Fixed income holding up October 27, 2010 DURING the financial crisis, Deutsche Bank’s reputation for being solid but uninspiring became an asset, enabling it to emerge from the abyss relatively unscathed. Now it seems to be shaking off the “boring” mantle, becoming the only bank so far to increase revenues from fixed income sales and trading in the third quarter compared to [...]
Noble sparks Hammers rally October 27, 2010 WEST HAM UTD3 VS STOKE CITY1 WEST HAM flirted with Carling Cup defeat for a second time this season before another late goal from captain Scott Parker prompted a stirring comeback. The Hammers looked to be facing a fourth-round elimination when Stoke striker Kenwyne Jones headed the visitors in front at Upton Park after just [...]
Webb unveils pension plans October 27, 2010 INDUSTRY breathed a sigh of relief yesterday, after the government watered down plans to boost the number of private pension savers. The government is still pressing ahead with plans to enrol millions of workers into a pension scheme automatically from 2012 onwards, but made several concessions following intense lobbying from businesses. By 2017, the vast [...]
AUTO-ENROLMENT October 27, 2010 Q.HOW MUCH DOES SOMEONE HAVE TO EARN TO BE ENROLED? A.The earnings threshold for auto-enrolment into the National Employment Savings Trust (NEST) will be the same as the income tax threshold, currently £7,475 (much higher than the £5,035 level mooted by the last government). But Peter Woods, pensions partner at PwC, points out the coalition [...]
CITY VIEWS: DO YOU THINK AUTO-ENROLMENT IS AN IMPROVEMENT TO THE UK’S PENSIONS REGULATION? October 27, 2010 MARCELLA POLZER | CONCORDIA CONSULTANCY “Overall, it’s better to have a pension scheme, but I don’t think it’s a great improvement because you never know what is going to happen in 30 or 50 years. I’d prefer to be paid more cash now than to be automatically enrolled in a company scheme.” DANIEL FARIKULLAH | [...]
BHP ploughs on in Potash court battle October 27, 2010 THE LEGAL tussle between mining group BHP Billiton and takeover target Potash moved several steps closer to an end yesterday, as Canadian regulators set a date for their hearing and the US courts heard more about Potash’s objections to the takeover. The Saskatchewan securities regulator said it will hear BHP’s challenge to Potash’s “poison pill” [...]
GSK whistleblower tried to spill the beans to boss in 2003 October 27, 2010 CHERYL Eckard, the whistleblower awarded a record-breaking £60m by a US court earlier this week, reportedly tried to call the former chief executive of GlaxoSmithKline (GSK) JP?Garnier in July 2003, to warn him there were problems with the group’s manufacturing plant in Puerto Rico. GSK declined to say last night whether JP Garnier knew that [...]
Brazil’s Vale sees its third quarter profits rocket by 250 per cent October 27, 2010 BRAZILIAN mining giant Vale yesterday said third-quarter profits rose more than 250 per cent from the year earlier to their highest level ever as the company benefited from rising iron prices and higher output. Vale, the world’s largest iron ore miner, reported a record net income of 10.55bn reais (£3.9bn) that beat analysts estimates as [...]
Ignore Premier League doom merchants October 27, 2010 SO the Premier League is going down the pan because only three of its players made the shortlist for the Fifa Ballon d’Or? Nonsense. Reports of its demise have been greatly exaggerated. The argument goes that the 23-man Ballon d’Or selection is an accurate measurement of the health of the English top flight. I would [...]
Betfair risks are revealed in prospectus October 27, 2010 BETFAIR yesterday released the prospectus that helped it float for almost £1.4bn earlier this month. The document includes 15 pages of risk factors that could derail the business, including attempts by EU member states to prevent online betting operators and clarification of online gaming regulation which could hit Betfair’s position as an exchange, rather than [...]
