THE EVIDENCE THAT LED TO BARCLAYS’ DOOR June 27, 2012 7 April 2006: Email (Trader C requested low one-month and three-month US dollar LIBOR submissions) Trader C: “If it’s not too late low 1m and 3m would be nice, but please feel free to say “no”…Coffees will be coming your way either way, just to say thank you for your help in the past few [...]
St Leger artist Gosden out for more Doncaster glory with Michelangelo September 13, 2012 THE excitement and anticipation is building on Town Moor as Doncaster prepares to welcome Camelot tomorrow for the final Classic of the season. The Aidan O’Brien-trained colt will bid for racing immortality by securing the Ladbrokes St Leger (3.40pm), part of the QIPCO British Champion Series and, with it, the English Triple Crown, last held [...]
US consumer spending growth slows but economy is in line June 28, 2012 THE US economy’s growth slowed as expected in the first quarter, but a less robust pace of consumer spending and export growth than previously estimated could dampen the economic outlook for the current period. American GDP increased at a 1.9 per cent annual rate, the US Commerce Department said in its final reading yesterday, unchanged [...]
Atkins eyes overseas growth as UK wavers June 14, 2012 DESIGN and engineering group WS Atkins is looking to expand further abroad to offset a slide in UK revenues. Atkins, whose projects include the Olympic Games site and widening the M25, reported a 1.1 per cent fall in full year pre-tax profits to £101.6m yesterday, excluding a gain from changes to its pension pot. UK [...]
Oil’s May loss is worst in 3 years May 31, 2012 CRUDE oil futures plunged more than one per cent yesterday to end May with their biggest monthly decline in more than three years. In London, ICE Brent crude futures for July delivery settled at $101.87, down $1.60, the lowest finish for front-month Brent since 4 October. Front-month Brent fell 14.7 per cent for the month, [...]
Law firms show strong growth in tough year June 21, 2012 LAW firms have toughed out a challenging year to grow their fee income by an average of 6.6 per cent – a healthy increase on the previous 12 months. An annual survey released today of the top 100 law firms by global revenue has shown that growth in improving across the sector despite operating against a [...]
SIGNS OF LIFE AFTER SHOPPERS RETURN August 5, 2012 LONDON’S retailers were handed a welcome boost over the weekend as shoppers flocked back to stores, though figures released today show Britain’s high streets have seen their worst monthly sales in almost a year. Footfall picked up in the second half of last week and over the weekend, with the capital’s retailers reporting a leap [...]
Shares drop for fourth straight day on Wall St August 2, 2012 US stocks fell for a fourth day yesterday after European Central Bank President Mario Draghi disappointed investors hoping for immediate action to contain the Eurozone debt crisis. One of Wall Street’s top market makers, Knight Capital Group, was fighting for its survival after a trading glitch that roiled markets on Wednesday wiped out $440m the [...]
Italian business confidence down on sustained recession May 28, 2012 ITALIAN business confidence plummeted to a near three-year low in May, official data showed yesterday, as the country continued to struggle through recession, reforms and spending cuts. Istat’s manufacturing confidence index dropped from 89.1 in April to 86.2 in May, its lowest since August 2009. Employment expectations worsened further, from minus 13 to minus 19, [...]
Lending on plastic drops November 23, 2011 CONSUMERS are repaying credit card balances more than they are borrowing on plastic, with many Brits “simply going without” new goods instead of adding to their debts. While £7.2bn was bought on credit cards in October, £7.4bn was repaid, according to data released yesterday by the British Banking Association (BBA). Across six months to October [...]