OED endorses mansion taxes and micro pigs August 22, 2012 LEXICOGRAPHERS of the internet rejoice: the latest additions to Oxford Dictionaries Online are out. Like its dead-tree counterpart the Oxford English Dictionary, ODO periodically picks the best new words and phrases to add to its online library, skewing the list towards trendy buzzwords to craftily boost its traffic. Today’s additions include “Dunbar’s number”, the upper [...]
Poor show for Brits on Forbes’ female list August 22, 2012 It’s a rather poor show for Brits on Forbes’ annual ranking of the most powerful women with just two sneaking into the top 100. In Jubilee year, it seems fitting that Queen Elizabeth II is ranked 26. At 86, she’s the oldest woman on the list. And although it’s not mentioned, the Capitalist suspects she’s [...]
Paralympic Torch relay gets underway August 22, 2012 THE flames which will light the Paralympic torch were lit on top of the UK’s four highest mountains yesterday. At Scafell Pike (above) war hero Karl Hinett ignited the torch. The Paralympic Torch Relay will cover 87 miles before it eventually reaches London.
FSA could ban UCIS investment adverts August 22, 2012 A CRACKDOWN on the promotion of investments in unusual assets like crops and fine wines could be widened, the Financial Services Authority (FSA) warned yesterday, arguing ordinary retail investors do not have sufficient protection against mis-selling. Unregulated collective investment schemes (UCIS) can currently be promoted if an adviser assesses its suitability – but the FSA [...]
Claims groups face crackdown August 22, 2012 CLAIMS management firms face tougher rules on how they deal with customers, the Ministry of Justice said yesterday. Firms that help people claim payment protection insurance refunds or personal injury compensation will be required to give clients written contracts, the ministry said, and are facing limits on cold calling and text messages. Regulators punished more [...]
Primary Health in good shape August 22, 2012 Primary Health Properties, the healthcare property investment trust, yesterday reported a 1.2 per cent fall in net asset value to 314.9p a share in the first half of the year after raising £19m of equity at a four per cent discount to net asset value (NAV) in May. The group said rental income in the [...]
Ex-JPM head for Hochschild August 22, 2012 Hochschild Mining has hired former JP Morgan investment banking chief Enrico Bombieri as non-executive director. Bombieri, who had responsibility for investment banking over Europe, the Middle East and Africa, will join Hochschild in November. He has also worked for Guinness Mahon and Lehman Brothers. Hochschild recorded a 43 per cent drop in profits for the [...]
City Moves | Who’s switching Jobs August 22, 2012 EDM Group Iain Ferguson has been appointed non-executive chairman of the information management services provider. He is a previous executive vice-president of Havas, the French advertising company. Ferguson was also formerly chief executive of Mission Marketing Group, where he led its independent price offering. In his new role, he will identify and execute acquisition opportunities [...]
BEST of the BROKERS August 22, 2012 RIGHTMOVE Peel Hunt has a “sell” rating on the property search firm with a target price of £11.80. The broker believes that Rightmove’s better-than-expected revenues in the first half were a one-off, and that its shares remain fundamentally overvalued. ARM HOLDINGS S&P Equity Research rates the tech group “buy” and has raised its target price [...]
Miners and Eurozone politicians take the shine off the FTSE 100 August 22, 2012 MINERS left Britain’s top share index nursing sharp losses yesterday after BHP Billiton’s results offered a bleak outlook for the sector, while other cyclical stocks were weaker as Greek and European officials met on the Eurozone debt crisis. London’s blue chip index was down 83.32 points, or 1.4 per cent, at 5,774.20. Cyclical stocks such [...]
