FTSE books biggest rise for a month as optimism increases March 8, 2012 BRITAIN’S top share index recorded its biggest daily rise in over a month yesterday, boosted by optimism about the US economic outlook as well as the outcome of Greece’s debt negotiations, although charts indicated that momentum could falter. Cyclical stocks, which tend to perform in tandem with economic growth, rose as US jobless claims data [...]
CITY MOVES | WHO’S SWITCHING JOBS February 12, 2012 The Salamanca Group Jeremy Wrathall has been appointed as managing director of Salamanca Resources, the recently formed division of the group that will focus on the metals and mining sector. He joins Salamanca from Renaissance Capital, where he was head of investment banking for the firm’s London operation and had responsibility for metals and mining, [...]
FTSE takes a breather as clouds gather over Greece January 24, 2012 BRITAIN’S top share index retreated from six-month peaks yesterday as Eurozone debt woes prompted investors to take profits in banking stocks and rebalance portfolios in favour of high dividend payers. The fall on the London bourse chimed with weaker equity performance in Europe and the United States, on worries that Greece could be heading for [...]
FTSE takes a breather as clouds gather over Greece January 24, 2012 BRITAIN’S top share index retreated from six-month peaks yesterday as Eurozone debt woes prompted investors to take profits in banking stocks and rebalance portfolios in favour of high dividend payers. The fall on the London bourse chimed with weaker equity performance in Europe and the United States, on worries that Greece could be heading for [...]
Subway to create 6,000 new UK jobs January 26, 2012 SUBWAY, the sandwich franchise chain, has announced ambitious plans to open over 2,000 stores in the UK and Ireland over the next three year, creating more than 6,000 jobs. The company, which is famous for its US-style foot-long rolls, said its expansion plans were fuelled by a growing consumer demand for “convenient, affordable” food on [...]
Commodities spur FTSE 100 gains as banks bounce bank January 10, 2012 COMMODITY stocks led the FTSE 100 top share index higher yesterday, after Alcoa kicked off the US earnings season with an upbeat outlook and data from China lifted sentiment, while retailers rallied after some encouraging updates. London’s blue chip index rose 84.44 points, or 1.5 per cent to 5,696.70, making up for the 1.5 pe [...]
Fresh nerves over euro debt put dampers on FTSE index January 5, 2012 BRITAIN’S blue-chip share index closed lower yesterday on growing fears that Eurozone countries and banks could struggle to tap markets this year. The FTSE 100 dropped 44.19 points, or 0.8 per cent, to close at 5,624.26, in tandem with most European indexes and the euro currency, after a French debt auction, though oversubscribed, failed to [...]
Fresh nerves over euro debt put dampers on FTSE index January 5, 2012 BRITAIN’S blue-chip share index closed lower yesterday on growing fears that Eurozone countries and banks could struggle to tap markets this year. The FTSE 100 dropped 44.19 points, or 0.8 per cent, to close at 5,624.26, in tandem with most European indexes and the euro currency, after a French debt auction, though oversubscribed, failed to [...]
Morrisons is leading race for Iceland May 22, 2011 SUPERMARKET chain Morrisons is being touted as the frontrunner in the race to buy into rival Iceland, after majority owner Landsbanki officially launched a sales process for its holding in the company. The Resolution Committee for Landsbanki said last week that according to advisers UBS and Bank of America Merrill Lynch, “market conditions are currently [...]
OFT tobacco fines overturned December 12, 2011 Imperial Tobacco and several leading retailers have won a court battle to overturn record fines imposed by the Office of Fair Trading (OFT) over allegations of unlawful pricing. A fine of £112.3m handed down to Imperial Tobacco last year was reversed, while Morrisons, Asda, Co-Op and Shell also had cases against them overturned by the [...]