WHAT THE OTHER PAPERS SAY THIS MORNING July 28, 2011 FINANCIAL TIMES BHP BILLITON DIGS IN AGAINST STRIKING MINERS BHP Billiton has declared force majeure on exports from the world’s biggest copper mine, as a mineworkers’ strike entered its eighth day. The strike at BHP’s Escondida mine in Chile, which supplied 7 per cent of the world’s copper last year, comes in a month of [...]
FTSE up but GDP data casts shadow July 26, 2011 Investors were apparently gaining in confidence that the US would break its deadlock over a debt deal as the FTSE 100 opened on the front foot today. The US is under pressure to rescue its Triple A credit rating by upping its debt ceiling – a controversial move which has driven a wedge between Republicans [...]
LSE bats away deal talk with strong results July 20, 2011 THE London Stock Exchange reassured investors of its financial clout at its shareholder meeting yesterday but refused to be drawn on any potential partners following the collapse of its merger with Canada’s TMX Group. LSE chairman Chris Gibson-Smith blamed the breakdown of the £2.4bn merger firmly on TMX for failing to marshal its shareholders to [...]
BHP Billiton coal output rises – but flood still takes toll July 20, 2011 BHP Billiton, the world’s biggest miner, has reported a rise in coal output but said that flooding continues to hit production. Production of coal rose 19 per cent in the three months to 30 June compared to the previous quarter, it said. However, coal output is still down 28 per cent from the same period [...]
Mercedes’ ultimate ticket to ride July 19, 2011 SOME days are good, some days are great. And no doubt about it: being driven around Goodwood in a Mercedes-Benz SLS AMG gullwing supercar by former F1 world champion Jody Scheckter is a great experience. Scheckter, now an organic farmer at Laverstoke Park Farm, says he’s not been on a race track in years. I [...]
Mercedes’ ultimate ticket to ride July 19, 2011 SOME days are good, some days are great. And no doubt about it: being driven around Goodwood in a Mercedes-Benz SLS AMG gullwing supercar by former F1 world champion Jody Scheckter is a great experience. Scheckter, now an organic farmer at Laverstoke Park Farm, says he’s not been on a race track in years. I [...]
CAR TALK July 19, 2011 PEUGEOT’S NEW FLAGSHIP Peugeot has shown its new flagship 508 RXH diesel-electric crossover ahead of its world premiere at the Frankfurt Motor Show in September. The four-wheel drive estate is powered by a 2.0-litre HYbrid4 drive unit which produces 200bhp and can be run in 100 per cent electric mode. Emissions are just 109g/km of [...]
CAR TALK July 19, 2011 PEUGEOT’S NEW FLAGSHIP Peugeot has shown its new flagship 508 RXH diesel-electric crossover ahead of its world premiere at the Frankfurt Motor Show in September. The four-wheel drive estate is powered by a 2.0-litre HYbrid4 drive unit which produces 200bhp and can be run in 100 per cent electric mode. Emissions are just 109g/km of [...]
BEST OF THE BROKERS July 18, 2011 LAND SECURITIES Panmure Gordon rates the commercial property group hold with an 825p target price as it believes today’s trading update will confirm a trend of strong rent growth and tenant demand, particularly in central London. Panmure believes Land Sec has a portfolio of prime retail space that will maintain its growth despite a tough [...]
FTSE on back foot as bank stress tests loom July 15, 2011 The FTSE mirrored markets across Europe in early trading as investors awaited the results of bank strss tests with some lenders expected to fail to meet the criteria required. With persistent fears over the Eurozone debt crisis and the threat of a US rating downgrade casting a shadow market sentiment was tepid. European shares overall [...]