BP boosts FTSE as miners, telecoms and banks surge July 30, 2009 BRITAIN’S top share index ended close to a seven-month high yesterday, as better-than-expected earnings from the likes of BT boosted sentiment, lifting miners, banks and telecoms firms. The FTSE 100 closed up 1.9 per cent, or 84.08 points at 4,631.61 points, the highest level since January 6. The index is up 9 per cent so [...]
BP boosts FTSE as miners, telecoms and banks surge July 30, 2009 BRITAIN’S top share index ended close to a seven-month high yesterday, as better-than-expected earnings from the likes of BT boosted sentiment, lifting miners, banks and telecoms firms. The FTSE 100 closed up 1.9 per cent, or 84.08 points at 4,631.61 points, the highest level since January 6. The index is up 9 per cent so [...]
CITY VIEWS: how well are the supermarkets coping with the recession? June 23, 2009 ORRAINE NAYLER ROYAL BANK OF SCOTLAND“I don’t really go to big supermarkets and prefer to shop in my local stores. But I think the budget supermarkets are benefiting from the downturn – the stigma attached to Aldi and Lidl is probably disappearing and people are looking beyond packaging to non-branded goods if they are cheaper.” [...]
CITY VIEWS: how well are the supermarkets coping with the recession? June 23, 2009 ORRAINE NAYLER ROYAL BANK OF SCOTLAND“I don’t really go to big supermarkets and prefer to shop in my local stores. But I think the budget supermarkets are benefiting from the downturn – the stigma attached to Aldi and Lidl is probably disappearing and people are looking beyond packaging to non-branded goods if they are cheaper.” [...]
FTSE 100 hits a yearly high on cheery earnings season July 23, 2009 THE FTSE 100 broke through the 4,500 level yesterday as it rose for the ninth straight day on the back of positive economic data and a rally in banks and miners. The index rose by 66.07 points, or 1.5 per cent, to 4,559.80, the highest closing level since early January, having touched a high of [...]
EU may force banks to sell off divisions June 30, 2009 LLOYDS Banking Group and Royal Bank of Scotland may be forced to dispose of assets in order to meet EU antitrust rules, the European competition commissioner warned yesterday. Speaking at the British Bankers’ Association (BBA) annual conference, Neelie Kroes said that the two banks had an unfair competitive advantage as a result of receiving state [...]
FTSE gains on broad-based rally led by banks and miners July 20, 2009 A BROAD-BASED rally in the stock market saw Britain’s top share index recording gains for a sixth straight day, with banks leading the surge and commodity shares jumping on stronger crude oil and metal prices. The FTSE 100 index ended 54.87 points, or 1.3 per cent, higher at 4,443.62 — the highest close since 11 [...]
JJB agrees a refinancing June 3, 2009 JJB Sports yesterday said it had completed its £50m refinancing and ended its standstill agreement with banks, marking the final chapter of the group’s recent struggles. Following a crucial deal with landlords – which will see it pay no rent on stores that have already been closed – JJB is now able to draw on [...]
Hell’s kitchen for Ramsay’s restaurants July 2, 2009 CELEBRITY chef Gordon Ramsay has found himself in hot water after his UK restaurants suffered a near 90 per cent drop in profits, forcing the foul-mouthed chef to pump his own money into the business. Gordon Ramsay Holdings filed accounts showing that the TV chef and Chris Hutcheson, his father-in-law and business partner, were forced [...]
Hell’s kitchen for Ramsay’s restaurants July 2, 2009 CELEBRITY chef Gordon Ramsay has found himself in hot water after his UK restaurants suffered a near 90 per cent drop in profits, forcing the foul-mouthed chef to pump his own money into the business. Gordon Ramsay Holdings filed accounts showing that the TV chef and Chris Hutcheson, his father-in-law and business partner, were forced [...]