Inflation fear as VAT looms December 13, 2010 INFLATION expectations could lead to even higher prices and wages, the deputy governor of the Bank of England said yesterday. “Given the unexpected strength of inflation in recent months, this risk has probably increased,” said Charles Bean. The Bank will watch inflation “like proverbial hawks,” he added. Bean was speaking after official data showed a [...]
Pound jumps as City A.M. reveals more momentum behind rise in interest rates February 2, 2011 STERLING jumped to a three-month high against the dollar yesterday, after markets reacted to hawkish comments from Bank of England rate setters Andrew Sentance and Charles Bean. In an exclusive interview in City A.M. yesterday, Sentance suggested that the Bank’s monetary policy committee (MPC) was getting closer to a rise in interest rates as inflation [...]
PwC faces a probe into its auditing of Connaught’s books November 29, 2010 PRICEWATERHOUSECOOPERS (PwC) faces an investigation into its audit of collapsed social housing repair firm Connaught. The UK accounting regulator, the Accountancy and Actuarial Discipline Board (AADB), said yesterday it would look at the conduct of auditor PwC, as well as some of its staff, in relation to the preparation and auditing of the group’s results [...]
Job placements up in November December 7, 2010 Permanent placements and temp billings rose at the fastest rates for three months in November, according to a UK labour market report released today. The Recruitment and Employment Confederation (REC) and KPMG Report on Jobs, which draws on recruitment consultancies data, showed three-month highs for both permanent placements and temporary billings, following a previous slowdown. [...]
Job placements up in November December 7, 2010 Permanent placements and temp billings rose at the fastest rates for three months in November, according to a UK labour market report released today. The Recruitment and Employment Confederation (REC) and KPMG Report on Jobs, which draws on recruitment consultancies data, showed three-month highs for both permanent placements and temporary billings, following a previous slowdown. [...]
Infrastructure India taps UK shareholders February 13, 2011 INFRASTRUCTURE India has become the latest Indian firm to tap the UK markets for investment cash, raising £33m in a share placing. Shares worth £25.5m at 60.5p each have been placed with existing and new investors and will start trading on AIM on Thursday, the firm said at the weekend. Specialist energy investor Guggenheim Global [...]
SNOW’S THE STAIR MASTER IN THE RACE OF THE THOUSAND STEPS March 3, 2011 HERE’S a story with legs: the results of the third annual Vertical Rush race up the 920 dizzying steps of City skyscraper Tower 42 in aid of housing charity Shelter. Setting off in hourly slots, 1,200 chip-timed runners – including racers from Legal & General, Schroders, Threadneedle, Tullett Prebon and KPMG – vied to see [...]
SNOW’S THE STAIR MASTER IN THE RACE OF THE THOUSAND STEPS March 3, 2011 HERE’S a story with legs: the results of the third annual Vertical Rush race up the 920 dizzying steps of City skyscraper Tower 42 in aid of housing charity Shelter. Setting off in hourly slots, 1,200 chip-timed runners – including racers from Legal & General, Schroders, Threadneedle, Tullett Prebon and KPMG – vied to see [...]
Offshore trusts attacked by government tax plans December 9, 2010 THE GOVERNMENT plans to crack down on offshore trusts used to avoid tax on bonuses, it revealed yesterday, as part of its plan to shake up tax rules. Money kept in trusts for employees will be treated as payments to workers and taxed at a higher rate under the government’s 2011 budget plans published yesterday. [...]
JP Morgan confirms London as its EU headquarters December 20, 2010 INVESTMENT bank JP Morgan has confirmed it will base its European headquarters in London, at 25 Bank Street in Canary Wharf, from 2012. The announcement is a major vote of confidence in London as a leading financial services centre and will come as a relief to policymakers. The bank has paid £495m to acquire more [...]