Shares take fright over Libya turmoil February 21, 2011 THE FTSE 100 closed at a two-week low yesterday after another day of chaos in Libya sent investors running for cover. The blue-chip index shed 1.1 per cent to close at 6,014.8 as fears over energy supplies sapped investor’s appetite for risk. Shares of blue-chip firms across Europe felt the bite, with banks and miners [...]
CITY MOVES | WHO’S SWITCHING JOBS December 2, 2010 Renaissance Renaissance Group has announced that Robert Hanson has been appointed as the first member of its International Advisory Board. Hanson, currently chairman of Strand Hanson, the boutique investment bank in which both Renaissance Group and Hanson hold significant minority stakes, will advise Renaissance Group on investments, transactions and strategic issues. He remains a non-executive [...]
German snow dampens GDP for Eurozone February 15, 2011 GROWTH in the Eurozone was more sluggish than expected in the final three months of last year, reaching just 0.3 per cent, official data showed yesterday. The euro fell in early trading, dropping close to $1.346 (£0.84), as Germany reported fourth quarter growth of 0.4 per cent, below expectations. However, the currency recovered against the [...]
Rising inflation smashes through CEE price targets January 18, 2011 INFLATION targets are being overshot throughout central and eastern Europe (CEE), mirroring price worries in the UK and elsewhere. While consumer price index (CPI) inflation remains low compared to the long term average, the CEE average has increased every month since June last year, rising from 3.6 per cent in June to 5.5 per cent [...]
Rising inflation smashes through CEE price targets January 18, 2011 INFLATION targets are being overshot throughout central and eastern Europe (CEE), mirroring price worries in the UK and elsewhere. While consumer price index (CPI) inflation remains low compared to the long term average, the CEE average has increased every month since June last year, rising from 3.6 per cent in June to 5.5 per cent [...]
Russian IPOs pulled due to Egypt unrest February 10, 2011 NORD GOLD, the gold mining unit of steel giant Severstal, has become the latest Russian firm to scrap plans for a London initial public offering (IPO). The miner, led by billionaire Alexey Mordashov, is the latest casualty of the ongoing volatility in emerging markets, fuelled by unrest in Egypt. Nord Gold had been seeking to [...]
Utility firms lift FTSE 100 as cold snap drives power sales December 20, 2010 UTILITY stocks helped push Britain’s top shares higher yesterday, as the UK’s near-Arctic conditions boosted demand for energy, but British Airways toiled as the big freeze disrupted airline services. The FTSE 100 closed up 19.86 points, or 0.3 per cent, at 5,891.61. Meanwhile, the FTSE 250 closed up 6.33 points at 11,433.11. It touched a [...]
Utility firms lift FTSE 100 as cold snap drives power sales December 20, 2010 UTILITY stocks helped push Britain’s top shares higher yesterday, as the UK’s near-Arctic conditions boosted demand for energy, but British Airways toiled as the big freeze disrupted airline services. The FTSE 100 closed up 19.86 points, or 0.3 per cent, at 5,891.61. Meanwhile, the FTSE 250 closed up 6.33 points at 11,433.11. It touched a [...]
CITY GOES FOR GREEN AS PUBS VIE WITH BANKS TO WIN ECO AWARDS January 30, 2011 AN eclectic mix of London City stalwarts and independent businesses will come together on Thursday to celebrate their green credentials, at the City of London Corporation’s annual Sustainable City Awards. Competing across 12 categories are banks, asset managers and construction groups – alongside a slew of smaller enterprises that make up more than half of [...]
CITY GOES FOR GREEN AS PUBS VIE WITH BANKS TO WIN ECO AWARDS January 30, 2011 AN eclectic mix of London City stalwarts and independent businesses will come together on Thursday to celebrate their green credentials, at the City of London Corporation’s annual Sustainable City Awards. Competing across 12 categories are banks, asset managers and construction groups – alongside a slew of smaller enterprises that make up more than half of [...]