Friday 5 October 2012

Abchat Weekly Wrap Up: Disraeli's One Nation

The second of the three major political party conferences is complete, and this time it was the Labour Party’s turn to take the centre stage at the Manchester Central conference centre.

Party conferences provide political parties with an opportunity to set policy agendas to the wider party members and ultimately communicate their vision and goals to the electorate. The other key role party conferences play is that they give party leaders the opportunity to demonstrate their potential skills as an orator and ultimately a statesman. Labour leader, Ed Miliband used his leader’s speech to demonstrate traits he is not renowned for - those being wit and charisma, which came across as surprisingly natural and no way as awkward as when the then PM, Gordon Brown appeared when conducting an interview on Youtube, having just been listening to the Artic Monkeys; yeah right Gordon!?!

What Ed did though that was so clever, was he was able to harness this new found wit into quite a clever change of direction (or was it?) by going for the political centre. Ed Miliband reportedly used the phrase “One Nation” over 40 times during his speech, with no qualms publicising where he plagiarised this phrase from! Conservative PM Benjamin Disraeli first coined the phrase in the 19th century, and has been synonymous with the Conservative Party ever since.

Which successful former Labour Party leader hijacked the political centre? You guessed it Tony Blair…

Has Ed accepted Labour’s short comings as the Country’s left wing party and the only way for parliamentary success today is for his party to do what they did under Tony Blair and occupy the centre, and traditionally Tory ground? If this is the case, it then begs the question: Is Ed’s older brother David not the more qualified person for the job seeing as he is an actual Blairite? It is also widely known that Ed defeated brother David in the leadership election because the party wanted to distance themselves from the days of Tony Blair and return to being a party of the unions and a left wing party. They appear to this blogger to be returning back to the Blair days.
We will conclude with this quote from SNP MP Angus Robertson. "The extraordinary message in Ed Miliband's speech is that Labour now amounts to nothing more than a party of one nation Toryism."

1. Xstrata/ Glencore deal comes closer to an end as Xstrata’s novel structure for its merger gets further shareholder support.

2. Department for Transport decided to scrap the West coast mainline franchise deal to First Group and a fresh competition will be started.

3. UK Listing Agencies reveal tighter rules around obtaining a London listing in attempt to crack down on dominant shareholders and reverse takeovers.

4. Supermarket giants report a mixed bag this week: Tesco reveal its first fall in profits in 20 years, whereas Asda reported a 6% rise and Sainsbury’s also enjoyed its 31st consecutive quarter of like-for-like sales growth.

5. Stockwatch: Asset Management Group, Schroders, hit the headlines this week as the big blue-chip FTSE 100 faller amid concerns the company will not meet market expectations.

As we speak, Tania and Bozzy are joining our IPREX partners in Paris for the IPREX EMEA Fall meeting, where we are presenting on “Spotlight on B2B”. Bon chance!

Jo spent the first half of the week in China seeing our newest online retail client’s technology in action. She also continued to strengthen relationships with other advisers based in Beijing, whilst experiencing the city in the week that China celebrates its National Day and Mid-Autumn Festival, known as ‘Golden Week’.

Two of our Life Sciences team went to the Sachs Forum in Zurich.

Abchaps hosted three excellent Market Lunches this week: one in Leeds and two in London, one of which focused on Life Sciences.

Our newest Account Manager, Shabnam completed financetalking’s Best Practice & Compliance in Financial Communications training course.

Ex-City banker, Roger Gifford, has been elected Lord Mayor of London.
JP Morgan Chase CIO leader, Irene Tse, leaves to start her own hedge fund.

Ian Abrahams, one of Barclay’s top bankers, is to leave amidst wide-ranging management reshuffle.

This week our good friends at XCap announced that subject to an EGM, it has acquired Hume Capital and raised £2.4 million, confirming its position within the marketplace as a full service investment house and providing a great platform as they look to progress new opportunities with their corporate clients.

Sarah Wharry has joined the Oil and Gas Corporate Finance team at RFC Ambrian. Operating from offices in London, Sydney and Perth, RFC Ambrian is an independent corporate advisory group specialising in the mining, oil & gas and basic industrial sectors.

Gareth Davies has been appointed as a director in BDO’s mergers and acquisitions team, focusing on TMT. He joins from PwC Corporate Finance.

Taylor Wessing has appointed Amanda Nelson as a partner in the law firm’s private client practice. Nelson specialises in tax planning, with a particular emphasis on inheritance and capital gains tax.

Market Scuttlebutt”: a round up of all the latest market rumour or gossip accumulated from musty backrooms at all the best drinking haunts from around the city.

This is the last weekend you can see the superb Leonardo Da Vinci: Anatomist exhibition, the largest ever of his studies of the human body, at the Queen’s Gallery, Buckingham Palace.

Any discerning jewellery and silver collectors can purchase contemporary merchandise direct at the final weekend of the annual Goldsmith’s Fairs at Goldsmith’s Hall.
Take a trip this weekend to the Belvedere Tower, one of the oldest buildings in Claremont’s Landscape Garden to take in the impressive view of the Shard, Windsor Castle and Wembley Stadium.

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