FTSE down amid Eurozone gloom May 23, 2012 Miners led the FTSE down in early trading as a two-session rally hit the buffers. Fears that Eurozone leaders have lost control of the bloc’s fast unravelling finances sapped investor confidence. A summit in Brussels today will thrash out possible ways to tackle the latest phase of the crisis including France’s idea for the issuing [...]
FTSE down amid Eurozone gloom May 23, 2012 Miners led the FTSE down in early trading as a two-session rally hit the buffers. Fears that Eurozone leaders have lost control of the bloc’s fast unravelling finances sapped investor confidence. A summit in Brussels today will thrash out possible ways to tackle the latest phase of the crisis including France’s idea for the issuing [...]
Amlin slumps to first half loss August 22, 2011 Lloyd’s of London insurer Amlin crashed to a £192.3m pre-tax loss in the first half of 2011 after absorbing a surge in claims from the Japanese earthquake and other natural disasters. Amlin had earlier this month already flagged up a loss of about £180m, some £65m more than analysts were expecting, because of a bigger-than-expected [...]
FTSE rises fuelled by miners May 22, 2012 The FTSE 100 picked up again this morning as some of last week’s losses were recouped. Hopes that Eurozone leaders were making progress as they tackled the debt mountain engulfing the bloc helped sentiment. One of the ideas to save struggling economies is to issue eurobonds. But an OECD report warned that the fragile global [...]
FTSE falls as fear stalks markets May 16, 2012 Commodity stocks took a hammering this morning as investors ran for cover with the prospect of fresh Greek elections adding to the uncertainty stalking markets. The prospect of Greece exiting the Eurozone were mounting as the country struggles to avoid economic meltdown. But in positive UK news official figures showed a drop in the unemployment [...]
FTSE edges up as Lloyds gains May 1, 2012 The FTSE 100 clawed back some lost ground in early trading with Lloyds among the top gainers after quarterly results that matched forecasts. London’s blue-chip index ended April in negative territory yesterday – its second consecutive monthly loss – as concerns rose over Spain’s economy and political tensions in Europe took their toll. Meanwhile UK [...]
Bank rally helps steady FTSE May 21, 2012 The FTSE 100 was solid this morning despite the storm clouds – created by the Eurozone crisis – still hanging over markets. Over the weekend G8 leaders stressed their “imperative” was to promote growth and jobs and gave verbal backing for Greece to stay in the euro. But despite calls from the United States for [...]
Bank rally helps steady FTSE May 21, 2012 The FTSE 100 was solid this morning despite the storm clouds – created by the Eurozone crisis – still hanging over markets. Over the weekend G8 leaders stressed their “imperative” was to promote growth and jobs and gave verbal backing for Greece to stay in the euro. But despite calls from the United States for [...]
WHO’S SWITCHING JOBS May 3, 2012 KPMG David Ellis has been appointed as a partner and head of KPMG’s UK reward practice, which specialises in advising companies on how to most effectively pay their executives. He joins from BDO, where he was head of human capital and a partner since 2004. Ellis has also previously worked for Ernst & Young and [...]
FTSE drained by Spain and greece woes May 18, 2012 THE FTSE 100 tracked losses across Europe this morning as fast moving events in Greece and Spain drained investor confidence. Moody’s downgraded Spanish banks overnight and Fitch cut its debt rating for Greece as the Eurozone crisis deepened. Spain has lurched into recession and its borrowing costs jumped at an auction yesterday while its banks [...]