Britain’s Facebook is already here but we lack the tools to identify it February 18, 2013 IT’S been described as “the $4.2 trillion (£2.7 trillion) opportunity”. According to the Boston Consulting Group, there will be 3bn internet users globally by 2016. If it were a nation, the internet-based economy would rank in the world’s top five. And the UK sits at the forefront, with 8.3 per cent of GDP now online [...]
Rothschild heir backs launch of merchant bank February 18, 2013 EDMOND de Rothschild, the wealth manager chaired by an heir of the Rothschild banking dynasty, is to launch a UK merchant bank after winning regulatory approval for the plan. The new outfit, which was given consent to launch by the Financial Services Authority in mid-January, will be called Edmond de Rothschild Private Merchant Banking and [...]
Whaam! Merrill seeks street cred with graffiti and tattoo project February 18, 2013 BANK of America Merrill Lynch, sponsor of the Tate Modern’s highly anticipated Lichtenstein exhibition, is also backing a far less traditional venture – an outdoor graffiti art project. With the retrospective finally opening this week, the firm is getting involved with a Lichtenstein-inspired art education project with Graffiti Life – a collective of tattooists and [...]
Best of the Brokers for 19 February 2013 February 18, 2013 ASSOCIATED BRITISH FOODS UBS has a buy rating on the clothing-to-sugar conglomerate and has raised its target price from 1,705p to 2,000p as currency tailwinds lift the firm. The broker also expects Primark to accelerate further this year, which combined with lower restructuring costs in grocery and ingredients should help deliver double digit earnings growth [...]
BLP’s trainees told to march to the firm’s tune February 18, 2013 SPARE a thought for the latest intake of trainees over at Berwin Leighton Paisner, who started last week. The law firm is not only sending the fresh recruits off today for a relaxed day of team bonding at Army officer training centre Sandhurst – a video of their exploits will feature on the web. The [...]
FTSE funds help raise £1bn for infrastructure February 18, 2013 A HOST of FTSE 100 retirement funds yesterday revealed they had raised £1bn to plough into the UK’s creak- ing infrastructure as inf luential investor Edmund Truell called on government to do more to boost building investment. Pension schemes run by BAE Systems, BT, Lloyds TSB and British Airways are among ten schemes launching a [...]
Currency wars set to expand despite G20 February 18, 2013 THE WORLD’S biggest economies will be able to continue manipulating exchange rates despite reassurances from the G20 leaders it will not happen, analysts warned over the weekend. Although the communiqué from the G20 ruled out the deliberate weakening of currency values, it is still deemed acceptable as long as the change in exchange rates is [...]
Arsenal won’t be a pushover February 18, 2013 ARSENAL still pose a threat to their European rivals despite recent woes on the pitch, Bayern Munich manager Jupp Heynckes warned on the weekend. The German league-leaders arrive in London this morning ahead of tomorrow’s Champions League clash at the Emirates stadium. Arsenal crashed out of the FA Cup with an embarrassing home defeat to [...]
US stocks may not continue winning streak February 18, 2013 US stocks could struggle to extend their seven-week winning streak as the quarterly earnings period draws to a close and the market bumps into strong technical resistance. Many analysts say the market could spend the next few weeks consolidating gains that have lifted the benchmark Standard & Poor’s 500 by 6.6 per cent since the [...]
Guests clear the plates as Sarries celebrate a win February 18, 2013 GUESTS of the Tulip Club box at Saracens’ new home, Allianz Park, saw the club record a 31-11 victory over the Exeter Chiefs on Saturday. It was a full house for the first game since the team moved to the glossy stadium from the old grounds at Vicarage Road. Among the crowd gathered at the [...]
