CITY MOVES | WHO’S SWITCHING JOBS July 24, 2012 Intelligent Environments The digital banking software provider has appointed David Webber as its managing director. He has over 20 years’ experience in financial services software and joins from Patsystems Group, where was chief executive. Houlihan Lokey Magnus Scaddan has been appointed managing director, and head of consumer and retail for Europe, Middle East and Africa, [...]
BEST of the BROKERS July 24, 2012 AFRICAN BARRICK GOLD Numis has upgraded the miner from “hold” to “add” with a target price of 430p, due to price depreciation. Full-year forecasts are reduced after a miss on Q2 costs. AMLIN Canaccord Genuity has upgraded the insurer from “hold” to a speculative “buy” with a 400p price target ahead of first half results [...]
FTSE tumbles below 5,500 mark as Spain edges closer to a full bailout July 24, 2012 BRITAIN’S top share index closed back below 5,500 for the first time this month yesterday, with financials among the worst off on Eurozone debt exposure fears as Spain looked to be nearing a full sovereign bailout. Spain paid the second highest yield on short-term debt since the birth of the euro at an auction yesterday, [...]
Worrying stats help pull Wall Street lower July 24, 2012 WALL Street stocks fell yesterday, hit by signs the Eurozone crisis is worsening and evidence that Europe’s slowdown is hurting US companies, including bellwether UPS. The decline was the third straight for the S&P 500 index, which tested its 50-day moving average, a technical support level that could trigger more selling if convincingly broken. United [...]
EDF Energy is whipping up a storm of innovation for electric vehicles July 24, 2012 COUNTDOWN TO THE LONDON 2012 OLYMPIC GAMES 2 DAYS TO GO London’s charge point upgrade will be a lasting legacy THE atmosphere will be electric when the world’s greatest athletes compete at London’s Olympic Games over the coming weeks. But the power needed to stage the greatest show on earth has to come from somewhere, [...]
An energetic tool to help manage business ambitions July 24, 2012 THE word legacy is somewhat overused. But Visi – the real-time energy monitoring technology, installed by EDF Energy at sports venues across the Olympic Park – has a business case that reaches beyond the Games. Visi (see screenshot right) helps energy managers understand and reduce electricity consumption. It will remain at the Olympic Stadium, Aquatics [...]
The coalition must press reset and make a positive case for austerity July 24, 2012 GEORGE Osborne’s fiscal strategy increasingly resembles alphabet soup: Plan A for austerity, Plan A+ for magic bullets, Plan B for debt and Plan I for infrastructure. Flexible planning is not necessarily a bad thing. What is a problem, however, is if revisions do not reflect changing economic circumstances but a weakness in the Treasury’s approach. [...]
Japan shows we can’t rely on inflation to tame rampant government debt July 24, 2012 THE DEBT problem currently afflicting the UK and Europe is essentially a question of political economy. Basically, there is a lot of debt around and everybody is wondering who is going to pay for it. All the economic theory in the world fails to get around this fundamental issue. Traditionally, bondholders took the hit when [...]
Push students into maths subjects or watch industry fail July 24, 2012 THE HOUSE of Lords select committee on science and technology has just published an insightful report into higher education in science, technology, engineering and mathematics (STEM) subjects. It rightly suggested that the jobs of the future will increasingly require people with the capabilities and skills that a STEM education provides. However, there is a mismatch [...]
As Spain nears a full bailout, will Germany accept fiscal union to save the Eurozone? July 24, 2012 YES Stephen Barber There is a good reason why markets have been unconvinced by the latest Eurozone intervention: policymakers continue to deal with symptoms while structural problems mount up. This is now the third summer in which investors have seen returns hit by a deepening euro crisis. Each time has resulted (eventually) in credible responses [...]
