Barclays “most at risk” from bank reforms April 8, 2011 Barclays is most at risk from a government appointed commission’s push to reform the sector by protecting and ring-fencing ordinary savers from risky investment banking, a poll showed. Six out of 11 analysts and fund managers polled said Barclays had the most to lose if the Independent Commission on Banking (ICB) proposes on Monday that [...]
Forget the made-for-TV nonsense, the race is on to find real apprentices April 6, 2011 DAVID Willetts, the minister for universities and higher education, courted controversy when he suggested that graduates should consider starting a business if they were struggling to find work. But some of the City’s finest took this to heart and cooked up an idea to boost Britain’s entrepreneurial spirit and give the UK’s best and brightest [...]
Forget the made-for-TV nonsense, the race is on to find real apprentices April 6, 2011 DAVID Willetts, the minister for universities and higher education, courted controversy when he suggested that graduates should consider starting a business if they were struggling to find work. But some of the City’s finest took this to heart and cooked up an idea to boost Britain’s entrepreneurial spirit and give the UK’s best and brightest [...]
China’s factory output rises April 1, 2011 Chinese factories raised production modestly in March while cost inflation slowed, early signs that it has had some success in taming prices through monetary policy tightening. Two surveys of China’s vast manufacturing sector showed factories growing moderately rather than booming, and some economists said a further slowdown could be in store. Yet few thought slackening [...]
Peking over the top of China’s Great Currency Wall March 29, 2011 THOUGH there is constant talk of China’s rise, currency investors often find themselves frustrated by the apparent wall between them and the Chinese currency. However that doesn’t mean that those wishing to take a position on China’s currency, the renminbi (RMB) are without options. On first inspection, the Chinese currency seems as rigidly controlled as [...]
Stuart Rose joins board of MMN March 28, 2011 FORMER M&S boss Stuart Rose has joined the board of mobile payments firm Mobile Money Network (MMN) as non-executive chairman. MMN is a joint venture between mobile payments company Monitise and Carphone Warehouse owner Best Buy Europe. The firm also announced former Standard Chartered boss Lord Davies of Abersoch will join Carphone Warehouse founder Charles [...]
Stuart Rose joins board of MMN March 28, 2011 FORMER M&S boss Stuart Rose has joined the board of mobile payments firm Mobile Money Network (MMN) as non-executive chairman. MMN is a joint venture between mobile payments company Monitise and Carphone Warehouse owner Best Buy Europe. The firm also announced former Standard Chartered boss Lord Davies of Abersoch will join Carphone Warehouse founder Charles [...]
Bullish brokers boost banks as energy and mining stocks sag March 28, 2011 BULLISH broker comment helped push the banking sector higher yesterday, as Britain’s top share index neared key technical resistance levels after its recent rally, with commodity stocks weighing on the upside. The FTSE 100 closed 3.73 points, or 0.1 per cent, higher at 5,904.49, near its 50-day moving average of 5,933.83. The index has traded [...]
Bullish brokers boost banks as energy and mining stocks sag March 28, 2011 BULLISH broker comment helped push the banking sector higher yesterday, as Britain’s top share index neared key technical resistance levels after its recent rally, with commodity stocks weighing on the upside. The FTSE 100 closed 3.73 points, or 0.1 per cent, higher at 5,904.49, near its 50-day moving average of 5,933.83. The index has traded [...]
Lehman investors in HK to be repaid March 27, 2011 SIXTEEN Hong Kong banks have agreed on a deal to enable investors in structured products of the now bankrupt Lehman Brothers recover a majority of their investments. Investors in Hong Kong lost nearly HK$2.5bn (£199m) on structured products, called “minibonds” offered by US investment bank Lehman Brothers, which collapsed in 2008. A statement from receivers [...]