Tyco shares bounce on talk of takeover April 11, 2011 SHARES in US industrial conglomerate Tyco International received a boost yesterday after news of bid interest from Schneider Electric. Schneider, which works with British Airways and public sector bodies on energy efficiency projects, is thought to have hired bankers to examine Tyco ahead of a possible takeover offer, although the plan is at an early [...]
BA faces fresh strikes March 28, 2011 BRITISH AIRWAYS cabin crew yesterday voted in favour of taking fresh strike action in a dispute that has so far cost the airline more than £150m. The Unite union, which represents 90 per cent of BA’s 12,000 cabin crew, said more than four-fifths of the 6,981 staff who returned valid voting papers voted in favour [...]
FTSE rallys on commodities but Eurozone doubts linger May 24, 2011 BRITAIN’S top shares rose yesterday as rallying commodity stocks helped the index recover some of its poise, but the advance may be short-lived as investors find themselves hemmed in by Eurozone debt concerns. The FTSE 100 closed up 22.52 points or 0.4 per cent at 5,858.41, having hit a two-month closing low on Monday after [...]
WHAT THE OTHER PAPERS SAY THIS MORNING May 31, 2011 FINANCIAL TIMES UK CONSUMER RECOVERY SET TO BE SLOWEST IN 180 YEARS The UK economy is set to experience the slowest pick-up in consumer spending of any post-recession period since 1830, according to a Financial Times analysis of official forecasts. Families are expected to spend just slightly more by 2015 than they were before the [...]
BEST OF THE BROKERS April 6, 2011 BURBERRY Nomura rates the luxury retailer “neutral” with a target price of £12. The broker expects the firm’s half-year trading update on 19 April to show a 14 per cent rise in like-for-like retail sales, which will make up 70 per cent of overall sales. While Nomura expects another vintage year from Burberry, it has [...]
FTSE rebounds but Wall St fall goes on May 24, 2011 UK stocks rebounded today as miners regained ground after grim falls yesterday, though final gains were small. The FTSE 100 ended the session 0.4 per cent higher at 5,858.41 but recorded a high of 5,884.66 in the day’s trading as investor confidence returned. Bargain hunters moved in on miners, which recovered along with metals prices [...]
FTSE rebounds but Wall St fall goes on May 24, 2011 UK stocks rebounded today as miners regained ground after grim falls yesterday, though final gains were small. The FTSE 100 ended the session 0.4 per cent higher at 5,858.41 but recorded a high of 5,884.66 in the day’s trading as investor confidence returned. Bargain hunters moved in on miners, which recovered along with metals prices [...]
TRAVEL NOTES March 20, 2011 BA’s American shuttle British Airways and American Airlines have combined forces to create a transatlantic shuttle service. The most dramatic change is to the Heathrow to New York route: previously nearly half of all flights were departing at the same time, leaving gaps of up to three hours between services; now they will depart every [...]
Euro woes and commodity falls leave FTSE low May 23, 2011 Fears of debt default in Greece, election upset in Spain and weakness in Italy’s economy caused the FTSE to tank to a two-month low today. Commodity stocks led the fallers as the FTSE 100 index plunged more than 100 points to close down 1.9 per cent at 5,835.89. Investors abandoned risky assets after rating agency [...]
Fresh Eurozone debt fears see FTSE plunge to two-month low May 23, 2011 RENEWED concerns about the Eurozone debt crisis triggered a steep sell-off of Britain’s top shares yesterday, led by commodity stocks, with some analysts and investors seeing little on the horizon to tempt investors back into the market. The FTSE 100 index ended at its lowest closing level since 23 March, off 112.60 points, or 1.9 [...]