StanChart decides to shut Asian loans trading unit February 16, 2011 EMERGING markets-focused lender, Standard Chartered has shut its global loans trading unit, ending a unique experiment in Asia. The roughly 10-person trading team with desks in New York, London and Singapore, was established in 2002 and led by global head of secondary trading Rafael Valbuena. “We are rationalising the secondary loan trading business,” said a [...]
Get talent: how CFOs can make the most of the people they hire February 15, 2011 HEAD OF EMPLOYER SERVICES, ACCA Chief Financial Officers (CFO) all over the world are facing a challenge – maximising the value that finance teams bring to the business. People – and not numbers – are the sum of an organisation, and in a new report with KPMG, ACCA (the Association of Certified Chartered Accountants), looks [...]
Get talent: how CFOs can make the most of the people they hire February 15, 2011 HEAD OF EMPLOYER SERVICES, ACCA Chief Financial Officers (CFO) all over the world are facing a challenge – maximising the value that finance teams bring to the business. People – and not numbers – are the sum of an organisation, and in a new report with KPMG, ACCA (the Association of Certified Chartered Accountants), looks [...]
VALENTINES ADDING TO OUR TRADE DEFICIT February 13, 2011 THERE are no excuses for disappointing Valentines dates this evening who fail to produce a plush dozen roses: rose deliveries to the UK this year are at record highs. Virgin Atlantic’s cargo division has reported a 40 per cent increase in the volume of flower deliveries to the UK from Kenya, our main supplier of roses, compared to [...]
Liverpool came off better in Torres transfer, insists Rush February 13, 2011 LIVERPOOL may have seen former darling of the Kop Fernando Torres defect to Chelsea, but Anfield great Ian Rush believes time will prove the Reds did the better business in the last transfer window. Torres has endured a miserable time since his British record £50m transfer, suffering defeat to his former team-mates on his debut [...]
CHANGES TO THE BANK LEVY February 8, 2011 Q.WHICH BANKS WILL BE HIT BY THE LEVY? A.The revised levy will apply to UK banks on all equities and liabilities after a £20bn allowance is reached. It applies the same rules to the UK operations of foreign banks. HOW MATERIAL IS TODAY’S CHANGE? Initially, the rate that banks pay will be increased to 0.1 [...]
FTSE dips as banks come under pressure February 8, 2011 The FTSE 100 dipped this morning despite strong results from Xstrata and BG Group. The index has gained in four out of the last five trading sessions – regularly surpassing the 6,000 barrier, but banking stocks were among the poorest performers today. Commodities dipped as the price of copper came down after a record high [...]
Don’t leave it all to the taxman: seven easy ways to lower IHT bills February 2, 2011 WHO do you want to leave your worldly wealth to when you pop your clogs? Your nearest and dearest? A furry friend? Charity? Unsurprisingly, the nation’s favourite beneficiaries are the ones closest to our hearts, with 87 per cent wanting their assets to go to family, according to Unbiased.co.uk, the financial advice website. Still, nearly [...]
FTSE closes above 6,000 as traders pick miners and banks February 2, 2011 BANKS and miners pushed Britain’s top share index higher yesterday, lifted by further proof that the economic recovery in the United States is on track. The FTSE 100 index closed up 42.25 points, or 0.7 per cent, at 6000.07, extending Tuesday’s 1.6 per cent rise. The index has recovered from a sharp dip at the [...]
FTSE closes above 6,000 as traders pick miners and banks February 2, 2011 BANKS and miners pushed Britain’s top share index higher yesterday, lifted by further proof that the economic recovery in the United States is on track. The FTSE 100 index closed up 42.25 points, or 0.7 per cent, at 6000.07, extending Tuesday’s 1.6 per cent rise. The index has recovered from a sharp dip at the [...]