Sunday, 26 August 2007
Sunday Business Round Up - End of the Silly Season
With the August Bank Holiday weekend here, it is traditionally the last week of holidays and many people will be back at work next week, albeit for only 4 days.
Usually in the Summer months things are very quiet in the business world and firms focus on issues such as budgeting and planning for the year rather than sales pushes or merger and acquisition activity.
However, that has certainly not been the case this year, with remarkable volatility in the Stock markets and the Sovereign funds looking at buying many top companies, even as Private Equity struggles.
The business media have been kept busy and must now look forward to the next two months, when the business pages will likely be of growing political importance too as we wait to see what happens in the aftermath of the credit crunch:
Credit crunch worse - ...for commercial property than even residential in the UK market.
Norwich to sell-up - as above, the first large move in the commercial property market.
Northern Rock - Worst hit UK bank? Maybe time to review any relationships with them if things get ugly.
Will the Federal Reserve response work? - A nicely written article here in the Guardian.
Hedge funds not looking so clever - But will a bad summer make for a bad year?
LSE to get stake taken by Sovereign fund - As blogged before, mote of this to come.
Irwin Stelzer on Sovereign funds - I rarely ever agree with this guy, but still makes some interesting points on Sovereign funds.
DoT plays tough with Virgin Trains - never mind the passengers and tax payers, eh boys?
BA Legal trouble - Class action suits set to cost it more.
Lead paint - still more recalls expected in Toyworld.
Posted by CityUnslicker