FTSE100 ends its best ever quarter with profit taking September 30, 2009 THE top share index closed lower yesterday with energy stocks, banks and miners among the biggest laggards on the last session of a record quarter. The FTSE 100 closed down 25.82 points, or 0.5 per cent, at 5,133.90 as investors locked in profits after the index put in its best quarterly performance since it was [...]
A busy week on the high street as retailers report September 13, 2009 It’s time to hit the high street this week, with a whole host of retailers updating the market. In keeping with that theme, the Office of National Statistics will tomorrow release the Retail Prices Index data for August, which is expected to show that prices fell 1.5 per cent year-on-year, compared to a decline of [...]
A busy week on the high street as retailers report September 13, 2009 It’s time to hit the high street this week, with a whole host of retailers updating the market. In keeping with that theme, the Office of National Statistics will tomorrow release the Retail Prices Index data for August, which is expected to show that prices fell 1.5 per cent year-on-year, compared to a decline of [...]
MILLIONAIRE LEAVES THE LAP OF LUXURY TO GET BY ON 64 A WEEK October 14, 2009 CHANNEL 4-gazers might have been surprised last night by the sight of a familiar face popping up on the box: Pimlico Plumbers boss Charlie Mullins. Mullins, himself the subject of a classic rags-to-riches tale as a self-made business tycoon, was taking part in the channel’s popular “Secret Millionaire” show, for which he travelled to a [...]
The tributes pour in as City A.M. gets to 1,000 October 22, 2009 GORDON BROWNPrime Minister“Congratulations to City A.M. on reaching a thousand editions. Your paper has kept both Westminster and the City informed at a time of great turbulence in the world economy.” SIR VICTOR BLANKFormer chairman, Lloyds Banking“City A.M. has developed into a quality newspaper which sparks boardroom debate with its insight and analysis. It is [...]
BEST OF THE BROKERS August 4, 2009 RECKITT BENCKISEREvolution Securities maintains its “Add” recommendation for household and health provider Reckitt Benckiser and raises its price target for the shares to 3,050p. Despite forecasted profit losses in the next year, the broker sees a strong new product pipeline and focus on volume growth as spelling encouraging progression. MARKS & SPENCERGoldman Sachs predicts significant [...]
Rip Van Winkle to see off Delegator in Queen Elizabeth II Stakes duel September 24, 2009 GODOLPHIN and Ballydoyle go head-to-head again in the Queen Elizabeth II Stakes, tomorrow’s Ascot feature, and I fancy Aidan O’Brien’s RIP VAN WINKLE to win his battle with Delegator. The pair of them stand head and shoulders above their opposition in what really is an old fashioned duel. However, at a best priced 10/11 with [...]
Why next year will be critical for London’s army of M&A dealmakers October 18, 2009 WHEN Tim Jones, the London managing partner of global law giant Freshfields Bruckhaus Deringer, walks into a room, one is immediately struck by the fact that he still looks every inch the Wales B rugby prop forward he used be. However, as he settles down in one of his firm’s sixth-floor, oak-panelled meeting room, he [...]
Rose ready for battle at M&S investor AGM July 7, 2009 MARKS & Spencer is bracing itself for an investor revolt for the second year in a row when shareholders gather for the retailer’s annual meeting today. A number of influential shareholder bodies have backed a resolution urging M&S to split the roles of chairman and chief executive currently held by Sir Stuart Rose. It is [...]
Rose ready for battle at M&S investor AGM July 7, 2009 MARKS & Spencer is bracing itself for an investor revolt for the second year in a row when shareholders gather for the retailer’s annual meeting today. A number of influential shareholder bodies have backed a resolution urging M&S to split the roles of chairman and chief executive currently held by Sir Stuart Rose. It is [...]