Chancellor Rachel Reeves delivered Labour’s first Budget in 14 years, announcing £40bn of tax rises, Central London Alliance comments
Commodities drive FTSE 100 higher as prices tempt buyers March 17, 2011 COMMODITY stocks powered a bounce in Britain’s top shares by close yesterday, as heavy selling this week made equities look attractive from a technical perspective, with volatility set to persist. The FTSE 100 index closed 97.88 points or 1.8 per cent, higher at 5,696.11. It had fallen in each of the previous six sessions and [...]
Weak demand for commodity and bank shares drag on FTSE March 9, 2011 WEAK commodity and bank stocks dragged Britain’s leading shares index lower yesterday as oil prices climbed after intensified fighting in Libya. At the close, the FTSE 100 was down 37.46 points, or 0.6 per cent, at 5,937.30, having hit a low for the week at 5,922.66 in the afternoon before recovering. “Only a dyed-in-the-wool optimist [...]
BarCap set to gain broking mandate at 3i March 8, 2011 BARCLAYS Bank’s fast growing equities business BarCap was last night said to be close to winning an important new broking appointment at the international private equity group 3i. 3i has been conducting a regular review of its brokers, which are currently Bank of America Merrill Lynch and JP?Morgan. The group, whose chief executive is Michael [...]
BarCap set to gain broking mandate at 3i March 8, 2011 BARCLAYS Bank’s fast growing equities business BarCap was last night said to be close to winning an important new broking appointment at the international private equity group 3i. 3i has been conducting a regular review of its brokers, which are currently Bank of America Merrill Lynch and JP?Morgan. The group, whose chief executive is Michael [...]
Meet the hottest of HOT HATCHES March 1, 2011 DESPITE the fact that Citroën has been doing rather well these past several years in the World Rally Championship, it’s taken until now for the French manufacturer to create a road car with WRC credentials. Citroën has created its new 204bhp 1.6-litre DS3 Racing model to be an extremely sporty rival to cars including Mini’s [...]
Meet the hottest of HOT HATCHES March 1, 2011 DESPITE the fact that Citroën has been doing rather well these past several years in the World Rally Championship, it’s taken until now for the French manufacturer to create a road car with WRC credentials. Citroën has created its new 204bhp 1.6-litre DS3 Racing model to be an extremely sporty rival to cars including Mini’s [...]
CAR TALK March 1, 2011 Vauxhall’s new Zephyr Officially it’s only a concept, but make no mistake: most of what you see here is Vauxhall’s new Zephyr. The rakish exterior design of this Zafira Tourer Concept has been inspired by high-speed train design and is conceived to be a “lounge-on-wheels”. Ambient mood lighting, a panoramic windscreen and flexible seating for [...]
Nasdaq could muscle in on NYSE-DB deal February 23, 2011 US stock exchange Nasdaq is mulling a bid for NYSE Euronext, sources said yesterday, in a move that has the potential to scupper NYSE’s $9.5bn (£5.9bn) planned merger with Deutsche Boerse. Nasdaq, which is valued at $5.7bn, is thought to be looking at muscling in on the NYSE deal to avoid becoming a takeover target [...]
M&A by energy firms at highest levels on record February 22, 2011 DEALS between energy and power firms have helped to boost the volume of mergers and acquisitions to $93.7bn (£57.9bn), the highest level since records began. Activity, boosted by several large deals, lifted deal volume by 40 per cent compared to the first few months of last year. The figure was helped by three of the [...]
BHP’s shale gas deal gets a thumbs up from the market February 22, 2011 BHP Billiton’s share price rose yesterday after details of its $4.75bn (£2.94bn) purchase of US gas firm Chesapeake’s assets and $5bn buy-back filtered through the market. BHP, which announced the plans to the London market yesterday, said it would take over Chesapeake’s shale gas reserves in the Fayetteville field in Arkansas to gain an exposure [...]