View more on these topics

Bond managers react to GM and Ford downgrade

Investec Sterling Bond Fund managers Anna Lees-Jones and Harsha Patel say the downgrading of GM and Ford from investment grade to high yield by Standard & Poors highlights the need for radical change at the firms.

Lees-Jones and Patel say the companies have been in need of a wake-up call, as their spiralling healthcare costs and pension fund liabilities need to be addressed.

They say: “Both companies hold significant cash and could raise funds through asset sales, but without an operational turnaround the companies futures rest on their ability to keep refinancing.”


Taxing questions for charitable trustees

Following the introduction of the Trustee Act 2000 in England and Wales on February 1, 2001, trustees of charitable trusts who did not have wide investment abilities were granted increased statutory powers.

FSA warns on India outsourcing

The FSA is warning the industry that outsourcing services to India carries risks and cautions that high staff turnover blights many operations.The regulator, in a guidance brief, acknowledges comparatively cheap well-educated staff are plentiful and the country has strong IT, but also warns of the political backlash back in the UK from such arrangements which […]

Childcare - thumbnail

Three questions for employers…

The Family and Childcare Trust’s annual survey has been widely reported in the media and the two headline figures were these: the average cost of a nursery place for a child under two has risen by 33 per cent since 2010; and the costs have risen by five per cent in a single year.


News and expert analysis straight to your inbox

Sign up


    Leave a comment