Man needs more than a new head to spark Roman revival December 10, 2012 WHEN he looks back over his five years as chief executive of Man Group, Peter Clarke will probably want to focus solely on his first 18 months in charge. Stepping up from finance chief in early 2007 to lead the hedge fund that he had joined in 1993, Clarke must have thought he had an [...]
IRN-BRU maker AG Barr’s sales fizzing ahead of Britvic merger December 10, 2012 IRN-BRU maker AG Barr’s revenues fizzed nine per cent higher than last year in the 18 weeks to the start of December. The Scottish drinks maker, which is set to merge with Britvic, also saw volume increase by 6.6 per cent for the same period year-on-year. Year-to-date revenues as of 1 December also increased 6.5 [...]
Gold surprise at hedge fund Christmas bash December 10, 2012 TIS the season for the annual office Christmas party. Never an event to miss, and especially so for the employees of one particular City hedge fund, who will be pleasantly surprised when they sit down to their Christmas lunch this year. The founder of online bullion delivery company Bullion By Post, Rob Halliday Stein, tells [...]
Bubbles and bankruptcy at the British Museum December 10, 2012 THE LATEST offering from the money team at the British Museum, Bubbles and Bankruptcy, is a exhibitional journey through financial crises in Britain since the first stock bubbles of 1700 to the fiscal woes of present. The exhibition aims to “explore the fertile history of satire and protest about financial crises, represented by historic prints, [...]
Families get support for Christmas December 10, 2012 Nearly half of Britons will receive financial support as a Christmas presents this year, according to a poll from Scottish Widows. Forty-four per cent of the population will get some kind of financial support from their family, the survey said, while one out 10 will need financial support just to get through the holiday period. [...]
Monti steps aside for Berlusconi to wreak euro havoc December 10, 2012 MARIO Monti’s announcement that he will step down as Italian Prime Minister, as soon as the budget law for 2013-15 is adopted, caught many off guard. But things had got to a point where Monti had little choice – he had effectively lost his majority in parliament after Silvio Berlusconi’s party withdrew its support. What [...]
FTSE looks set to drop as global trends accelerate December 10, 2012 IT’S pretty much the same routine every December. The Christmas decorations go up, office parties are in full swing and market analysts are asked to pontificate on where they think the FTSE will finish at the end of next year. The problem is that the FTSE 100 is such a broad-based index that it can [...]
Concrete Returns? December 10, 2012 CONCRETE returns are expected from Travis Perkins when it updates shareholders tomorrow. The builders merchant recently joined forces with Cartrefi Cymunedol Gwynedd to supply materials for 6,300 new homes. Shares are just off their five-year highs, and a positive update may encourage traders to dig in and lift prices to a level not seen since [...]
Brace yourself for Euro recession December 10, 2012 YOU may as well enjoy the Christmas party season because I don’t see much festive spirit lasting into January. We knew things weren’t going to look pretty in Europe next year, but last week it was confirmed. Twice – just to make sure we’re convinced. At his last European Central Bank (ECB) meeting of the [...]
Germany ready to compromise over Eurozone banking union December 9, 2012 GERMAN finance minister Wolfgang Schaeuble has signalled a readiness to compromise on the European Union’s planned banking union, German media reported yesterday. “We are working intensely to get the legal framework for a banking supervisor settled before Christmas,” Schaeuble told German newspaper Bild am Sonntag, in an interview published yesterday. Spiegel magazine reported that Schaeuble [...]