ECB’s top man calls for closer fiscal ties in EU September 23, 2012 ONLY closer government ties and a limited system of financial transfers can help the Eurozone move past its current crisis and focus on long-term competitiveness, the European Central bank’s (ECB) Benoît Cœuré said yesterday. “In order to restore confidence, policymakers in the euro area need to resolutely push ahead with fiscal consolidation, structural reforms to [...]
G20 deputies meet in Mexico to try to end food price worries September 23, 2012 TOP CIVIL servants from the G20 nations are meeting in Mexico in an attempt to hammer out common ground on food prices, which have rocketed this year. The two-day meeting is intended to prepare the ground ahead of November’s meeting of finance ministers and central bank governors. Britain’s top representative at the gathering of deputies [...]
Investors flood into UK shares as fall in price proves tempting September 23, 2012 BRITISH shares are at last at a low enough price to tempt investors back into the market, according to Capita Registrars’ data out today. Over this summer a net £1.3bn was pumped into shares by individual investors, accompanied by rising share values boosting their wealth by £17.6bn. The small holders sold a net £1bn in [...]
Botham and Clarke club up for two day charity golfing feast September 23, 2012 SPORTING legends Sir Ian Botham and Darren Clarke teed up a global gathering of the celebrity and business elite at the Archerfield Links in Scotland to take part in a golfing charity fundraiser – raising over £500,000 for charity. The Pro Am invitational, which raises money for Botham and Clarke’s charities, “Beefy’s Charity Foundation” and [...]
Win champagne Spot the City landmark September 23, 2012 THERE are only a few weeks to go until St John’s Ambulance’s flagship black-tie City quiz evening, The Game, on 24 October, which will be raising funds for the life-saving work of the charity. All proceeds from The Game will support Teach the difference, SJA’s campaign to equip an entire generation with first aid skills. [...]
Mobile advert growth slow as phone use rises September 23, 2012 ADVERTISING agencies are reluctant to invest in mobile adverts despite the increasing numbers of people using smartphones and tablets, figures released today show. Data from media trade body the Association of Online Publishers (AOP) has found that despite 87 per cent of publishers receiving more than a fifth of their traffic via mobile, less than [...]
We will soon find out whether America’s recovery is real September 23, 2012 FEDERAL Reserve chief Ben Bernanke took aim at the housing market this month, saying it was one missing piston in the economic engine. The Case-Shiller Home Price Index tomorrow will be the economic equivalent of a peek under the US bonnet at the start of the third quarter, with some wondering if the hum of [...]
Chief of Volvo Cars on leave after a stroke September 23, 2012 THE chief executive of Zhejiang Geely-owned Volvo Cars suffered a mild stroke last week and will take sick leave for the next month, the company said in a statement yesterday. Stefan Jacoby, 54, was placed under medical supervision and has already started the recovery process, the firm said. “I was lucky that it was a [...]
City Moves | Who’s switching jobs September 23, 2012 RBC Wealth Management The wealth management division of the Royal Bank of Canada has announced two appointments to the Americas desk of its UK private client wealth management team. Shehreen Quayyum joins as a director from HSBC Private Bank, where she was an associate director in its international team. She has also worked for HSBC [...]
Best of the Brokers September 23, 2012 CLOSE BROTHERS Shore Capital rates the banking and asset management firm “buy” with a target price of 840p ahead of full year results tomorrow. The broker expects flat pre-tax profits of £130m and an upbeat outlook. WILLIAM HILL Numis has raised its rating from “reduce” to “hold” and its target price to 310p after the [...]
