FTSE rises as investors shift gaze from Eurozone to China January 16, 2012 BRITAIN’S top shares rose yesterday, led by miners, as investors’ attention shifted from the Euro zone debt crisis towards economic data from China. Mining stocks tracked metals prices higher as markets eyed a batch of Chinese data due today, including GDP and industrial production, for further clues on the outlook for demand. “There’s a perception [...]
FTSE rises as investors shift gaze from Eurozone to China January 16, 2012 BRITAIN’S top shares rose yesterday, led by miners, as investors’ attention shifted from the Euro zone debt crisis towards economic data from China. Mining stocks tracked metals prices higher as markets eyed a batch of Chinese data due today, including GDP and industrial production, for further clues on the outlook for demand. “There’s a perception [...]
Building societies hit back over ratings downgrade October 9, 2011 BUILDING societies have hit back after some of the sector’s smaller players came off worst in a mass downgrade of British lenders. The Building Societies Association said the verdict by Moody’s, as part of a downgrade of 12 British institutions, reflected the removal of an implicit guarantee of Treasury support for mutuals in the event [...]
City A.M.’s at-a-glance guide to the key points of Osborne’s mini-Budget November 29, 2011 UK ECONOMIC OUTLOOK • The Office for Budget Responsibility (OBR) has slashed the growth forecasts it made in March. • Its central forecast for 2011 has been revised down to 0.9 per cent from the 1.7 per cent March prediction. It expects 0.7 per cent year-on-year GDP growth in 2012, instead of 2.5 per cent. [...]
City A.M.’s at-a-glance guide to the key points of Osborne’s mini-Budget November 29, 2011 UK ECONOMIC OUTLOOK • The Office for Budget Responsibility (OBR) has slashed the growth forecasts it made in March. • Its central forecast for 2011 has been revised down to 0.9 per cent from the 1.7 per cent March prediction. It expects 0.7 per cent year-on-year GDP growth in 2012, instead of 2.5 per cent. [...]
Law firms jump the fences in a quest for capital January 19, 2012 EARLIER this week, law firm Irwin Mitchell hired Glyn Barker as its chairman designate. Barker, a 30-year veteran of PwC, built the accountancy giant’s private equity practice and was its vice chairman until the end of last month. In the corporate world, cross-hiring between industries is common – take Chris Grigg’s sideways jump from Barclays [...]
Law firms jump the fences in a quest for capital January 19, 2012 EARLIER this week, law firm Irwin Mitchell hired Glyn Barker as its chairman designate. Barker, a 30-year veteran of PwC, built the accountancy giant’s private equity practice and was its vice chairman until the end of last month. In the corporate world, cross-hiring between industries is common – take Chris Grigg’s sideways jump from Barclays [...]
PROPERTY NEWS November 10, 2011 BABY NUMBER TWO IS VERY EXPENSIVE A new HSBC survey found that London is the most expensive place to house a second child. The average additional cost of baby number two nears £60,000. The average property upgrade typically needed to house a second child is 38 per cent, 1.6 times the UK’s annual household income. [...]
Change in way ONS collects data could have skewed GDP figures May 8, 2011 THE Office for National Statistics (ONS) will look into claims that changes to its data collection methods may have skewed output figures for the building sector. Construction executives say the changes led companies to submit business data from six weeks earlier, rather than only during that month. The shift could mean GDP was overestimated towards [...]
Banks hit by Vickers as North Korean leader dies December 19, 2011 The FTSE 100 was solid this morning but the festering Eurozone crisis continued to sap confidence in riskier assets and banks were down as the government confirmed that they would be hit with the full impact of the Vickers Report. But the agenda was dominated by the death of North Korean leader Kim Jong-il, sparking [...]