Services sector up – but tough times ahead November 3, 2010 Activity in the services sector unexpectedly gathered pace in October – but forecast for the rest of the year are weakening. The figures are likely to support expectations that the Bank of England will vote not to inject more stimulus into the economy this week but leave that option open further down the line if [...]
Services sector up – but tough times ahead November 3, 2010 Activity in the services sector unexpectedly gathered pace in October – but forecast for the rest of the year are weakening. The figures are likely to support expectations that the Bank of England will vote not to inject more stimulus into the economy this week but leave that option open further down the line if [...]
Few cheers for physical base metal products from analysts October 27, 2010 THIS year’s annual London Metal Exchange (LME) week was abuzz with the news that physical exchange-traded commodities (ETC) for base metals are going to see the light of day. After plenty of speculation in both the press and the markets, ETF Securities confirmed what many had assumed and announced that it was preparing to launch [...]
Cheesegrater skyscraper to get go ahead October 25, 2010 British Land is teaming up with Canada’s Oxford Properties to develop the Leadenhall Building in the City financial district, the second crisis-hit skyscraper project to be revived within a week. Britain’s second-largest property company yesterday said it had agreed terms to build the 47-storey scheme in a 50:50 joint venture with the real estate arm [...]
Some Eurozone stocks have suffered too much November 15, 2010 GIVEN the turmoil in the Eurozone’s financial markets, it would be tempting for the contracts for difference (CFD) trader to avoid the region. After all, there are surely plenty of other markets that appear to offer greater stability and better prospects. And it has been easy to focus on events elsewhere. Whether it was concern [...]
Fall in orders at Laing O’Rourke August 24, 2010 Construction firm Laing O’Rourke said it has axed thousands of staff in the wake of a 15 per cent drop in turnover to £4.3bn last financial year, with the UK and the Middle East hardest hit. The number of lay-offs is unclear, but the company spent £16.2m on redundancy costs. The privately owned company’s order [...]
Spreading risk is crucial if you want to build a stable portfolio December 1, 2010 ONE traditional rule of investing is quite simple. Take your age, subtract it from 100 and invest that percentage of your portfolio in equities and the rest in bonds. When you are young, you have more of your money in stocks, which traditionally perform better over time. As you get older, you move more into [...]
WHAT THE OTHER PAPERS SAY THIS MORNING September 16, 2010 FINANCIAL TIMES VODAFONE BALKS AT BEING FORCED SELLER Vodafone’s chief executive has warned that he will not be “forced” into selling the UK group’s minority stakes in four mobile phone operators. Vittorio Colao insisted that the sale this month of Vodafone’s 3.2 per cent stake in China Mobile for £4.3bn ($6.7bn) was not done in [...]
It’s not all doom and gloom in the City October 28, 2010 IT is important, every so often, to focus on what is going right, rather than on what is going wrong, and on hope, optimism and success rather than failure and misery. That was one of the reasons for City A.M.’s inaugural awards last night, where we celebrated the best and brightest firms and individuals that [...]
Bank minutes reveal fears for growth September 22, 2010 THE chances the Bank of England may have to revive its policy of quantitative easing (QE) have increased, several members of the Bank’s interest rate setting body said at its latest meeting. The Monetary Policy Committee (MPC) voted 8-1 on 9 September in favour of holding interest rates at their current level of 0.5 per [...]