City Moves for 14 January 2013 | Who’s switching jobs January 13, 2013 Legal & General Alex Gipson has been appointed as a loans originator and underwriter in Legal & General’s commercial lending team. He joins from RBS, where he worked for 27 years. Gipson was most recently director of housing finance within RBS’s structured finance team. He is a social housing expert, and has worked on numerous [...]
Forget Italy: Fiscal union is unlikely to mend the euro’s defective heart February 27, 2013 WHEN the European Central Bank announced last year that it would do “whatever it takes” to save the euro, many assumed the crisis was over. This week’s Italian election has already shown that an unexpected event could easily throw off balance Europe’s preferred solution. But there is a more important issue at stake. The Eurozone [...]
The ideas emerging from Lib Dem conference dissolve under scrutiny September 24, 2012 SOMETIMES, it’s hard not to feel rather sorry for the Liberal Democrats. After the public relations disaster of Nick Clegg’s toe-curling apology on tuition fees last week, the party faithful have gathered in Brighton only to be battered by violent storms. The Lib Dem leadership was hoping to pilot a course to sunnier political climes [...]
No Stone unturned by housebuilding boss February 13, 2013 STEPHEN Stone was a happy man yesterday. But he was, after a gruelling round of presentations, also a man with a gravelly sounding voice. The chief executive of Crest Nicholson since 2005, Stone is the first person to lead a company to a main stock market listing in London this year and that’s required a [...]
Crest Nicholson hails a jubilant market return February 13, 2013 CREST NICHOLSON made a successful return to the stock market yesterday, after the 50-year old British housebuilder completed a listing which valued it at £553m. The company, taken private by Scottish entrepreneur Tom Hunter at the height of the housing bubble in 2007, priced its shares at 220p, the upper half of its original range. [...]
Work placements for the unemployed make a lot of sense February 12, 2013 UNEMPLOYMENT remains obscenely high in today’s stagnant Britain, and far too many people – young and old – have been on the dole or on other out of work benefits for far too long. Anything that allows them to break out of their present predicament should be welcome. The government should be able to ask [...]
Improved outlook rouses investors January 14, 2013 US housing revival could give boost to sales of associated products WE’RE off to a flying start. The first full week of trading in 2013 saw US equity funds attract $18.3bn (£11.4bn). This was, according to Thomson Reuters’s Lipper service, the fourth best-performing week for net inflows to equity funds since records began. For the [...]
Britain’s Facebook is already here but we lack the tools to identify it February 18, 2013 IT’S been described as “the $4.2 trillion (£2.7 trillion) opportunity”. According to the Boston Consulting Group, there will be 3bn internet users globally by 2016. If it were a nation, the internet-based economy would rank in the world’s top five. And the UK sits at the forefront, with 8.3 per cent of GDP now online [...]
US growth falls off a cliff again January 30, 2013 THE US economy shrank unexpectedly in the final three months of 2012, official figures showed yesterday, taking markets and analysts by surprise. Ben Bernanke at the Federal Reserve responded by holding interest rates at record lows and continuing to print $85bn (£53.8bn) a month to buy government bonds and mortgage backed securities. Stocks dipped on [...]
US web ad firm to raise £12.5m in London IPO February 4, 2013 A US online advertising company will today announce plans to raise up to £12.5m on London’s Alternative Investment Market (Aim) as a springboard for expansion into Europe. Digital Global Services (DGS), which buys advertising space on search engines and Facebook for telecoms companies, is looking to float in mid-February despite not yet having a presence [...]