Johnson steps up to inherit Fidelity crown August 29, 2012 ABIGAIL Johnson, scion of fund management business Fidelity Investments, yesterday became one of the most powerful women in finance after being made president of Fidelity Financial Services. The firm, founded by her grandfather, is currently headed by her father, Edward Johnson. Abigail Johnson is widely tipped to succeed her father to one day lead the [...]
Drop in number of homes with jobless adults August 29, 2012 THE NUMBER of British households in which no adult is working has fallen to its lowest level since the credit crunch struck in 2007, figures from the Office for National Statistics (ONS) revealed yesterday. From April to June the ONS counted 3.67m households with one or more person between the age of 16 and 64 [...]
London housing market booms driving average prices upwards August 29, 2012 LONDON proved yet again to be the driving force behind a continued house price recovery in July, Land Registry data showed yesterday. With prices up 2.7 per cent in July, the London market was behind the overall 0.8 per cent increase seen across England and Wales. Downward pressure came from slipping prices in the north [...]
Cost to comply set for big rise August 29, 2012 COMPLIANCE costs are set to explode under the UK’s incoming regulatory regime, which is planned to come into action in early-to-mid 2013, according to a survey by consultant Protiviti. Half of those polled – all senior compliance professionals at financial services firms – said that their employer’s costs of fulfilling regulators demands would rise by [...]
Public expects inflation to lift August 29, 2012 THE PUBLIC expects inflation to rise over the coming year, before going yet higher in the long term, a YouGov poll of inflation expectations revealed yesterday. The median respondent expected inflation of 2.8 per cent for the year from August, up from 2.4 per cent in June and July, ticking up after last month’s surprise [...]
Smashing Windows Phones August 29, 2012 AS THE dust settles following the explosive legal case between Apple and Samsung, in which the Korean firm was ordered to pay a minimum of $1bn for patent infringement, an unlikely third party is emerging as one of the potential winners. Microsoft has invested billions in its Windows Phone software, to some critical acclaim, but [...]
Need to know August 29, 2012 Samsung last night released the hotly anticipated successor to its genre defining “phablet” the Galaxy Note, catchily dubbed the Galaxy Note II. The Korean firm is still reeling from the ruling that could yet halt sales of some of its most popular smartphones. The Note, though, is not on Apple’s hit-list – and that makes [...]
We don’t need to talk about Kevin August 29, 2012 TWO-TIME Ashes-winning England captain Andrew Strauss brought an abrupt end to his reign yesterday, but insisted his sudden retirement from all cricket had been driven by his own struggles as a batsman rather than the dark shadow cast by another, Kevin Pietersen. Strauss, who had made just one Test century since November 2010, said he [...]
New captain stunned by Strauss exit August 29, 2012 INCOMING Test captain Alastair Cook admits he was shocked by the sudden nature of Andrew Strauss’s retirement from cricket. One-day skipper Cook only heard the news on Tuesday evening, with the rest of his 50-over colleagues, after his side’s defeat to South Africa in Southampton. “It was a sad dressing room when we found out,” [...]
Cook could be in for a rough start as England’s new leader August 29, 2012 WHEN Andrew Strauss took over as captain he inherited an England team in a desperate state, following the fiasco of Peter Moores’s and Kevin Pietersen’s departures. Now, as he leaves, the team is in much better health, and for that he deserves great credit. His decision to retire is terrific, because the temptation to stay [...]
