New mortgage loans set to dip January 30, 2011 MORTGAGE approvals could have fallen to their lowest level in around two years, according to City economists awaiting the Bank of England’s latest data on bank lending, released tomorrow. Yet the Bank’s figures for December may signal a steady rise in lending to businesses, some analysts said. “We think mortgage approvals slipped to 42,000 in [...]
Fears grow of dip: Deloitte July 4, 2010 CONFIDENCE among City finance chiefs began to wane again over the second quarter of the year as market volatility, global fiscal tightening measures and the sovereign debt crisis weighed heavily on sentiment. Chief financial officers now predict around a 38 per cent chance of a “double dip” recession on average, a significant jump on the [...]
CITY MOVES | WHO’S SWITCHING JOBS February 1, 2011 Financial Risk Management Anthony Simpson (pictured) has joined the hedge fund specialist as co-head of global business development. He will be based in London working in partnership with Akio Shimazu and will also join FRM’s executive committee. Formerly, Simpson has worked in a similar role for Ramius, the alternative investment management business of Cowen Group. [...]
ECONOMISTS’ VIEWS: WILL BANK LENDING INCREASE THIS YEAR? January 30, 2011 JAMIE DANNHAUSER | LOMBARD STREET RESEARCH “We expect the availability of bank lending to improve slowly over the course of 2011. Bank balance sheets, particularly capital levels, are looking much healthier than two years ago.” ALISTAIR MILNE | CASS BUSINESS SCHOOL “Banks need to regain the lost skills of identifying good business lending opportunities. But [...]
Square Mile rent up 25 per cent January 9, 2011 The City of London saw the largest annual increase in office rents for 22 years last year, with rents reaching £55 per sq ft at year-end, according to consultancy Divers Jonas Deloitte.
Square Mile rent up 25 per cent January 9, 2011 The City of London saw the largest annual increase in office rents for 22 years last year, with rents reaching £55 per sq ft at year-end, according to consultancy Divers Jonas Deloitte.
Why firms need to be freed to spend February 15, 2011 DESPITE repeated promises from the coalition that it would tackle the burden of red tape, a raft of new employment rules are set to come into force over the next few years. As we report on page 1, these will cost UK firms billions of pounds in extra recurring costs, even on the government’s own [...]
Why firms need to be freed to spend February 15, 2011 DESPITE repeated promises from the coalition that it would tackle the burden of red tape, a raft of new employment rules are set to come into force over the next few years. As we report on page 1, these will cost UK firms billions of pounds in extra recurring costs, even on the government’s own [...]
Voluntary rules for auditors January 25, 2011 GOVERNMENT minister Ed Davey told a House of Lords inquiry yesterday that moves to make the “big four” auditors less dominant in the market should be voluntary before more regulation is tried. Davey, minister for government relations, said “demand-side” measures to help mid-sized audit firms to grow should take precedence over regulation to improve competition. [...]
Cut business tax to 18pc, says CBI April 18, 2011 CORPORATION tax should be cut to 18 per cent in order to give a much-needed boost to the UK’s global competitiveness, the Confederation of British Industry (CBI) will demand today. Britain’s attractiveness plummeted between 2000 and 2010, the CBI said. The clock is ticking on the government to halt the decline and prevent businesses from [...]