Chancellor Rachel Reeves delivered Labour’s first Budget in 14 years, announcing £40bn of tax rises, Central London Alliance comments
Xstrata posts $6bn profit as copper soars February 8, 2011 MINER Xstrata beat expectations to more than quadruple its pre-tax profit in 2010, the firm said yesterday, on the back of a runaway rise in commodity prices. Xstrata’s pre-tax profit rose to $6.6bn (£4.1bn) up from $1.53bn a year ago, on revenues that rose 34 per cent to $30.5bn. Copper prices, which have jumped 30 [...]
Xstrata posts $6bn profit as copper soars February 8, 2011 MINER Xstrata beat expectations to more than quadruple its pre-tax profit in 2010, the firm said yesterday, on the back of a runaway rise in commodity prices. Xstrata’s pre-tax profit rose to $6.6bn (£4.1bn) up from $1.53bn a year ago, on revenues that rose 34 per cent to $30.5bn. Copper prices, which have jumped 30 [...]
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 [...]
CAR TALK February 8, 2011 ASTON V8 VANTAGE S Aston Martin has released details of its new V8 Vantage S. The S version has an extra 10bhp over the N420 V8 which means its 4.7 litre V8 now produces 430bhp. The car has quicker steering and a chassis with new springs and dampers and wider rear wheels. An improved seven-speed [...]
Lord Myners takes fresh job in the City February 7, 2011 EX-CITY minister Lord Myners this week added a second non-executive role to his portfolio, with his appointment as a partner and chairman of Autonomous Research, the independent research firm. And he is thought to have a third on the way as chairman of billionaire Nicolas Berggruen’s new acquisition vehicle which is seeking to raise around [...]
Miners could hoard record 2010 profits February 6, 2011 THE world’s biggest miners could keep dividends in check despite being forecast to double their billion-dollar 2009 profits, fund managers warned yesterday. Companies such as BHP Billiton, Rio Tinto, Xstrata and Anglo American are set to report record 2010 results in the next two weeks on the back of a commodity price boom fuelled by [...]
THE TIPSTER February 3, 2011 INTERNATIONAL Consolidated Airlines Group (or IAG) the new post merger moniker for British Airways, has seen its shares slump more than 10 per cent since the change, down to the 150 day moving average at 255p. There is good support at 255p, 250p and even at 240p from the 200 day moving average and spread [...]
Mines closed as Cyclone Yasi tears into NE Australia February 2, 2011 CYCLONE Yasi slammed into the north east coast of Australia last night, hitting the city of Cairns at about midnight, causing mass devastation and the closure of coal mines and a huge copper refinery in the area. Copper prices jumped to a record high of nearly $10,000 (£6,171) a tonne yesterday, fuelled by tight supplies [...]
FTSE sticks above 6,000 after volatile day February 2, 2011 The FTSE’s mainstay miners and banks pushed the benchmark index to close just above 6,000 points – but profit taking and uncertainty over violent clashes in Egypt caused a turbulent day’s trading. The FTSE 100 closed up 42.25 points, or 0.7 per cent, at 6000.07, extending Tuesday’s 1.6 per cent rise. The index has recovered [...]
FTSE sticks above 6,000 after volatile day February 2, 2011 The FTSE’s mainstay miners and banks pushed the benchmark index to close just above 6,000 points – but profit taking and uncertainty over violent clashes in Egypt caused a turbulent day’s trading. The FTSE 100 closed up 42.25 points, or 0.7 per cent, at 6000.07, extending Tuesday’s 1.6 per cent rise. The index has recovered [...]