Weak banks and fears over Eurozone debt drag on FTSE May 9, 2011 BANKING stocks weighed on Britain’s leading share index yesterday, with the sector hit by their capitulation in a fight over loan insurance mis-selling, and by Eurozone debt concerns after S&P cut Greece’s credit rating. The British Banking Association said members would not appeal a ruling that they compensate customers wrongly sold payment protection insurance (PPI). [...]
Weak banks and fears over Eurozone debt drag on FTSE May 9, 2011 BANKING stocks weighed on Britain’s leading share index yesterday, with the sector hit by their capitulation in a fight over loan insurance mis-selling, and by Eurozone debt concerns after S&P cut Greece’s credit rating. The British Banking Association said members would not appeal a ruling that they compensate customers wrongly sold payment protection insurance (PPI). [...]
City A.M. joins forces with the Epsom Derby January 17, 2011 CITY A.M. has agreed a deal with Epsom Downs Racecourse to become the official newspaper of the Investec Derby Festival, which takes place on Friday 3 and Saturday 4 June at Epsom Downs Racecourse. The agreement will see City A.M. produce a Derby Special Edition as its first ever Saturday newspaper. The 20-page publication will [...]
Orders from UK factories bounce back March 22, 2011 BRITAIN’S manufacturing sector received another boost yesterday, as a leading business survey revealed “above normal” orders for the first time in three years. Yet spiralling prices continue to haunt the industry, with firms expecting inflationary pressures to worsen in the coming months. Over a quarter – 26 per cent – of respondents said that orders [...]
Lloyds leads slide in banking stocks as FTSE loses ground May 5, 2011 SLIDING commodity prices thumped energy stocks and miners while Lloyds Banking Group led financials down, pulling Britain’s top share index lower yesterday, with technicals pointing to further weakness. Bearish investors came to the fore as heavyweight commodity stocks Royal Dutch Shell and Lonmin fell 1.8 and 4.1 per cent respectively on lower crude and metal [...]
ENTREPRENEURS NEWS | IN BRIEF February 13, 2011 BRANDS OF TOMORROW COMPETITION Walpole, the British trade body for the luxury industry, has launched a competition to find Britain’s brand of tomorrow. The prize is mentoring from the people behind Britain’s top luxury brands, including Liberty and Smythson. To be eligible, companies need an annual turnover between £100,000 and £2m per year. Visit www.thewalpole.co.uk [...]
BEST OF THE BROKERS February 10, 2011 ARM HOLDINGS RBS rates the technology company “buy” with a target price of 625p. Hewlett Packard’s introduction of the Palm operating system on its PCs later this year could help ARM penetrate the notebook PC market, moving its market share from one per cent in 2011 to 20 per cent by 2015. RBS estimates that [...]
BEST OF THE BROKERS February 10, 2011 ARM HOLDINGS RBS rates the technology company “buy” with a target price of 625p. Hewlett Packard’s introduction of the Palm operating system on its PCs later this year could help ARM penetrate the notebook PC market, moving its market share from one per cent in 2011 to 20 per cent by 2015. RBS estimates that [...]
Spurs begin Investec deal with Young Boys fixture August 16, 2010 TOTTENHAM have signed an innovative two-year deal with Investec that will see the bank sponsor their shirts in cup matches only. Spurs’ jerseys will bear the Investec name for the first time this evening, when they take on Young Boys of Bern in the first leg of a Champions League qualifying tie. It is not [...]
JJB launches life-saving rent cut plan March 3, 2011 STRUGGLING sportswear retailer JJB Sports is offering its landlords a share of up to £7.5m if they back its rescue plan. The company, in which America’s richest man Bill Gates holds a 5.5 per cent stake set out the details of its second company voluntary arrangement (CVA) in as many years. It needs creditors, including [...]