Three things you didn’t know about… January 12, 2014 Chief exec of ACPI Investment Managers Brett Lankester 1 His strengths don’t just lie in asset management. This former Goldman Sachs-er won a local arm wrestling competition in his native South Africa back in 1992. “It’s all in the technique,” he told The Capitalist. 2 Not content with the traditional dogs and cats Lankester’s itinerary [...]
Here’s a novel new way to estimate US jobs figures January 10, 2014 We can't say this isn't an innovative way to estimate nonfarm payrolls. Waiting for the cat to come in from the garden for this month's US non-farm payroll predictions #NFP pic.twitter.com/icS9Ji60cV — Craig Drake (@csdrake) January 10, 2014 Consensus estimates say that the US will have added 196,000 jobs in December. We'll add Bob [...]
George on fire but Lola stole the show December 5, 2013 SO GEORGE’S Autumn Statement tie was green. A bolt from the blue (pun intended) for avid George Osborne tie followers, who were expecting blue or purple, and a treat for Ladbrokes which didn’t have to pay out a penny on its tie bet, as punters rushed to place their bets on other colours. The Capitalist [...]
Directors’ pay soars 14 per cent in the past year November 18, 2013 The Income Data Services (IDS) has calculated that pay for senior directors has risen by 14 per cent over the past year. The average pay for a director of a FTSE 100 company totalled £3.3m. The IDS confirmed that the basic pay rises has been "relatively restrained" and bonuses had fallen by 8.8 per cent. [...]
Oxford biotech firm looks to list November 10, 2013 Circassia, the Oxford biotech firm backed by hedge fund Lansdowne Partners and Goldman Sachs, is thought to be exploring plans to raise cash on the stock market. The company is close to finalising a cure for people allergic to cats. It is currently valued at £225m, based on a 20 per cent stake taken by [...]
Premier League: Pellegrini at a loss to explain City’s travel woe November 10, 2013 SUNDERLAND 1 vs MANCHESTER CITY 0 MANCHESTER City boss Manuel Pellegrini admitted yesterday that he is baffled by his team’s awful away record, after they fell to their fourth Premier League defeat on the road at the Stadium of Light. A first-half goal from Phil Bardsley gave the Black Cats a crucial victory in their [...]
The CBI boss on why political risk is now the biggest threat to business October 31, 2013 John Cridland tells Allister Heath and Elizabeth Fournier that investors are beginning to worry about the UK AFTER more than two decades spent inhabiting the CBI’s offices in Centre Point, the shockingly ugly high-rise just off Tottenham Court Road, John Cridland is on the move. When not kept busy preparing his submission to the chancellor [...]
What the other papers say this morning – 31 October 2013 October 30, 2013 FINANCIAL TIMES UK star rainmakers team up Three of London’s star dealmakers are joining forces in a City advisory boutique, reflecting the exodus of senior talent from bulge-bracket investment banks amid intense political and regulatory scrutiny. Simon Warshaw, former co-head of investment banking at UBS, will this week team up with Robertson Robey Associates, said [...]
Sellafield saves less than expected October 28, 2013 The partnership responsible for decommissioning the Sellafield nuclear power plant will make cost savings of just £652m over the course of its five-year contract, it was announced today – £173m less than previously forecast. Earlier this year the National Audit Office was asked by MPs to review how the Nuclear Decommissioning Authority measures cost savings [...]
Premier League: Late derby win ideal tonic for new boss Poyet October 27, 2013 SUNDERLAND 2 vs NEWCASTLE UNITED 1 JUBILANT Sunderland manager Gus Poyet has urged his team to use their late victory in yesterday’s north-east derby as a catalyst to save their season. On-loan forward Fabio Borini’s rasping 84th-minute drive earned the Black Cats a first win of the season and lifted them off the bottom of [...]