January 2013 Archive
Barclays boss Jenkins in line for £1m bonusAs the UK banker bonus season kicks off Barclays are courting controversy by considering awarding new chief executive Antony Jenkins a £1 million bonus. |
FTSE 100 moves above 6,300 for first time since May 2008The FTSE 100 broke the 6,300 mark for the first time in nearly five years today, continuing its bright start to the year that has seen the index rise by 6.7 per cent in January. |
FTSE 100 firms plan to curb bonuses and executive payNew research from PwC suggests that the majority of FTSE 100 firms are planning to cut or freeze executive pay in this years round of bonuses |
Court denies Barclays anonymity request over Libor caseHigh profile names at Barclays including former chief executive Bob Diamond have been denied anonymity at a forthcoming trial over the mis-selling of interest swap rates linked to Libor. |
Osborne needs to shift emphasis from austerity, says IMF chiefThe Chief Economist at the International Monetary Fund, Oliver Blanchard says that George Osborne should use the budget in March to change tack from austerity to growth. |
IMF says global growth linked to eurozone revivalIn its latest World Economic Outlook report the International Monetary Fund has cut the growth forecasts for most western economies and says the eurozone is heading back into recession. |
Snow disruption raises risk that UK is heading for triple-dipGDP figures for the fourth quarter of 2012 are published this week with analysts expecting a small contraction and snow is disrupting the economy posing a triple-dip threat. |
ITEM Club says UK lacks vision of US to create economic growthIn its winter forecast the ITEM Club says the coalition could do better and the central bank lacks the vision of the US Federal Reserve to create conditions for growth. |
Goldman Sachs UK employees receive average bonus of £250,000US investment bank Goldman Sachs has kicked off the reporting season posting increased profits that means each employee will receive an average of £250,000 each. |
World Bank warns global economy will be flat in 2013The World Bank says that the global economy will grow by 2.4 per cent in 2013 but warns that weak performance in high income western countries is hampering the progress of emerging economies. |
Goldman Sachs cancels staff bonus tax avoidance planThe Governor of the Bank of England, Sir Mervyn King has described the plan to save tax on bonus payments being considered by Goldman Sachs as depressing. |
4000 jobs in jeopardy as HMV calls in administratorsHMV, the high street entertainment retailer has decided to call in administrators Deloitte putting 4000 jobs at risk as trading is suspended on its shares. |
Goldman Sachs plans to delay bonus payments to save taxThis year's controversial banker bonus season starts with the news that Goldman Sachs is considering delaying the payment of bonuses until the next year so employees can pay less tax. |
Tax rate paid by FTSE 100 firms drops for 4th year in a rowNew research suggests that the effective rate of corporate tax paid by FTSE 100 firms has dropped from 38.5 per cent in 2009 to just 24.5 per cent today. |
Two tips for successful forex tradingBy understanding the relationship between currency pairs and knowing what political and economic events impact on their value a trader has a better chance of making profits. |
NIESR predicts GDP fall as triple-dip recession loomsThe National Institute of Economic and Social Research says that the UK economy is likely to have contracted by 0.3 per cent in the final three months of 2012. |
Trade deficit narrows to £3.5 billion in NovemberThe gap between imports and exports narrowed by £0.2 billion in November> It was £3.7 billion, slightly less than in October when the trade deficit was £3.7 billion. |
Unit Trusts vs Investment Trusts – What are the options?Charles Roberts is a UK based IFA who writes for various journals and publications. He recommends choosing an ISA as it is perfect for putting away a lump sum, tax free. |
EC President Barroso claims "threat to euro is over"The President of the European Commission, Jose Manuel Barroso has said that he believes the threat to the single currency is over. |
BCC says triple-dip fears don't tally with firms upbeat moodThe British Chamber of Commerce has surveyed 7,662 UK businesses who report an upbeat mood that challenges concerns about a triple-dip recession and questions official GDP figures. |
Deloitte survey shows UK finance bosses confident about 2013A new survey of CFO's shows UK businesses are confident going into 2013 but believe government could do more to create an environment for businesses to flourish. |
Drop in service sector activity points to triple-dip recessionActivity in the dominant services sector dipped for the first time since December 2010 raising the likelihood that GDP fell in the final quarter of 2012. |
What markets will provide investment winners for 2013?As we head into a New Year we take a look at the expert predictions for what areas will provide likely success in the stock market over the next 12 months. |
IPPR: Economic uncertainty could make 2013 a "groundhog year"The Institute for Public Policy Research has published a bleak prognosis for the UK economy in 2013 warning that it could be a "groundhog year" as the economy struggles. |
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