Chancellor Rachel Reeves delivered Labour’s first Budget in 14 years, announcing £40bn of tax rises, Central London Alliance comments
Four years into a succession of crises and still no reform: Time for some Long Finance November 3, 2011 FOUR years into a series of financial crises, from Bear Stearns and liquidity shocks in 2007, to Lehman and RBS failures, Irish and Icelandic collapses, and now Eurozone currency-quakes, there have been no financial reforms to match the magnitude of the problems. An Olympiad later, the world feels more brittle and people jump at any [...]
StanChart set to post record profits again November 2, 2011 STANDARD Chartered has forecast income growth of at least 10 per cent this year, it said yesterday, helped by a strong showing in Asian markets, putting it on track for a ninth straight year of record earnings. The bank did however see growth slow in the third quarter, led by a further slowdown in India [...]
Sands gets costs under control November 2, 2011 HOW many bank bosses wish they could include the following sentence in a statement to the stock exchange? “The group is in excellent shape and well positioned in growth markets.” Yet that was the message from Standard Chartered boss Peter Sands yesterday, when he updated markets on the bank’s third quarter. Income growth slowed a [...]
CITY MOVES | WHO’S SWITCHING JOBS November 2, 2011 Brookfield Asset Management The property, renewable power and infrastructure asset manager has appointed Julian Schiller as senior vice president in the global private funds group in London. He will look after European and Middle Eastern investors and assist in broader business development for the real estate group, working alongside Barry Blattman and Martin Jepson. Schiiler [...]
Standard Chartered on track for ninth year of record earnings November 2, 2011 Standard Chartered said its nine-month underlying profit grew at a double-digit rate, helped by a strong showing in markets including Hong Kong, putting the Asia-focused bank on track for a ninth straight year of record earnings. The UK bank’s business update comes on the same day lenders Westpac Banking Corp of Australia and DBS of [...]
Standard Chartered on track for ninth year of record earnings November 2, 2011 Standard Chartered said its nine-month underlying profit grew at a double-digit rate, helped by a strong showing in markets including Hong Kong, putting the Asia-focused bank on track for a ninth straight year of record earnings. The UK bank’s business update comes on the same day lenders Westpac Banking Corp of Australia and DBS of [...]
THE TIPSTER October 31, 2011 SHARES in Man Group are languishing at lows not seen since March of 2009, down over 50 per cent year to date. Weekend reports suggested Man could be considering using some of its cash pile of around $1bn to fund a share buyback at current levels, so CFD traders were buying with tight stop losses [...]
THE TIPSTER October 31, 2011 SHARES in Man Group are languishing at lows not seen since March of 2009, down over 50 per cent year to date. Weekend reports suggested Man could be considering using some of its cash pile of around $1bn to fund a share buyback at current levels, so CFD traders were buying with tight stop losses [...]
WHAT THE OTHER PAPERS SAY THIS MORNING October 30, 2011 FINANCIAL TIMES SCHÄUBLE CALLS FOR EU LEAD ON TOBIN TAX Wolfgang Schäuble, Germany’s finance minister, wants the European Union to take the global lead in introducing a financial transaction tax to curb speculative trading, along with tougher regulation of big banks and the “shadow” banking sector, such as hedge funds. If the UK blocked agreement [...]
Opening up a new vista in air travel October 23, 2011 THE Nina J is bobbing up and down in the clear sparkling Riviera water, flanked by other super yachts that occasionally eject bevies of python and white linen-clad babes ready to take Monaco by storm. Around the pier, portly perma-tanned sugar daddies squeeze the waists of their young Ivankas as they ponder how to blow [...]