Pensions clarity can hit investor risk perception November 14, 2010 COMPANIES which disclose pension liabilities in their accounts are increasingly taking a hit on investor perceptions, regardless of whether or not they have a pension deficit, new research has shown. Over half of finance directors surveyed in a recent PwC study on attitudes to pensions accounting said that information disclosed in their accounts gave investors [...]
BEST OF THE BROKERS November 14, 2010 AMEC RBS rates the engineer a “buy” with an increased target price of £12.25. The broker believes AMEC’s recent half-year results were stronger than expected, with signs of a strengthening pipeline that should drive growth. RBS raised forecasts for 2011 by three per cent, and its target price by almost 20 per cent, although it [...]
The man who is set to bring more luxury to London’s five-star hotels November 14, 2010 LONDON’S five-star hotel market is set to take off over the next six months and a septuagenarian Maltese businessman called Alfred Pisani will be at the heart of the glamorous action. His £300m luxury Corinthia Hotel London, on Whitehall Place, is being completed and will take its first paying guests in April 2011. It is [...]
Lord Young kicks off entrepreneur week November 14, 2010 LORD Young is set to deliver one of his first major speeches as prime minister David Cameron’s new enterprise adviser, after the launch today of Global Entrepreneurship Week. The peer, who was employment and trade secretary as well as president of the board of trade in Margaret Thatcher’s government, was unveiled as the government’s new [...]
Over 50s ill-prepared for retirement November 14, 2010 JUST one in four workers aged 50 or over are financially ready for retirement, while a third have no retirement savings at all. Those are the stark findings of a report from insurer MetLife entitled “10 Years to Save for your Retirement”. Key findings also include 64 per cent of over-50s do not know or [...]
CITY MOVES | WHO’S SWITCHING JOBS November 14, 2010 3i Group After the merging of its buyout and capital growth divisions and the departure of several top dealmakers from 3i Group’s buyout team this autumn, the group recently recruited three new members for its senior leadership team. Leader of infrastructure business Cressida Hogg (pictured) will join head of UK markets Alan Giddins and Menno [...]
Barclays funds student scheme November 14, 2010 Barclays Real Estate has closed and funded a £66m senior debt facility for the Unite Group, the student accommodation provider and manager. The facility, which includes £50m for the development phase, enabled Unite to buy a sit at Great Suffolk Street on the Southbank for purpose-built student accommodation, which will be one of the largest [...]
CITY SETS OFF HALF A TONNE OF FIREWORKS November 14, 2010 LONDONERS were treated to one of the capital’s biggest public fireworks displays of the year on Saturday, as the Lord Mayor’s grand finale boasted nearly half a tonne of fireworks. The show’s 800-year old parade was three miles long this time – twice as long as the route it followed from Temple to Bank – [...]
BILL OF THE WEEK November 14, 2010 A generous client picked up this £1,102.50 tab for a gaggle of advertising executives last week as a long lunch ran into the afternoon and then evening in Soho’s Red Bar. In celebration of a new campaign launch, the group bought in a collection of food platters but the focus was more on the liquid [...]
Lack of G20 agreement is likely to affect shares November 14, 2010 THE autumn rally in stocks hit the buffers last week. Expectations of an interest-rate hike in China hit commodity prices, in turn leading energy and natural resources stocks to trade lower. This, along with the resurfacing of sovereign debt problems in Europe, caused leading stock markets to break their five-week winning streak. WEAKER SENTIMENT LIKELY [...]
