CITY MOVES | WHO’S SWITCHING JOBS September 30, 2010 Threadneedle The investment manager has appointed Vanessa Donegan, a founding member of its investment team, as head of Asia and global emerging markets. Donegan has 30 years of experience in fund management, including her most recent role as Threadneedle’s head of Asia Pacific equities. She will now be responsible for overseeing the management of £6.5bn [...]
MEREDITH WHITNEY FEARS BANK APOCALYPSE September 30, 2010 A DIRE warning yesterday to the investment bankers of the world, as one of Wall Street’s most famous banking analysts, Meredith Whitney, called the apocalypse (Part II). Whitney, a former Oppenheimer & Co analyst who now runs her own advisory firm, is one of the most dedicated bears in the business, having begun by betting [...]
FTSE falls on weaker banks, despite advance made by BP September 30, 2010 BRITAIN’S FTSE 100 closed lower yesterday as weaker banks outweighed gains from energy stocks on stronger crude prices and comments suggesting BP could resume paying a dividend in 2011. The FTSE 100 closed 20.65 points, or 0.4 per cent lower at 5,548.62. It gained 6.2 per cent in September and 12.8 per cent in the [...]
Wall St slips, but logs strong quarter September 30, 2010 WALL Street wrapped up its best quarter in a year yesterday with the S&P and Nasdaq logging in the biggest monthly gains since April 2009, as data showed the economy isn’t in such bad shape. Defying September’s track record as the worst month for stocks, the S&P 500 was up 8.8 per cent. In the [...]
If fear of HMRC gets you down, cut a deal now September 30, 2010 THE Revenue net is closing in,” warns DLA Piper partner Simon Airey. “They’re creating a little bit of fear, which is what the HMRC like to do.” Sensing a public mood that is increasingly hostile to those who don’t pay UK taxes, treasury secretary Danny Alexander recently earmarked £900m for investigations into offshore tax evasion. [...]
SUMS ADDING UP FOR THE 2009 LAFITE September 30, 2010 MD & FOUNDER OF FINE WINE MERCHANT BORDEAUX INDEX BACK in late June, our analysts presented me with their prognosis for 2009 Bordeaux. The en primeur campaign at the time had already become the largest in history and despite high initial releases, prices were still going up extremely fast in the secondary market. Activity, however, [...]
Designing the family business September 30, 2010 DANIEL Taylor used to have a corporate job. In fact, he was the European managing director of a BTR subsidiary for 10 years. “I worked a lot. I missed out on the early years of my first two children.” Taylor says this as he sits in a large executive chair, looking relaxed and cheerful. Taylor [...]
Private sector loans support solid SMEs September 30, 2010 In a speech on Wednesday, prominent backbench Conservative MP David Davis said that Britain must do more to help small and medium size businesses through the recession, but stressed that this did not mean forcing the banks to lend. Instead he argued that businesses themselves would be the source of the recovery. The government has [...]
IP PROTECTION Q&A September 30, 2010 Q. What do I need to know about intellectual property? A. Intellectual property rights are determined by a tangled ball of varying categories of legislation that requires patience to unpick. The categories are wide, overlapping and vague. Certain components entitle you to rights over your property while others require you to take prior action to [...]
A penthouse in the other Wharf September 30, 2010 WITH its network of cobbled alleys running between ancient riverside warehouses, still bridged-over by those iconic iron gantries, Shad Thames has been one of the most atmospheric places to live near the City since its redevelopment in the 1980s. Its attractions are manifold: a thriving café culture, thanks in part to the investment in the [...]
