Rapid responses October 18, 2012 Greek reform [Re: Greece must stop hitting snooze and wake up to economic reform, yesterday] Although Matthew Melchiorre is right to criticise Greece’s politicians for failing to reform their state, he misses a bigger issue. Politicians aren’t operating in a vacuum. Much of the Greek public – quite unlike the Estonians or Irish – doesn’t accept [...]
Rapid responses October 18, 2012 Greek reform [Re: Greece must stop hitting snooze and wake up to economic reform, yesterday] Although Matthew Melchiorre is right to criticise Greece’s politicians for failing to reform their state, he misses a bigger issue. Politicians aren’t operating in a vacuum. Much of the Greek public – quite unlike the Estonians or Irish – doesn’t accept [...]
Icap profit view sapped by low trading volume September 26, 2012 ICAP, the world’s largest inter dealer broker, lowered its forecast for annual profit yesterday as it revealed revenues for the first half of the year are expected to plunge 14 per cent. Lacklustre trading over the summer, with volumes in capital markets seeing double-digit drops, forced the firm to cut its pre-tax profit forecast from [...]
What the other papers say this morning August 28, 2012 FINANCIAL TIMES Vestas in rescue talks with Japanese Vestas, the struggling Danish wind turbine manufacturer, is in rescue talks with Japan’s Mitsubishi Heavy Industries as it seeks to shore up its financial and competitive position. Cost-cutting squads to help hospitals balance the books Teams of cost-cutting experts will be sent into hospitals across the country [...]
Here’s the real Plan B for Britain: We need a competition revolution May 14, 2012 NO ONE can dispute that the UK economy needs more growth. It seems that the coalition’s essential austerity measures are not enough. But despite its cheerleaders, the usual Plan B, based on debt-financed infrastructure spending, won’t make any difference to growth – while denting confidence. One such plan suggested £30bn in spending. Over three years, [...]
Calling all traders: One day to go May 22, 2012 David Jones is the chief market strategist of IG Index and he will be delivering a masterclass at Active Trader on financial spread betting and contracts for difference. TRADING COMMENT DAVID JONES FOR many years, trading financial markets in general, and spread betting in particular, was felt to be the reserve of City professionals. But [...]
Bosideng London founder Mr Gao is a man with a plan October 21, 2012 THE LAST time you walked on South Molton Street you would have gone past The Hog in the Pound, a not especially enticing-looking pub that sat at the top of the famous road where it meets with Oxford Street. Walk there today and it looks completely different. Let’s just say it’s had an upgrade; £25m [...]
Best of the Brokers August 28, 2012 MAX PETROLEUM Merchant Securities has changed its recommendation on the Kazakh-focused oil & gas company to “sell” from “hold” and lowered its targetr price on the stock from 4.8p to 3.1p following a writedown of 2.7m barrel reserves and knock-on effect of the reduction on half-year resevre figures. The broker is also concerned that there [...]
British Land acquires mall July 31, 2012 BRITISH LAND yesterday said it has bought a 50 per cent share in the Eden Walk shopping centre in Kingston-upon-Thames for £41.5m. The firm bought the stake in the 1960s mall from the Universities Superannuation Scheme, its partner on Whiteley Shopping Centre in South Hampshire, which is due to open next year. The pair plan [...]
FTSE 100 opens flat as investors bide time September 10, 2012 The leading share index opened modestly lower this morning, as investors were cautious ahead of key Eurozone and US Federal Reserve meetings this week. A selection of miners and retailers led the index up. Specialist engineering company Lamprell added nearly five per cent in early deals on news that it signed a joint venture deal [...]