Article Abstract:
Ten Goldman Sachs employees are listed in the Sunday Times 2001 rich list, including John Thornton, co-chief operating officer, with GBu230mn, chairman of Goldman Sachs International, Peter Sutherland with GBu190mn and Richard Sharp with GBu170mn. Other people on the 1,000 strong list include Bruno Schroder and family, who are number six with GBu1.75bn and the chairman of New Star Asset Management, John Duffield, with GBu250mn. Of the 69 women included few were from the financial world, with the wealthiest woman in finance being Carol Galley, the former director of Mercury Asset Management, with GBu32mn.
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Article Abstract:
Investor confidence rose by 31 points to 102 in April 2001 from March 2000 when the benchmark level was 100, says JPMorgan Fleming Asset Management. Some 40% of 500 investors surveyed felt that the markets would increase by October 2001, with 27% feeling the markets would decline. Investor confidence may be boosted by the interest rate cuts in the US and UK, with some investors perceiving the UK stock market as having bottomed-out.
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Article Abstract:
The British North/South divide could be addressed over the long term by a downturn in the new economy sectors, according to Business Strategies economic consultancy. Slower growth in the communications, information technology, and electronics markets could narrow the divide. UK economic growth in 2001 is projected at 2.6%, down from 2.9% in 2000.
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