Robert's Feed
Apr 4, 2013

shaped bonus cap might just fit fund managers

(The author is a Reuters Breakingviews columnist. The opinions
expressed are his own)

By Robert Cole

LONDON, April 4 (Reuters Breakingviews) – Fund managers make
too much money. Or so Sven Giegold, a German member of the
European parliament, seems to think. He is pushing proposals in
Brussels that would impose bonus caps on asset managers’ pay.
Borrowing from strictures about to be inflicted on EU bankers,
the Giegold initiative would stop fund managers receiving annual
bonuses worth more than 100 percent of base salary.

Mar 8, 2013
via Breakingviews

UK would gain from homeowner tax switch

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By Robert Cole

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

George Osborne, the UK’s Chancellor of the Exchequer, will present his annual budget on March 20. To maintain credibility he needs to stick to his austerity agenda. To tackle debt he needs to protect tax revenue. To maximise revenue, and appease recession-restless voters, he needs to promote economic growth. He could do all three by stamping on the UK’s property transaction tax and closing a loophole: capital gains tax (CGT) is not currently levied on owner-occupied homes.

Feb 8, 2013
via Breakingviews

Tokyo stocks: this time could really be different

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By Robert Cole

(The author is a Reuters Breakingviews columnist. The opinions expressed are his own)

Once bitten, twice shy. In fact, investors in Japan have been bitten many times by the seductive notion that the land of the rising sun is emerging from its bear-market night. They would be forgiven for shying away this time.

Jan 11, 2013
via Breakingviews

Review: Haiti’s unreconstructed disaster story

It is three years since a massive earthquake devastated Haiti. A new book by Jonathan Katz suggests that the ensuing international aid effort gave the stricken the Caribbean country all possible assistance, short of actual help. He suggests, indeed, that the outsiders did more harm than good.

Haiti’s crisis plucked at the world’s heart strings. Bill Clinton, Sean Penn and Angelina Jolie were among the famous names who stepped up as advocates for the dispossessed. Katz reports that $16.3 billion, much from the United States, was donated. But the effort fell woefully short. “The world came to save Haiti and left behind a disaster”, he writes.

Jan 11, 2013
via Breakingviews

Beware bond-equity rotation and focus on value

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By Robert Cole

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

Investors have started 2013 feeling bold. Equities are firm, bonds are weak and gold is soft. Is this the long-awaited rotation back to risk? Many market participants say so. But betting on a herd movement is a dangerous investment strategy.

Oct 16, 2012
via Breakingviews

Investors may live with outrageous News Int payoff

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By Robert Cole

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

Shareholders in News Corp would be forgiven for being outraged at a report that Rebekah Brooks, the former CEO of News Corp’s UK newspapers, has received a 7 million pound “payoff”. She left her post in July last year as allegations of phone hacking engulfed the News of the World and led to the abrupt closure of the Sunday tabloid owned by the company.

Sep 6, 2012
via Breakingviews

Memo to UK’s new air strategists: let numbers talk

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By Robert Cole

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

After years of make-do-and-mend, the UK is once again arguing about the London’s airport capacity, and the possibility of a third runway at Heathrow. Most people seem keen only to rubbish plans they dislike. The right approach is to give airtime to all ideas – and then make a firm decision.

Jul 24, 2012

Normalised Barclays could offer substantial upside

(The author is a Reuters Breakingviews columnist. The opinions
expressed are his own)

By Robert Cole

LONDON, July 24 (Reuters Breakingviews) – Barclays (BARC.L: Quote, Profile, Research)
in an ugly fix. The rate-rigging scandal has laid waste to the
bank’s senior leadership and trashed its reputation with
regulators, politicians and customers. Barclays shares have
slumped to barely half the average traded price over the last 12
months. There are plenty of reasons to be wary. But a
“normalised” Barclays could offer investors some striking gains.

Jul 20, 2012
via Breakingviews

Review: The trappings of global money

By Robert Cole
The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

When it comes to describing what went wrong, Robert Pringle’s new book, “The Money Trap”, is hard to fault. The editor of the trade journal Central Banking is also right that finance needs reform so it can better serve people, rather than financiers. Pringle deserves praise for offering an alternative financial architecture. But his bold prescription, though intriguing, is imperfect and unrealistic.

Jun 21, 2012
via Breakingviews

Corporate earnings hopes are still too high

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By Robert Cole

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

Equity analysts are sharpening their red pencils. As euro zone worries clog the wheels of global commerce, forecasts for corporate earnings are falling. Yet global investors may still be expecting too much from companies, at least in the near term.

    • About Robert

      "Robert is Assistant Editor of Reuters Breakingviews, based in London. He has a special focus on investment, writing about it on a global basis. Robert worked for The Times, in London, in a variety of writing and editing capacities from 1998 to 2010. For nearly 10 years he edited the newspaper’s daily Tempus investment column. He was also deputy business editor, acting business editor, a leader writer, the chief obituaries writer and a news editor in the home affairs department. Prior to joining The Times, Robert worked on The Independent and the London Evening Standard. His most recent book is ..."
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