Shoppers drawn to Covent Garden by new Apple store November 9, 2010 COVENT Garden is reclaiming its historic role as London’s shopping hub after the opening of the new Apple store in August attracted tens of thousands more shoppers to the area. Capital & Counties (C&C), one of the area’s biggest landlords, said that the area has seen an 11 per cent increase in the number of [...]
Indian equities are too expensive to be attractive in the short-term November 9, 2010 PRESIDENT Barack Obama’s visit to India this week affirmed its status as a rising global power and as a country that is set to assume greater importance on the world stage. Its achievements have long been overshadowed by its northern neighbour China but India has quietly marched along the path to development. It is certainly [...]
FUND MANAGEMENT NEWS November 9, 2010 SVM UNVEILS GLOBAL STOCKPICKING FUND Edinburgh-based SVM Asset Management will launch its first global stockpicking fund called the SVM World Equity Fund. SVM will change the name and objective of the SVM UK Alpha fund to form the new fund and the changes are due to take place, subject to approval, on 1 December. Managed [...]
The pioneers of third-party litigation look for a market November 9, 2010 IN his landmark Review of Civil Justice Costs published earlier this year Lord Jackson devoted a whole chapter to the nascent market in third-party litigation funding, the practice where funders are prepared to back legal claims in exchange for a share of the spoils. This has been historically regarded by courts as unlawful, but Jackson [...]
Foundations are the choice for big givers November 9, 2010 GOVERNMENT spending cuts will have a major impact on public services, putting more pressure on charities. Indeed, in David Cameron’s “big society” charities will become more important than ever. Luckily, wealthy individuals are increasingly showing an interest in giving, perhaps inspired by the examples of Bill Gates and Warren Buffett. But if you are thinking [...]
BRIEFS | LEGAL NEWS November 9, 2010 MORE LEAVE SJ BERWIN The movement of staff from SJ Berwin to Irwin Mitchell continues. Twelve associates from SJ Berwin are to make the move, following a four-strong real estate team moving last month. Three of the associates will join at partner level. The new arrivals will work in real estate, real estate finance, and [...]
CityA.M. reader wins £1,000 of prize art works November 9, 2010 CONGRATULATIONS to City A.M. reader Sarah Graves-Woods, a senior consultant at Oakleaf Partnership, who was on hand last night to select her winning art work up to the value of £1,000 from sponsor ING. ING Discerning Eye 2010 – an exhibition showing small works independently selected – opens to the public tomorrow at the Mall [...]
The banks want to lend: they just can’t find the businesses November 9, 2010 SENIOR politicians have repeatedly called on the banking sector to increase their lending to SMEs (small and medium-sized enterprises). According to new ACCA/CBI research, however, they’ve got it the wrong way around: the banks are willing to lend but there are increasingly fewer and less credit-worthy businesses to lend to. WHERE ARE THE SMES? Discouraged [...]
BEST OF THE BROKERS November 9, 2010 SPIRAX SARCO RBS rates the engineering group a “hold” with an increased target price of £19.25. The broker has upgraded its full year 2010 earnings per share forecasts by four per cent following a healthy interim management statement, and sees sales growth of five per cent in 2011 with strong growth in Asia. ASOS Singer [...]
ACCA EXPERTS | WHAT YOU MIGHT HAVE MISSED IN THE COMPREHENSIVE SPENDING REVIEW November 9, 2010 Chas Roy-Chowdhury Head of taxation It’s very disappointing that HMRC’s budget was cut, although given that the Treasury had its budget cut by 33 per cent, maybe a 15 per cent cut isn’t as bad as it could have been. However, HMRC is a department that is having trouble even standing still, so any cut [...]
