Short sellers aim for Next and Glencore on FTSE 100 October 3, 2011 FASHION retailer Next was the most shorted stock on the FTSE 100 in September as investors bet its share price would be dented by further pain on the high street, data from Data Explorers yesterday showed. Investors, primarily hedge funds, borrowed close to eight per cent of Next’s shares to take short positions as retail [...]
BAA air traffic edges higher April 11, 2011 Passenger traffic at BAA airports rose slightly last month compared with March 2010, helped by the popularity of flights to China and India from London’s Heathrow and growth at its three Scottish airports. BAA, majority owned by Spanish infrastructure group Ferrovial, said 8.27 million passengers flew from its UK airports last month compared with 8.19 [...]
PERSONAL FINANCE NEWS September 7, 2011 NEW MOBILE APP FOR INVESTORS Hargreaves Lansdown has released a new smartphone app, allowing investors to view their Isa, Sipp and other investments on both iPhone and Android systems. Ofcom figures show that 27 per cent of UK adults now own a smartphone.“The age of connected computing is with us,” says Richard Hunter, head of [...]
House prices to be hit by slow demand October 2, 2011 SINKING demand from a cash-strapped population is set to send house prices tumbling in the coming months, according to the latest survey from Hometrack, released today. The number of prospective house-buyers fell in August and September, while supply has outstripped demand so far this year. “Continuing economic uncertainty both at home and in the Eurozone [...]
UK’s economic outlook reveals unsightly view November 7, 2011 ACCOUNTANCY firm BDO joins an ever-growing group warning that the UK’s economy is on the cusp of recession. In its latest business trends report, optimism levels came in below the crucial 95.0, for the first time since July 2009, for both the manufacturing and services sectors. BDO partner Peter Hemington says: “Businesses’ hiring intentions point [...]
UK’s economic outlook reveals unsightly view November 7, 2011 ACCOUNTANCY firm BDO joins an ever-growing group warning that the UK’s economy is on the cusp of recession. In its latest business trends report, optimism levels came in below the crucial 95.0, for the first time since July 2009, for both the manufacturing and services sectors. BDO partner Peter Hemington says: “Businesses’ hiring intentions point [...]
Giving ninety per cent of its tickets away is P&G’s winning 2012 strategy October 5, 2011 COUNTDOWN TO THE LONDON 2012 OLYMPIC GAMES 295 DAYS TO GO Irwin Lee explains why being the Proud Sponsor of Mums makes business sense for Procter & Gamble Q.WHAT WAS YOUR BRAND’S PRIMARY REASON FOR BEING INVOLVED WITH THE GAMES? A.Our first involvement with the Olympics came in Vancouver with the 2010 Winter Games. We [...]
Eurozone deal fails to breathe new life into markets September 30, 2011 The FTSE 100 opened down today as action to increase the Eurozone’s bailout fund failed to breathe new life into global markets. World stocks fell with European shares set to post their biggest quarterly decline since the collapse of Lehman Brothers three years ago, as investors grappled with a slowdown in global growth and the [...]
Eurozone deal fails to breathe new life into markets September 30, 2011 The FTSE 100 opened down today as action to increase the Eurozone’s bailout fund failed to breathe new life into global markets. World stocks fell with European shares set to post their biggest quarterly decline since the collapse of Lehman Brothers three years ago, as investors grappled with a slowdown in global growth and the [...]
Britain is not a safe haven in Osborne’s hands September 19, 2011 The shadow chancellor calls for a change in the UK’s course THE global economy has entered a dangerous new phase. It’s now more vital than ever that countries have credible economic plans to ensure economic growth and get deficits down. I believe there are three tests for a credible economic plan. First, there has to [...]