SPITALFIELDS MARKET: SEEKING OZ CLARKE OF THE REAL ALE SCENE May 12, 2010 REMEMBER that cushy job as a caretaker of a desert island that caused such a stir when it was advertised a year or so back? Well, The Capitalist might just have discovered an even more covetable role – at least for the beer-loving socialites of the City. Old Spitalfields Market is looking for someone to [...]
Darling prepares for last throw of the dice March 23, 2010 PUBLIC FINANCES/ECONOMICS l Darling is expected to stand by his growth forecasts of between 1 and 1.5 per cent this for year. In 2011, he expects the economy to grow between 3.25 and 3.75 per cent. Public sector net borrowing will come in around £10bn lower than the chancellor’s £178bn forecast, although it is still [...]
Diversity is a great asset if managed properly February 15, 2010 Love means never having to say you’re sorry. Or so the 1970s film Love Story, starring Ali MacGraw and Ryan O’Neil, famously claimed. I never agreed with that sentiment then – and I still do not today. Valentine’s Day on Sunday got me thinking about how important what you actually say is. For us Yanks [...]
CITY MOVES WHO’S SWITCHING JOBS September 17, 2009 Virgin MediaThe media group has appointed Eamonn O’Hare, previously UK finance director of supermarket giant Tesco, as its new chief financial officer. O’Hare, who will assume his new role in November, has been at Tesco for the past four years. Prior to that, he played a key role in the turnaround of Energis, where he [...]
Obama’s healthcare bill will not boost drugs sector March 22, 2010 THE US House of Representatives’ approval of the long-awaited and highly contentious Healthcare Reform Bill leaves final ratification to the Senate. Importantly, although costly ($940bn, or £623bn, over 10 years), the key provisions contained within the Reform Bill are not scheduled to become effective until 2014 and between now and then additional regulations will be [...]
Supermarkets to dominate this week October 4, 2009 It’s off to the supermarket this week, with Tesco and J Sainsbury both due to give investors a taste of how the year is shaping up. Tesco reports its interims tomorrow, which will include Tesco Personal Finance (TPF) as a consolidated entity for the first time. UBS expects the chain to indicate that it is [...]
Stronger growth won’t save Labour April 7, 2010 IT beggars belief that the government is continuing to fight for higher national insurance contributions. Contrary to what their name suggests, these are merely another form of income tax (albeit of a stealth kind which allows the state to pretend that direct taxes are much lower than they really are); the money raised is thrown [...]
WHAT THE OTHER PAPERS SAY THIS MORNING April 11, 2010 FINANCIAL TIMES TOTAL CHIEF STILL KEEN ON UAE DESPITE SETBACKS Total, the French oil company, is looking to invest in the United Arab Emirates’ nuclear industry despite having been part of a consortium that lost the $20.4bn contract to build the country’s reactors. The loss to a Korean consortium, led by Korea Electric Power Corp [...]
US consumer woes offset housing cheer September 29, 2009 HOUSE prices in America rose for a third month in July, but consumer confidence fell unexpectedly in September as the worst job market in 26 years fuelled worries about personal finances on the other side of the Atlantic, data showed yesterday. The data indicates the economic rebound is still in its early days following the [...]
US consumer woes offset housing cheer September 29, 2009 HOUSE prices in America rose for a third month in July, but consumer confidence fell unexpectedly in September as the worst job market in 26 years fuelled worries about personal finances on the other side of the Atlantic, data showed yesterday. The data indicates the economic rebound is still in its early days following the [...]