Caution keeps volumes low and Wall St flat February 13, 2013 US stocks drifted in light volume yesterday, ending little changed, as investors remained cautious after the S&P 500 index briefly hit its highest intraday level since November 2007. The S&P 500 was buoyed by General Electric after cable company Comcast said it will buy from GE the the part of NBCUniversal it didn’t already own [...]
High inflation is denting recovery: The Bank of England must act now February 13, 2013 IT’S official. The Bank of England has confirmed in its latest Inflation Report that it is unlikely to get inflation back to target in the next couple of years. On its central forecast, the Bank is not expecting inflation to be back around the 2 per cent level until late 2015 or early 2016. As [...]
Finance education at school is the first step to empowering future consumers February 13, 2013 I AM sure that you and I have at least one thing in common: that one of the most useful skills in our lives is being able to manage money – making sure I live within my means, don’t run up excessive debts, can pay my mortgage, can make sure my savings earn interest, and [...]
Crest Nicholson IPO could herald a new dawn for markets February 13, 2013 IN THE biggest flotation of the year so far, the housebuilder Crest Nicholson has returned to the stock market. One swallow doesn’t make a summer, but given that we have now seen a flock of the creatures, it’s clear that the initial public offering (IPO) market is open for business. The backdrop for such transactions [...]
The Debate: Should we blame EU policy for the failure to prevent the current horse meat scandal? February 13, 2013 YES Robert Oulds Food safety and labelling, and therefore the issue of food fraud, comes under the power of the EU. EU law (council regulation 178/2002) clearly states that food producers and retailers, not British civil servants, have the primary responsibility for food safety and quality in the UK. And if a product is judged [...]
Letters to the Editor February 13, 2013 True entrepreneurs [Re: Europe needs to be more relaxed about entrepreneurs getting filthy rich, yesterday] Few people have a problem with people like Google’s Eric Schmidt becoming wealthy if they have been genuinely entrepreneurial – creating something new by effort and ingenuity. But Paul Ormerod doesn’t seem to recognise a difference between Schmidt and many [...]
The white shirt: it’s a classic for a very good reason February 13, 2013 Since MAD Men’s Don Draper breathed new life into the white shirt back in 2007, it has been a wardrobe staple for the distinguished man about town. But picking the right one isn’t easy. Few people expect to walk into a shop and immediately find a suit that fits – the same goes for shirts. [...]
Team IT with these top accessories February 13, 2013 John Lobb Oxford shoes, £655 mrporter.com Bottega Veneta Curved intrecciato cufflinks, £270 mrporter.com Mulberry Heathcliffe leather briefcase, £895 mulberry.com
What 2013’s top gadgets might look like (we really, really hope) February 13, 2013 iPad 5 The last generation iPad was a small improvement on the iPad 3. Expect the next one to be lighter and thinner, and some analysts think it could shave 17mm from the width and 4mm from the height. It is also likely to feature a far smaller bevel, more akin to the iPad Mini. [...]
Firms going ex-dividend hit FTSE 100 February 13, 2013 The leading share index fell this morning, ending a three-session rally as it was weighed down by a number of blue chips going ex-dividend. Pharmaceutical giant AstraZeneca led the fallers, shedding more than three per cent as it went ex-dividend. Business software provider Sage and oil giant BP fell 1.63 per cent and 1.44 per [...]
