FTSE enjoys best run in four years July 21, 2009 THE FTSE 100 has had its best run in four years after companies around the world delivered better-than-expected results. The index of top-rated companies ended a seventh day of rises one per cent higher at 4481.17. It is the best winning streak since July 2005, with daily increases bringing the FTSE 100 up 8.7 per [...]
FTSE enjoys best run in four years July 21, 2009 THE FTSE 100 has had its best run in four years after companies around the world delivered better-than-expected results. The index of top-rated companies ended a seventh day of rises one per cent higher at 4481.17. It is the best winning streak since July 2005, with daily increases bringing the FTSE 100 up 8.7 per [...]
FTSE 100 books 11th day of gains July 27, 2009 THE FTSE 100 rose for the 11th session in a row yesterday as investors remained optimistic over the recent flow of strong corporate news and reassuring economic data. The index matched its longest sustained run on record, last seen between late December 2003 and early January 2004. The FTSE 100 was up 9.52 points, or [...]
Xstrata gains bid support August 4, 2009 LARGER-than-life Xstrata boss Mick Davies yesterday said he had investor backing from the mining giant’s largest shareholder in its proposed £26bn merger with Anglo American. Glencore International is “very supportive” of the nil-premium merger, Davies said. The chief executive added that the company had no intention of altering the terms of the proposed marriage. Davies [...]
THE TIPSTER RESULTS AND BUYOUTS TO FUEL MARKET August 9, 2009 Interim results are still dominating the headlines and the markets at the moment so spread betters should be well aware of which companies are reporting and what the market is expecting from them. Insurance company Friends Provident reports interims on Tuesday and investors will be hoping for an update on the Resolution situation. For investors [...]
What obstacles would an Xstrata / anglo tie-up face? June 22, 2009 ALAIN WILLIAM SOCIETE GENERALA merger of Xstrata and Anglo American would make strategic sense. We don’t think the deal will raise competitive concerns. However, we believe the deal carries significant execution risk given potential political headwinds in South Africa, home to around 50 per cent of Anglo’s assets. RONNIE CHOPRA FALCON SECURITIESIf the merger does [...]
CRAZY HORSES beneath the bonnet September 8, 2009 BENEATH a considerable amount of wing, skirt and angular metal lies a car, the chavmobile that is the FQ 400. I clamber on board the Mitsubishi gunship, turn the ignition key and on comes Radio 3. What? The delivery driver, an ex-policeman, had been driving the mother of all on-road anarchy magnets whilst listening to [...]
CRAZY HORSES beneath the bonnet September 8, 2009 BENEATH a considerable amount of wing, skirt and angular metal lies a car, the chavmobile that is the FQ 400. I clamber on board the Mitsubishi gunship, turn the ignition key and on comes Radio 3. What? The delivery driver, an ex-policeman, had been driving the mother of all on-road anarchy magnets whilst listening to [...]
Pharmaceuticals inject more life into the FTSE 100’s rise July 22, 2009 THE FTSE 100 added 0.3 per cent yesterday, extending its winning streak to eight sessions thanks to modest gains on Wall Street and solid second-quarter results from drugs giant GlaxoSmithKline. At the close, the index was 12.56 points higher at 4,493.73, up 8.2 per cent over the past eight sessions. Drug maker Shire was the [...]
Pharmaceuticals inject more life into the FTSE 100’s rise July 22, 2009 THE FTSE 100 added 0.3 per cent yesterday, extending its winning streak to eight sessions thanks to modest gains on Wall Street and solid second-quarter results from drugs giant GlaxoSmithKline. At the close, the index was 12.56 points higher at 4,493.73, up 8.2 per cent over the past eight sessions. Drug maker Shire was the [...]