Banks lead the way in Greece relief rally as FTSE gains 1.5pc June 29, 2011 Britain’s top share index gained sharply yesterday as Greek lawmakers backed an austerity plan to pave the way for bailout aid, with financials and commodity stocks leading the gainers. The FTSE 100 index closed up 89.07 points, or 1.5 per cent, at 5,855.95, building on Tuesday’s 0.8 per cent gain, having hit a fresh three-month [...]
THE NEW YORK REPORT June 29, 2011 Wall Street closed its best three-day run in the past three months yesterday after the Greek parliament approved austerity measures to avoid defaulting on its debt. Optimism about the plan’s approval has helped the stock market recoup some of its losses of the last two months. The CBOE Volatility Index, Wall Street’s “fear gauge,” fell [...]
FUND MANAGER OF THE YEAR | The Shortlist day nine June 29, 2011 Institutional investors play a critical role across the spectrum of corporate life and wealth generation in the UK. From generating households’ pension or life insurance income, to ensuring companies maintain the highest standards of corporate governance, their decisions are vital. In an increasingly globalised and competitive world, the City’s investment managers have proved themselves innovative, [...]
BUSINESS OF THE YEAR June 29, 2011 MICROCHIPS, miners and media – not to mention Man and the master of temporary power supplies Aggreko. This year’s shortlist for Business of the Year crosses sectors, but the finalists share ambition, innovation and bold decision-taking. Old and new, none are resting on their laurels or copying the past: all are looking to the future. [...]
Asia provides top prospects for emerging market gains June 29, 2011 HAVING successfully run Baring’s Global Emerging Markets fund for five years, James Syme (below left) and Paul Wimborne (below right) are moving over to JO Hambro Capital Management (JOHCM) to start the Global Emerging Market Opportunities fund. It is being launched today and will be run on the premise that “top-down developments, normally at the [...]
Swiss franc strength hits exports June 29, 2011 WHILE the European sovereign debt crisis rages on, Switzerland sits in the eye of the economic storm. Though the Swiss have been prudent where their European Union neighbours have been profligate, their economy is nevertheless suffering from the effects of the European turmoil. The longer the European crisis continues, the higher the Swiss franc will [...]
Three tips that will make you stand out from the other candidates at interview June 29, 2011 EXECUTIVE COACH IT’S TOUGH looking for a job. Hedge funds are attracting over 232 applications for every place. Standing out against a crowd of that many hopefuls is now more important than ever. But it’s amazing how many credible candidates fall at the first hurdle, making mistakes that a little preparation could solve. Here is [...]
CAREERS NEWS | IN BRIEF June 29, 2011 SPENDING ON STAFF IS UP 17 PER CENT Employers spent 17 per cent more on entertainment for their staff during the height of the recession (2008-9), such as days out at Ascot and golf trips according to data obtained by UHY Hacker Young. The taxable value of non-business related entertainment provided to staff jumped from [...]
Polo’s biggest star set to wow the crowds at Ham June 29, 2011 When the chance comes along to see the Argentine Adolfo Cambiaso play polo, women across the city race to the field. Widely considered the most gorgeous man in sport, the Jaeger-LeCoultre model is also one of the most talented (he used to model more but rumour has it he found it too boring). He summers [...]
Bigger breasts, bigger salary? Or a feminist nightmare… June 29, 2011 DEAR VEXED: I’m thinking about getting a breast augmentation to help me get ahead at work. Should I? Denise, 26, investment banking AN author and economist called Catherine Hakim has written widely on an idea called erotic capital. It says that you do better at work and in your life if you are more beautiful. [...]
