WHAT THE OTHER PAPERS SAY THIS MORNING July 12, 2011 FINANCIAL TIMES MANAGERS STRUGGLE TO WOO THE WEALTHY Private banks across the world are still struggling to attract new clients, as the wealthy continue to shun professional investment managers in the wake of the financial crisis, according to a report published today. New money paid into private banks by clients fell nearly 19 per cent [...]
WHAT THE OTHER PAPERS SAY THIS MORNING July 7, 2011 FINANCIAL TIMES STANDARD LIFE COMES UNDER FIRE FOR RAISING FUND FEES Financial advisers have threatened to pull millions of pounds out of Standard Life Investments after the provider took the unusual step of raising fees on some of its funds, bucking the trend for fund managers to cut headline costs for investors. SLI said that [...]
WHAT THE OTHER PAPERS SAY THIS MORNING June 22, 2011 FINANCIAL TIMES BA CABIN CREW VOTE FOR PEACE DEAL British Airways cabin crew have voted overwhelmingly to accept a peace deal, ending 18 months of conflict in one of the most bitter recent industrial disputes. Unite said members voted 92 per cent in favour of what it described as an “honourable settlement’’, with eight per [...]
UK hopelessly optimistic on pensions May 25, 2011 IT is hard to know what is most depressing about Britain’s approach to retirement. The findings of HSBC’s survey on the subject, released this morning, paint an all too accurate picture of an “ostrich generation” convinced it will be able to retire early despite not saving anything. How else can one describe a situation where [...]
Inflation is the biggest worry for older Britons May 16, 2011 INFLATION is responsible for damaging the quality of life of middle-aged and elderly Britons, and particularly those on lower incomes, a survey revealed today. More than half of people over 50 are increasingly worried about the cost of living, listing it as their main concern. Fears over price pressures even dwarf concerns about health or [...]
Euro versus dollar: a scrappy fight May 10, 2011 OVER the last fortnight, the euro-dollar pairing has turned into a bit of an ugly dog contest, with both sides competing to see who carries the fewest fleas. However, the euro came out second best in this challenge last week, hit with attacks from all sides. The tipping point for the pairing came when the [...]
In deep water: learning to dive off the coast of Malta April 10, 2011 AS I floated through the open hatchway into the ship’s galley, the scene appeared frozen in time. Seaweed waved gracefully about the cupboards and a spotted fish darted in and out of the abandoned cooker. A stream of bubbles poured from my dive buddy’s regulator as he laughingly grabbed the ship’s wheel and gave a [...]
Japan counts cost of devastating tragedy March 13, 2011 ■ NIKKEI 225 FALLS 5.8 PER CENT IN EARLY TRADING ■ BOJ PUMPS £53BN INTO MONEY MARKETS JAPANESE markets were hammered this morning as traders scrabbled to offload exposure to the devastating Japanese earthquake. The Nikkei was down a staggering 5.8 per cent in early trading to 9,656.71, with stocks in firms including Nissan, Honda, [...]
Yet again, we are reminded of our extreme frailty March 13, 2011 HUMILITY is the only appropriate response in the face of the horrendous human tragedy, grief and destruction unleashed on Japan. We are fortunate to be living in Britain, a temperate country largely immune from the destruction regularly unleashed by natural forces on the rest of the world. With the death toll mounting towards ever-more horrific [...]
What the other papers say this morning February 28, 2011 FINANCIAL TIMES ITALIAN BANKS GO FOR GOLD IN MOVE TO TRANSFORM CORE CAPITAL RATIOS Italian banks think they may have struck gold as they seek to add lustre to balance sheets ahead of the summer stress tests. The lenders, which are shareholders in the central bank, are lobbying for their stakes to be marked to [...]