Rolling out the printing press again August 7, 2011 DESPITE the promised abolition of boom and bust thanks to central bank intervention, the US economy seems to be in a phase that looks very much like a bust. As such, there is a growing likelihood that Fed chairman Ben Bernanke will be firing up the printing presses to fund a third round of quantitative [...]
THE WEEK AHEAD in association with GFT August 7, 2011 COMPANY NEWS ● Telecity announces today. It specialises in the design, build and management of highly connected, resilient and secure environments. Also announcing today is Vedanta, the FTSE 100 metals and mining company, whose business is principally located in India. ● Tomorrow, Intercontinental Hotels announces. Investors hope the results don’t cause sleepless nights. ● International [...]
THE TIPSTER August 7, 2011 The spectre of the global economy being plunged into recession saw oil prices sliding last week. The better than expected non-farm payroll reading may have served up some support in the short-term, but with question marks remaining over the impact of the US rating downgrade and the risk of the Eurozone debt crisis, those who [...]
OFFSHORE FUNDS: HALF THE NATION’S WEALTH COMES OUT FOR COWES August 7, 2011 THE RUM Jungle was once chartered by Hugh Hefner and an assortment of his Playboy bunnies, when the ageing porn baron came to London for his eightieth birthday celebrations. But on Saturday, it was the turn of Aberdeen Asset Management’s seafaring chief executive Martin Gilbert to hop aboard the 75-foot gin palace, as part of [...]
BILL OF THE WEEK August 7, 2011 ONE OF the most regular visitors to Boisdale in Belgravia is a Russian gentleman who lives around the corner on Queen Elizabeth Street. So when the local dropped in to the restaurant with three Russian friends, he felt sufficiently at home to order one of the most expensive items on the menu: a plate of [...]
Focus on: small businesses under the microscope August 7, 2011 WHEN T-Mobile called and asked if we wanted to sit in on one of their small business focus groups, we couldn’t say no. This year has been huge for entrepreneurs. The Prime Minister David Cameron passed them the gauntlet, asking them to revive our economy. So important he felt this responsibility, he dedicated his keynote [...]
ENTREPRENEURS NEWS | IN BRIEF August 7, 2011 BUSINESS CONFIDENCE FALLS BACK IN JULY Business confidence fell back in July after rebounding in June to a 13-month high, according to the Lloyds Bank Corporate Markets Business Barometer. Less than half (46 per cent) of companies were more optimistic regarding economic prospects, a reduction from 51 per cent in June, while those that were [...]
Living the life of a laird in a private Scottish stronghold August 7, 2011 ACKERGILL Tower is the sort of place that ought to have a permanent backdrop of lighting forks and thunderclaps. An asymmetrical block of granite turrets and chimneys, it’s a brooding, lonely obelisk that pierces the flat coastal landscape at Scotland’s most northerly tip. John O’Groats is just up the road, the next headland over is [...]
TRAVEL ROUND-UP August 7, 2011 CAMPING no longer means leaky tents and rickety gas stoves – options for glamping (“glamorous camping”) are booming. City A.M. asked Tom Dixon, MD of glamping specialist Sawday’s Canopy & Stars, for his recommendations for August escapes. Visit www.canopyandstars.co.uk for bookings and more information. THE POP UP HOTEL, CORNWALL This is a really cool concept [...]
TRAVEL NOTES August 7, 2011 Cuba’s inside track Travel company Esencia Experiences specialises in bespoke Cuban travel experiences led by its on-the-ground concierge team, and right now it’s offering travellers the company of a cigar sommelier to guide you through the country’s most famous product. Along with that, there are private catamaran rides to the flamingo-populated north coast, salsa dancing [...]
