Hedge fund upbeat over economy
The economy is positioned for apowerful recovery in the coming years and by 2050 will overtake Germany to become Europe’s biggest, according to a leading UK hedge fund. The Eurozone crisis could be a significant boon for the country, says the London based Toscafun.
Newedge to leave Greek stock market
Newedge, a leading broker, is abandoning the Greek stock market in a sign of mounting concern over the country’s future in the Rurozone. The broker has told clients that it will process only sell orders, and stop extending margin loans for existing positions in Greek securities, according to a memo obtained by the Financial Times.
Salaries up 37 per cent at investment banks
Investment banks globally have increased salaries by 37 per cent in four years to retain staff and bypass regulation, burdening the sector with higher fixed costs at a time when profits are under constant pressure.
Dawn raid warnings are hollow threats, claim City lawyers
The Serious Fraud Office did not carry out any raids on property in the 12 months after the arrests of the property tycoons Vincent and Robert Tchenguiz in March last year.
You’re too expensive for our factories, says Bosch
Bosch has rejected overtures from Westminster to bring large-scale manufacturing into Britain.
The Daily Telegraph
Thomas Cook cuts new chief’s notice period to six months
Thomas Cook has cut the notice period of its chief executive from 12 to six months as its board tries to stamp out “pay for failure” accusations at the company.
Shops pin hopes on Jubilee lines for sales boost
The beleaguered retail sector is pinning its hopes on next weekend’s Jubilee celebrations to provide an £800m sales boost.
THE WALL STREET JOURNAL
Disappointing May for US IPOs
The US IPO market looks to end May with just 10 deals, a choppy overall performance and a very disapointing debut from Facebook. It should be the second-lowest month so far this year.
Denmark to set rules on some Israeli products
Denmark will introduce new labelling guidelines in the next two weeks for Israeli products from Jewish settlements in the Palestinian West Bank.