Investors ignore growth abroad to focus on UK woes June 14, 2011 MAYBE Tesco should move its primary listing to Hong Kong. Then investors might pay more attention to Asia, where sales grew by 11.4 per cent at constant exchange rates in the first quarter. The region accounted for around 17 per cent of sales and trading profit last year, a figure that will only grow. Or [...]
China’s answer to Vegas is Eastern gambling paradise September 4, 2011 OF all the improbable consequences of China’s headlong rush into beating capitalism at its own game, Macau is the weirdest.In common with nearby Hong Kong, the former Portuguese colony returned to Chinese ownership in 1999, but remains largely self-determining. As a result, gambling is legal. And not just legal: Macau is known as the Vegas [...]
Soaring tech stocks burnish banking rally to send FTSE up July 20, 2011 BANKING stocks led Britain’s top shares higher yesterday on strong corporate earnings and optimism over a deal in Washington to increase the US debt ceiling and avoid default. The UK benchmark index closed up 63.83 points, or 1.1 per cent, at 5,853.82, building on the previous session’s 0.7 per cent advance. Solid US earnings, including [...]
Soaring tech stocks burnish banking rally to send FTSE up July 20, 2011 BANKING stocks led Britain’s top shares higher yesterday on strong corporate earnings and optimism over a deal in Washington to increase the US debt ceiling and avoid default. The UK benchmark index closed up 63.83 points, or 1.1 per cent, at 5,853.82, building on the previous session’s 0.7 per cent advance. Solid US earnings, including [...]
Iceland profits reach record high June 10, 2011 Frozen food giant Iceland’s profit soared by almost 15 per cent in the past year as cash-strapped shoppers felt the pressure from rising food prices, it reported. Net profit before tax rose 14.8 per cent to £155.5m in the year ending March 2011, compared with £135.4m in 2010, in what Iceland described as a record [...]
History lives on in the City of Angels September 18, 2011 WELCOME to LA. Embrace the pain!” jokes leading man Scoot McNairy in the touching 2007 indie flick In Search Of A Midnight Kiss. McNairy’s character is a failed, lonely screenwriter trying to woo a failed, lonely actress (Sarah Simmonds) on a New Year’s Eve date. His poignant words echo around the famous Orpheum Theatre, a [...]
Tesco market share rises as Asda sees dip May 24, 2011 TESCO’S market share rose for the first time since November last year, according to Kantar Worldpanel market share data. For the 12 weeks to 15 May Tesco’s market share rose to 30.7 per cent, from 30.6 per cent. The only other retailer in the top four to increase its share was fourth-placed Morrisons. Its share [...]
Fame And Glory for O’Brien June 16, 2011 Ballydoyle trainer celebrates Gold Cup and targets success at Longchamp THE AIDAN O’BRIEN trained Fame And Glory will head for the Arc De Triomphe in October full of confidence after landing a major gamble to take the Ascot Gold Cup on day three of the Royal meeting. The son of Montjeu was trimmed to 11/8 [...]
HSBC drags FTSE back as investors eye inflation forecasts May 11, 2011 Banking giant HSBC sapped some of the confidence from the blue chip index today as it announced that it was aiming to slash costs by £2.1bn. The news followed a bruising start to the week for banks who have already earmarked billions for potential payouts over dubious insurance protection sales. HSBC fell 1.3 per cent [...]
Heartening US data prompts market rally July 1, 2011 Financial stocks have powered ahead today after good economic news from the US and a reduction in concerns over Greece’s debt prompted a market rally. Lloyds, Barclays and RBS, the UK’s three biggest banks, have provided firepower to the FTSE 100, leaving it 0.7 per cent higher at the close, at 5,989.76 and bringing it [...]