FTSE100 ends its best ever quarter with profit taking September 30, 2009 THE top share index closed lower yesterday with energy stocks, banks and miners among the biggest laggards on the last session of a record quarter. The FTSE 100 closed down 25.82 points, or 0.5 per cent, at 5,133.90 as investors locked in profits after the index put in its best quarterly performance since it was [...]
FTSE100 ends its best ever quarter with profit taking September 30, 2009 THE top share index closed lower yesterday with energy stocks, banks and miners among the biggest laggards on the last session of a record quarter. The FTSE 100 closed down 25.82 points, or 0.5 per cent, at 5,133.90 as investors locked in profits after the index put in its best quarterly performance since it was [...]
Risks to recovery from overzealous regulations September 20, 2009 Central bankers in the US and UK recently proclaimed the end of the worst global recession since the Great Depression. However, Federal Reserve chairman Ben Bernanke and Bank of England governor Mervyn King have both acknowledged that any recovery will be slow and painful, with unemployment likely to rise for many months to come. As [...]
Economy remains in focus as inflation signs look benign August 16, 2009 LAST week the markets were updated on the views of central bankers from both sides of the Atlantic. In the UK, the Bank of England published their quarterly Inflation Report and from the US we heard comments by the Federal Open Market Committee, accompanying their regular rate-setting meeting. Both presented a benign outlook for inflation. [...]
ARE YOU COMFORTED BY CADBURY’S TRADING ? July 29, 2009 SAM HART CHARLES STANLEYThe company has announced that it has launched Fair Trade certified Dairy Milk in the UK and Ireland which may result in further share gains as a potentially substantial hurdle for competitors As a reflection of increasing confidence it announced an eight per cent increase in dividend. KEITH BOWMAN HARGREAVES LANSDOWNCadbury is [...]
ARE YOU COMFORTED BY CADBURY’S TRADING ? July 29, 2009 SAM HART CHARLES STANLEYThe company has announced that it has launched Fair Trade certified Dairy Milk in the UK and Ireland which may result in further share gains as a potentially substantial hurdle for competitors As a reflection of increasing confidence it announced an eight per cent increase in dividend. KEITH BOWMAN HARGREAVES LANSDOWNCadbury is [...]
Carpetright shares surge as it rolls out the first positive results for two years August 5, 2009 CARPETRIGHT shares rocketed yesterday after it surprised investors by reporting rising sales for the first quarter of this year. The UK’s biggest carpet retailer yesterday closed up 14 per cent to 757p after announcing like-for-like sales had increased by 1.4 percent in the 13 weeks to 1 August, the first rise since the fourth quarter [...]
‘Staycationers’, swine flu and recession dent Kuoni’s results August 20, 2009 LUXURY holiday and tour operator Kuoni yesterday provided fresh evidence on how economic turmoil and the swine flu pandemic have damaged the leisure sector. The Zurich-based firm said it swung to a first-half loss of SFr51m (£29m) compared with SFr26.5m profit in the same period a year ago due to adverse currency movements and rising [...]
BANKERS AND MINERS ARE IN DEMAND September 2, 2009 ALEXANDRE HOUPERTHEAD OF LISTED PRODUCTS UK, SG CORPORATE & INVESTMENT BANKING LIKE all investors, those who use covered warrants will be starting to think about how to position themselves for a potential global upturn. Two sectors in particular have been at the forefront of the market’s summer rally: banking and mining. Given how low banking [...]
Undervalued peso poised to benefit from US recovery August 11, 2009 GIVEN the poor state of Mexico’s economy, you might think that its currency, the peso, would be suffering. Hit hard by global recession and falling oil prices, the real economy is expected to shrink by 5.5 per cent in 2009 while the country’s industrial production is contracting month-on-month. And even the country’s growing tourist industry [...]