In defence of “tax havens”: Why the world would be much poorer without offshore finance April 8, 2016 Offshore financial centres (OFCs) have taken a bashing in the press in the last few days following the Mossack Fonseca leaks. But the truth is that the major OFCs are extremely well regulated and have been so for many years. It is far harder to set up a company in Jersey than in the UK, [...]
Timothy Spall excels in The Old Vic’s The Caretaker April 7, 2016 The Old Vic | ★★★★☆ Harold’s Pinter’s first big hit, The Caretaker, is a frenetic comedy about three social outcasts, all woefully incapable of communicating with each other. This claustrophobic play takes place inside a leaky loft conversion strewn with lofty piles of newspapers and a host of unfinished DIY projects. It’s exhausting just looking [...]
IMF chief Christine Lagarde: Yes, global recovery is shaky – but don’t panic April 5, 2016 Christine Lagarde has warned that she is “on alert” over the shaky foundations underpinning the global economic recovery and called on politicians and central banks to make sure they are doing everything they can to promote sustainable growth. In an address to Goethe University, the managing director of the International Monetary Fund (IMF), said the [...]
Libor scandal round 3: It’s crunch time for the UK’s fraud squad as it heads to court for the third UK Libor trial April 3, 2016 The Serious Fraud Office is gearing up for a crunch trial today as it heads to court in the latest instalment of the Libor rigging saga. The under-pressure fraud squad's war on financial misconduct will continue at Southwark Crown Court, with the trial of five former Barclays bankers accused of US-dollar pegged Libor rigging. The SFO will [...]
Tottenham face fight to keep Mauricio Pochettino and won’t win Premier League, says Sir Alex Ferguson March 31, 2016 Former Manchester United manager Sir Alex Ferguson has warned Tottenham they face a fight to hold onto boss Mauricio Pochettino following his quiet transformation of the club. Ferguson expects Spurs’ most concerted top-flight title challenge for half a century to end in failure, with current leaders Leicester his tip to complete a watershed Premier League [...]
Three reasons why Apple’s iPhone SE will be a smartphone hit March 31, 2016 Apple’s latest handset, the iPhone SE, will be unleashed this week upon a weary consumer. Why weary? Gartner figures show that global smartphone sales in Q4 2015 saw their slowest growth since 2008. Industry behemoth Apple hasn’t been immune with sales of its iPhone range starting to flat-line, currently growing at the slowest rate since the [...]
Panmure Gordon Brexiter David Buik will be cutting back on his Spanish holidays if the UK votes to leave the EU March 30, 2016 Talking heads at Panmure Gordon went head-to-head in the Times on Wednesday to talk about their views on Brexit. Things are cordial between chief economist Simon French (In) and market commentator David Buik (Out), but poor Buik plans to make sacrifices in the name of British independence. The Capitalist caught up with French last week at [...]
City Moves for 29 March 2016 | Who’s switching jobs March 29, 2016 Deverell Smith Deverell Smith, specialists in temporary and permanent property recruitment, has announced the appointment of Prunella Milligan as head of new homes temporary recruitment. Prunella previously worked for Deverell Smith for three and a half years from 2010 in business support recruitment before joining Savills in 2013 as an onsite new homes sales negotiator. [...]
Shares in African budget airline Fastjet closed down over 10 per cent yesterday following EasyJet owner’s warning letter March 24, 2016 Fastjet's share price plunged yesterday, dropping by 10.95 per cent to close at 30.50p. The stock dipped on the first day of trading since Easy Group owner Sir Stelios Haji-Ioannou sent a letter to the African budget airline, threatening legal action over a series of alleged licence breaches. Easy Group – parent company of EasyJet – [...]
Barclays sued by Syrian billionaire Wafic Saïd over blacklisting after 40 year relationship March 23, 2016 Barclays is being sued by one of its oldest and richest customers, Syrian-born billionaire businessman and philanthropist Wafic Saïd after the bank cut ties with him after a 40 year relationship. Saïd, a 76-year-old Monaco resident and Conservative-party donor, today instructed his lawyers to file proceedings at the High Court in London according to a statement released by public [...]