Why football cannot ignore Europe’s new rules December 16, 2012 FOR those who aspire to be the next Sir Alex Ferguson, the Premier League’s fantasy football game offers the chance to build your own squad on a budget of £100m. Each fantasy manager has equally sized pockets, so the playing field is level. Thus, competition is fierce. Compare Premier League reality, where the elite maintain [...]
Steep dive for house prices in December lull December 16, 2012 ASKING PRICES suffered their biggest December drop on record this year, data from Rightmove revealed this morning. Asking prices collapsed 3.3 per cent in just a month across the UK, with London seeing a four per cent dive. The tumble is the steepest December decline since Rightmove began its survey a decade ago, outstripping the [...]
Saga says inflation has slashed older people’s incomes most December 16, 2012 THE TOTAL increase in the prices of the basket of goods bought by over 65s has outstripped official inflation in the past five years, according to data out today. Over 50s have faced 2.5 percentage points more total inflation since September 2007, data from Saga and the Centre for Economics and Business Research claimed yesterday. [...]
Boost for employment as more firms get back to full strength December 16, 2012 MORE FIRMS than at any time in the past three years are back to pre-recession hiring practices, according to a survey out this morning. Sixty-one per cent of firms told a survey from the Confederation of British Industry and KPMG that they were hiring in a way that would have been normal before the onset [...]
City Moves | Who’s switching jobs December 16, 2012 Ashcourt Rowan Emily Morris has been appointed group head of marketing at the wealth management company. She has held a number of senior marketing roles in similar firms, and was marketing director at Rathbone Brothers for six years. Morris has additionally worked for Barclays Wealth. Peverel Group The property services group has appointed Nigel Howell [...]
Best of the Brokers December 16, 2012 ANGLO AMERICAN UBS has cut the miner from “buy” to “neutral”, and reduced its target price from 2150p to 1860p, with “heightened South Africa risk” one of the causes for a downgrade. WM MORRISON Supermarket Morrisons was downgraded by Deutsche Bank to “hold”, with a target price cut to 258p from 320p, causing the firm [...]
Inflation unlikely to give festive cheer in thin week for corporates December 16, 2012 INFLATION figures are unlikely to give UK households much festive cheer tomorrow, with forecasts of a slight rise in November. “Data are expected to show that consumer price inflation edged up further to 2.8 per cent in November after jumping to 2.7 per cent in October from a 34-month low of 2.2 per cent in [...]
No time off for traders as fiscal cliff is looming December 16, 2012 THE last two weeks of December are traditionally quiet for stocks, but traders accustomed to a bit of time off are staying close to their mobile devices, thanks to the “fiscal cliff”. Last-minute negotiations in Washington on the so-called fiscal cliff – nearly $600bn of tax increases and spending cuts set to take effect in [...]
East India Company: The original City firm judged too big for failure December 16, 2012 FOR an institution that’s been defunct for over 150 years, the East India Company still evokes powerful reactions. This year in India, a move to liberalise the retail sector to allow investment by foreign multinationals was greeted with protests: “this is the return of the East India Company”. Meanwhile in the UK, Sanjiv Mehta has [...]
The government achieved the best deal possible on Eurozone banking union December 16, 2012 POLITICIANS are the first to be blamed when things go wrong, so it is important that they also receive credit when they get something right. Last week’s developments on the European banking union are a case in point. Under the circumstances, the UK government secured the best deal possible at the summit in Brussels. The [...]
