The ash is back May 17, 2010 BRITAIN’S airline industry is facing a fresh set of threats this week as aviation authorities prepare to close a number of airports ahead of a new and highly dense ash cloud which is expected to drift across the UK. Last night Heathrow, Gatwick and City airports were closed from 1am until at least 7am today. [...]
ECONOMIST VIEWS: WHAT WILL THE FED DO THIS WEEK? April 25, 2010 PAUL DALES | CAPITAL ECONOMICS “It is doubtful that the Fed will get any closer to dropping its pledge to keep rates exceptionally low for ‘an extended period’ at the two-day meeting that concludes this Wednesday. In fact, we continue to think that the Fed will keep rates on hold until at least 2012.” PHILIP [...]
Supermarket boom will continue April 19, 2010 WHILE retailers on the high-street have been struggling with adverse weather conditions and consumers cutting back on spending during a downturn, their supermarket counterparts have been going from strength to strength. Giant grocer Tesco has seen its share price rise 10 per cent over the past six months and today’s full-year results are expected to [...]
Rusal float to net Deripaska $70m bonus April 14, 2010 RUSAL, the aluminium group which earlier this year became the first Russian company to list in Hong Kong, has awarded chief executive Oleg Deripaska a weighty $70.3m (£45.4m) bonus for getting the float away successfully. The company said yesterday that oligarch Deripaska has been awarded 50.625m bonus shares at the offer price of HK$10.80 per [...]
Opportunities for growth in green Asia April 13, 2010 TAKE a trip around emerging Asia these days and you won’t just see skyscrapers and coal-fired power plants growing out of places where there were once nothing but fields. Wind turbines, solar energy plants, incinerator manufacturers, water treatment plants and microirrigation developments are just as likely to spring up before your eyes. There is now [...]
Banks and energy companies push the FTSE slightly higher but miners struggle April 12, 2010 Gains from banks and energy stocks outweighed weaker miners to leave Britain’s top share index slightly higher by the close yesterday, as anxiety about debt-plagued Greece eased, supporting risk appetite. The FTSE 100 ended the day 6.67 points higher at 5,777.65, slipping back after hitting an intra-day peak since June 2008 of 5,803.71 early in [...]
European stocks are worth a long position April 12, 2010 IN THE next few weeks we should get a better idea of how far the economic recovery has boosted profits at Europe’s largest companies as they report first quarter earnings. So far consensus estimates for earnings growth this year is a whopping 39 per cent up on last year. This week French luxury goods group [...]
Get inspired by the best of British at a new City awards ceremony April 7, 2010 WITH politicians bickering about the way to rescue our shaky economy, it’s easy to be gloomy about the state of British business. After all, we’re just a small, rainy island off the coast of Europe. It would be no surprise if we were an also-ran in the global economy, but for centuries Britain has punched [...]
Five tips for traders in the second quarter April 5, 2010 THE first quarter of 2010 was a rocky one. We had confirmation that the British economy exited recession in the last three months of 2009 but political polls increasingly pointed towards a hung parliament come the general election. The Eurozone suffered dreadfully from the Greek fiscal crisis and fears grew that its woes could spread [...]
CELEBRATING WITH THE CITY’S TOP 30 UNDER 30 March 28, 2010 AWARDS ceremonies, as many in the City will know, are all too often worthy but slightly dull affairs, with tables full of gnarled luminaries guffawing at bad jokes after numerous glasses of lukewarm Sauvignon Blanc. But Friday afternoon’s Square Mile 30 Under 30 London Talent Awards could not have been further from that disheartening stereotype, [...]