Fukushima blow will not prevent nuclear future March 21, 2011 IN THE immediate aftermath of the Fukushima Daiichi nuclear power plant crisis, apocalyptic fears proliferated across the globe. Despite the panic that always accompanies nuclear incidents, the world’s growing energy needs will not disappear: nuclear is a solution that will not go away. The nuclear industry has been seriously set-back by this disaster. Uranium dropped [...]
Black cab maker Manganese Bronze narrows losses March 18, 2011 Manganese Bronze, maker of London’s traditional black cabs, reported a narrower loss for 2010, and said it was well placed to post a profit this year. The company, which is 20 per cent owned by China’s largest private automaker Geely Automobile said it made a pretax loss of £6.3m, compared to £7.3m in 2009. The [...]
Ad recovery is boost for Aegis March 17, 2011 Marketing group Aegis beat forecasts yesterday despite suffering a £25m exceptional charge on the threat of bad debts from a Spanish former client. The debt provision pushed its pre-tax profits down 25 per cent from £91.2m to £68m but chief executive Jerry Buhlmann told City A.M. his firm had taken a “very prudent” view on [...]
Changing times: moving on from Mayfair March 17, 2011 PRICES of the Monopoly board favourite Mayfair, as well as other prime favourites, have rocketed to near 2007 levels (see graph below), leading to the emergence of alternative investment hotspots. Marylebone is being hailed as the new Mayfair, with residential favourites Pimlico, Hampstead and Fulham hot on its heels. Mayfair prices have been drastically pushed [...]
How business education is adapting to globalisation March 16, 2011 SINCE their very beginnings, business schools have focused on international trade. When the Aula do Comercio was set up in Lisbon in 1759, one of the four subjects taught was the “study of weights and measures from different countries [and] methods for the exchange of currencies.” The Imperial Export Academy in Vienna was created in [...]
WHAT THE OTHER PAPERS SAY THIS MORNING March 14, 2011 FINANCIAL TIMES UK ART MARKET LOSES OUT TO CHINESE Britain has lost its position as the world’s second largest art market to China, in a sign of intensifying competition and a shift in the geographical distribution of wealth towards Asia, according to a new study. The UK’s share of the global art market fell by [...]
Asian share offerings hit pre-recession highs March 14, 2011 THE TOTAL level of cash raised through initial public offerings (IPOs) in Asia so far this year has hit its highest level since before the recession. Companies from the region have generated a total of $20.8bn (£12.9bn) from stock market offerings since January, according to data provider Dealogic. The figure comes after a boom year [...]
Markets tank on Libya and sovereign worries March 10, 2011 INVESTORS deserted stock markets yesterday as a triple whammy of sovereign debt fears, poor US and Chinese economic data and fears over escalating levels of violence in the Middle East and Libya hit confidence. Traders described the day as “a catalyst of negative sentiment” that caused a market rout and left the FTSE at a [...]
China trade deficit hits 7-year high March 10, 2011 China swung to a surprise trade deficit in February of $7.3bn (£4.5bn), its largest in seven years, as the Lunar New Year holiday dealt an unexpectedly sharp blow to exports. It was China’s first trade deficit since March last year and its biggest since February 2004. Economists, who had forecast a small surplus of $4.95bn, [...]
Pouring into the red liquid market offers tasty returns March 9, 2011 A COMPOUND annual growth rate of 15 per cent since 1999: sounds good, doesn’t it? It sounds even better when you find out that’s higher than US and UK equity markets and comparable only to property without, er, being property and suffering its recent fate. Surely it can’t get better than that? Well, actually, it [...]