Ex-slickers cooking up a storm May 13, 2012 Poncho 8 FOUNDERS Nick Troen (formerly a consultant at KPMG); Frank Yeung (formerly a trader at Goldman Sachs); Nick Birkett (formerly an investment analyst at BlackRock). BUSINESS The first Poncho 8 in Spitalfields opened in September 2009 with the aim of being the first of a fast-casual Mexican chain. www.poncho8.com WHY DID YOU LEAVE THE [...]
Standard Chartered to up investment plans May 2, 2012 STANDARD Chartered will accelerate its investment plans on the back of what chief executive Peter Sands called a “strong start to 2012”. The bank gave a trading update yesterday, flagging “high single digit growth” in revenues. That was below its usual double digit growth, however, which the bank blamed mainly on “the continued strength of [...]
Austerity here to stay, warns German leader May 7, 2012 GERMAN Chancellor Angela Merkel tried to ease tensions with new French President Francois Hollande yesterday, after she supported rival Nicolas Sarkozy in the campaign. However, she warned that the new French leader – and his currently unknown peer in Greece – will not be allowed to renegotiate the Eurozone’s fiscal discipline deal. Merkel said that [...]
PERSONAL FINANCE NEWS December 2, 2010 MORGAN STANLEY UNVEILS GROWTH PLAN Morgan Stanley this week announced the launch of its new FTSE Defensive Digital Growth Plan, which lasts for six years. The plan offers a fixed return of 60 per cent at maturity if the FTSE 100 rises or even if it falls by less than 20 per cent over the [...]
Crozier gets cosier with ITV and pockets £2.16m in first full year March 29, 2012 ITV’s chief executive Adam Crozier earned a pay package worth almost £2.2m in 2011, his first full year since taking the helm of the broadcaster in April 2010. Crozier received a salary of £798,250, boosted by a £634,082 cash bonus and a further £634,082 worth of stock. His total compensation was boosted to £2.16m by a [...]
PERSONAL FINANCE NEWS November 25, 2010 TRYING TO TIME THE MARKET IS COSTLY Research commissioned by Barclays Wealth has revealed that investors’ habit of chasing performance is costing more than one percentage point a year in returns. The study, which analysed fund flows between 1992 and 2009, discovered that market timing decisions by retail investors (when investing in equity mutual funds) [...]
PERSONAL FINANCE NEWS November 25, 2010 TRYING TO TIME THE MARKET IS COSTLY Research commissioned by Barclays Wealth has revealed that investors’ habit of chasing performance is costing more than one percentage point a year in returns. The study, which analysed fund flows between 1992 and 2009, discovered that market timing decisions by retail investors (when investing in equity mutual funds) [...]
We must campaign with one voice to end financial illiteracy in the UK April 26, 2012 WE NO LONGER live in a world where our financial futures are taken care of by either the government or our employers. Today, we are increasingly expected to take personal responsibility for planning for the long term. If we are to make the right decisions, we need to understand the language of economics, statistics and [...]
Tech City’s free radicals can’t be run by the state April 29, 2012 TODAY, the UK has a huge array of entrepreneurial talent. However, with the latest GDP figures showing the country back in recession, we need more than political spin from Westminster about promoting innovation and entrepreneurship. We need the politicians to get out of the way so we can achieve results. No project has inflamed more [...]
WHAT THE OTHER PAPERS SAY THIS MORNING April 22, 2012 FINANCIAL TIMES Non US banks hope for reprieve on swaps US regulators are exploring ways to give large foreign banks and overseas subsidiaries of US lenders a reprieve from stringent new derivatives rules, potentially alleviating one of the biggest concerns facing global finance institutions. Chesapeake discloses chief’s $661m payments for wells Aubrey McClendon, the chief [...]