Exits soar in private equity recovery September 11, 2011 STRONG initial public offering (IPO) results as well as secondary buyouts show the private equity (PE) industry is recovering robustly from the recession, according to a report out today from Ernst and Young. The new study looks at exit activity in 2010, finding it increased sharply on the figures for 2008 and 2009. Indeed, activity [...]
Inflation keeps climbing even as QE2 expectations take hold September 11, 2011 UTILITIES prices are rising, leading economists to predict inflation will spike in the coming weeks. Figures released tomorrow are expected to show annual consumer price index (CPI) inflation rising from 4.4 per cent in July to 4.6 per cent in August – well over twice the official two per cent target. Sharp rises in electricity [...]
ECONOMISTS’ VIEWS: WHERE IS INFLATION HEADING? September 11, 2011 PHILIP RUSH | NOMURA “Producer prices have been persistently pressurising profit margins, forcing firms to raise their consumer-facing prices. CPI could still hit five per cent, and we do not expect it to dip meaningfully below target at any point in our forecast horizon, even without another round of quantitative easing.” HOWARD ARCHER | IHS [...]
China’s bank lending gathers pace September 11, 2011 China’s bank lending quickened to 548.5bn yuan (£53bn) in August, topping market expectations of 500bn yuan and rebounding from July’s seven-month low, pointing to a slight relaxation in credit conditions for its businesses. But inflation, not growth, remains the top concern for Beijing and China’s central bank is unlikely to alter its current monetary policy [...]
Chinese state to invest in start-ups September 11, 2011 The Chinese government will give money to some venture capital investment firms in its latest effort to boost the development of what it labels strategic emerging industries. According to a new policy published by its Ministry of Finance over the weekend, the government is prepared to be a minority shareholder in a venture capital fund [...]
Asset manager list shows who is best in class September 11, 2011 A NEW list of the top young asset managers has highlighted the growing importance of emerging markets. More than a quarter of the young asset managers who made the Financial News “40 under 40” list either invest directly in emerging markets or have spent time working or researching in developing countries. The list also reflects [...]
Bombardier in line for a £120m deal September 11, 2011 TRAIN-maker Bombardier is set to be handed a government lifeline in the wake of its failed bid to produce trains for the Thameslink project. Canada-based Bombardier lost out on the £1.4bn contract to German engineer Siemens in June, leaving its Derby factory hanging in the balance. But a new Department for Transport (DfT) contract to [...]
CITY MOVES | WHO’S SWITCHING JOBS September 11, 2011 Merchant Securities The financial services group has appointed Dr Navid Malik as head of life sciences equity research. Malik joins from the investment banking arm of Matrix Group, where he was partner and head of life sciences research. Prior to that, he was a senior equity analyst for Collins Stewart and Williams de Broë, covering [...]
Work from home to avoid the Olympic queues September 11, 2011 Q&A: London 2012 TIME TO GET READY Q. WE ARE IN AN OLYMPIC HOTSPOT AREA AND HAVE STARTED SPEAKING TO OUR EMPLOYEES ABOUT OUR PLANS THROUGHOUT THE GAMES. NONE OF OUR EMPLOYEES CURRENTLY WORK FROM HOME AND ALTHOUGH THIS SEEMS TO BE A VIABLE OPTION, WE’RE NOT SURE WHERE TO START. WHAT WOULD YOU SUGGEST? [...]
Independent Commission on Banking report will hit FTSE September 11, 2011 AT 7am this morning the Independent Commission on Banking report on reform will be published. It’s widely expected that the main thrust of the report will be to recommend that retail banking is separated – ringfenced – from the investment banking side. That’s a potentially monumental impact on the likes of RBS, Lloyds and Barclays. [...]
