PwC warns that 20,000 may be hit with pension tax bill September 26, 2012 THOUSANDS of savers with big pension pots could be clobbered with massive tax bills unless they opt-out quickly after auto-enrolment, PwC said today. Pensioners could lose fixed or enhanced protection on their savings, opening them up to thousands of pounds worth of tax liability, the accounting giant claimed, unless they make sure to opt out [...]
Public: UK is too built-up September 26, 2012 UK CITIZENS erroneously believe that the country is being concreted over, survey evidence from SmartNewHomes revealed yesterday. Fifty-three per cent of respondents in a poll said they believed the UK was being concreted over, while some three quarters overestimated the proportion of English land that’s been developed. “Sixty per cent of new home developments are [...]
City Moves | Who’s switching Jobs September 26, 2012 SJ Berwin George Pinkham has been appointed as the new head of the law firm’s Hong Kong office. He founded SJ Berwin’s Paris office in 2001, and is a member of the firm’s strategy committee. Pinkham will remain co-head of SJ Berwin’s international funds department and will be joined in Hong Kong by London-based senior [...]
Best of the Brokers September 26, 2012 DRAX Credit Suisse has upgraded the power station operator from “underperform” to “neutral” and upped the company’s share price target to 475p, saying its recent price drop has improved the value of the UK’s worst-performing utility stock. “We think we are getting close to tight reserve margins, hence higher power prices in the UK, and [...]
Wall St tumbles as debt crisis in Europe weighs September 26, 2012 THE S&P 500 fell for a fifth straight trading day yesterday as protests in Spain and Greece over Eurozone austerity measures raised fresh concerns over Europe’s ability to get its debt crisis under control. Investors sold risk-sensitive sectors such as energy and tech, while they poured money into more defensive areas like utilities and consumer [...]
Growth concerns drive FTSE 100 to lowest close since early September September 26, 2012 Britain’s top stock index hit a three-week low yesterday, with banks and miners hardest-hit on concern that the Eurozone’s problems, highlighted by protests in Spain and Greece, posed a threat to global growth. Growing talk of secession in Spain’s Catalonia region, a sharp fall in the country’s GDP, clashes at an anti-austerity protest in Greece [...]
Wenger: Walcott must wait September 26, 2012 ARSENAL 6 vs COVENTRY 1 ARSENAL manager Arsene Wenger last night lauded the “amazing” performance of winger Theo Walcott but regardless refused to reveal if he would get his desired run up front. The home side had already secured victory over Coventry when the England international scored the first of his two goals with 16 [...]
Europe can take advantage of the USA’s home crowd September 26, 2012 THE Ryder Cup begins in Chicago tomorrow and I have to say that though I still fancy Europe to win – and I have done for some time – this is the time when all of the advantages given to the home team, this year the USA, means that there’s everything to play for. These are the [...]
Love has tried to change the course to suit America, but it won’t help September 26, 2012 I’VE seen the Ryder Cup course at Medinah Country Club, near Chicago, and it’s clear that USA’s captain Davis Love has tried to set it up to suit them, and I believe he’s made a big error in doing that. He’s cut away all of the rough on the course and that, to me, doesn’t [...]
Toure tells City they need to tighten up September 26, 2012 MANCHESTER City defender Kolo Toure has admitted his side’s defensive vulnerabilities will threaten their hopes of success if they cannot be eradicated. Toure on Tuesday night played for City when they twice led at home to Aston Villa in the Capital One Cup before conceding a total of four goals when succumbing to a 4-2 [...]
