Chancellor Rachel Reeves delivered Labour’s first Budget in 14 years, announcing £40bn of tax rises, Central London Alliance comments
China sees stable manufacturing growth but underlying conditions are weak November 1, 2013 The Chinese manufacturing sector improved at the beginning at the beginning of the fourth quarter, so suggests the latest PMI surveys released on Friday. However breaking down into the figures, London-based consultancy, Capital Economics suggests that China is due for slower growth while small firms struggle. The government's policy of reducing the availability of credit [...]
What you need to know before the open – 01/11 November 1, 2013 US markets rounded off October markedly higher, despite yesterday's negative finish. Data from Europe does continue to worsen, thought, with anticipation of a potential European Central Bank rate cut next week pushing the euro down. Chinese manufacturing PMI, coming in overnight, has eased worries over a softness in recent Chinese economic activity. On the official [...]
McIlroy rediscovers his touch in Shanghai October 31, 2013 REJUVENATED Rory McIlroy believes his nightmare spell is behind him after he shot a seven-under-par round of 65 to take a first-round lead at the WGC HSBC Champions yesterday in Shanghai. The former world No1 has suffered a barren and arduous 2013 and needs a sparkling performance this week if he is to qualify for [...]
City Moves for 30 October 2013 | Who’s switching jobs October 29, 2013 KPMG The professional services giant has announced the appointment of Gary Reader as global head of insurance. Reader is a KPMG veteran having been at the company for 28 years, and was most recently its UK head of insurance advisory. Capco Christopher Geldard has been appointed head of the global banking practice and member of [...]
London Report: FTSE rises on BP strong figures and a dividend October 29, 2013 BRITAIN’S top share index climbed to a five-month high yesterday, with investors flocking to buy energy stocks after strong results from BP raised expectations for earnings from the sector. BP was the top-performer on the blue-chip FTSE 100 index, surging 5.6 per cent after the company announced forecast-beating profits, a dividend hike and plans to [...]
When to invest in passive vehicles October 29, 2013 The rising popularity of tracker funds partly reflects their flexibility, says Annabel Palmer INVESTORS are increasingly turning to passive funds. In the four years to June 2013, the assets held in passive investments have more than doubled in the US. And according to the Investment Management Association, tracker funds’ share of total funds under management [...]
Golf Comment: Don’t rule out consecutive wins for Gonzalo October 28, 2013 ONE European player impressed me perhaps more than any other at last month’s Seve Trophy, so it was no surprise to see Gonzalo Fernandez-Castano win the BMW Championship in China at the weekend. The Spaniard has a tremendous swing and a new grip appears to have helped him to overcome some problems with putting that [...]
McIlroy eyes Tour victory and spot in Dubai finale October 28, 2013 FORMER world No1 Rory McIlroy is confident of building on yesterday’s first win of 2013 in the coming weeks and ensuring his place in the season-ending World Tour Championship in Dubai. The Northern Irishman defeated world No1 Tiger Woods by one shot in an 18-hole exhibition at Mission Hills in China to taste success for [...]
Most influential women named in finance list October 28, 2013 SENIOR women from BlackRock, HSBC, Nasdaq OMX and JP Morgan have all been named in the annual FN100 Women 2013 – a list of the most influential female executives working in European financial markets. The list, compiled by Financial News and released this morning, includes 10 chief executives, five chairmen, five chief operating officers and [...]
London Report: FTSE hits a five month high as banks recover October 24, 2013 BRITAIN’S main share index rose yesterday to a five-month high, boosted by strong earnings reports and a rebound in financial and basic material stocks. The blue-chip FTSE 100 index closed up 0.6 per cent, or 38.70 points, at 6,713.18 points, its first close above 6,700 since May. A daily close above 6,700 indicated that the [...]