Massow’s back and helping you to save September 11, 2011 FAMED for founding the first company to provide mortgages and life insurance for people in HIV high-risk groups, Ivan Massow’s name used to be all over the papers in the 1990s. He sat on the sofa with Richard and Judy, on a panel on BBC’s Question Time, he was even flatmates with the now education [...]
WHAT THE OTHER PAPERS SAY THIS MORNING September 6, 2011 FINANCIAL TIMES PIMCO WINS MORE FREEDOM Pimco, the US asset manager, is being given more autonomy as part of a restructuring by its owner Allianz, the German insurer. Pimco has been one of Allianz’s most successful investments since it was acquired in 2000 and has been given a largely free rein to set its own [...]
A rally in commodities gives a rare fillip to the FTSE 100 September 6, 2011 A RALLY by hard-pressed commodity issues hauled Britain’s top share index higher yesterday as investors fished choppy waters for bargains after sharp falls in the past two sessions. At the close, the FTSE 100 index was up 54.26 points, or 1.1 per cent, at 5,156.84, having hit a peak of 5,190.2 in the morning and [...]
Not the end of the line for capitalism September 6, 2011 SAU, £20 Alex Singleton YOU might be forgiven for thinking that another book on the financial crisis was unnecessary. After all, Gordon Brown has already written a comprehensive tome. You know, the one in which he forgets about all the mistakes he made with regulation, congratulates himself for saving the world, and bangs on about [...]
WHAT THE OTHER PAPERS SAY THIS MORNING September 5, 2011 FINANCIAL TIMES LIBYA’S NEW OIL CHIEF WARNS THAT OUTPUT WILL NOT RECOVER UNTIL LATE NEXT YEAR Libyan oil production will not return to pre-war levels until late next eyar at the earliest, with many of the county’s oil facilities having suffered heavy damage and looting during the conflict, according to the newly appointed charman of [...]
Bank funding takes the centre-stage September 5, 2011 How vulnerable are Europe’s banks? Yesterday, Deutsche Bank chief Josef Ackermann issued the dire (if obvious) prediction that the weak will not survive the gathering storm. And IMF chief Christine Lagarde has needled her old Eurozone colleagues by repeatedly questioning the solvency of the region’s lenders and demanding that they raise more capital – over [...]
Manchester United might score in Singapore September 5, 2011 MANCHESTER United’s attempt to float in the far east is being monitored carefully in the City. After all, there are not many IPOs going on in the moribund London market right now. A number of football club boards will be looking on to see if United, led on the financial advisory side by Credit Suisse, [...]
RECLUSIVE TYCOONS VIEW €35M SHOW BOAT September 5, 2011 WHAT TO do when there are simply no luxury yachts on the market you want to buy? Easy – start your own yacht business and build your own, as Richard Beattie did when he discovered an alarming lack of “contemporary 21st-century superyachts” for sale. “I fully expected to just go and buy one I liked, [...]
THE TIPSTER September 5, 2011 THE threat of Federal Housing Finance Agency (FHFA) lawsuits from the US is certainly hammering banks and with Barclays being very much on the Agency’s hit list, the stock has been tumbling in London over recent days. However, heavyweight investors have shown conviction in the bank in the past, so is there any reason to [...]
Banks slump as service sector data disappoints September 5, 2011 Stocks have retreated this morning after a poor overnight session in Asia and over intensifying concerns that economies worldwide face recession. London’s FTSE 100 has been hit by a barrage of fears over global growth since US employment data on Friday showed job creation slumped to zero in August. Service sector data from China has [...]