Buoyant central London is in an economic world of its own December 10, 2012 IF you work or live in central London, you could be forgiven for not believing that the UK remains stuck in a nasty stagnation, let alone at risk of a triple-dip recession, as Vince Cable intimated yesterday. The shops are full, the tubes jam-packed and new skyscrapers are being built; Fortnum and Mason, the department [...]
US home sales slip lower in August despite upward trend September 26, 2012 US NEW home sales slipped slightly in August, data revealed yesterday, but not enough to dent the strong recovery. Sales of new single-family homes were 373,000 in August, on the headline adjusted measure, down 0.3 per cent on the revised July figure. Despite this monthly slip, sales were still some 81,000 – or 27.7 per [...]
Private equity firm puts online travel agency up for £100m sale November 4, 2012 ON THE Beach, the online travel business that specialises in holidays by the sea, has been put up for sale by its owners for £100m. Private equity group Isis is close to hiring DC Advisory, the corporate finance advisory firm, to search for a new investor, The Sunday Times reported. Analysts have said the website [...]
Cameron seeks action on firms that avoid UK corporation tax October 24, 2012 DAVID Cameron yesterday told the House of Commons that he was “not happy” with the level of corporate tax avoidance in the UK and urged HMRC to re-examine the current situation. His comments follow a spate of reports that high-profile firms – such as eBay, Facebook and Google – pay little UK corporation tax. “This [...]
Cameron seeks action on firms that avoid UK corporation tax October 24, 2012 DAVID Cameron yesterday told the House of Commons that he was “not happy” with the level of corporate tax avoidance in the UK and urged HMRC to re-examine the current situation. His comments follow a spate of reports that high-profile firms – such as eBay, Facebook and Google – pay little UK corporation tax. “This [...]
Cameron hints at end to recession October 24, 2012 DAVID Cameron yesterday told the House of Commons that more “good news” is on the way, leading to speculation that today’s third-quarter growth figures will show Britain has exited recession. During a row with Labour leader Ed Miliband at Prime Minister’s Questions, Cameron boasted of recent falls in unemployment and inflation before declaring “the good [...]
Bargains bring home the bacon but bite into profits December 9, 2012 AS DECENT numbers for Nando’s reveal the chain moved into profit last year after three in the red, the cheaper end of the restaurant sector may be turning a corner. The latest figures from BDO indicate that operators including the Restaurant Group and JD Wetherspoon have seen an upturn in trade in September and October. [...]
Quilter bolts on Cheviot Asset Management November 13, 2012 PRIVATE equity owned wealth manager Quilter yesterday confirmed it had bought investment firm Cheviot Asset Management to create one of the biggest independently owned wealth managers in the UK. Quilter, owned by mid market European private equity firm Bridgepoint, will acquire Cheviot using cash provided by Bridgepoint. The amount paid for the firm was not [...]
FTSE hits highest level in 17 months as smashes through 6,000 barrier January 2, 2013 BRITAIN’S top share index raced through the 6,000 level for the first time in 17 months yesterday boosted by a last-minute budget deal in the United States and solid global PMI data. London’s blue chip index closed up 129.56 points, or 2.2 per cent at 6,027.37, bettering the average return on the first day of [...]
Jobs of the week October 31, 2012 GLOBAL EQUITY SALES SPECIALIST LONDON £150k-£250k pa, plus bonus An independent private equity house is looking for a global equities specialist. This is a high-level position and only experienced candidates need apply. http://jobs.cityam.com/job/5600 CAPITAL MARKETS INTERNAL AUDITOR LONDON £55k-£70k pa A major investment bank seeks a senior manager to join its rates and credit internal [...]