UK firms set for busy week of trading reports January 27, 2013 THE UK’s corporate calendar is packed this week as many of Britain’s biggest companies deliver their results before the month’s end. Both AstraZeneca and Royal Dutch Shell are set to give full-year results on Thursday, while British Sky Broadcasting, Haynes Publishing and Rank Group will give interim reports. Trading announcements are also expected that day [...]
US indexes are close to highs after stock lifts January 27, 2013 STOCKS have been on a tear in January, moving major indices within striking distance of all-time highs. The bearish case is a difficult one to make right now. Earnings have exceeded expectations, the housing and labour markets have strengthened, lawmakers in Washington no longer seem to be the roadblock that they were for most of [...]
Dear chancellor: Five steps to inject some life into a flatlining economy January 27, 2013 LAST week’s grim news that the economy is flatlining causes two headaches for the chancellor. First, his tentative deficit reduction plan is losing credibility by the day. Already he has postponed the date when he will balance the budget to the middle of the next Parliament. But his hopes of closing the UK’s unsustainable deficit [...]
Arts and the City are bound together in the interests of our wider society January 27, 2013 THROUGHOUT its history the Square Mile has always been about far more than just business. It is also part of London, part of wider society, and contributes to the life of the broader community in creating an environment conducive to serving and supporting business. Key to this is the City of London’s role as a [...]
Currency war now threatens to throw world off balance January 27, 2013 THE world may be on the brink of a currency war, if not already engaged in covert hostilities. Japan’s new government has done much to foster the idea that competitive devaluation is the order of the day, by bullying the Bank of Japan to achieve 2 per cent inflation. But even before it came to [...]
The Debate: Is there still a case for high-rise tower blocks as attractive buildings for Londoners to live? January 27, 2013 YES Ian Fletcher There are cities all over the world that have no problem with high-rise living, from New York to Singapore. Land in London is scarce and we need to make the most use of it – not only to ensure the city has space to grow, but also that we protect those green [...]
Letters to the editor January 27, 2013 Debt mechanics [Re: Economic perfect storm: The four trends that killed Western growth, Tuesday] An excellent summary of our economic troubles. But I have an inflation-related observation. Tim Morgan refers to a “shift to immediate consumption” as the cause of debt growth. But it’s wrong to blame consumers. Our economic policy is to blame. Morgan’s [...]
Pricey funds may pay off over time January 27, 2013 INVESTORS are often told that minimising costs should be a priority. However, there are certain instances where paying a little bit extra can reap rewards. This may be the case when it comes to choosing between open-end funds and close-end funds. Recent research from Winterflood has shown that, over the long term, closed-end funds (despite [...]
Standing out from the crowd in a new market January 27, 2013 CROWDFUNDING started in the 1990s and aimed to bring together people with similar interests to fund a project or business. Since 2008, however, following the decline in bank lending to small businesses, it has found a new face. Large numbers of private investors are linking up through online platforms to companies – usually early stage [...]
The big bad business of exploiting eager interns for free labour January 27, 2013 THE disillusioned young worker struggles out of bed at dawn and heads off to a menial and mindless job, offering only pitiful pay, poor treatment, and long hours. Happens in Asia, right? Africa? Well it happens here too. I met two people recently with worrying stories. Betti was excited about the world. She had just [...]
