Taking Aim to pass on your wealth August 3, 2011 WRONGLY written off as too risky by many, investing in a managed Alternative Investment Market (Aim) portfolio can be a powerful weapon in the arsenal of avoiding paying more inheritance tax (IHT) than you need. APATHETIC ADULTS Investec has exclusively released the details of a new study to City A.M. that reveals just one in [...]
PERSONAL FINANCE NEWS August 3, 2011 INVESTORS TAKE A MEGA BITE OF APPLE Clients of Barclays Stockbrokers have named Apple their favourite technology stock. 57 per cent favoured Apple over other technology stocks, 11 per cent Google, while 10 per cent said they would be interested in investing in Facebook and Twitter if and when they float. Cisco Systems, the US [...]
The optimal locations for HFT systems August 3, 2011 AS forex traders arbitraging across exchanges attempt to eke out every possible advantage, they are reaching the point where they are being held back by the laws of physics. For the HFT industry, the holy grail of zero latency eludes them. No matter how rapid trading software becomes at generating trades, the march towards zero [...]
Turning up the heat on fro yo August 3, 2011 YESTERDAY was a big day for fans of icy treats as Pinkberry, the cult US frozen yoghurt brand, opened a concession in Selfridges. Stars from David Beckham to Alexandra Burke have publicly rejoiced and Americans all over the city are in raptures. Scheduled to open here in 2008, Pinkberry delayed its UK opening after Lehman [...]
GOING OUT August 3, 2011 ASIDE from Bunga Bunga (see below), the main action is in the City. The Door Oyster Bar and Grill opened this Monday across from the Royal Exchange on Cornhill, and their beautiful bar may become the best place to unwind after work with a fine drink and a plate of bivalves. Design features include a reclaimed [...]
Bunga Bunga everyone: Italy comes to Battersea August 3, 2011 Q: Charlie: You first showed your interest in nightlife and parties aged 13 when you arranged a party at Crazy Larrys. Duncan, you weren’t far on his heels. What was it about that world that drew you so powerfully? A (Charlie): I realised it was something I could do at the same time as studying [...]
SocGen warns on 2012 profit as Greece exposure bites August 3, 2011 French bank Societe Generale showed the scars of its share of a Greek bailout in its second quarter results, helping to push its 2012 profit goal out of reach. France’s second-biggest bank said its aim of 6bn euros (£5.4bn) in net profit in 2012, reiterated as recently as May this year, would now be “difficult [...]
GKN beats profit foreacast August 3, 2011 Industrials group GKN beat first-half profit forecasts, driven by new products and strength in emerging markets in its automotive business, and tipped its aerspace division to improve in the coming years. GKN, which produces auto components as well as airframes for planemakers Airbus and Boeing reported a 14 per cent rise in pretax profit to [...]
Service sector growth at four month high August 3, 2011 Activity in the country’s dominant services sector grew at its fastest pace in four months in July on strong growth in new business, raising hopes that the economy may pick up despite recent dire news from manufacturers and retailers. However, the services firms also cut jobs, and banks and consumer-facing sectors suffered a drop in [...]
Thomas Cook chief quits after profit warnings August 3, 2011 Thomas Cook chief executive Manny Fontenla-Novoa hs resigned after the holiday company issued three profit warnings in a year. Sam Weihagen, his deputy, will be interim chief executive while a successor is found Thomas Cook said that Fontenla-Novoa had left the company “with immediate effect”. In a brief statement Fontenla-Novoa, who had run the group [...]
