RBS GIVES BACK WITH BORIS BUSINESS DEAL May 15, 2011 GOOD to see that RBS, 83 per cent owned by the taxpayer, is giving something back, after the bank donated £275,000 to Mayor of London Boris Johnson’s “Business Bootcamps”. The scheme, launched last Friday, aims to help London’s fledgling entrepreneurs get their businesses off the ground through a series of bootcamp-style workshops run by business [...]
FTSE buoyed by commodity price rebound May 18, 2011 The FTSE came within a nudge of 6,000 today as strong gains by commodity prices strengthened mining stocks, while property companies topped the gainers. The FTSE 100 closed at 5,923.49, above the 5,860 support level, as risk appetite returned to the market, helped by positive economic data showing UK unemployment fell for a second consecutive [...]
What bouncing dead cats can teach traders about markets May 2, 2011 WHEN it comes to free-falling stocks, as the adage goes, if you can keep your head while all around you are losing theirs, you have probably failed to properly grasp the situation. However, when the market starts to dive, you should keep an eye out for stock prices to do what has long been known [...]
NOISY NEIGHBOURS MAKE MAYOR MICHAEL A SORE-HEADED BEAR May 2, 2011 BEING Lord Mayor of London comes with its benefits. Just ask the present mayor Michael Bear, who took a seat in Westminster Abbey last Friday alongside David Beckham, Elton John and David Cameron as a guest at the Royal Wedding. There is also, of course, the advantage of a grace-and-favour home at Mansion House round [...]
EasyJet in VisitBritain deal March 28, 2011 BUDGET airline easyJet has launched an £18m licensing deal with VisitBritain to promote tourism into the UK over the Royal Wedding, the 2012 London Olympics and beyond. The four-year deal will see the government pay the airline £9m to bring in foreign passengers to the UK. EasyJet will provide the rest of the funding in [...]
BEST OF THE BROKERS March 24, 2011 ENRC UBS rates the Kazakh miner “buy” with a 12-month target price of £13. ENRC’s results on Wednesday met the broker’s expectations, with earnings per share beating forecasts by 13 per cent due to exceptional items linked to an acquisition. UBS expects the firm’s costs to rise in line with the industry as it undertakes [...]
BEST OF THE BROKERS March 24, 2011 ENRC UBS rates the Kazakh miner “buy” with a 12-month target price of £13. ENRC’s results on Wednesday met the broker’s expectations, with earnings per share beating forecasts by 13 per cent due to exceptional items linked to an acquisition. UBS expects the firm’s costs to rise in line with the industry as it undertakes [...]
Interserve posts a decline in profit… March 9, 2011 MAINTENANCE and outsourcing firm Interserve reported a decline in full-year pre-tax profit yesterday, citing challenging conditions, and said it expected stable trading conditions in 2011. Interserve, which last month made a cash and shares approach to peer Mouchel, posted pre-tax profit for 2010 of £64.1m compared to £89.2m in 2009. The company, which provides services [...]
Interserve posts a decline in profit… March 9, 2011 MAINTENANCE and outsourcing firm Interserve reported a decline in full-year pre-tax profit yesterday, citing challenging conditions, and said it expected stable trading conditions in 2011. Interserve, which last month made a cash and shares approach to peer Mouchel, posted pre-tax profit for 2010 of £64.1m compared to £89.2m in 2009. The company, which provides services [...]
ALL CHANGE AT LLOYD’S AS IT RINGS 25 YEARS May 26, 2011 IT MAY seem like only yesterday for many City veterans, but today marks 25 years since the first managing agents moved into the landmark Lloyd’s building on Lime Street. So happy anniversary to the insurance giant, which still shows traces of more than 300 years of Lloyd’s history, such as the famous Lutine Bell, which [...]