FUND MANAGEMENT NEWS November 30, 2010 NEW SCHRODERS PROPERTY FUND Schroders has announced the launch of a new property fund. The Schroder global property income maximiser fund will aim to provide a regular income stream through exposure to global property securities. Subject to FSA approval, it will be opened to investors in February 2011. The fund is broadly similar to Schroder’s [...]
Downturn fuels a boom in the direct instruction of barristers November 30, 2010 I LIKE the culture of barristers’ chambers. The idea of walking into an aircraft hangar reception area at some City firm with modern art on the wall is maybe flaunting wealth too much these days.” This was the view of one in-house lawyer interviewed for a new study into “direct access” – clients instructing barristers [...]
Football clubs have to look to long-term November 30, 2010 INSOLVENCY is becoming more common for football clubs. So how can clubs avoid administration in the hard times ahead? What can administrators do to prevent it? The unique – and controversial – element of a football club insolvency is the requirement that certain football related creditors be paid in full as a condition of the [...]
A Lancer’s lesson in great value November 30, 2010 ACCORDING to a recent poll, BMW owners are the worst drivers on the road. I don’t know about that, but it’s interesting that on the M40, two drivers of BMW M-Series cars try to race me. Their moves are aggressive, predicable and stupid. But perhaps not as stupid as thinking that the car I’m in [...]
CAR TALK November 30, 2010 SNOW SOCKS FOR YOUR CAR Ok so the big freeze is here. And the British don’t generally take much of a Scandinavian approach to fitting snow chains to their cars, mainly because we just can’t be arsed. Luckily Vauxhall is selling Snow Socks for cars – a kind of motoring equivalent of non-slip socks – [...]
MARKETS REJECT IRELAND BAILOUT November 29, 2010 MARKETS rejected the €85bn (£71.6bn) bailout of Ireland yesterday, as traders turned their attention to those countries they think could be next: Portugal, Spain and Italy. EU finance ministers had hoped the deal would inspire confidence, but the FTSE closed down two per cent to its lowest level in two months, while the US’ Dow [...]
WPP not planning UK return November 29, 2010 LEADING marketing agency WPP is unlikely to return its tax base to the UK even if the Treasury reforms the corporate tax regime, it emerged yesterday. Sources close to the company said it would not be bounced into a “knee-jerk” reaction over the reform of controlled foreign company tax (CFC). WPP moved its tax base [...]
British economy has come a long way November 29, 2010 IT is amazing how narrow our escape from disaster has been. Yesterday, on a day when the markets continued to worry about the Eurozone, the Office for Budget Responsibility’s long awaited forecasts were reassuringly benign. Unexciting, sure, and an exercise in sophisticated guesswork, evidently, but that was exactly what the doctor ordered. A year ago, [...]
Half of Tube journeys run November 29, 2010 TRANSPORT for London (TfL) yesterday claimed to have run 48 per cent of trains despite the mass walkout by its staff. Around 50 per cent of regular Oyster journeys were completed using the underground network, with 80 per cent of stations remaining open, the operator claimed. Mike Brown, managing director of London Underground, said: “The [...]
CITY VIEWS: HAVE YOU USED A BORIS BIKE? November 29, 2010 MUKESH PATEL | KING WILLIAM NEWS “I have never used a Boris bike and I wouldn’t use one, not in the City of London. There are too many idiots on the roads. It’s just not safe, people drive with their eyes shut.” STEVE FARELY | BSKYB “Yes I use them maybe once a week. I’m [...]
