Hodge top dog at the Financial Planner Awards November 7, 2012 MATTHEW Hodge at PwC must be a very fine planner indeed, or else he has some excellent friends at Money Management, which run the annual Financial Planner of the Year awards. Over at the Mandarin Oriental in Knightsbridge, which was the venue for the 2012 ceremony, Hodge swooped the award for financial planner of the [...]
The most eligible people in the City: Tatler’s Little Black Book for 2012 November 7, 2012 ANNABEL’S private members’ club in Mayfair was where the most eligible people in the land gathered yesterday evening, in order to celebrate the publication of Tatler’s Little Black Book. The Capitalist was pleased to spot some City names on the inaugural most wanted list, and indeed just as many business bachelorettes as bachelors gracing the [...]
Long boom in incomes from 1986 to 2007 November 7, 2012 INCOMES soared across the whole of British society over the past 25 years, according to a report published yesterday by the Office for National Statistics. Even the financial crisis only knocked wages by a fraction of the huge leap experienced between 1986 and 2007, the study showed. Average wages – even after accounting for inflation [...]
Quantitative easing decision on a knife edge, say analysts November 7, 2012 THE BANK’S decision whether or not to expand the quantitative easing programme could go either way, analysts said yesterday. Weak business surveys and gloomy industrial production data could push the bank to add £25bn or more to its gilt portfolio, analysts said, but better-than-expected GDP growth would push rate-setters in the opposite direction. City A.M.’s [...]
City A.M. | Our shadow MPC votes 6-3 against more QE November 7, 2012 ALLISTER HEATH | CITY A.M. “No new quantitative easing and no further cut to rates. The money supply has bounced back. But the main reason why QE needs to be halted – despite worrying signs that the economy has ground to a halt again – is that it has created a false markets in gilts [...]
Serco buys out Oz maritime firm November 7, 2012 Services firm Serco has agreed to buy the remaining 50 per cent stake in Australian defence and marine services firm DMS Maritime for A$106m (£68m) in cash. Serco said the deal with one of Australia’s largest maritime service operators would strengthen its position as a defence services provider in the country.
Sales rise at Spirax-Sarco November 7, 2012 Valve maker Spirax-Sarco yesterday said organic sales were up six per cent in the four months to October, boosted by double-digit sales growth in the Asia Pacific region and subsidiary Watson-Marlow. Operating profit was eight per cent ahead. The engineer also said it had bought a Chilean distributor for £3.3m.
RPS on track to meet targets November 7, 2012 Natural resources, land and property consultancy RPS Group is on track to meet its full-year expectations, it said yesterday. Results in the nine months to September were “well ahead” of the same period in 2011, the consultancy added, boosted by strong performance in its energy and energy infrastructure markets.
Haldane attack on inconsistent Basel risk rules November 7, 2012 THE BASEL rules on bank capital levels are “built on the shakiest of foundations,” the Bank of England’s Andy Haldane warned yesterday, arguing that banks have too little certainty in how to risk-weight their assets. The official also told MPs and peers that insurance rules are similarly poorly designed, bank bondholders should get votes like [...]
University gap between rich and poor narrows, report says November 7, 2012 THE GAP between the university attendance of the richest and the poorest narrowed between 2004-5 and 2009-10, a think tank said today, just as the tuition fee cap was raised. The gap in higher education participation between the best-off and worst-off state school students narrowed from 40 per cent in 2004-5 to 37 per cent [...]
