FTSE 100 down as investors await US jobs report November 2, 2012 The leading share index was trading down in early trading, as investors were cautious ahead of October’s US jobs report. The key US data is forecast to show non-farm payrolls rose 125,000 last month following a 114,000 increase in September. Insurer Admiral Group was the biggest blue chip loser this morning, shedding more than five [...]
FTSE 100 down as investors await US jobs report November 2, 2012 The leading share index was trading down in early trading, as investors were cautious ahead of October’s US jobs report. The key US data is forecast to show non-farm payrolls rose 125,000 last month following a 114,000 increase in September. Insurer Admiral Group was the biggest blue chip loser this morning, shedding more than five [...]
What the other papers say this Morning December 11, 2012 FINANCIAL TIMES Call for cleaner succession strategies Companies must improve their succession planning and make sure they have strong candidates ready to take the helm as chief executive, or risk undermining shareholder value and damaging market performance. The Association of British Insurers (ABI), which represents some of the UK’s biggest investors, gave the warning as [...]
The welfare trade-off: Why raising benefits doesn’t boost the economy December 17, 2012 DAVID Cameron often says that growth is the coalition’s priority. Yet the 2010 Comprehensive Spending Review stated its priorities included aid, the NHS, fairness and social mobility. Clearly, some of these will directly conflict with the growth agenda. Public policy inevitably entails trade-offs. We should therefore be suspicious about policies that supposedly produce the “double [...]
FTSE 100 down on concerns over Greece November 21, 2012 The blue chip index edged down in early deals today, weighed down by a lack of agreement among Greece’s international lenders on emergency aid for the Eurozone country. Credit card insurer CPP Group fell 7.48 per cent, while Imagination Technologies sank 6.42 per cent on the news that it faced a rival for its bid [...]
FTSE 100 down on global growth concerns November 16, 2012 The blue chip index edged down in early deals as investors fretted over US fiscal cliff concerns and Eurozone growth. Buyout group Melrose was the biggest faller on the leading share index, shedding 13.69 per cent as it said it was facing slowing revenue trends. Utility firm Pennon firm 2.55 per cent, while steelmaker Evraz [...]
Weak investor sentiment holds back FTSE 100 November 14, 2012 Worries over the US economy and Greece’s unresolved debt crisis dragged down the leading share index in early trading this morning. On the FTSE All-Share, broker Icap led the fallers, tumbling 6.32 per cent as it reported a 26 per cent drop in profits. Electricals retailer Darty fell 5.46 per cent in early deals, as [...]
Eurozone worries weigh on FTSE 100 November 15, 2012 The leading share index was trading down this morning, as investors were spooked by growth worries in the Eurozone. Wolfson Microelectronics sank six per cent in early trading, followed closely by stove maker Aga, which fell 5.42 per cent. Engineering firm Wood Group declined 4.82 per cent, while investment manager Man Group dropped 4.8 per [...]
Ex-FDIC chair calls for stricter rules September 26, 2012 US banks should have the amount they can borrow against their equity halved, according to Sheila Bair, the former chairman of the Federal Deposit Insurance Corporation (FDIC). Bair’s memoir of the financial crisis, “Bulls by the Horns”, said banks should have a borrowing ratio of eight per cent, rather than the current four per cent, [...]
HSBC warns bill for laundering may rise higher November 5, 2012 HSBC might have to hike its provisions for US fines for allowing money laundering, the bank said yesterday, as the final cost could rise well above the $1.5bn (£939m) it has set aside so far. Poor controls meant Mexican drug dealers used HSBC – without the bank’s knowledge – to launder money. Chief executive Stuart [...]