WHAT IS YOUR OUTLOOK FOR THE HOUSEBUILDING SECTOR? September 14, 2011 CHRIS MILLINGTON | NUMIS The housing sector, at such a low level of activity, is showing a remarkable level of resilience. If we don’t get an interest rate rise it is very unlikely that we will see a big onset of foresellers in the market — so if that is the case, I think pricing [...]
The City’s young and politically active November 16, 2011 CV | SOPHIE FERNANDES, AGE 29 Work: I’m an account manager for an independent communications agency. I look after a mixture of private sector corporate, trade association and public sector clients. Previously, I worked for the Institute of Directors in the Policy Unit. Became common councilman because:I wanted to be directly involved in local democracy [...]
The City’s young and politically active November 16, 2011 CV | SOPHIE FERNANDES, AGE 29 Work: I’m an account manager for an independent communications agency. I look after a mixture of private sector corporate, trade association and public sector clients. Previously, I worked for the Institute of Directors in the Policy Unit. Became common councilman because:I wanted to be directly involved in local democracy [...]
BEST OF THE BROKERS March 20, 2011 TAYLOR WIMPEY Deutsche Bank rates the housebuilder “buy” with a target price of 53p. The broker says in its review of the UK building sector that the firm’s recent mortgage deals with 95 per cent loan to value could pave the way for others, easing lending conditions for buyers this year. LEGAL & GENERAL Standard [...]
ECB to resist rates cut this month but cave in October September 27, 2011 THE European Central Bank (ECB) will probably resist growing calls for it to slash interest rates next week, although a stalled Eurozone economy will force the bank to cut them early next year, according to an influential poll of economists. The escalating debt crisis and new signs that the economy has taken a turn for [...]
CITY MOVES | WHO’S SWITCHING JOBS November 1, 2011 Marsh The insurance broker and risk adviser has appointed David Batchelor as head of its international division, comprising all operations outside North America. Batchelor, who will relocate to New York from London early next year, will remain chief executive of Marsh’s EMEA region throughout 2011. Batchelor began his career in 1976 at Bowring, which was [...]
The Vickers Report got the causes of the crisis wrong: Its solutions are wrong too November 16, 2011 THE Independent Commission on Banking (ICB) misdiagnosed the causes of the banking crisis, and its prescriptions are therefore equally wrong. That is the blunt message of a report and briefing paper that Miles Saltiel and I are publishing today with the Adam Smith Institute. And yet – there is some merit in the idea of [...]
Consumer confidence hits four-month low September 21, 2011 Consumer confidence slipped to a four-month low in August as the economy remained in the doldrums, the monthly Nationwide survey showed – though the building society said it was a relief that the drop was not bigger. Many big English cities were hit by their worst rioting in decades last month, and global economic uncertainty [...]
US factory output and hiring increase October 3, 2011 Production at US factories rose at a faster-than-expected pace in September and companies hired more staff, data has shown, adding to hopes the US economy should escape recession. The Institute for Supply Management has said its index of national factory activity rose to 51.6 last month from 50.6 in August, in the 26th consecutive month [...]
Chance of euro deal lifts markets October 24, 2011 HOPE that Eurozone leaders would successfully put together a rescue plan pushed global stocks to a seven week high yesterday. Leaders failed to put together a plan to recapitalise banks, build a “firewall” around at-risk sovereigns and resolve the Greek crisis by Sunday’s summit, but the governments appear to be inching their way towards agreements [...]