Galliford Try bounces back September 15, 2010 UK housebuilder and construction firm Galliford Try posted a 6.5 per cent rise in full-year adjusted pre-tax profit, aided by growth in its housebuilding division, and said it was on track for expanding the unit. The firm, whose origins can be traced back to 1908 when WS Try formed a construction business that carried out [...]
House prices plunge by £6k in one month October 7, 2010 HOUSE prices fell 3.6 per cent month-on-month in September, their largest fall since records began in 1983 wiping £6,000 off the value of a typical property around the country in a single month. Halifax, now part of Lloyds Banking Group and the country’s largest motgage lender, said yesterday in its closely watched index that the [...]
Positive open is forecast after jumpy trading September 19, 2010 A mildly positive start is the call for stocks this morning, but after Friday’s jumpy trading session sentiment is mixed. GFT is quoting the FTSE 100 index to open up 8 points from Friday’s close, at a level of 5,516. The German DAX 40 is expected to open up 9 points at 6,218, and the [...]
Spending Review Reaction October 20, 2010 THE GILTS EXPERT Killik & Co provides advisory services to private investors of all sizes. It offers advice on a wide range of financial matters, including CFDs, equities, fixed income markets and funds of funds INVESTMENT STRATEGIST PATRICK GORDON “The gilts market reaction has been fairly muted to the spending review although we did see [...]
IMF is right – but savings crisis looms September 27, 2010 GEORGE OSBORNE was a happy man yesterday, courtesy of the usually dour International Monetary Fund (IMF), which released an unusually effusive and gushing endorsement of the coalition’s macroeconomic policies. The IMF is upbeat for 2011, predicting growth of two per cent. It makes it clear that slashing the deficit and controlling public spending is the [...]
Shadow MPC doves reverse pro-QE stance November 3, 2010 STRONG third-quarter GDP growth has persuaded a majority of City A.M.’s shadow Monetary Policy Committee (MPC) that rates should be kept on hold this month, with further quantitative easing (QE) staved off for now. The Bank of England MPC will meet today to decide whether to resume QE or raise interest rates from 0.5 per [...]
Growth in China on the cards at Boots November 7, 2010 HIGH STREET health and beauty retailer Boots hopes to make headway in China when its executive chairman travels to the country as part of David Cameron’s first official visit as Prime Minister. Stefano Pessina has reportedly organised talks with potential partners in Beijing and Shanghai while he is in the country, as part of a [...]
The age of flexible pensions October 7, 2010 AS UNIONS reacted furiously to the publication of Lord Hutton’s public sector pensions review yesterday, Britain’s working population has a trickier issue to resolve than raising “French-style riots”: what to save and how. Despite de-leveraging significantly over the last year, Brits are still not saving enough. And on top of the pensions deficit, it is [...]
Emerging markets to buoy Pernod Ricard October 12, 2010 LOOK to the top of any global blue-chip company these days and you’re likely to find an accountant playing a key strategic role and not simply doing the books. Gilles Bogaert, managing director of finance at Pernod Ricard, is no exception. Having originally joined the French drinks giant in 1995 as an internal auditor, Bogaert [...]
FTSE gains ground as mining shares are lifted by US data August 31, 2010 BRITAIN’S top shares closed up yesterday as miners gained on firmer US economic data which eased investor anxiety on the global economic recovery, while ARM Holdings jumped on renewed takeover talk. The FTSE 100 gained 23.66 points, or 0.5 per cent at 5,225.22, adding to the 0.9 per cent gain on Friday, as UK traders [...]