‘Bond market tantrum risks’: Gilt traders brace for Labour leftward pivot as Starmer future uncertain
FTSE 100 declines after some dismal data from blue-chips – London Report October 30, 2015 A spate of disappointing earnings updates and a decline in copper prices that put pressure on mining shares yesterday caused a slip in Britain’s top equity index. The FTSE 100 was down 42.00 points, or 0.7 per cent, at 6,395.80 points at the close. Barclays fell 6.3 per cent, accounting for 10.3 points of the [...]
Best of the Brokers for 30 October 2015 October 30, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com ABERDEEN ASSET MANAGEMENT Barclays maintained its “equal weight” rating, but lowered its target price for Aberdeen Asset Management to 350p from 400p as it projects a “painful quarter” leading up to its final results at the end of next month. The broker [...]
Bad employee? Here’s how you can get rid of them: Consider a performance plan and don’t forget the two year rule October 30, 2015 There are bad bosses out there, but there are plenty of bad employees around too. They may be disruptive, difficult with colleagues, unwilling to learn, lazy or simply don’t fit into the culture of the organisation. In some cases, faults which might seem glaringly obvious subsequently are not picked up until a long way down [...]
City Moves for 30 October 2015 | Who’s switching jobs October 29, 2015 MITSUBISHI UFJ FINANCIAL GROUP The bank has announced two appointments to its corporate banking team in Europe, the Middle East and Africa. Ian Wootton joins as managing director, healthcare. For the last year, he was an independent adviser for Park Road Advisory and was also formerly a partner at PwC. Richard Price (pictured) joins as [...]
Wall Street ticks down – New York Report October 29, 2015 The potential for an interest rate hike in December and some disappointing tech earnings reports yesterday hit Wall Street and US stocks ended slightly lower. The Dow Jones industrial average fell 23.72 points, or 0.13 per cent, to 17,755.8, the S&P 500 lost 0.94 points, or 0.04 per cent, to 2,089.41 and the Nasdaq Composite [...]
We need to measure well-being to reverse Britain’s social decline October 29, 2015 It was only two-and-a-half years ago that an economic statistic threatened to kill off George Osborne’s economic strategy. There was speculation that the British economy might have shrunk in the first quarter of 2013. When the Office for National Statistics did announce – at 9.30am on Thursday 25 April (remember how some of us used [...]
US elections 2015 polls: Why both parties are putting their faith in the worst candidates out there October 29, 2015 Even after Wednesday night’s CNBC Republican Presidential debate – during which senator Marco Rubio (FL) and senator Ted Cruz (TX) unquestionably dominated the discussion with their wit, direct answers and rounds of applause – the unofficial polls still declared Donald Trump the winner for a third time in a row. Couple that with last [...]
Welfare coddles pensioners at the expense of the working poor – but it needn’t be like this October 29, 2015 The two biggest drivers of government spending, welfare and the NHS, will continue to dominate the political agenda this Parliament. Thanks to Monday’s vote in the House of Lords, delaying changes to tax credits, a £4bn hole in the government’s spending plans has now opened up. As ministers rethink their plans, they should address another [...]
As the Chinese government scraps its one-child policy after 35 years, is the move now meaningless? October 29, 2015 Danae Kyriakopoulou, an economist at the Centre for Economics and Business Research, says Yes China remains the world’s most populous nation, having doubled its population over the past 50 years. The working-age population has grown especially strongly. It’s only recently that its one-child policy has started to weigh on China’s demographics. This shows that demographic [...]
Business ethics doesn’t need to be greeted with cynicism: Stop using abstract terms and start telling stories October 29, 2015 In a memo to Barclays staff, incoming chief executive Jes Staley laid out his ethical vision for the bank. “There can be no retreat from becoming a values driven organisation which conducts itself with integrity at all times,” he said. Unfortunately for Staley, company values can often fall on deaf ears, especially when you’re [...]
