Finance Week
The Finance Professional: Matt Stevens, May Gurney
Matt Stevens on making money out of rubbish and the effects of the public sector austerity package on his industry.
It's not who you know, it's who knows you that matters
In business, it’s not what you know or even who you know, but who knows you that matters, according to results of a survey by Robert Half Management Resources.
UK businesses ready to relocate due to tax regime
One in five large UK businesses would consider relocating abroad because of the tax system in this country, according to a study commissioned by HMRC.
Bank of Blair opens for (super rich) business
Globe trotting former UK Prime Minister Tony Blair is setting up his own finance boutique in London, rumoured to be offering investment services to global funds and the super-rich.
Editor's letter
-
Pensions "haves and have nots" dominates FD agenda
The funding of pension funds is starting to dominate the FD agenda. And two new surveys have added yet more fuel to the pension’s fire, after suggesting that workers may need to pay more for their pensions amid continuing fund deficits.
Finance News
Best of the Web
- Geldof seeks $1bn for African investment plan
- Rally resumes after supportive US data
- HSBC in clearest warning yet over relocation
- HP to buy 3Par as Dell pulls out of race
- Leaders promise ‘stable’ Mideast peace
- Fears grow over food supply
- FTSE gold miners slip on talk of end of systemic risk
- Bernanke regrets reticence on Lehman
- The real shock for savers in Tony Blair's book
- Era of 'too big to fail' institutions must end, warns Ben Bernanke
- ECB raises eurozone growth forecasts, extends support for banks
- Foreign companies ‘losing out’ in China
- Flaming Ferraris force recall of 458 Italia
- UK housing data underpins recession fears
- RBS cuts further 3,500 jobs
- UK house prices on downward trend
- Hays eyes recovery but earnings slump
- Stock market shock: share prices can go up as well as down
- China car sales jump while US suffers
- UK house prices fall for second month
Analysis
The Bottom Line:If Mr Cable has his way...
"If Mr Cable had his way, all the big banks would be broken up and bonuses would be virtually eliminated - a sure-fire way in my view of guaranteeing an end to the UK’s ability to compete as an international financial centre. Let’s not forget that this is a man who is on record as saying that everyone who works in a bank has an ‘aristocratic lifestyle’ clearly demonstrating his lack of understanding of the sector." A tough line on bankers’ bonuses could make a brain drain of financial talent a distinct possibility, warns Paul Marsden. Read more