Ditch the crystal ball and just keep on trading to win July 21, 2008 It’s impossible to call the market’s bottom, so stick to trading its actual moves, says Sandy Jadeja Has the market reached an important low, and are stocks cheap? That’s a crucial question, but given present market conditions, also a tricky one. For several weeks now I have been arguing that the FTSE 100 would need [...]
Rising food costs getting you down? Try a spread bet July 21, 2008 A spread bet on commodities offers you an excellent opportunity to get even, according to Katie Hope You would have had to have spent the past year in a cave not to be interested in commodities. For car drivers, the price of petrol is an ever-growing concern, while rising food prices have caused riots in [...]
Brown calls for release of five Britons July 21, 2008 Gordon Brown called for the release of five British hostages held in Iraq yesterday, after the release of a video claiming that one had killed himself. earlier this year. The prime minister, who is visiting Israel, described the video as “abhorrent”. He said: “I call on the hostage-takers to release those people who have been [...]
Harley Street might help steer ITV back to good health July 18, 2008 At least you can’t accuse ITV of not trying. The colour advertising spreads promoting its new drama Harley Street were everywhere yesterday. We will know today whether ITV has managed to engineer that increasingly rare phenomenon, a new drama hit. At least the Radio Times made it Pick of the Day and noted that while [...]
Anger as government admits it will miss carbon target by huge margin July 18, 2008 The Government admitted yesterday what experts have been saying for some time — that it will miss by a large margin its own target of cutting carbon dioxide emissions by 20 per cent from 1990 levels by 2010. New projections from the Department of the Environment (DEFRA) put CO2 emissions in 2010 at only 15.5 [...]
Madeleine suspect wins massive libel damages July 18, 2008 A suspect in the disappearance of schoolgirl Madeleine McCann in Portugal last year won £600,000 in libel damages yesterday for “the utter destruction” of his life. The 10 newspapers involved in the case had wrongly accused Robert Murat, who lived in the same resort where McCann vanished last May sparking an international search, of being [...]
Eurotunnel enjoys strong rise in profits July 18, 2008 Eurotunnel, the company which operates the Channel tunnel, posted a rise in half-year profits driven by strong growth in passengers using the Eurostar service. Earnings surged to €26m up from €1m the year before, but the company warned that revenue could be hit in the second half of the year due to the faltering economy [...]
Winterflood set to take on the FSA July 18, 2008 Winterflood Securities, the City’s largest small and mid cap stockbroker, is challenging a £4m fine from the Financial Services Authority for market abuse. It is the biggest fine ever imposed on a City firm for market abuse. Winterflood, which has filed an appeal with the independent Financial Services and Markets Tribunal, said it would vigorously [...]
Dawnay firms call in receivers July 18, 2008 Two property companies held by Dawnay Day, the financial services and property conglomerate owned by Guy Nagger and Peter Klimt, have been placed into receivership. It comes as Dawnay Day told its staff this week that redundancies were likely to be made. A spokesman said while job losses are not certain advice has been given [...]
Taxpayers to face £4bn bill for Equitable July 18, 2008 Eight years after the near collapse of Equitable Life and four years after the Parliamentary Ombudsman began an investigation into the insurer, there was finally some hope for the company’s million or so policyholders yesterday. Ann Abraham, the parliamentary ombudsman who led the exhaustive investigation, found the government should apologise to policyholders – some of [...]