China’s exports hit record high August 10, 2011 CHINESE exports set record highs for July, official data revealed yesterday. Exports rose 20.4 per cent in July from a year ago, surpassing economists’ median forecasts of a 17.4 per cent rise. The figures may offset concerns that debt problems abroad will hamper the world’s second largest economy, with exports to the US and Europe [...]
CITY MOVES | WHO’S SWITCHING JOBS August 10, 2011 Whitbread The leisure group has appointed Susan Hooper and Susan Taylor Martin (pictured) as non-executive directors. Hooper, who will join the Whitbread board on 1 September, is chief executive of Acromas Travel, where she manages the Saga, AA and Titan Hi Tours businesses. Taylor Martin, whose appointment is effective from 1 January 2012, is president, [...]
BEST OF THE BROKERS August 10, 2011 WEIR GROUP Goldman Sachs has reiterated its “buy” rating for the engineering company, with a 12-month target price of 3,250p. Adding the group to its conviction buy list, the move was sparked by positive announcements on mining capex from the large miners and positive read-across from the mining capex exposed engineers. Goldman views the current [...]
FTSE turns downwards on unease over France’s banks August 10, 2011 SHARPLY weaker banks dragged Britain’s top shares lower yesterday as fears about Europe’s debt came into sharp focus on rumours France may be in danger of losing its triple-A credit rating, and on concerns over the outlook for French banks. The UK benchmark index ended down 157.76 points, or 3.1 per cent, at 5,007.16, its [...]
Stocks dive again as worries return August 10, 2011 Fear returned to Wall Street yesterday, sending the S&P 500 to another four per cent decline, triggered by worries that Europe’s debt crisis could engulf French banks and spill onto the US financial sector. Trading was once again marked by sharp moves on heavy volume. For a fifth straight day, the Dow industrials fluctuated in [...]
Millions in Britain don’t have a pension August 10, 2011 RESEARCH undertaken by Baring Asset Management (Barings) released exclusively to City A.M. estimates that 13.6m, or 38 per cent of British adults, don’t have a pension. This is worrying, as pensions remain the best option for those looking to hang up their working boots before popping their clogs – and the sooner you start the [...]
The rising renminbi August 10, 2011 IN 2003, the People’s Bank of China and the Hong Kong Monetary Authority came to an agreement to allow Hong Kong banks to conduct business in renminbi. Since then, the offshore renminbi market has expanded rapidly but has created a complex currency situation: one country with two systems, three currencies and four yield curves (see [...]
The secret to a successful interview? Let your body language do the talking August 10, 2011 INTERVIEWS are nerve-wracking. Just the thought of going into a room to be assessed by an employer is enough to get some people sweating. And it doesn’t tend to lower anxiety levels to learn that University of Pennsylvania research shows that just 7 per cent of the impression you give is created by what you [...]
Netiquette: how to get it right at work August 10, 2011 AS NEW Zealand accountant Vicki Walker found out, emails can be treacherous when used improperly. Fired for using all caps in her messages, she is a perfect example of why old-fashioned etiquette has a place in the digital age. There are rules to apply to emails, just as you would to a handwritten letter. 1 [...]
Hi-jinx and social climbing August 10, 2011 MARRYING UP BY WENDY HOLDEN Headline, £19.99 HAVING spent the 90s working for the Sunday Telegraph, the Sunday Times Style Mag – where she ghost-wrote a column by Tara Palmer Tompkinson – and Tatler, Wendy Holden knows a thing or three about social snobbery, the chattering classes and that type of person deserving of a [...]
