Swift hit with £8m penalty for layering August 31, 2011 THE FINANCIAL Services Authority has slapped Swift Trade with an £8m fine for market manipulation, a decision the now-dissolved Canadian firm is appealing. Under new powers intended to crack down on market abuse, the FSA revealed in May that it planned to fine Swift before any appeals were complete. This is only the second time [...]
CITY MOVES | WHO’S SWITCHING JOBS August 31, 2011 Argonaut Capital Partners The European equity boutique with £1.1bn of assets under management has appointed Edward James, formerly head of operations at Octopus Investments, as chief operating officer. Prior to Octopus, James worked at Euroclear, where he led the firm’s expansion into the UK fund processing model and managed the purchase of EMXCo, and at [...]
BEST OF THE BROKERS August 31, 2011 MONDI Citi maintains its “buy” rating on the South African London-listed paper producer, but lowers its target price from 770p to 740p to reflect its revised earnings forecasts. The broker reduces its pre-tax earnings expectations by four to 18 per cent for 2011-12, due to the demerger of MPact, share consolidation and lower global growth [...]
FTSE 100 ends August on a high despite economic fears August 31, 2011 BRITAIN’S top share index climbed 2.4 per cent yesterday as poor economic data in Britain and abroad fuelled expectations of further economic stimulus but it still recorded the worst monthly performance since February 2009. The benchmark FTSE 100 index closed up 125.87 points or 2.4 per cent at 5,394.53, on the final trading day in [...]
Wall St edges into positive territory August 31, 2011 US stocks closed out the worst month in more than a year on an up note yesterday, with sharp gains in the last several days still not enough to repair the damage from a US credit downgrade and fears of a slide back into recession. Sentiment turned dramatically in recent days on expectations the Federal [...]
New approaches: network your way to the top in a private members’ club August 31, 2011 THE IVY, SOHO TYPICAL MEMBER: Members are usually already well connected. Duncan Bannatyne, Andrew Lloyd Webber and the BBC’s Mark Thompson have been spotted there recently. STYLE: The management are hell bent on privacy. No cameras or phones. Membership is through recommendation only. EASE OF NETWORKING: Great speaker events give you access to big-name celebrities. EIGHT [...]
Stay in touch on the move August 31, 2011 HAVING a Bluetooth headset permanently stuck in your ear is pretty much at the epicentre of uncool. However, if you’re someone who travels a lot, at some point you have to accept that it’s a necessity. Plug-in headphones with a microphone attachment really don’t cut the mustard if you’ve important calls to make, while Bluetooth [...]
Gadgets, technology and luxury on the waves August 31, 2011 PUTTING THE SUPER IN SUPERYACHT Watch out Roman, there’s about to be a new superyacht in town – literally. The Big Fish, a remarkable boat that’s designed equally for adventure on the high seas as it is for sitting in the marinas of Monaco and Mustique, will be appearing on the Thames tomorrow, mooring at [...]
THE NEW SONY RANGE AT A GLANCE August 31, 2011 1. 6” EREADER WITH ENHANCED TOUCHSCREEN E-readers from Sony have always looked the part; the problem is nobody buys them. This version is the lightest reader in the world, again using E-ink paper. It will offer connectivity to public libraries in the US but the decider will be price. 2. SONY TABLET P MULTITOUCH FLIP-SCREEN [...]
Das Kapital: only this time, it’s erotic, says LSE fellow August 31, 2011 HONEY MONEY: THE POWER OF EROTIC CAPITAL BY CATHERINE HAKIM ALLEN LANE, £20 THE best way to create a stir is to publish a book that claims that sex sells, and should do so more. Better yet, embed the claim in an argument for women to think and do more – not less – about [...]
