CITY MOVES | WHO’S SWITCHING JOBS February 24, 2011 SRL Global The technology investment platform has made a new appointment by hiring Robin Ellison as a new member of its executive advisory board. In this role, he will primarily focus on strengthening SRL Global’s position in the pension fund market. Ellison previously served as chairman of The National Association of Pensions Funds (NAPF). In his [...]
BEST OF THE BROKERS February 24, 2011 HENDERSON Morgan Stanley rates the asset manager “overweight” with a target price of 200p. The broker believes that the market has underestimated the cost synergies of the firm’s tie-up with Gartmore, and believes Henderson can retain around 85 per cent of assets once the deal is complete. It adds that Henderson’s full-year results were inline [...]
Energy stocks rally but RBS leads the FTSE downwards February 24, 2011 UNREST in the Middle East and North Africa hit Britain’s top shares again yesterday, though rising crude prices and upbeat comment from oil major BP on its Indian activities lifted energy stocks. The FTSE 100 closed down 3.55 points, or 0.1 per cent, at 5,919.98, pinned just below a seven-month technical support level of 5,920. [...]
Wall St falls again on Libya concerns February 24, 2011 US stocks fell for a third day yesterday as US crude oil prices hovered near $100 (£61.73) a barrel on violence in Libya. Oil’s sharp rise this week has fuelled worries about the effect of energy costs on consumers and business. US crude oil futures were at their highest since late August 2008, as the [...]
The entrepreneur who has found just the ticket February 24, 2011 IAM worried about the Olympics.” Joe Cohen, the founder and CEO of Seatwave, leans forward to explain. “They are capping the cost of all the tickets at face value, which is a stupid idea. It’s simple economics that whenever you have a situation where demand exceeds supply and you have a price cap, a black [...]
UK GRADS ARE NOT MOTIVATED FOR REAL WORK February 24, 2011 FOUNDER AND CEO OF LINKDEX WE’RE on the receiving end of a tidal wave of bad news about the economy. From government debt, to the jobs shortage and rising fuel prices. This, however, doesn’t worry me. What worries me – no, terrifies me – is the way we have, in the last 12 years, managed [...]
ENTREPRENEURS NEWS | IN BRIEF February 24, 2011 A Dragon in Romania The founding Dragons’ Den panellist Doug Richard has been drafted in by Romania’s Post-Privatisation Foundation (PPF) to deliver an intensive training course which aims to help Romanian entrepreneurs turn their ideas into fast-growth successful businesses. The program will train 250 Romanian entrepreneurs and thanks to the PPF, the School for Start-ups [...]
Making interiors more fashionable February 24, 2011 BLACK leather rock and roll was certainly a feature of this year’s London Fashion Week. Kate Moss was slapped across yesterday’s papers for finishing the week in a floor length leather dress. But she wasn’t the only one to be upping the ante and embracing cow skin. The German twins, Daniela and Annette Felder, behind [...]
London’s hidden property gems February 24, 2011 ROTHERHITHE, SE16 The renaissance of this former dock has gone largely unnoticed, and house prices are generally cheaper than surrounding areas. Carl Davenport, of estate agents Chesterton Humberts, says Rotherhithe is the “overlooked neighbour” of Tower Bridge. “Prices are in many cases cheaper by up to 20 per cent on a like to like basis,” [...]
NEED TO KNOW | AREA INSIGHT February 24, 2011 Commuting: First-rate connectivity. Liverpool Street is just five minutes away on the central line, while the jubilee line can transport you to Canary Wharf in a quarter of an hour. Crime: Crime rates are higher than national averages, but regeneration projects (most notably – the Olympics) should encourage these to fall. Education: Stratford might not [...]
