Who said money can’t buy love February 11, 2013 THERE are many ways to show your love to the object of your affection this Valentine’s Day. However, expressing it by “downloading a message for them on a Barclays personalised debit card” is perhaps not one of them. There are some things money can’t buy – but a thoughtful, romantic gift isn’t one of them. [...]
City Moves for 12 February 2013 | Who’s switching jobs February 11, 2013 UBS The bank’s global asset management division has appointed Gavin Lewis business development director. Lewis has over 11 years’ experience in the investment industry. He joins from Russell Investments, where he was responsible for relationship management. MN The fiduciary management firm has announced three new appointments. Christy Jesudasan joins as senior account manager after 14 [...]
FTSE pauses for breath beneath the 6,300 mark February 11, 2013 BRITAIN’S FTSE 100 was lifted yesterday by strength in energy stocks and food retailers, but the index was still struggling to break through the four-and-a-half year highs hit at the start of February. London’s blue chip index gained 13.13 points, or 0.2 per cent at 6,277.06, holding within the 70-point range of the last five [...]
Bank ringfences will solve little February 11, 2013 Chief Market Strategist, Cantor Index I AM enormously proud to have survived 50 years in the City of London. Over the last week, however, there has been little news involving banks to be remotely glad about. We heard some “mea-culpa” testimony to the Parliamentary Commission on Banking Standards from Lloyds Banking Group’s chief executive Antonio [...]
Mining and banking shares boost FTSE February 11, 2013 The leading share index was modestly up in early deals, as mining and banking shares boosted the FTSE 100. Russian steelmaker Evraz rose 1.77 per cent. Miner Eurasian Natural Resources was up almost 1.7 per cent in early deals. Last week the Kazakh-focused miner soared more than nine per cent as it reported a jump [...]
Barclays’ tax avoidance unit to close down February 10, 2013 BARCLAYS will tomorrow announce it is shutting down its controversial tax avoidance units as part of a major drive to clean up its operations and its image after a series of scandals. Antony Jenkins became chief executive after Bob Diamond stood down in the wake of the Libor scandal, and tomorrow unveils his plans to [...]
Jenkins must walk the fine line between change and stability February 10, 2013 BARCLAYS’ share price has been on the rise since Antony Jenkins was appointed as chief executive late last August, recovering from the impact of the Libor scandal and Bob Diamond’s resignation in July 2012, and is now almost 30 per cent up on its price at this time last year. Optimists will be hoping that [...]
Hospital owner in talks to avert £2bn debt crisis February 10, 2013 THE owner of some of the UK’s best-known private hospital sites is to hold crunch talks with lenders over a £2bn debt pile, opening the door for a creditor takeover of the sites. General Healthcare Group, which owns 69 hospital sites including 9 Harley Street and Fitzroy Square hospital in London, is racing against time [...]
Market braced for bad news in Inflation Report February 10, 2013 ECONOMISTS have warned that markets should be braced for bad news this week as the Bank of England releases its quarterly update on the UK’s financial outlook. “The upcoming Inflation Report is likely to project that inflation will still be clearly above the two per cent target two years ahead, and perhaps not even back [...]
Trainee solicitor gets romantic as love and economics collide February 10, 2013 IT is probably not a book to give on the 14 February, unless the object of your affection finds economics particularly sexy. But with Saint Valentine’s day fast approaching, the timing for the publication of Will Nicholson’s memoir could not be more appropriate. A Story of Love and Market Forces was written by the Freshfields [...]