Stupid policies have destroyed Eire November 8, 2010 IT is starting to look truly grim for Ireland, which is moving ever closer to the abyss. An article yesterday by Morgan Kelly, a professor of economics at University College, Dublin, added fuel to the fire. By next year Ireland will have run out of cash, Kelly claimed, and the terms of a formal bailout [...]
Stupid policies have destroyed Eire November 8, 2010 IT is starting to look truly grim for Ireland, which is moving ever closer to the abyss. An article yesterday by Morgan Kelly, a professor of economics at University College, Dublin, added fuel to the fire. By next year Ireland will have run out of cash, Kelly claimed, and the terms of a formal bailout [...]
A BETTER WAY TO PLAY THE POUND RALLY October 26, 2010 DIRECTOR OF CURRENCY RESEARCH, GFT YESTERDAY’S UK GDP data must have impressed even the most ardent cable bulls after it came in at twice the market consensus, increasing to 0.8 per cent versus 0.4 per cent expected. Growth was strong across the board and overall, the third quarter GDP grew at 2.8 per cent on [...]
Consortium becomes third-biggest UK rolling stock leasing company November 4, 2010 A CONSORTIUM made up of investment bank Morgan Stanley and private equity houses 3i Infrastructure and Star Capital has bought HSBC’s train rolling stock unit, Eversholt Rail Group, for £2.1bn. The deal took five months of talks before it came to fruition. The new consortium, which is named Eversholt Investment Group, immediately becomes one of [...]
Consortium becomes third-biggest UK rolling stock leasing company November 4, 2010 A CONSORTIUM made up of investment bank Morgan Stanley and private equity houses 3i Infrastructure and Star Capital has bought HSBC’s train rolling stock unit, Eversholt Rail Group, for £2.1bn. The deal took five months of talks before it came to fruition. The new consortium, which is named Eversholt Investment Group, immediately becomes one of [...]
WHAT THE OTHER PAPERS SAY THIS MORNING November 30, 2010 FINANCIAL TIMES KPMG HIRES NON-EXECUTIVE DIRECTORS FOR NEW OVERSIGHT BODY KPMG Europe has hired three non-executive directors to sit on a new oversight body in a move that highlights the differing ways big audit firms are complying with regulatory changes in the UK. The directors are: Sir Steve Robson, a retired senior civil servant at [...]
Set your trades on firm foundations September 19, 2010 HOUSE asking prices fell again today, dropping by 1.1 per cent – that is £2,474 – over two points in the house price spread better’s mind. But those tempted by the news on page one should not rush into a trade before taking a moment to contemplate the make up of the index. Today’s figures [...]
ANALYST VIEWS: HOW SIGNIFICANT ARE THE CML LENDING FIGURES ? September 20, 2010 ALAN CLARKE | UK ECONOMIST, BNP PARIBAS I think the housing market is going from bad to worse. We are seeing confirmation that we are already in a double dip recession for housing, and are going to see falling property prices over the next six months. GEORGE BUCKLEY| UK ECONOMIST, DEUTSCHE BANK We are seeing [...]
British economy has come a long way November 29, 2010 IT is amazing how narrow our escape from disaster has been. Yesterday, on a day when the markets continued to worry about the Eurozone, the Office for Budget Responsibility’s long awaited forecasts were reassuringly benign. Unexciting, sure, and an exercise in sophisticated guesswork, evidently, but that was exactly what the doctor ordered. A year ago, [...]
British economy has come a long way November 29, 2010 IT is amazing how narrow our escape from disaster has been. Yesterday, on a day when the markets continued to worry about the Eurozone, the Office for Budget Responsibility’s long awaited forecasts were reassuringly benign. Unexciting, sure, and an exercise in sophisticated guesswork, evidently, but that was exactly what the doctor ordered. A year ago, [...]