MPC steadied by string of positive data June 14, 2009 CAUTIOUS optimism is likely to dominate the Bank of England’s Monetary Policy Committee (MPC) June minutes due out this Wednesday, in the light of the last fortnight’s string of positive data. Key MPC members including Kate Barker and Paul Fisher have already expressed concerns about the strength and sustainability of the UK’s nascent economic recovery, [...]
WHEN DO YOU SEE UK INTEREST RATES STARTING TO RISE AGAIN? June 14, 2009 GEORGE BUCKLEY DEUTSCHE BANKWe have them rising in the second half of 2010. The Bank might have to raise rates quicker, but on balance the amount of rebalancing that households and firms will have to do in the UK will restrict the pace of growth. IAN MCCAFFERTY CBIWe will need to see some move back [...]
WHEN DO YOU SEE UK INTEREST RATES STARTING TO RISE AGAIN? June 14, 2009 GEORGE BUCKLEY DEUTSCHE BANKWe have them rising in the second half of 2010. The Bank might have to raise rates quicker, but on balance the amount of rebalancing that households and firms will have to do in the UK will restrict the pace of growth. IAN MCCAFFERTY CBIWe will need to see some move back [...]
CITY MOVES WHO’S SWITCHING JOBS June 10, 2009 List GroupThe markets software provider has appointed Antonio Attanasio (left) as chief marketing officer and Marco de Matti as a sales manager. Attanasio will oversee the firm’s marketing strategy and also work with its quantitative finance division, FMR Consulting. He has worked at Reuters, Dow Jones and GL Trade. De Matti joins from business process [...]
EUROPEAN REPORT June 8, 2009 EUROPEAN shares closed lower yesterday as banks gave back some of their recent gains, though a late rally in commodities prices helped to limit the losses of mining and energy shares. The pan-European FTSEurofirst 300 index fell 0.8 per cent to 865.11 points, rising off the day’s low of 857.39. The index had risen for [...]
CITY VIEWS: WHAT IMPACT DO YOU THINK THE CURRENT POLITICAL TURMOIL WILL HAVE ON THE ECONOMY? June 8, 2009 STEFAN SZECSEI DEUTSCHE BANK“A resolution to the turmoil in the Labour party and some political stability would boost the economy and international investors’ perception of the UK. The unrest is not great in the short-term but there could be long-term gain to be had from it.” BILL MAXTED DE MONTFORT UNIVERSITY“I think that interest rates [...]
1,000 CITY MENU TO STAGE A COMEBACK June 7, 2009 LAST year, one of the City’s favourite restaurants, Vivat Bacchus, made headlines all around the globe for introducing a £1,000 tasting menu despite the onset of the credit crunch, as a treat for hard-working financiers celebrating their (albeit reduced) bonuses. The menu – which included royal sevruga caviar, lobster linguini flavoured with 40-year-old Armagnac, grilled [...]
1,000 CITY MENU TO STAGE A COMEBACK June 7, 2009 LAST year, one of the City’s favourite restaurants, Vivat Bacchus, made headlines all around the globe for introducing a £1,000 tasting menu despite the onset of the credit crunch, as a treat for hard-working financiers celebrating their (albeit reduced) bonuses. The menu – which included royal sevruga caviar, lobster linguini flavoured with 40-year-old Armagnac, grilled [...]
DEUTSCHE KEEPS ITS MAN June 7, 2009 DEUTSCHE Bank’s star performer Anshu Jain has pledged his loyalty to the bank, despite rumours of a summer move to either Citigroup or Barclays. Jain, who has also advised the government on the financial crisis, is believed to be Deutsche’s top earner and was recently elevated to the bank’s board. He was thought to have [...]
Sterling falls on political uncertainty June 7, 2009 WITH all the uncertainty going on in Downing Street, economists and currency experts have been trying to predict what it all means for the value of sterling over the next few months. “The situation means that the investors are a bit more worried and so they’re less likely to buy British assets, which will have [...]