Pensions group warns new EU rules may force schemes to shut December 16, 2012 BRITISH companies may have to stop offering final-salary linked pensions because of the cost of applying proposed European rules, an industry lobby group said. The proposed regime would force firms to find an extra £300bn to strengthen their pension pots, the National Association of Pension Funds (NAPF) said in a report out today, arguing this [...]
Ukip jumps to third place in popularity December 16, 2012 Ukip, the Eurosceptic party lead by Nigel Farage, has scored a record poll rating and overtaken the Liberal Democrats in three surveys over the weekend. The Survation poll for the Mail on Sunday, the ComRes poll for The Independent on Sunday and The Sunday Mirror and the Opinium poll for The Observer all gave Ukip [...]
Citi deal gossip trades too fast for Tradable December 16, 2012 READERS may remember The Capitalist reported not so long ago on Jannick Malling, the young founder of online trading platform Tradable, who picked up a gong for Most Innovative Financial Company at the Forex Magnates Summit last month. It seems that good news travels fast – word of Malling and Tradable’s award success had spread [...]
City scribbler aims to make a killing with thriller for charity December 16, 2012 THIS evening sees the launch of Michael Crawshaw’s thriller novel To Make A Killing, at the London Capital Club. Crawshaw has previously worked as head of European research at Citigroup and head of research at Schroders. However he has penned his debut Cit-lit to raise money for Joanna Lumley-backed charity Hands Together. The prime suspect [...]
Why football cannot ignore Europe’s new rules December 16, 2012 FOR those who aspire to be the next Sir Alex Ferguson, the Premier League’s fantasy football game offers the chance to build your own squad on a budget of £100m. Each fantasy manager has equally sized pockets, so the playing field is level. Thus, competition is fierce. Compare Premier League reality, where the elite maintain [...]
Steep dive for house prices in December lull December 16, 2012 ASKING PRICES suffered their biggest December drop on record this year, data from Rightmove revealed this morning. Asking prices collapsed 3.3 per cent in just a month across the UK, with London seeing a four per cent dive. The tumble is the steepest December decline since Rightmove began its survey a decade ago, outstripping the [...]
Saga says inflation has slashed older people’s incomes most December 16, 2012 THE TOTAL increase in the prices of the basket of goods bought by over 65s has outstripped official inflation in the past five years, according to data out today. Over 50s have faced 2.5 percentage points more total inflation since September 2007, data from Saga and the Centre for Economics and Business Research claimed yesterday. [...]
Boost for employment as more firms get back to full strength December 16, 2012 MORE FIRMS than at any time in the past three years are back to pre-recession hiring practices, according to a survey out this morning. Sixty-one per cent of firms told a survey from the Confederation of British Industry and KPMG that they were hiring in a way that would have been normal before the onset [...]
City Moves | Who’s switching jobs December 16, 2012 Ashcourt Rowan Emily Morris has been appointed group head of marketing at the wealth management company. She has held a number of senior marketing roles in similar firms, and was marketing director at Rathbone Brothers for six years. Morris has additionally worked for Barclays Wealth. Peverel Group The property services group has appointed Nigel Howell [...]
Best of the Brokers December 16, 2012 ANGLO AMERICAN UBS has cut the miner from “buy” to “neutral”, and reduced its target price from 2150p to 1860p, with “heightened South Africa risk” one of the causes for a downgrade. WM MORRISON Supermarket Morrisons was downgraded by Deutsche Bank to “hold”, with a target price cut to 258p from 320p, causing the firm [...]