Inside Track: Jenkins should settle Barclays’ £50m fine so he can move on February 12, 2014 RAISE £6bn from investors and hand more than half of it back to employees and investors six months later: as a formula for managing a corporate balance sheet, there’s a certain novelty in Barclays’ approach. But for someone who has choreographed efforts to rehabilitate a company’s image as carefully as Antony Jenkins, this has been [...]
Lending to first-time buyers rocketed 37pc at end of 2013 February 12, 2014 Better economic conditions and Help to Buy prompted more and more Brits to take steps to become home owners at the end of 2013, according to new data from the Council of Mortgage Lenders (CML). Lending to first-time buyers jumped 37 per cent in December from a year earlier. Paul Smee, CML director general, said [...]
Singapore Air Show in full flight as Airbus unveils A350 February 11, 2014 A bevy of travel tycoons, military buyers and the world’s largest long-haul carriers have come together today Singapore’s renowned air show. New models, latent deals and loop-the-loops are dominating the day, as excitement over the new Airbus A350 grows. The Boeing 787 competitor has gone on display for the first time, with Asia seen as [...]
Wages left far behind as house prices rocket February 10, 2014 THE AVERAGE salary in England would have grown by £29,000 in the past decade and a half if wages kept up with house price inflation, according to shocking new figures. Research by housing charity Shelter shows that average earnings would have been over £55,000, rather than just below £26,000, if pay had risen at the [...]
What the other papers say this morning – 06 February 2014 February 5, 2014 FINANCIAL TIMES Super rich in London boost economy London’s super-rich are “major contributors to the UK economy”, spending £4bn a year on goods and services, according to new research that underlines the financial impact of the capital’s wealthiest homeowners.Foreign investment in London property has become a political issue, with overseas buyers blamed for pricing locals [...]
Lloyds: 40pc of our top managers will be women in 2020 February 3, 2014 LLOYDS will hire 600 more female managers over the next six years, the bank’s chief will promise in a speech tomorrow. Antonio Horta Osorio will commit to ensuring 40 per cent of senior staff are female by 2020. Currently 28 per cent of the bank’s 5,000 senior staff are female, equating to 1,400 employees. The [...]
From forlorn flats to towering success January 30, 2014 One Commercial Street is the residential project proving London’s back in business OF ALL the new towers cropping up around the UK, an ambitious development, abandoned during the financial crash, is proving that London can bounce back from a crisis. Developer Redrow London now has high hopes for its flagship project, One Commercial Street, in [...]
Cost of a London home climbs to over £400,000 January 29, 2014 THE AVERAGE price of a London home broke through the £400,000 mark at the end of last year according to official figures published yesterday, while prices across the country continued to grow this month. Two separate surveys – released by the Land Registry and Nationwide – told a familiar story for the residential property market, with [...]
Food and drink M&A drops as firms hold tight January 27, 2014 The number of deals in the food and drink sector fell for the first time last year since 2009, new research shows, suggesting companies are holding off on acquisitions to focus on strengthening their businesses. Despite the broader economy showing signs of recovery, deal volumes dropped by 21 per cent compared with the previous year, [...]
Online dating tips from the world of economics January 25, 2014 HAVE you ever turned to the neoclassical synthesis or the efficient markets hypothesis to help you to find love? We’d wager not, but having spent some time on Match.com, Stanford professor Paul Oyer has written a book: Everything I Ever Needed To Know About Economics I Learned From Online Dating. Whether you believe Keynesianism can [...]