Toscafund is now known largely for its super bullish view of UK economy. The opinion is not applicable to the rest of Europe, rather the managers of Toscafund believe that UK is in a great shape to cash in to the demand that the troubled eurozone cannot fulfill. The fund’s investments have paid off handsomely so far, the returns were up 2.35 percent in April which brought the YTD gain to 10.4 percent. Recently...
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The embattled CIO unit at JPMorgan Chase & Co. (NYSE:JPM) which was rocked hard last year by major losses from the “London Whale” saga hasn’t missed on all of their trades. A close look at their holdings in their $360bil plus available for sale (AFS) portfolio reveals pretty substantial bets on UK & Dutch RMBS. As of year end 2012, JPMorgan Chase & Co. (NYSE:JPM) held over $70bil in non-US non-agency MBS bonds. This is...
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Dr Savvas Savouri in his latest market discussion says that in the next seven years, the world’s largest banks (by market cap) will not be in the US anymore, rather the emerging markets or the “new growth economies” will be playing host to the world’s top twenty banks. Countries like, Russia, China, Australia, New Zealand and Canada have only had one contender in the line of the top twenty banks in the past years,...
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![UK Employer Brand Distribution By Reed [INFOGRAPHIC]](http://thumbnails.visually.netdna-cdn.com/the-reedcouk-employer-brand-index_517e2ab447654_w587.jpg)
This infographic reveals the organisations UK employees most want to work for. Over 2,000 workers shared their top employer brand, favourite business personality and the reasons why they mean so much to them. The reed.co.uk employer brand index infographic 'Get ValueWalk's Daily Edition By Email and Never Miss Our Top Stories'
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A helpful infographic for soon-to-be parents. The Importance of Childhood Education infographic from SchoolTutoring Academy takes information about kids with early childhood education and attention and compares them to kids who did not. But it isn’t all bad news for moms, the infographic gives a few tips on how to survive being a stay-at-home mom as well as some positive job information. Then see how the United States matches up with other countries on early childhood...
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Eric Schmidt, executive chairman of Google Inc (NASDAQ:GOOG), defended the low tax payment of the search engine giant in the United Kingdom. He rejected public criticisms that the company is “immorally” minimizing its tax payment in the country during a radio interview with BBC, according to report from Reuters. Schmidt argued that the company complied with the tax regulations in the country and it is making positive contributions for the British economy. During the...
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Regulatory filings indicate that Greenlight Capital, which is headed up by David Einhorn, has increased its position in Cairn Energy PLC to 3 percent. It’s believed that the firm has held at least some position in the energy giant for quite some time. The hedge fund pushed its position up to 3.06 percent about a year ago but then let it fall back down below the 3 percent mark, which is the size of...
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Margaret Thatcher passed away today. She implemented many changes in the UK, and was the longest serving PM in the country’s history. From an economic/financial news point of view…. an interesting video of the former PM has surfaced. Thatcher in this 1990 speech makes the case against adopting the Euro. A brief description followed by the video. The Council was meant to discuss the Uruguay Round on General Agreement on Tariffs and Trade which was due...
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Crippling labor strikes have long been an element of Western society, with the United States, the U.K. and other countries regularly suffering strikes. Now, workers in booming Asia are beginning to demand a larger slice of the economic pie as labor protests spread. The most recent strike, involving over 500 dock workers, is threatening to shut down Hong Kong’s port, the third busiest port in the world. Strikers are now camping outside of the...
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Analysts at Jefferies Equity Research maintained their estimates on Zynga Inc (NASDAQ:ZNGA) as the online gaming company prepares for the launching of its two real-money casino games in the United Kingdom. According to the analysts, the financial impact of the two games will be low and they will monitor closely its monetization and usage trends. The stock price of Zynga Inc (NASDAQ:ZNGA) is up by almost 15 percent to $3.53 per share around 1:06 PM...
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One policeman in the United Kingdom has taken punishment for his own offspring a bit too far. Doug Crossan was hit with a big shock when he recently read his credit card statement. He discovered there was over £3,700 charges from Apple racked up on his credit card all thanks to this thirteen-year-old son purchasing game extras on his iPad; he claimed his son Cameron had no idea of these in-app charges and wanted Apple Inc....
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