Factory output in unexpected fall August 9, 2011 Factory output fell unexpectedly in June, an unwelcome reminder of the poor state of the country’s economy as it faces new challenges from global financial turmoil and widespread riots in London and other cities. The weak official data followed reports overnight from trade associations of low consumer confidence in the retail and property markets last [...]
Dollar dented but not depressed November 8, 2011 FAIR FX RISHI PATEL Activity in the US has clearly been overlooked, as the chaos in the Eurozone takes the limelight. 2011 has been one of the more difficult years for macro trading, with the US economy so far managing to avoid heading back into recession. Early in the month we saw the release of [...]
Dollar dented but not depressed November 8, 2011 FAIR FX RISHI PATEL Activity in the US has clearly been overlooked, as the chaos in the Eurozone takes the limelight. 2011 has been one of the more difficult years for macro trading, with the US economy so far managing to avoid heading back into recession. Early in the month we saw the release of [...]
Redrow profit tops forecasts September 8, 2011 Housebuilder Redrow has posted full-year pre-tax profit ahead of expectations, thanks to a ten per cent rise in selling prices, but warned the outlook for the property market is challenging. Redrow, one of the smaller listed volume housebuilders, made £25.3m pre-tax profit in the year to the end of June, compared with £0.7m in 2010 [...]
WHAT THE OTHER PAPERS SAY THIS MORNING October 12, 2011 FINANCIAL TIMES SHAREHOLDER ACTIVISM RISING IN US Activism by prominent shareholders is on the rise in the US, as beaten-down share prices and a renewed focus on streamlining companies give investors an opportunity to push for change at large companies. In the first three quarters of the year, there was a 90 per cent rise [...]
CBI upbeat on prospects for 2012 growth July 31, 2011 IN spite of the lacklustre backdrop provided by the UK economy this year, the Confederation of British Industry (CBI) has stuck to its forecasts for growth in 2012, predicting a modest 2.2 per cent rise in GDP. But the squeeze on household incomes from higher commodity prices and an erosion of business confidence means that [...]
Easy money October 6, 2011 • Bank stuns markets with £75bn more QE • ECB to boost liquidity with €40bn bond buy-up • Osborne poised to give credit to private firms SIR Mervyn King, the Bank of England governor, stunned markets by turning Britain’s electronic printing presses back on yesterday, as he announced a second round of quantitative easing (QE) worth [...]
TUI on track for full year August 10, 2011 TUI Travel , Europe’s biggest tour operator, said it was on track to meet expectations for the full year, boosted by a strong performance in its British and Nordic businesses. The company, which is majority owned by German group TUI, reported a 57 per cent rise in operating profit to £88m in the third quarter [...]
Mall brings fresh hope to struggling UK shopkeepers September 13, 2011 RETAILERS nationwide are facing tough conditions as the economy slows down, but Westfield will transform trade across Stratford and the wider borough, according to the British Retail Consortium (BRC). Retail is currently hard hit. ONS figures for the year to the end of July 2011 show zero growth in the volume of sales. Footfall across [...]
Thomas Cook in top shorted stocks after profit warning August 1, 2011 THOMAS Cook made a surprise entry into the UK’s top ten most shorted stocks by the end of July after it issued its third profit warning in a year, according to Data Explorers. The embattled holiday operator had more than ten per cent of its shares out on loan by 28 July after it warned [...]