WHAT THE OTHER PAPERS SAY THIS MORNING July 19, 2010 FINANCIAL TIMES FUND BEARS LEAD THE PACK IN VOLATILE MARKETS Bearish hedge fund managers are making their biggest gains since the collapse of Lehman Brothers. Only a handful of hedge fund managers have made money in May and June, when many of the industry’s biggest names were caught out by a sharp rise in market [...]
UNRESOLVED ISSUES CAUSE HEADACHES May 31, 2010 DAVID MORRISON CFD MARKET STRATEGIST, GFT MOST investors will be relieved to see the back of May and hope that June will usher in greater market stability and lower volatility. The last month has been a shocker, with only the relief rally at the end of last week ensuring that major indices avoided a fall [...]
Dragon Oil reports production increase and plans 10 per cent growth by 2012 April 22, 2010 DRAGON Oil yesterday reported a nine per cent increase in daily output for the first quarter of this year. The oil and gas explorer increased daily production to 47,654 barrels and said it was “satisfied that there is sufficient capacity in existing marketing routes to satisfy current production”. Dragon said that another three development wells [...]
WHAT THE OTHER PAPERS SAY THIS MORNING June 16, 2010 CHÁVEZ ATTACKS ECONOMIC CRITICS Hugo Chávez has strongly defended his economic record as president of Venezuela after a turbulent year in which the country has been rocked by recession and 30 per cent inflation. Chávez used an interview to assail his critics in the US and Europe, saying the performance of the Venezuelan economy contrasted favourably [...]
THREE EVENTS TO SHAKE UP THE WORLD February 23, 2010 FOLLOWING weeks of turbulence, FX appears to have found temporary support. So this week I want to consider three unlikely, but not improbable, scenarios that could have a radical impact on the markets this year. GREECE IS THE TIP OF THE ICEBERG The news that Greece used complex swaps to improve its budget finances put [...]
WHAT THE OTHER PAPERS SAY THIS MORNING April 5, 2010 FINANCIAL TIMES DUBAI WALTH FUND BUY-OUT HEAD SWITCHES TO CARLYLE Carlyle, the US-based private equity group, has poached Eric Kump, head of Dubai International Capital’s European private equity team, leaving the sovereign wealth fund with a troubled portfolio and lacking funds for new deals. Mr Kump will on Tuesday be unveiled by Carlyle as a [...]
What the other papers say this morning May 10, 2010 FINANCIAL TIMES ABN AMRO ADMITS SANCTIONS BREACH The former ABN Amro, now part of Royal Bank of Scotland, on Monday agreed to pay $500m (£337m) in fines as part of a settlement with the Department of Justice and admitted that it willfully and systematically violated US sanctions against Iran, Libya, the Sudan and Cuba. The [...]
Efficient tale of swords and magic May 20, 2010 Film PRINCE OF PERSIA: SANDS OF TIME Cert: 12A *** BASED on a computer game, Prince of Persia: Sands of Time sees doe-eyed actor Jake Gyllenhaal switch to swashbuckling action star, not entirely successfully. He’s got the beefy physique, and thanks to CGI there’s no end to the acrobatic leaps and somersaults he can perform [...]
Debenhams is boosted by its own products March 16, 2010 HIGH Street stalwart Debenhams yesterday said first half profits will beat those from last year despite the “challenging” backdrop and the snow disrupting shoppers. The department store group, which operates 158 stores in the UK and Ireland, said its focus on own bought products had boosted profit margins but slightly knocked sales growth. Like-for-like sales [...]
WHAT THE OTHER PAPERS SAY THIS MORNING February 28, 2010 THE SUNDAYS The Sunday Telegraph NIKE BOSS MARK PARKER DEMANDS NEW RULES ON VALUING BUSINESS The global chief executive of Nike, one of the most powerful retail brands in the world, has said that companies will have to find more sophisticated ways of judging value and impact on the environment if they are to resist [...]