High inflation is denting recovery: The Bank of England must act now February 13, 2013 IT’S official. The Bank of England has confirmed in its latest Inflation Report that it is unlikely to get inflation back to target in the next couple of years. On its central forecast, the Bank is not expecting inflation to be back around the 2 per cent level until late 2015 or early 2016. As [...]
Osborne’s gambled on the wrong policy March 23, 2013 THERE is a striking paradox at the heart of George Osborne’s approach to the economy, as demonstrated yet again in yesterday’s Budget. He was remarkably risk-averse with his tax and spend policies, refusing to embrace the kinds of shock and awe tax reforms many of us wanted, or to cut spending faster, though he did [...]
British insurers want regulators to concentrate less on banking October 11, 2012 BRITISH insurers yesterday called on regulators to appoint more senior figures with industry expertise, in an attempt to correct a perceived obsession with the banking sector. The pressure comes as the Financial Services Authority (FSA) prepares to split into two new bodies: the Financial Conduct Authority and the Prudential Regulation Authority. “It is absolutely vital the [new [...]
British insurers want regulators to concentrate less on banking October 11, 2012 BRITISH insurers yesterday called on regulators to appoint more senior figures with industry expertise, in an attempt to correct a perceived obsession with the banking sector. The pressure comes as the Financial Services Authority (FSA) prepares to split into two new bodies: the Financial Conduct Authority and the Prudential Regulation Authority. “It is absolutely vital the [new [...]
Coya: the last word in Peruvian cuisine December 16, 2012 RESTAURANT COYA 118 Piccadilly, Mayfair, W1J 7NW Tel: 020 7042 7118 FOOD **** VALUE *** ATMOSPHERE *** Cost for two people with wine: £120 COYA WAS easily one of the most talked about openings this autumn. Created by Arun Waney, the man behind La Petite Maison and the uber successful Knightsbridge eatery Zuma, the restaurant [...]
Avanti misses but retains sky high ambitions October 10, 2012 SHARES in Avanti Communications, the satellite broadband company, took a 16 per cent hit yesterday as the firm said turnover had missed forecasts for the year. Avanti posted annual revenue of £15m, against the company’s guidance of £17.8m, and saw losses widen from £12.7m to £16m. Chief executive David Williams was positive about Avanti’s performance [...]
Designed for life… November 1, 2012 The finest timepieces mix form, function and technical excellence to sparkling effect, as these masterful new models prove. HERMES DRESSAGE This year marks the centenary of the French luxury house producing watches. Appropriately, its new flagship piece is the first to contain a dedicated, in-house movement thanks to part-Hermes-owned prestige manufactory Vaucher. A simple, clean [...]
Battle of the cabs: Hailing competition in London’s transport August 12, 2012 WHEN I lived in Monaco, I had Ferraris. Now, living in London, I have a basic car but barely use it. The hassle of parking and traffic have made me a cab and minicab user, and I’ve recently noticed interesting things going on in their business world. Cabs have had two unique selling points. Unlike [...]
ANALYST VIEWS | DO TESCO’S RESULTS SUGGEST A FINANCIAL TURNING POINT? June 11, 2012 CLIVE BLACK SHORE CAPITAL We see this as a steady statement suggesting stabilisation is coming through in the UK, which we find encouraging after sustained underperformance. For the “uber bears” there is no warning, which is an important foundation to the rebuilding of Tesco’s investment credentials. FREDDIE GEORGE SEYMOUR PIERCE We continue to believe that [...]
Facebook tanks further despite new mobile ads June 6, 2012 FACEBOOK shares continued to hurtle downwards yesterday, dropping 3.8 per cent to a new closing low of $25.87 (£16.82) – far below the $38 IPO price. The stock, which had dipped as low as $25.75 during the day, continued to sink in after hours trading in yet another blow for the company’s uber-hyped flotation. But [...]