Pension saving gender divide widens in 2012 October 21, 2012 THE GAP between men’s and women’s retirement savings widened further over the past year, data from Scottish Widows revealed yesterday, as the second dip of the recession hit personal finances. Women are saving £776 less than men a year, the report said, up from £700 reported last year. If the divide persists, a 30-year-old woman [...]
Think-tank says alcohol duties steer drinkers to illegal booze October 21, 2012 HIGH ALCOHOL duties are driving drinkers to dangerous and duty-free illegal beverages, a report from the Institute of Economic Affairs claimed today. As the price of legally-purchased alcoholic beverages rises, more and more consumers are turning to illicit alternatives, the report claims, losing the exchequer as much as £1.2bn every year. “The government’s focus on [...]
Fed expected to sit on hands in October after flurry of activity October 21, 2012 THE FED will hold fire at this week’s policy setting meeting, analysts predicted over the weekend. The Federal Open Markets Committee – which sets interest rates and quantitative easing (QE) – will keep the status quo at this week’s meeting, analysts say, after a flurry of accommodative monetary policy measures at the last meeting in [...]
City Moves | Who’s switching jobs October 21, 2012 KPMG Michael Anderson has been appointed to the newly-created role of head of direct tax litigation at KPMG in the UK. He joins from Dorsey & Whitney, the US law firm, where he was a partner in its tax litigation team. Anderson has specialised in the area for 10 years. RBC Wealth Management The wealth [...]
Best of the Brokers October 21, 2012 BARCLAYS Canaccord has cut its rating on the bank from “buy” to “hold” while keeping its price target at 280p. The broker reckons a shake-up at Barclays Capital to make it more independent could bolster the shares. REDROW Panmure Gordon keeps its “hold” rating and 152p target on the house builder after takeover talks failed [...]
UK set to celebrate the official end of the recession after Games boost October 21, 2012 THE UK is this week expected to officially exit recession, with news from the Office of National Statistics set to confirm the double dip is over. The ONS will publish its first estimate of third quarter GDP, with analysts predicting impressive growth, due in part to the Olympics. Howard Archer, of IHS Global Insight, said: [...]
Jittery market awaits deluge of Q3 earnings October 21, 2012 US earnings started the quarter on the wrong foot, and things have only got worse. Expectations for the third quarter were dismal, with forecasts for a decline in profits from a year ago. But a recent flurry of high-profile reports has investors scowling at the weak revenue numbers, adding to worries about the state of [...]
Elected police chiefs should be given more powers to protect us October 21, 2012 IN LESS than a month, all communities in England and Wales outside of London will undergo radical democratic change. On 15 November, 41 Police and Crime Commissioners will be elected with the one objective of cutting crime in their local areas. London isn’t being left out: the Mayor already has similar powers. Police and Crime [...]
The City is poised to benefit from economic development in Latin America October 21, 2012 SOON after taking over as lord mayor last November, I had the honour of hosting the President of Colombia at Mansion House. In his thoughtful lecture, Juan Manuel Santos outlined the striking progress that his country, and Latin America more generally, has made in recent years – across governance, security and economic management. He also [...]
Why stammering didn’t hold back my career at E&Y October 21, 2012 WHAT do Moses, George VI, Sir Winston Churchill, Charles Darwin, Emily Blunt, Bruce Willis, and Julia Roberts have in common? They all suffered, or suffer, from a stammer. Today is International Stammering Awareness Day. And an increasing number of organisations in the UK are now waking up to the potential that stammerers hold. They’re taking [...]
