up the RMB to more market forces, it has moved one step [...]
EU referendum: Would the election of Jeremy Corbyn as leader of the Labour Party make Brexit more likely? August 18, 2015 Robert Oxley, campaign director of Business for Britain, says Yes You don’t have to support Jeremy Corbyn, nor agree with his views on a range of subjects, to recognise his election would make Brexit more likely. His proposal for Labour to hold a special conference to decide its response to the EU referendum is a [...]
Athletics chiefs defend decision to scale back testing at Worlds August 18, 2015 Athletics chiefs at the IAAF have risked further controversy on the eve of the World Championships by revealing the abandonment of its policy to blood test every competitor. Only a third of the athletes competing in Beijing are set to have their blood samples scrutinised, which is in contrast to the previous two World Championships [...]
Wood admits he could be forced under the knife August 18, 2015 ENGLAND seamer Mark Wood has conceded that he may need an operation to cure a long-term ankle injury, placing his participation in series against Pakistan and South Africa later this year in doubt. Wood was hampered by the problem during a laboured display in the second Investec Ashes Test at Lord’s, forcing him to miss [...]
Storm The Stars to cement Leger favouritism in Betway Great Voltigeur August 18, 2015 TRAINER Aidan O’Brien saddles three of the seven runners in the wide-open Betway Great Voltigeur Stakes (3.05pm), but the Ballydoyle trio may have their work cut out to stop STORM THE STARS who is available at 7/2 with the sponsors. William Haggas has his team in great nick and landed two valuable pots last weekend [...]
Jason Day’s success could be the start of a new three-way era, featuring Jordan Spieth and Rory McIlroy – Sam Torrance’s Golf Comment August 18, 2015 The parade of birdies, magnificent shot-making and record scores that we witnessed over the last few days as Jason Day held off Jordan Spieth to win the US PGA Championship is exactly what we want from golf. Day was just superb. He had challenged at Majors before but hadn’t lasted the pace and could [...]
