Saddlesore in the City after bike challenge January 20, 2013 AFTER organisers confirmed last week that three stages of the 2014 Tour De France will be held in the UK, there was no better time for the London Bike Show to hit town, as it took over the Excel Centre this weekend. Keen to make the most Team GB’s success at last summer’s Olympics, organisers [...]
Free cash and entrepreneurial spirit defy Blue Monday gloom January 20, 2013 THE third Monday in January (yes, that’s today) is often touted as the most depressing day of the year, based on a highly unscientific formulae involving weather, debt, time since Christmas, and guilt at failing set of New Year’s resolutions. But this year The Capitalist has noticed a slew of press releases from firms – [...]
Art gallery at 35,000 feet January 20, 2013 Not content with exhibiting his work in London, Paris, Los Angeles, the White House, and the shop shutters of Shoreditch, street artist Ben Eine has turned his spray cans on the first class cabin of a Virgin Atlantic plane. Eine is selling off ten transatlantic-themed artworks next month through Virgin’s Gallery in the Air, allowing [...]
Hedge funds disappoint as shares roar on January 20, 2013 COSTLY hedge funds failed to keep pace with run of the mill stock funds last year, as equity markets proved more profitable than the best performing hedge strategies on average, data shows. Statistics from the EDHEC Risk Alternatives Index show the most profitable hedge fund strategies for investors trailed US equity market returns by almost [...]
Scots housebuilder Cala Group mulls sell-off to Patron Capital January 20, 2013 UPMARKET housing developer Cala Group has a new front runner in the race to snap up the 138 year-old firm – private equity shop Patron Capital led by ex-Lehman Brothers banker Keith Breslauer. Cala Group, the first Scottish company ever to list on the London Stock Exchange, is in exclusive talks with Breslauer’s Patron Capital [...]
City Moves for 21 January 2013 | Who’s switching jobs January 20, 2013 Stonehage Group The European family office has appointed Rupert Hague-Holmes as a director in its private client and trust department. He joins from Kleinwort Benson, where he was head of legal services and group legal director. Hague-Holmes was also previously managing director of Close Brothers’s offshore businesses. Charles Taylor Tito Soso has been appointed group [...]
Best of the Brokers January 20, 2013 CREDIT SUISSE Morgan Stanley has upgraded Credit Suisse from “equal-weight” to “overweight” and upped its target price from SwFr25.50 to SwFr30 on expectation of gritty costs cuts from the Swiss bank. This could lead to a return on tangible equity of around 14 per cent, even on flat 2012 earnings, limiting downside. BG GROUP RBC [...]
Figures to show the state of the UK economy as Davos meeting begins January 20, 2013 FIGURES this week from the Office for National Statistics will reveal whether the UK economy shrank in the fourth quarter of 2012 and over the year as a whole. “We expect the economy to have contracted by 0.2 per cent quarter-on-quarter in the fourth quarter of last year which would limit year-on-year growth to 0.2 [...]
US earnings likely to push stocks higher January 20, 2013 WITH earnings momentum on the rise, the S&P 500 seems to have few hurdles ahead as it continues to power forward, its all-time high a not-so-distant goal. The US equity benchmark closed last week at a new five-year high on strong housing and labour market data and a string of earnings that beat lowered expectations. [...]
How modern technology and new working practices can save the NHS January 20, 2013 THE dust has finally settled on the government’s controversial health reforms, but the NHS is not out of the woods yet. The Office for Budget Responsibility’s latest forecasts suggest that its best-case scenario will see health spending remain flat for the rest of the decade. The challenge to do more with less is intensifying. So [...]
