CITY MOVES | WHO’S SWITCHING JOBS July 27, 2011 Royal Bank of Scotland The bank has appointed Helen Gordon as head of West Register, its special unit for distressed property assets in a newly created role with responsibility for global strategy. Her main task will be to maximise the returns to the group from property assets. Gordon joins from Legal and General Investment Management [...]
BEST OF THE BROKERS July 27, 2011 FIAT Morgan Stanley rates the automotive firm “overweight” with a target share price of €9, saying that the balance sheet is poorly understood and that net debt can continue to surprise. However, it sees better near-term returns in VW and Daimler. The broker has lowered its net debt estimate eight per cent to €4.7bn, and [...]
FTSE dips on US deficit talks July 27, 2011 FINANCIALS led Britain’s topshare index lower yesterday, on concerns that deeply-divided US lawmakers would fail to agree to a deal to avoid a default on the country’s debts. The UK benchmark index closed 73.15 points, or 1.2 per cent lower at 5,856.58, albeit in thin volumes. The continued standoff by US politicians has prompted fund [...]
Worst day in eight weeks for Wall St July 27, 2011 WALL Street suffered its worst day in eight weeks yesterday, hit by weak earnings, lacklustre economic data and no movement in Washington talks as the deadline for a US default looms. The Dow Jones industrial average was down 198.75 points, or 1.59 per cent, at 12,302.55. The Standard & Poor’s 500 Index was down 27.05 [...]
Taking a gamble on your child’s character July 27, 2011 FOR those looking to save for their children, the slow drip-feed of information on the new Junior Isa (Jisa) has been frustrating. With yesterday’s update, we are a step closer to getting the final details – although questions remain, particularly in how child trust funds (CTF) will fit in with the new regime. But one [...]
Three ways to lower capital gains tax bills July 27, 2011 CAPITAL gains tax (CGT) soon adds up. Upon exceeding your allowance of £10,600, you will be charged either 18 per cent if a basic rate taxpayer, or 28 per cent CGT if a higher or additional rate taxpayer. There are a number of ways in which you can mitigate the pain from this second and [...]
High-speed changes to FX trading July 27, 2011 ELECTRONIC trading is not a new development. Nasdaq, the first electronic exchange, is more than 40 years old. But advancing technology has slashed latency. On the NYSE, 10 years ago an order took 20 seconds to execute a trade, now it takes one. “High-frequency trading (HFT) is a natural result of the technological developments we [...]
Actuaries count on career satisfaction July 27, 2011 SENIOR ACTUARIAL PARTNER, MAZARS THE idea of becoming an actuary will fill some people with horror, but believe it or not there are many benefits to the profession. For those unaccustomed to the profession, actuaries are people who use financial models to access the financial impact of risk and uncertainty. The work can bring travel, [...]
CAREERS NEWS | IN BRIEF July 27, 2011 RECORD GRADUATE DEMAND Demand for graduate positions and work experience are at a record high, says Ernst & Young (E&Y). Graduate applications at E&Y were up almost a third this year. This is in keeping with the results of the biannual survey from the Association of Graduate Recruiters. That shows the number of applications for [...]
Insider Google story feels all too familiar July 27, 2011 I’M FEELING LUCKY: THE CONFESSIONS OF GOOGLE EMPLOYEE NUMBER 59 BY ZOE STRIMPEL Allan Lane, £20 hhhii DOUGLAS Edwards’ take on the Google story isn’t your average account of the rise and rise of the internet giant. We know this because he is at pains to tell us. I’m Feeling Lucky, he says, is an insider’s [...]
