Miners and bankers lead rush to share in European success August 30, 2011 BRITAIN’S top shares advanced yesterday, playing catch-up with Europe after a long holiday weekend, led by miners and banks as brokers argued that the recent stock market sell-off has thrown up bargains in the two sectors. JP Morgan highlighted opportunities among miners following their poor performance in August, seeing rewards for those prepared to buy [...]
US debt fears cast shadow on stocks July 26, 2011 UK stocks crawled back into the black today as uncertainty over the US debt ceiling continued to cast a shadow over trading. Appetite for risk remained subdued amid a raft of corporate earnings and economic data showing US and UK economies still struggling to return to growth. The FTSE 100 closed just 0.08 per cent [...]
IT’S WAR July 13, 2011 Stelios reignites row with easyJet over new aircraft SIR Stelios Haji-Iaonnou has refuelled his ongoing row with the board of easyjet, this time urging the company to cut the size of its fleet and reverse its latest order for 35 airbus planes announced in January. In a letter addressed to easyJet’s chairman Sir Michael Rake, [...]
IT’S WAR July 13, 2011 Stelios reignites row with easyJet over new aircraft SIR Stelios Haji-Iaonnou has refuelled his ongoing row with the board of easyjet, this time urging the company to cut the size of its fleet and reverse its latest order for 35 airbus planes announced in January. In a letter addressed to easyJet’s chairman Sir Michael Rake, [...]
Arena says it is considering sale June 23, 2011 THE UK’s largest racecourse operator Arena Leisure yesterday confirmed it is considering a sale of the company. Last year billionaire property investors David and Simon Reuben raised their stake in Arena Leisure to a level just shy of 30 per cent, which was expected to trigger a takeover bid for the company. It is thought [...]
CRUNCH TIME FOR THE HIGH STREET June 26, 2011 FASHION retailer Jane Norman was on the brink of collapse this weekend, after all of its stores across the UK were closed for business, signalling imminent insolvency. Zolfo Cooper, the US accounting firm, has been lined up to put the distressed fashion retailer into a pre-pack administration, which could be approved in court as soon [...]
FTSE up but GDP data casts shadow July 26, 2011 Investors were apparently gaining in confidence that the US would break its deadlock over a debt deal as the FTSE 100 opened on the front foot today. The US is under pressure to rescue its Triple A credit rating by upping its debt ceiling – a controversial move which has driven a wedge between Republicans [...]
THE WEEK AHEAD in association with GFT June 12, 2011 COMPANIES ● Today, the recently listed Glencore will release its first quarter trading statement to 31 March. On the same day, Majestic Wine and Advanced Computer Software will announce for the year. ● Carphone Warehouse and Oxford Instruments will announce on Tuesday. The latter was the first commercial spin-out company from Oxford University. Investors will [...]
UK consumer morale dives again in April April 27, 2011 UK consumers remain sunk in gloom about both their personal finances and the economic outlook, a key barometer published today showed. The GfK NOP consumer confidence index fell in April, after holding steady in February and March, as fears over household finances and the affordability of major purchases increased. The fall, to -31 from -28 [...]
UK consumer morale dives again in April April 27, 2011 UK consumers remain sunk in gloom about both their personal finances and the economic outlook, a key barometer published today showed. The GfK NOP consumer confidence index fell in April, after holding steady in February and March, as fears over household finances and the affordability of major purchases increased. The fall, to -31 from -28 [...]