McDonalds warns euro will hurt full-year profits June 8, 2010 MCDONALDS reported a stronger-than-expected 4.8 per cent rise in worldwide May sales at established restaurants yesterday, but warned it expects a weak euro to take a bite out of its full-year profits. Roughly a quarter of McDonald’s consolidated operating income originates in countries that use the euro currency, the world’s biggest hamburger chain said yesterday. [...]
Stockholm Syndrome and Dementors rule the law December 21, 2010 A HARD year for the City’s legal market is drawing to a close, and lawyers at those firms that haven’t cancelled their Christmas parties are looking forward to a booze-filled lead up to the New Year. And giving their two cents in RollOnFriday’s annual Firm of the Year survey. There seems to be little festive [...]
S&P 500 is on the edge of a painful correction January 23, 2011 THE SCOTTISH journalist Bertie Charles Forbes once said: “Optimism is the stuff of which American business success is fashioned”. He would have seen much to be happy about in the USA now. Though unemployment remains stubbornly high, American investors at least are seeing the bright side. The S&P 500 index of stocks has rallied by [...]
S&P 500 is on the edge of a painful correction January 23, 2011 THE SCOTTISH journalist Bertie Charles Forbes once said: “Optimism is the stuff of which American business success is fashioned”. He would have seen much to be happy about in the USA now. Though unemployment remains stubbornly high, American investors at least are seeing the bright side. The S&P 500 index of stocks has rallied by [...]
Life insurers face battle to survive, says State Street November 24, 2010 EMBATTLED life insurers should expand into emerging markets, divest non-core assets and tailor products to ageing populations to tackle the changing industry landscape, a report by US financial services provider State Street said yesterday. Challenges include increasingly scarce capital, more stringent solvency regulations and declining traditional revenues, according to the report. It found that firms [...]
UK listing for Severstal gold mining group January 17, 2011 RUSSIAN steel company Severstal yesterday announced plans to float its Nord Gold unit in London to raise more than $1bn (£629m). It values the company at over $4bn. The premium listing of at least 25 per cent of the gold miner is set to be the biggest mining float since Nate Rothschild’s $1bn offering of [...]
UK listing for Severstal gold mining group January 17, 2011 RUSSIAN steel company Severstal yesterday announced plans to float its Nord Gold unit in London to raise more than $1bn (£629m). It values the company at over $4bn. The premium listing of at least 25 per cent of the gold miner is set to be the biggest mining float since Nate Rothschild’s $1bn offering of [...]
FTSE climbs up from sluggish start January 24, 2011 From a sluggish start, the FTSE climbed until almost back through the 6,000 barrier, before falling slightly to close up 47.6 points or 0.81 per cent at 5,943.85. Defensive stocks gave the index strength while the market shrugged off early fears about banks after Saturday’s speech by John Vickers, chair of the Independent Commission on [...]
The world lists in New York February 8, 2011 America is home to many of the world’s biggest companies. However, as mentioned above, NYSE Euronext has a truly global reach. Leading business from Asia, Latin America and Europe choose the exchange for their primary or secondary listings. And this includes many of the UK’s largest blue chip businesses. The top five UK companies listed [...]
TRADING ON THE AMERICAN DREAM BRINGS DIVERSITY TO A PORTFOLIO February 8, 2011 For many investors, the American dream is still alive and kicking. As more retail investors look overseas for portfolio growth and income, the US is a common first port of call. Many investors gain exposure to the US market using instruments such as exchange-traded funds (ETF) and managed funds. One extremely popular ETF is the [...]