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Shares in fashion retailer Ted Baker have reached a record high after international expansion drove a better than expected spring performance.   The company said sales increased by 32.7% in the 20 weeks to 15 June compared with the same period last year, with both retail sales and wholesale business growing. Ted Baker has grown its international ...

Fidelity star fund manager Anthony Bolton to step down

Published in Investment
Wednesday, 28 November 2012 07:40
Britain's best-known fund manager, Anthony Bolton of Fidelity, is to retire next year with his reputation as a legendary investor "tarnished" by the relative failure of his £460m China fund.   Bolton, 63, will step down in April 2014 and be replaced by Dale Nicholls, currently manager of Fidelity's Pacific funds.   Known as the kingmaker in sev...
As the S&P 500 stormed to a gain of 16 percent for the first five months of the year, the run was fueled by investors searching for yield.   With central banks driving interest rates lower, slower-growth sectors with big dividends like utilities and telecom were attractive because they offered better returns over government debt along with th...
Commission led by Andrew Tyrie recommends jailing reckless bankers for and enforcing a wait for bonuses George Osborne is facing pressure to radically overhaul Britain's banks by introducing a new law to jail bankers for "reckless misconduct" and force bankers to wait up to 10 years to receive their bonuses.   The proposals, among the key measur...
The parliamentary commission on banking standards has recommended new laws so top bankers can be jailed for 'reckless misconduct' A major report from the parliamentary commission on banking standards calls for a new law to jail bankers for reckless misconduct, the deferral of bonuses and more measures to foster competition. The commission, chaired...
Parliamentary commission chairman Andrew Tyrie has proved a tough cross-examiner of the banking business The final report by the parliamentary commission on banking standards underscores the role of Andrew Tyrie, its chairman, as the man who has done more than any regulator to expose the causes of the financial crisis.   Tyrie, a former adviser ...
National Audit Office says reduced salaries and conditions have deterred applicants from private sector and led to gaps Cuts to the pay and conditions of senior civil servants have deterred private sector managers from taking up Whitehall jobs and could result in an exodus of talent, the government's independent auditor has warned.   A report by...

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