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 [...]
China economic growth slows October 18, 2011 China’s economic expansion slowed in the third quarter to its weakest pace since early 2009, but core domestic drivers of growth remained robust, suggesting little chance that monetary policy can be relaxed near term. Gross domestic product rose 9.1 per cent in the third quarter from a year earlier, moderating from 9.5 per cent in [...]
China economic growth slows October 18, 2011 China’s economic expansion slowed in the third quarter to its weakest pace since early 2009, but core domestic drivers of growth remained robust, suggesting little chance that monetary policy can be relaxed near term. Gross domestic product rose 9.1 per cent in the third quarter from a year earlier, moderating from 9.5 per cent in [...]
Temasek raises £350m with innovative fund-boosting deal October 17, 2011 TEMASEK has launched a S$650m (£350m) bond exchangeable into shares in the London-listed bank Standard Chartered, bookrunner Bank of America Merrill Lynch said yesterday. Temasek, a sovereign wealth fund for the Singapore authorities, is an 18 per cent shareholder in Standard Chartered. The offering of the three-year, zero coupon bonds by Temasek Financial, a special [...]
CITY MOVES | WHO’S SWITCHING JOBS October 12, 2011 Gazprom Gazprom Marketing and Trading, the subsidiary of the Gazprom Group, the world’s largest gas company by asset base, has appointed Tony West as power strategy manager. West joins from Scottish Power, where he managed the commodity market risks within the energy management division. Prior to joining Scottish Power, he worked at Sapient. He has [...]
WHAT THE OTHER PAPERS SAY THIS MORNING October 10, 2011 FINANCIAL TIMES TOUGH CARE HOME REGULATIONS PROPOSED The government is considering a series of tough regulations for residential care homes following the collapse this year of Southern Cross, the UK’s biggest home operator. The measures, outlined yesterday for consultation, include requiring companies to post capital upfront as a condition of their licence, and giving councils [...]
Barnier leak may hang the Big Four out to dry October 10, 2011 RECENTLY a leaked document from the European Commission’s (EC) Michel Barnier made front pages, including that of City A.M.. The details of what could come to be concrete proposals threaten the Big Four accountancy firms – PwC, KPMG, Deloitte and Ernst & Young. The stakes are high: one of London’s, and the UK’s, most successful [...]
FTSE lurches up on economic optimism October 6, 2011 BRITAIN’S top shares advanced yesterday as sentiment was lifted by hopes policymakers will take the necessary measures to stabilise stressed European banks and by the Bank of England’s decision to launch a second round of quantitative easing. “Central banks have come to the party and said ‘look, we’re really concerned about growth; we’re going to [...]
THE TIPSTER October 2, 2011 IT is a busy week this week for retailers with Tesco and several others updating the markets with their latest trading statements. Tesco has been wobbling like an errant trolley between 355p and 385p for nearly two months now. Until this range is broken, look to sell at the top and buy at the bottom. [...]
Eurozone deal fails to breathe new life into markets September 30, 2011 The FTSE 100 opened down today as action to increase the Eurozone’s bailout fund failed to breathe new life into global markets. World stocks fell with European shares set to post their biggest quarterly decline since the collapse of Lehman Brothers three years ago, as investors grappled with a slowdown in global growth and the [...]