London rises as miners and energy companies set pace March 1, 2010 LONDON’S top share index rose one per cent yesterday as big gains from miners and energy stocks, boosted by firmer commodity prices, outpaced faltering banks following disappointing results from HSBC. The FTSE 100 closed 51.42 points higher at 5,405.94 points, having hit a five-week high earlier in the session of 5,420.83. The index has rebounded [...]
London’s top shares tumble as oil and mining companies slip February 25, 2010 BRITAIN’S leading shares fell 1.2 per cent yesterday, sliding back in the afternoon in tandem with New York stocks, with miners and oils the main drag as commodity prices fell back pressured by a firmer US dollar. By the close, the FTSE 100 index was 64.69 points lower at 5,278.23, reversing again after Wednesday’s 0.5 [...]
FTSE rises as commodities and financials set the pace March 3, 2010 BRITAIN’S leading shares gained 0.9 per cent yesterday, boosted by strength in miners and oils, banks and life insurers, as upbeat US data lifted Wall Street. At the close, the FTSE 100 was 49.15 points higher at 5,533.21, ending at a seven-week peak on its fourth straight session of gains. “All the figures were pretty [...]
Hiscox upbeat despite fall in renewal rates January 25, 2010 BRITISH insurer Hiscox reported a drop of up to seven per cent in average reinsurance prices as policies came up for renewal this month, but said the lower rates still offered attractive profit margins. Reinsurance rates fell between five and seven per cent, Bermuda-based Hiscox said yesterday, blaming stiff competition between well-capitalised reinsurers.. The firm [...]
Judgement day looms for speedster Jon February 11, 2010 2010 WINTER OLYMPICS JON Eley will have to hope his bold promises don’t come back to haunt him as he prepares to start his Winter Olympic medal bid. In Turin four years ago the short track speed skater finished fifth in the men’s 500m final – and promptly promised an upgrade in Vancouver. “I’ll be [...]
WHAT DOES THE CHANCELLOR’S BUDGET MEAN FOR YOU? March 24, 2010 KATE SOLWAY, 30 FUNDS CONTROLLER AT PRIVATE EQUITY FIRM COGNETAS Kate is single and lives in rented accommodation with flatmates. She also owns two investment properties – one a London flat with a mortgage which she rents out, and the other a holiday home under construction in Cape Verde, which she owns outright and will [...]
BARCLAYS HIRES CLINTON SPINNER PENN FOR POST-CRUNCH COUNSEL August 5, 2009 BARCLAYS has brought in the big guns. Actually, it’s just the one gun, but they don’t come much bigger – Mark Penn, the American political pollster-cum-public relations guru who numbers both the Clintons, former UK Prime Minister Tony Blair and Microsoft boss Bill Gates among his powerful clients. Penn is the worldwide chief executive of [...]
WHAT THE OTHER PAPERS SAY THIS MORNING March 1, 2010 FINANCIAL TIMES TOYODA APOLOGY TOUR IN BEIJING Akio Toyoda, chief executive of Toyota Motor, apologised to Chinese consumers yesterday during a visit to Beijing, as he extended his effort to repair Toyota’s image to the biggest-volume car market in the world. Toyoda flew to China from the US where he had received tough criticism from [...]
THE NAME GAME IS ON FOR MANCHESTER UNITED’S RED KNIGHTS March 4, 2010 IS A setback in the offing for the self-styled “Red Knights”, the group of City businessmen plotting to seize control of Manchester United from current owners, the Glazer family? The Capitalist only asks having chanced upon another, very different, group bearing the same name while trawling the Internet yesterday. Actually, the moniker belongs to a [...]
£50m payday for Paulson Europe team January 7, 2010 PAULSON Europe, the UK arm of the hedge fund that made £400m betting against British banks during the financial crisis, boosted its revenues by 42 per cent last year. Four directors shared more than £50m for the 12 months to March as profits soared, according to the latest accounts. The highest-paid director, thought to be [...]