Cable under fire over lost Eurofighter deal February 12, 2012 BUSINESS Secretary Vince Cable has come under fire for not lobbying hard enough to save the sale of BAE Systems’ Eurofighter jets to India. Fylde MP Mark Menzies said he had tabled questions to the Department of Business over its backing of the bid. BAE thought it had secured a contract to part assemble the [...]
CITY MOVES | WHO’S SWITCHING JOBS February 12, 2012 The Salamanca Group Jeremy Wrathall has been appointed as managing director of Salamanca Resources, the recently formed division of the group that will focus on the metals and mining sector. He joins Salamanca from Renaissance Capital, where he was head of investment banking for the firm’s London operation and had responsibility for metals and mining, [...]
BEST OF THE BROKERS February 12, 2012 DIAGEO Nomura raises its price target from 1,470p to 1,520p, and kept its rating as “neutral” after the world’s biggest spirits group posted a seven per cent rise in first-half operating profits last week to £1.87bn. Nomura said top and bottom line growth was marginally better than expected and raised its target price to reflect [...]
WALL STREET WEEK AHEAD February 12, 2012 DESPITE a mediocre earnings season and signs of an overbought market, Wall Street bulls are likely to remain in control this week. So far in this earnings season, 352 companies in the S&P 500 have reported results, of which only 63 percent have beaten Wall Street estimates. This compares to a beat rate of about [...]
Up-market dating as a business opportunity February 12, 2012 FEES START FROM £8,000 (+VAT) – WHY DO YOU THINK PEOPLE ARE WILLING TO PAY SO MUCH? People pay the fee as they want to meet someone on the same financial footing. The world has changed, for women especially. We marry later, have kids later and earn more. A woman’s shopping list for a man [...]
HOW TO RUN A BUSINESS WITH YOUR SPOUSE February 12, 2012 TO SOME, working with a spouse is a recipe for divorce. Thankfully, more than 20 years after buying a bankrupt business in Cornwall selling sheepskin boots, we’re still happily married – and Celtic Sheepskin is one of Britain’s largest sheepskin footwear and natural clothing companies. Here are some lessons we’ve learned about keeping both relationships [...]
Partnerships are all about finding the right person February 12, 2012 JUST a decade ago, the idea of going beyond family and friends to help find one’s significant other would be greeted by a mixture of confusion, curiosity and pity. However, times change and the plethora of introduction or dating agencies have expanded apace. Tomorrow is Valentine’s Day – and of course entrepreneurs have stepped in [...]
Gender quotas are wrong and don’t work – it’s time to treat people as individuals February 12, 2012 LAST week, the Prime Minister delivered a speech in Stockholm about diversity in the work-place, making the capitalist case that equality should drive more efficient business outcomes by realising a broader range of entrepreneurial talent. This welcome shift in emphasis highlights why mandatory gender quotas in the boardroom are such a bad idea. In Norway, [...]
There’s no logic in a punitive tax on bank bonuses February 12, 2012 LET us imagine two bankers. Let’s call them Jocelyn and Alastair. Last year they were both paid £2m. Jocelyn had a basic salary of £500,000 and a bonus of £1.5m. Alastair had a basic salary of £2m and no bonus. Who thinks that Jocelyn should pay more in tax than Alastair? Ed Miliband seems to [...]
Tokenism is no way to create cultural change February 12, 2012 AFTER a year in which the Centre for Economic and Business Research has estimated a total loss of around 27,000 jobs from the financial sector, and one in which it has been predicted by the Office for Budgetary Responsibility that the overall long-term unemployment figures will rise by a further 750,000 over the next four [...]
