The calm before the fiscal storm October 29, 2012 AS HURRICANE Sandy hits the eastern seaboard of the US, just how much will it rock the markets? And could it be a game changer for the presidential elections – now only a week away? According to an analyst note by the chief investment strategist of S&P Capital IQ, Sam Stovall, history says that hurricanes [...]
Analyst picks for 30 October 2012 October 29, 2012 CURRENCY STRATEGIST CHRIS VECCHIO My pick: Long New Zealand dollar-dollar and euro-dollar Expertise: Fundamental and technical analysis Average time frame of trades: A few hours to a few days Currencies like the Australian and New Zealand dollars have been quite resilient in the face of declining equity markets. This fits in neatly with my assessment [...]
Hirsutes you, sir October 29, 2012 The boom in male grooming continues apace – and according to Braun’s new ambassador Andrew Davis, it isn’t all about tapping into one’s inner metrosexual, despite what some brands would have you believe. You’ll be forgiven for not recognising Davis’ name, but if you’re a fan of the respective looks of Tom Cruise, Tinie Tempah, [...]
Cheap doesn’t always mean bad but be prepared for a challenge October 29, 2012 bottleopener@cityam.com THE £5 bottle of wine has long been a staple in everyone’s shopping baskets but that’s changing. Today’s 20 per cent VAT and the general impact of inflation is quickly making it nothing more than a distant memory. With that in mind, accompanied by six City A.M. readers, I set on a quest to [...]
Give Tequila another chance October 29, 2012 City A.M.’s resident cocktail expert Tequila has a bad reputation. The mere sniff of the spirit invokes Proustian recollections of nights out that went very bad. Many a youth has been misspent licking salt off the back of a hand, downing a shot of questionable tequila and sucking on a wedge of lime. It’s a [...]
City firm: We might have been hacked October 29, 2012 THE PHONE hacking scandal yesterday widened to include City targets, as leading public relations firm Citigate Dewe Rogerson admitted that the voicemails of three of its executives may have been targeted by hackers. City A.M. understands that the firm was made aware of the potential breach as part of Operation Weeting, the Metropolitan Police investigation [...]
Wall Street battens down the hatches for Frankenstorm October 29, 2012 US STOCK exchanges shut down their trading floors today and Wall Street firms prepared staff to work from home or regional offices as New York braced itself for the arrival of hurricane Sandy. The New York Stock Exchange said yesterday it would close its trading floor for weather-related reasons for the first time since hurricane [...]
Tory MPs call for £50,000 threshold for higher tax October 29, 2012 PEOPLE earning less than £50,000 a year should not pay the 40p higher rate income tax, according to a report out today by prominent backbench Conservative MPs. The proposal comes from Kwasi Kwarteng and Priti Patel, who both belong to the Free Enterprise Group of 36 MPs who seek to promote economically liberal causes. At [...]
How income tax has become such a nightmare for so many October 29, 2012 WHENEVER you hear a politician promising that a painful measure will be purely temporary, run for the woods, tin hat in hand. The most painful of all policies, the income tax, was first introduced in Britain as an emergency measure to pay for the Napoleonic wars. From the beginning, as Kwasi Kwarteng and Priti Patel, [...]
ESPN may shut off TV channel after chief exits October 29, 2012 THE HEAD of ESPN’s European TV operations has quit the broadcaster, in a move that may pave the way for the company to shut down its UK sports channels from next summer. Jeroen Oerlemans, ESPN’s vice president in charge of TV in Europe, the Middle East and Africa, has recently stepped down without a successor [...]
