Give your finances a spring clean: A guide to tidying up all the mess April 1, 2012 SAVINGS Tom Stevenson, investment director, Fidelity WITH a new tax year approaching, the sun shining and a string of bank holidays ahead, spring is certainly in the air. Now is the perfect time for you to take control of your savings. The first step of any spring clean should be ensuring that your money is [...]
The Mitie boss who says board quotas are not the answer March 25, 2012 HOW many FTSE 250 bosses are on Twitter? Before I met Ruby McGregor-Smith, the chief executive of outsourcer Mitie, I would have confidently said the number was zero. But then @RubyMS, as she is known to those who follow her tweets, is not your average chief executive. Asian, female and under 50 years old, she [...]
Osborne to find cash for UK builders November 27, 2011 TOMORROW, George Osborne will deliver his Autumn Statement, supposedly focusing on economic growth. There will also be fresh data on government finances from the Office of Budget Responsibility. The statement is likely to contain a mixture of bad news for taxpayers as well as government subsidy for pet ideas. It is unlikely to contain anything [...]
WHAT THE OTHER PAPERS SAY THIS MORNING February 8, 2012 FINANCIAL TIMES BROKERS SUSPENDED IN LIBOR INQUIRY More than a dozen traders and brokers in London and Asia have been fired, suspended or put on leave by their employers as a multinational probe into alleged manipulation of crucial global lending rates accelerates. Regulators have been investigating US and European banks that help set interbank lending [...]
Three expert insights on how to invest in 2012 January 4, 2012 ALLOCATING ASSETS WILL BE DIFFICULT TOM STEVENSON FIDELITY WORLDWIDE INVESTMENT THE nervous tone of early trading in 2012 has carried on where it left off at the end of a year that investors will gladly forget. An initial rally has soon run out of steam as European bond yields rise again and everyone remembers that [...]
Chair role for ex-FSA chief June 19, 2011 FORMER Financial Services Authority (FSA) chairman Sir Callum McCarthy has thrown his weight behind a new mortgage business. Sir Callum is to become the chairman of Castle Trust, a new mortgage firm. He will be joined on the board by a star-studded list of City names, including Lord Deben, the chairman of the Association of [...]
Bank to press on despite EU legal threat December 20, 2011 EUROPEAN law continues to pose an existential threat to Britain’s overhaul of its regulatory system but UK authorities are determined to press on regardless, a paper by the Bank of England and FSA said yesterday. The paper said that new powers to be wielded by the Financial Policy Committee (FPC) will “be confined to areas [...]
Rolls Building will rule the world undisputed December 11, 2011 IT WILL take some time for the full implications of last week’s EU Summit to become clear. For my part, I will spend much of today in discussion with UK-based EU ambassadors at the Polish presidency’s conference on financial stability and growth, which takes place at the Mansion House. My recent discussions with leading practitioners [...]
LSE buys FTSE to win control of key assets December 12, 2011 THE London Stock Exchange took total control of stock index provider FTSE International yesterday, by buying Pearson’s 50 per cent stake for £450m. The move cements the LSE’s hold over the FTSE’s 200,000 indices and global, high growth trajectory. It also puts it in control of a critical piece of trading infrastructure as it seeks [...]
LSE buys FTSE to win control of key assets December 12, 2011 THE London Stock Exchange took total control of stock index provider FTSE International yesterday, by buying Pearson’s 50 per cent stake for £450m. The move cements the LSE’s hold over the FTSE’s 200,000 indices and global, high growth trajectory. It also puts it in control of a critical piece of trading infrastructure as it seeks [...]