Richard Branson defends his move from UK to Necker Island October 13, 2013 SIR Richard Branson insisted yesterday that his decision to leave Britain to live on Necker Island is not to save on his tax bill. The billionaire entrepreneur said he had lived on the private island for seven years, and that the move was motivated by a change in lifestyle rather than tax efficiency. Branson transferred [...]
Jump in City jobseekers as pay recovers October 13, 2013 THE NUMBER of jobseekers entering the market for a new position in financial services rocketed by more than one-fifth in September, according to data out today from City recruiters Morgan McKinley. A total of 7,082 new jobseekers came onto the market last month, up 21 per cent from 5,816 new entrants in August, the agency [...]
Tory chair Shapps wants to make the UK love capitalism October 13, 2013 Cutting the jobs tax will help UK Plc WHEN Grant Shapps was appointed Conservative party chairman last autumn, one of his first acts was to install a giant clock counting down to the 2015 general election. He wanted to focus party workers on the challenge ahead and now – with polling stations opening in just 18 [...]
Sainsbury’s to open dark store to meet online demand October 13, 2013 J SAINSBURY is to open its first dark store to support fast-growing demand for its online grocery service in London and the south east. The dark store – so-called because it is not open to the public and only fulfils online orders – will open in Bromley-By-Bow, east London, within the next few years, the [...]
Japan looks to private help with reserves October 13, 2013 THE JAPANESE government is set to look for private sector assistance in managing its enormous foreign currency reserves, according to the country’s finance ministry. Prime Minister Shinzo Abe’s government wants to lift the current ban on private involvement, enlisting the services of financial institutions. The country holds around $1.27 trillion (£795.8bn) in foreign exchange reserves, [...]
Firms’ chance to shame late paying clients October 13, 2013 SMALL businesses could get the chance to name and shame late paying customers under a set of proposals being considered by the government, Number 10 said today. The government says it is concerned that 85 per cent of small and medium-sized enterprises (SMEs) have experienced late payments over the last two years, and wants to [...]
City Moves for 14 October 2013 | Who’s switching jobs October 13, 2013 MichelmoresThe law firm has announced the appointment of Roger Fink as a partner in its London office. He qualified with Slaughter and May, and has been a partner at Pinsent Masons for over 20 years. Fink specialises in corporate law. 7 Bedford RowThe common law set has made two appointments. Catherine Rayner and Andrea Chute [...]
Best of the Brokers for 14 October 2013 October 13, 2013 To appear in Best of the Brokers, email your research to notes@cityam.com 888 Peel Hunt has a “buy” rating and 181p target price ahead of the gaming group’s trading update on Wednesday. The broker thinks third-quarter sales have dropped two to three per cent on the previous three months, following “several years of exceptional performance”. [...]
London Report: UK employment figures to show lift in economy October 13, 2013 UK employment figures out this week look set to give further weight to signs of Britain’s growing economy. The September numbers, to be released on Wednesday along with unemployment statistics, are predicted to be up on last month. “Strong demand has been met by surging employment in recent months, which is lowering unemployment. [...]
New York Report: Debt talks still ongoing as US results go out October 13, 2013 US STOCK investors, hoping to leave politics aside to focus on fundamentals, aren’t going to get their wish yet as talks over raising the debt ceiling and reopening the government broke down over the weekend. The S&P 500 generated two days of strong gains in advance of the weekend on hopes an agreement to raise [...]
