CITY PETROLHEADS WHIZZ OFF TO GOODWOOD FOR FESTIVAL OF SPEED July 2, 2009 GOODWOOD’S glorious Festival of Speed begins today, continuing City socialites’ merry lurch into the silly season after the combined joys of Epsom, Ascot and Wimbledon. This year’s motor extravaganza is themed “True Grit – Epic Feats of Endurance”, and is celebrating the 100 year anniversaries of petrolhead favourites Bugatti, Audi and Morgan. Apparently, ticket sales [...]
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 [...]
Supermarket sweep pushes FTSE to seventh rise in a row July 21, 2009 BRITAIN’S top share index rose for a seventh-straight day yesterday, boosted by supermarkets after a trading update from Wm Morrison, and after strong US quarterly results, with miners also lending support. The FTSE 100 closed 37.55 points higher, or 0.9 per cent, at 4,481.17, following a gain of 1.3 per cent on Monday. The index [...]
CITY VIEWS: WHAT IMPACT DO YOU THINK THE CURRENT POLITICAL TURMOIL WILL HAVE ON THE ECONOMY? June 8, 2009 STEFAN SZECSEI DEUTSCHE BANK“A resolution to the turmoil in the Labour party and some political stability would boost the economy and international investors’ perception of the UK. The unrest is not great in the short-term but there could be long-term gain to be had from it.” BILL MAXTED DE MONTFORT UNIVERSITY“I think that interest rates [...]
Goldman Sachs and Intel trigger bumper day on FTSE July 15, 2009 STRONG corporate earnings numbers and improving economic data from the US lifted the blue chip share index by 2.6 per cent to its highest close in four weeks yesterday. Led by energy firms and banks, the FTSE 100 index ended up 108.78 points at 4,346.46, its third day of gains. The UK benchmark is up [...]
City pair on Sainsbury’s shopping list June 21, 2009 THE race is on at J Sainsbury to choose a successor to replace Sir Philip Hampton as chairman before the retailer’s July annual meeting. The £5.6bn supermarket giant is understood to have shortlisted Burberry chairman John Peace and Thomson Reuters deputy chairman Niall FitzGerald. The search for the £396,000 a year post has been carried [...]
CITY MOVES WHO’S SWITCHING JOBS July 8, 2009 Collins StewartThe investment banking group has appointed Simon Whittley as an intermediary sales manager to its wealth management division. Whittley will be responsible for increasing referral business from law firms, accountants, independent financial advisers and trust companies. He previously worked at Credit Suisse Private Bank, Arbuthnot Latham Investment Management and Close Wealth Management. HSBCAndrew Keen has [...]
Commodities and financials emerge as stars of the index July 13, 2009 THE FTSE 100 closed 1.8 per cent higher yesterday, boosted by stronger energy and mining stocks, while financial shares also provided support to the market which had fallen in five of last eight sessions. The index ended 74.96 points higher at 4,202.13, after falling 0.8 per cent on Friday to its lowest close since 28 [...]
JACKSON CITY RACE INCENTIVE SCRAPPED July 7, 2009 THE fallout continues over tickets from the late Michael Jackson’s planned London tour – and this time, it has hit the City. Standard Chartered, those with elephant-like memories may recall, offered runners in their Great City Race next week the chance to see the King of Pop at the O2 Arena on 6 August, as [...]