WALL STREET TO KEEP ON CLIMBING POST-FED’S QE November 7, 2010 With the Fed confirming the latest round of quantitative easing and the Dow breaking above the April high of 11,258, this now becomes the first level of support for the index. WorldSpreads offer a two-point spread on the Dow Jones index. US crude oil was given a boost by the Fed decision and positive US [...]
Rose: Shoppers can cope October 25, 2010 Stuart Rose, chairman of bellwether British retailer Marks & Spencer, said consumers can cope with government spending cuts and retail sales will grow next year, even though trading will be tough. “I believe that consumers want clarity and what the chancellor did last week was give consumers absolute clarity about what to expect,” Rose said [...]
Banks propel FTSE upwards after interest rates decision December 9, 2010 BANKS helped Britain’s top shares rise yesterday after the Bank of England kept interest rates and quantitative easing measures unchanged, while US jobs figures raised hopes that a recovery was under way. The FTSE 100 was up 13.43 points, or 0.2 per cent, at 5,807.96, eradicating Wednesday’s losses, though gains were muted, with some traders [...]
Legal eagle: how London’s top law firm retained its grip on the City February 20, 2011 The head of law firm Slaughter and May is two minutes late for his interview with City A.M., for which he immediately apologies. The first thing is surprising; the second is not. The partners in this blueblooded City institution have spent a lifetime doing things correctly. Even among other Magic Circle outfits, this firm manages [...]
Goodies certain to make dads beam June 9, 2010 DRAPER 40765 POWER DRILL £49.99 from amazon.co.uk It is a truth universally acknowledged that a dad hasn’t come of age before he has his very own power drill. This cordless model from Draper Tools is a durable option with long-lasting, fast-charing and reliable batteries that won’t fail you when you’re away from a power supply. [...]
Chancellor to declare the winners and losers June 21, 2010 WITH tax rises and spending cuts expected in today’s Budget, many equity strategists are advising investors to steer clear of stocks heavily reliant on UK-based revenues. Instead, contracts for difference (CFD) traders should target equities with international and private sector exposure. The emergency Budget is likely to focus on tax rises instead of detailed spending [...]
M&S pledges to launch new lines as profit rises November 9, 2010 MARKS & SPENCER will launch hundreds of new lines as it relies on its “special” image to fuel profit over the next three years, its new chief executive said yesterday. Marc Bolland unveiled his blueprint for the retailer while also announcing a 17 per cent rise in half-year pre-tax profit to £348.8m. Bolland, who took [...]
Booker buys Courivaud to boost its hotel trade October 14, 2010 CASH and carry giant Booker yesterday bought a rival which supplies Michelin-starred restaurants and leading hotel chains. It paid £14.5m for Ritter-Courivaud, which counts chef Rick Stein among its customers. Booker wants to expand the range of its catering offering through Ritter, which will remain under the management of Ian Le Vesconte. Chief executive Charles [...]
Booker buys Courivaud to boost its hotel trade October 14, 2010 CASH and carry giant Booker yesterday bought a rival which supplies Michelin-starred restaurants and leading hotel chains. It paid £14.5m for Ritter-Courivaud, which counts chef Rick Stein among its customers. Booker wants to expand the range of its catering offering through Ritter, which will remain under the management of Ian Le Vesconte. Chief executive Charles [...]
Morrisons’ sales growth slows despite record number of customers in stores May 6, 2010 SUPERMARKET giant Morrisons has seen record numbers of customers in its stores but the new financial year has been hit by a slowdown, it said in a trading statement yesterday. The group has continued to grow market share in the first quarter with sales, excluding fuel, up 5.9 per cent in the 13 weeks to [...]