FORMULA ONE CHIEF UNLEASHES TAX FURY July 7, 2010 WITH all the hubbub about capital gains tax rates in the run-up to the recent Budget, investors are no stranger to vituperative attacks on their profits, but it does come as a surprise when the abuse comes from someone who’s supposed to be on their own side. The latest high-profile character to get vocal about [...]
Nobody should ever be bailed out again December 15, 2009 CAPITALISM only really works when success is rewarded and failure punished. So as the New Year approaches, here is a radical suggestion: let us usher in a new era of personal responsibility. Let 2010 be a year of no bailouts, no handouts, no bleating and no more blaming everybody else for one’s own mistakes. This [...]
Ex-trader on FSA insider deal charges April 28, 2010 A former hedge fund trader yesterday become the latest victim of the Financial Services Authority (FSA) clampdown on insider trading. Anjam Ahmad, has been charged with conspiracy to commit insider dealing relating to allegations of trading in 22 different shares between June and August 2009. It is alleged he made trades while in possession of [...]
At a glance: All the crucial points from Osborne’s emergency Budget June 22, 2010 THE ECONOMY/PUBLIC FINANCES • The Office for Budget Responsibility (OBR) published fresh forecasts in light of the measures announced yesterday by chancellor George Osborne. • GDP growth will be 1.2 per cent in 2010, accelerating to 2.3 per cent in 2011, 2.8 per cent in 2012 and 2.9 per cent in 2013. The pace of [...]
At a glance: All the crucial points from Osborne’s emergency Budget June 22, 2010 THE ECONOMY/PUBLIC FINANCES • The Office for Budget Responsibility (OBR) published fresh forecasts in light of the measures announced yesterday by chancellor George Osborne. • GDP growth will be 1.2 per cent in 2010, accelerating to 2.3 per cent in 2011, 2.8 per cent in 2012 and 2.9 per cent in 2013. The pace of [...]
UK consumers at most confident in nine months October 29, 2009 BRITISH consumers are now at their most confident since January 2008, showing a steady rise in optimism, according to the latest GfK/NOP consumer confidence survey. The index rose three points to -13 and confidence in the general economy over the past 12 months jumped 10 points, but is still low, at -53. However, consumers’ confidence [...]
UK consumers at most confident in nine months October 29, 2009 BRITISH consumers are now at their most confident since January 2008, showing a steady rise in optimism, according to the latest GfK/NOP consumer confidence survey. The index rose three points to -13 and confidence in the general economy over the past 12 months jumped 10 points, but is still low, at -53. However, consumers’ confidence [...]
Coalition must listen to City on CGT May 27, 2010 IT is not often that a major City institution is willing to go on the record with its opposition to a key government policy – usually, the big firms hide behind off-the-record briefings or industry lobby groups. So kudos to Fidelity, the fund manager, for yesterday demolishing so eloquently the coalition government’s plan to hammer [...]
Coalition must listen to City on CGT May 27, 2010 IT is not often that a major City institution is willing to go on the record with its opposition to a key government policy – usually, the big firms hide behind off-the-record briefings or industry lobby groups. So kudos to Fidelity, the fund manager, for yesterday demolishing so eloquently the coalition government’s plan to hammer [...]
The right advisory team makes the difference May 13, 2010 PRUDENTIAL’S clumsy attempts to raise $21bn (£14.3bn) to part-finance a planned acquisition of Asian insurer AIA have lurched from one embarrassing stumbling block to another. But could the process have gone more smoothly if a different mix of advisers had been assembled? Any business thinking about selling a company, buying a competitor or raising capital [...]