WHAT THE OTHER PAPERS SAY THIS MORNING January 11, 2012 FINANCIAL TIMES BANK OFFERS TRADES FOR EUROZONE SHORTING Credit Suisse is offering its hedge fund clients off-the-shelf products that allow traders to replicate hypothetical gains made by betting against European stock indices that include equities covered by Eurozone short selling bans. The bank has made five shortable baskets “optimised” to track leading European indices as [...]
WHAT THE OTHER PAPERS SAY THIS MORNING January 5, 2012 FINANCIAL TIMES NEW CLASHES BREW OVER TOBIN TAX Britain and France are set for another European clash as Paris attempts to frame a new Eurozone financial transaction tax in a way that is likely to have a significant impact on the City of London. President Nicolas Sarkozy of France wants to include the so-called Tobin [...]
George Osborne has to hold his nerve – the UK economy needs vision, not populism November 21, 2011 EVERY day the pressure grows for the government to do something about growth. Usually this translates into calls for more borrowing and spending, special rules for struggling businesses, or other eye-catching initiatives. The government should resist. Recent history has taught us such quick wins often end up being own goals. They make the business environment [...]
George Osborne has to hold his nerve – the UK economy needs vision, not populism November 21, 2011 EVERY day the pressure grows for the government to do something about growth. Usually this translates into calls for more borrowing and spending, special rules for struggling businesses, or other eye-catching initiatives. The government should resist. Recent history has taught us such quick wins often end up being own goals. They make the business environment [...]
British Land signs first tenant for Cheesegrater as profits increase November 15, 2011 PROPERTY developer British Land has formally signed a pre-let agreement with insurance broker Aon to lease a third of its Leadenhall building, nicknamed the Cheesegrater, in the City. Aon will take 191,000 square feet over 10 floors of the 47-floor skyscraper – due to be completed mid-2014 – paying on average £56.60 per square foot [...]
Patron saint of retailers says co-ops won’t work for everyone January 29, 2012 RESPONSIBLE Capitalism. Moral Markets. Whatever you call it, the debate raging around executive pay and “predator” business shows no sign of dying down. All political parties have tried to claim the issue as their own, but they have struggled to articulate what a fairer form of capitalism might look like. Enter John Lewis, the patron [...]
Construction activity at ten-month low in September October 4, 2011 Construction activity stagnated in September after contraction in the home-building and civil engineering sectors, a survey of purchasing managers showed on Tuesday. The Markit/CIPS construction PMI headline activity index fell sharply to 50.1 in September from 52.6 in August, its lowest reading since a contraction in December 2010. The weak construction figures contrast with surprisingly [...]
Time to reach for the stars: Britain’s new space industry has the potential to blast off November 2, 2011 SIR RICHARD Branson opened the world’s first commercial spaceport last month. As his new venture Virgin Galactic recognises, space is an industry where the sky’s not the limit. For too long the domain of superpower rivalry between America’s Nasa and Russia’s Federal Space Agency, space is now giving way to the private sector, funded by [...]
CBI says 8,000 City jobs will be lost by the end of 2011 as costs are cut October 2, 2011 THOUSANDS of jobs are expected to go in UK financial services as the sector looks to cut costs, according to a report out today from the Confederation of British Industry (CBI) and PwC. Investment managers, insurers, banks and traders are all expected to cut jobs, the survey found, with the employment outlook only improving in [...]
CBI says 8,000 City jobs will be lost by the end of 2011 as costs are cut October 2, 2011 THOUSANDS of jobs are expected to go in UK financial services as the sector looks to cut costs, according to a report out today from the Confederation of British Industry (CBI) and PwC. Investment managers, insurers, banks and traders are all expected to cut jobs, the survey found, with the employment outlook only improving in [...]