Carlsberg doesn’t do minimum prices, says group’s chief exec December 16, 2012 CARLSBERG doesn’t do cut-price offers for its alcoholic products – but even if it did it certainly would not agree with current proposals being considered by the UK government. Carlsberg boss Jorgen Buhl Rasmussen has spoken out against proposals to combat the binge-drinking culture of the UK. The plans could see a minimum price-per-unit of [...]
London float values plunge in a slow year December 16, 2012 THE VALUE of initial public offerings (IPOs) in London this year has fallen by more than 75 per cent, according to figures from financial data provider Dealogic. Over the past 12 months, there has been $4.4bn (£2.7bn) worth of deals, compared to $17.9bn during 2011. In numerical terms, there have been seven IPOs in London [...]
Private equity dealmakers are rushing toward sterling safety December 16, 2012 UK private equity buyout values shot up by nearly a quarter last year as dealmakers keen to do business in Europe headed towards the safe haven status of the UK’s sterling currency, a study out today reveals. Buyout activity across the UK increased 23 per cent to reach £15.7bn for 2012, the data shows, with [...]
Pensions group warns new EU rules may force schemes to shut December 16, 2012 BRITISH companies may have to stop offering final-salary linked pensions because of the cost of applying proposed European rules, an industry lobby group said. The proposed regime would force firms to find an extra £300bn to strengthen their pension pots, the National Association of Pension Funds (NAPF) said in a report out today, arguing this [...]
Ukip jumps to third place in popularity December 16, 2012 Ukip, the Eurosceptic party lead by Nigel Farage, has scored a record poll rating and overtaken the Liberal Democrats in three surveys over the weekend. The Survation poll for the Mail on Sunday, the ComRes poll for The Independent on Sunday and The Sunday Mirror and the Opinium poll for The Observer all gave Ukip [...]
Citi deal gossip trades too fast for Tradable December 16, 2012 READERS may remember The Capitalist reported not so long ago on Jannick Malling, the young founder of online trading platform Tradable, who picked up a gong for Most Innovative Financial Company at the Forex Magnates Summit last month. It seems that good news travels fast – word of Malling and Tradable’s award success had spread [...]
City scribbler aims to make a killing with thriller for charity December 16, 2012 THIS evening sees the launch of Michael Crawshaw’s thriller novel To Make A Killing, at the London Capital Club. Crawshaw has previously worked as head of European research at Citigroup and head of research at Schroders. However he has penned his debut Cit-lit to raise money for Joanna Lumley-backed charity Hands Together. The prime suspect [...]
Why football cannot ignore Europe’s new rules December 16, 2012 FOR those who aspire to be the next Sir Alex Ferguson, the Premier League’s fantasy football game offers the chance to build your own squad on a budget of £100m. Each fantasy manager has equally sized pockets, so the playing field is level. Thus, competition is fierce. Compare Premier League reality, where the elite maintain [...]
Steep dive for house prices in December lull December 16, 2012 ASKING PRICES suffered their biggest December drop on record this year, data from Rightmove revealed this morning. Asking prices collapsed 3.3 per cent in just a month across the UK, with London seeing a four per cent dive. The tumble is the steepest December decline since Rightmove began its survey a decade ago, outstripping the [...]
Saga says inflation has slashed older people’s incomes most December 16, 2012 THE TOTAL increase in the prices of the basket of goods bought by over 65s has outstripped official inflation in the past five years, according to data out today. Over 50s have faced 2.5 percentage points more total inflation since September 2007, data from Saga and the Centre for Economics and Business Research claimed yesterday. [...]
