WHAT THE OTHER PAPERS SAY THIS MORNING January 11, 2012 FINANCIAL TIMES BANK OFFERS TRADES FOR EUROZONE SHORTING Credit Suisse is offering its hedge fund clients off-the-shelf products that allow traders to replicate hypothetical gains made by betting against European stock indices that include equities covered by Eurozone short selling bans. The bank has made five shortable baskets “optimised” to track leading European indices as [...]
Nationwide boss Beale’s pay rises to over £1.88m June 23, 2011 NATIONWIDE chief executive Graham Beale was paid a total of £1.88m this year, an increase of £350,000 on last year’s wages. On top of a base salary of £650,000, Beale received £441,00 in performance related pay, and a £101,000 pension contribution. His basic pay packet next year will increase by a further £175,000 to £825,000, [...]
Multi-million pound properties on the up as London prices soar January 12, 2012 PROPERTY prices in the capital are booming, and show no sign of slowing as a side effect of economic gloom, two separate studies released this morning have shown. According to LSL Property Services, London house prices are 3.1 per cent higher than last year, bucking the overall downward trend that saw property prices slump 0.5 [...]
Rivals round on Romney January 10, 2012 MITT Romney faces growing questions about his candidacy for the Republican US presidential nomination despite going into last night’s primary contest as the clear favourite. The former head of private equity house Bain held onto a significant lead in the final opinion polls for the New Hampshire primary, while the battle for second place appeared [...]
Confidence falls to all time low on Europe fears November 16, 2011 WORRIES about the Eurozone crisis and the slowing domestic economy have pushed consumers to their gloomiest mood ever, according to Nationwide’s monthly confidence index, released this morning. Five consecutive monthly falls have taken consumer confidence to an all-time low of 36 points, 42 points below its long-term average of 76 points. Expectations, too, plummeted to [...]
Romney remains the right choice to defeat Obama January 2, 2012 CONSERVATIVE commentator William F. Buckley once set out a rule for the Republican nomination: “pick the most principled conservative who can win”. Since 1968, the GOP has largely got the Buckley balance between electability and ideology right. In 2000, they chose the electable and moderately conservative George Bush over conservative and unelectable Steve Forbes or [...]
It’s time to fill your diary to bursting with events for 2012 January 29, 2012 FOLLOWING in the successful footsteps of StartUp America we have StartUp Britain: “A national campaign by entrepreneurs for entrepreneurs, harnessing the expertise and passion of Britain’s leading businesspeople to celebrate, inspire and accelerate enterprise in the UK.” It has just unveiled StartUp 2012: The Enterprise Calendar (www.startupbritain.org/calendar), which aims to be “a new resource to [...]
FTSE gains as manufacturing bounces back February 1, 2012 The FTSE rose this morning as better-than-expected UK and Chinese manufacturing data gave investor sentiment a boost and fuelled gains in mining and banking. Britain’s manufacturing sector unexpectedly returned to growth in January as orders rose for the first time in six months, indicating the UK could avoid recession if the sector continues to recover [...]
House prices edge up in a soft market November 1, 2011 HOUSE prices nudged up last month, beating expectations for no change, driven by sales in more affluent areas, data from mortgage lender Nationwide showed yesterday. House prices rose 0.4 per cent in October having risen 0.1 per cent in September, pushing them 0.8 per cent higher than a year ago, the first time annual house [...]
UK’s households facing hard times ahead of Christmas December 19, 2011 INCOMES took a further battering in November and consumers expect house prices to fall further into next year, according to today’s Nationwide consumer confidence survey which recorded a tiny rise in confidence. The headline consumer confidence index rose four points in the month to 40, still 37 points below its long run average of 77 [...]