Tech giants conspicuous by their absences January 7, 2013 TAKE a look at the roster of companies vying for attention at this year’s Consumer Electronics Show – Samsung, Sony and Intel – and the names not on that list stand out as much as those on it. The most recognisable names in technology today – Apple, Google and Microsoft – will be nowhere to [...]
Bean counters swap the office for pantomime January 7, 2013 ONLY a couple of weeks to go now until PwC brushes away the post-festive cobwebs with the highlight of every drag-loving accountants calendar – the 27th annual Christmas cross-dressing pantomime. Over 200 staff and alumni are donning lycra and wigs for the production of Peter Pan, including a few cheeky cameos from board members Richard [...]
M&A lawyer bags holiday to Antigua in our reader survey January 7, 2013 A HUGE thank you to the record number of readers who filled in our survey, offering us lots of welcome feedback and suggestions for the paper. The close to 2,200 readers who participated were entered into a fantastic prize draw to win a holiday for two at Sandals Grande Antigua Resort & Spa. The Capitalist [...]
Eurozone credit conditions will tighten in 2013 January 7, 2013 EUROZONE lending will be squeezed into a 2013 decline by bad loans and red tape, Ernst & Young forecast this morning. Non-performing loans will rise from 6.8 per cent of the total in 2012 to reach 7.6 per cent in 2013, the accounting firm’s financial services team predicts, the highest fraction since the formation of [...]
More money printing off the menu for cautious rate-setters January 7, 2013 BANK of England policymakers will keep the printing presses out of action again in January, analysts predicted over the weekend. A more positive raft of data releases, combined with renewed concerns about the effectiveness of the quantitative easing (QE) programme, will stay a new bout of monetary expansion, according to market observers. “We expect the [...]
Manufacturers slash growth forecast in half January 7, 2013 THE UK manufacturing sector will grow less than half as fast as previously hoped during 2013, according to figures released this morning. Manufacturers will produce just 0.7 per cent more next year than in 2012, industry organisation EEF predicted today, down from earlier forecasts of 1.5 per cent growth. However, on a more positive note [...]
IT firms look to government as hopes in financial sector slide January 7, 2013 INFORMATION technology contractors are investing more and more hope in the prospect of a boost to public sector contracts, just as jobs from the financial sector are expected to dry out. The fraction believing the biggest wedge of new jobs will come from the state in the next 12 months hit 15 per cent at [...]
City Moves for 7 January 2013 | Who’s switching jobs January 7, 2013 SJ Berwin The law firm has announced the appointment of Steven Fogel to its partnership board and as a non-executive director. He was previously senior partner of Titmuss Sainer, and led the law firm in its merger with Dechert. Fogel then served as managing partner of Dechert’s London office before retiring in June 2012. He [...]
Best of the Brokers January 7, 2013 DIRECT LINE Numis cheers the insurer as one of its key picks for 2013, and has a “buy” rating and an increased target price of 265p. The broker sees Direct Line’s price to earnings ratio as modest at 9.4 times, in spite of a 22 per cent share price rise since October’s float. Numis also [...]
Worries over fiscal cliff give way to concerns about latest US earnings January 7, 2013 INVESTORS’ fiscal cliff worries are likely to give way to more fundamental concerns, like earnings, as fourth-quarter reports get under way this week. Financial results, starting tomorrow with aluminum company Alcoa, are expected to be only slightly better than the third-quarter’s lacklustre results. As a warning sign, analyst current estimates are down sharply from what [...]
