BOXING BANKERS UNLEASH THEIR BULLISH INSTINCTS IN THE RING June 27, 2010 ONE of the City’s biggest bankers’ boxing clubs is setting up a championship fight for a charity night soon. The Real Fight Club in Spitalfields, London’s original home to the practise of “white collar boxing” (i.e. boxing by bankers) is holding a boxing showcase evening on 15 July and expects to see a City audience [...]
WHAT THE OTHER PAPERS SAY THIS MORNING November 17, 2010 FINANCIAL TIMES AGARWAL’S PROJECT QUASHED Anil Agarwal, the Indian billionaire who controls Vedanta, the UK-listed mining group, has suffered a setback to his philanthropic ambitions, hard on the heels of legal problems this year involving some of the group’s Indian operations. Mr Agarwal’s plans to build a $3.3bn (£2.1bn) university in a coastal area of [...]
Christmas will come early to the high street October 6, 2010 HIGH-STREET retailers have every reason to be cautious right now. If it isn’t the government squeezing households’ disposable incomes with one hand and hiking VAT with the other, then surges in the prices of commodities such as cotton, which is at a 15-year high, are threatening margins. Only last month Next chief executive Simon Wolfson [...]
Britons hit by uncertainty September 26, 2010 BRITISH households felt their wallets stretched even further in September as a combination of rampant inflation, job market uncertainty and static incomes caused a marked deterioration in households’ finances, the Markit Household Finance Index will show today. Markit’s survey revealed that 27 per cent of households reported a deterioration in September compared to just 7 [...]
THE TIPSTER September 27, 2010 MINING stocks have had a good run recently. With some important economic data due this week in the form of the UK’s GDP and US consumer confidence figures today, some good numbers could push the miners higher. Capital CFDs offers a price of 3,699.1p-3,703.9p for Rio Tinto. Gold’s key resistance level of $1,300 per ounce [...]
UK consumer confidence unchanged due to uncertain economic situation July 30, 2009 UK consumers were no more positive in July than in the previous month as they wait to see what happens to the economic situation over the next 12 months, according to GfK NOP figures released today. Overall UK consumer confidence remained at -25 – a very low level historically – but is nonetheless 14 points [...]
Shoppers fear for economy August 10, 2010 CONSUMER confidence has fallen to the lowest level since May 2009, amid rising everyday costs and jitters about the health of the economy. Nationwide’s confidence index fell seven points to 56 today, the third consecutive monthly drop. The number of households who believe their income will be lower in six months’ time is at the [...]
Retail sales hit by tax and inflation October 21, 2010 THERE is a simple reason why retail sales are beginning to fall, and it has very little to do with the Comprehensive Spending review. A triple whammy of limited pay rises, elevated inflation and tax increases have conspired to impoverish most of the public over the past year, a development that has been barely picked [...]
HMV sales plunge by 10pc in World Cup blow September 9, 2010 Music, books and games retailer HMV Group reported a 10.6 per cent fall in sales for the first quarter as the World Cup distracted customers from DVDs and books. The group, which is trying to widen its product mix with live music and ticketing, said it was pinning its hopes on a successful Christmas period. [...]
HMV sales plunge by 10pc in World Cup blow September 9, 2010 Music, books and games retailer HMV Group reported a 10.6 per cent fall in sales for the first quarter as the World Cup distracted customers from DVDs and books. The group, which is trying to widen its product mix with live music and ticketing, said it was pinning its hopes on a successful Christmas period. [...]