Showing off some silky skills October 26, 2009 THERE are two schools of thought when it comes to what to wear in the breast pocket of a suit. You can keep it cool and crisp with a clean white pocket square, or you can embrace your inner dandy and go for something silky, patterned and flowing foppishly against your lapel. For the normal [...]
Cornering the watch market October 26, 2009 MONACO V4, BY TAG HEUER£65,000www.tagheuer.com CAPE COD GRANDES HEURES, BY HERMES£5,965www.hermes.com DA VINCI, BY IWC£4,500www.iwc.com FACET WATCH, BY DUNHILLPrice to be confirmedwww.dunhill.com VINTAGE 1965 LIMITED EDITION, BY ZENITH£8,900www.zenith-watches.com
There’s no reason to be afraid of leverage October 26, 2009 LEVERAGE is often seen as a trader’s best friend but just last week, the Japanese Financial Services Agency announced a public consultation on proposals to limit leverage on contracts for difference (CFDs). The regulator has suggested that leverage would be limited to five times for shares, 10 times for equity indices and 50 times for [...]
BE WARY OF PROVISIONAL GDP FIGURES October 26, 2009 MARTIN SLANEYHEAD OF DERIVATIVES, GFT FRIDAY’S shock drop in UK gross domestic product data – and the ensuing market reactions – have left many traders confounded. How can it be that we have a dramatically worse-than-predicted number and yet the FTSE 100 index appears virtually impervious? The third quarter GDP data showed that output fell [...]
CITY MOVES WHO’S SWITCHING JOBS October 26, 2009 KPMGThe accountancy firm’s forensic practice has recruited Nigel Layton, the founder of specialist corporate investigations firm Quest, as a director in the corporate intelligence team. Layton set up Quest in 1995 and has since built up its reputation via cases including an inquiry for the Premier League into allegations of irregular payments surrounding certain football [...]
First look at Nomura’s new office October 26, 2009 THE first photographs from inside Nomura’s new Thames side office, Watermark Place, were released yesterday, just under a year after City A.M. exclusively revealed the Japanese bank was returning to the City. Nomura, which decided to ditch Canary Wharf in July, will move its 3,600 employees – as well as 2,000 former Lehman Brothers workers. [...]
Hedgies set for recovery October 26, 2009 THE HEDGE fund industry is close to recouping the losses it suffered during the financial crisis, according to data from Hedge Fund Research (HFR). HFR’s indexes show that the average fund needs to gain just two per cent to reach the high water mark – or its value on 30 June 2007, the height of [...]
Economic downturns can lead to more innovation October 26, 2009 IT’S A well-known fact that an economic downturn corresponds with an innovation upturn. Change means winners and losers. Are you going to sit at the dinner or be the duck which is served? It comes largely down to your attitude, to whether you are going to embrace the change or resist it. Henry Ford said [...]
Investors feel more confident about equities October 26, 2009 INVESTOR confidence in the stock market has reached a three-and-a-half -year high, according to a survey by the Association of Investment Companies (AIC). It found confidence among active investors is at its highest level since February 2006. Nearly two thirds of investors expect equities to outperform property, and 52 per cent plan to increase their [...]
BSI to launch ‘kitemarks’ for UK financial services October 26, 2009 NATIONAL standards body BSI has developed a voluntary standard of ‘kitemarks’ for compliance teams working within retail and wholesale financial services firms. The body consulted with members of the industry to set out a common methodology and good practice standard, which can be used to complement existing regulation. It aims to help reduce the risk [...]
