The biggest fund manager story of 2013 was the resignation of Neil Woodford from Invesco Perpetual. As you will be aware, Mr Woodford will continue to manage the Invesco Perpetual Income and High Income Funds until he leaves at the end of April, following which he will set up his own company.
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Sunday 14 August 2011
Sunday 07 August 2011
The building had barely cooled down after the Simon Bolivar Mahler the previous night but youth still ruled at the Proms with the arrival of our own National Youth Orchestra and that eternal wild child Nigel Kennedy promising and delivering astonishment in a not quite solo Bach gig in the evening’s late spot.
Tuesday 26 July 2011
The intellectual Cyril Connolly once described poets as "jackals fighting over an empty well", in reference to their bickering over limited resources. Yesterday it became clear just how bloodthirsty the jackals have become, and just how little water there is left in the well.
Wednesday 13 July 2011
It was Sir Mervyn King, Governor of the Bank of England, who put it best. The sovereign debt crises affecting so many of the eurozone nations are not of liquidity but of solvency.
Sunday 26 June 2011
Wednesday 15 June 2011
Saturday 11 June 2011
Thursday 12 May 2011
Rab Capital, the former star hedge fund now notorious for investing in Northern Rock, is set to leave the stock market following a fresh wave of redemptions and the departure of a top fund manager.
Monday 21 March 2011
The asking price of an average home climbed £58 a day in the last month, an jump of 0.8 per cent to £231,790.
Thursday 10 March 2011
Northern Rock's executive chairman stoked expectations of an imminent move out of public ownership yesterday when he said the bank did not need to make a profit before returning to the private sector.
Saturday 29 January 2011
Friday 17 December 2010
Outlook Coming soon to a stock market near you: more capital raisings from banks. The Basel Committee, the global banking regulators who earlier this year set new standards for capital, liquidity and leverage, has been doing its sums. Yesterday, it said the world's largest 94 international banks needed to raise €577bn in order to comply with the new capital requirements, due to be introduced gradually over the six years from 2013 onwards.
Wednesday 15 December 2010
Monday 22 November 2010
Pressure is growing on the Government-appointed Independent Commission on Banking to ease off on banking reform, with leading accountants and banking organisations calling on the Government to "think again" and avoid "systemic reduction" in bank profitability.
Sunday 24 October 2010
It's no surprise that the Severn barrage will not be built, given that the Government is wedded to nuclear power ("Severn barrage tidal power plan axed", 17 October). The costs of nuclear were always going to freeze out other technologies, and emerging renewables were always going to be in a weak position to fend off the huge political machine that the nuclear industry still musters.
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