McIlroy loses in Shanghai but extends Euro lead October 28, 2012 WORLD No1 Rory McIlroy remains on track to claim both the European and American money lists this year, despite failing to catch Peter Hanson in yesterday’s BMW Masters in Shanghai. The Northern Irish golfer lost to the Swede by one shot in a thrilling finish, yet McIlroy nonetheless extended his lead at the top of [...]
FTSE 100 down as Anglo American in spotlight October 26, 2012 The blue chip index was down in early trading, as investors were cautious on weak data from the Eurozone and biding time ahead of US GDP released this afternoon. Mining shares bore the brunt of losses, although Anglo American bucked the trend, adding 2.1 per cent, as chief executive Cynthia Carroll announced she was to [...]
FTSE 100 up as Britain leaves recession October 25, 2012 The blue chip index was up in early trading, as the economy expanded by one per cent in the three months to September, the strongest quarterly growth in five years. Companies announcing results also helped to buoy the FTSE 100, such as consumer giant Unilever, which added 3.36 per cent as it announced rising sales. [...]
Coalition must not become complacent on economic growth October 25, 2012 UNLIKE some commentators, I don’t think David Cameron did anything especially wrong yesterday. He hinted at Prime Minister’s Question Time that the economy was improving; he didn’t leak the GDP figures. The statistics will be published this morning; so there is little point speculating about them. But it is worth noting that when the Prime [...]
Coalition must not become complacent on economic growth October 24, 2012 UNLIKE some commentators, I don’t think David Cameron did anything especially wrong yesterday. He hinted at Prime Minister’s Question Time that the economy was improving; he didn’t leak the GDP figures. The statistics will be published this morning; so there is little point speculating about them. But it is worth noting that when the Prime [...]
Chinese factory slowdown may have bottomed out in October October 24, 2012 THE manufacturing slowdown in China could have bottomed out in October, business survey data from Markit suggested yesterday, but the sector is still in the doldrums. China’s manufacturing purchasing managers’ index (PMI) – a prominent business survey correlated with GDP – climbed to 49.1 in October, from 47.9 in September, reaching its highest level for [...]
Improved Chinese manufacturing doesn’t steady FTSE 100 October 24, 2012 The blue chip index fell beneath 5,800 this morning, despite signs from China that a recovery in the world’s second-largest economy was gathering pace. Energy and engineering firms shouldered the brunt of the losses. Ophir Energy fell 5.68 per cent in early deals, while FTSE 250 oil and gas group Salamander dropped 5.37 per cent. [...]
Improved Chinese manufacturing doesn’t steady FTSE 100 October 24, 2012 The blue chip index fell beneath 5,800 this morning, despite signs from China that a recovery in the world’s second-largest economy was gathering pace. Energy and engineering firms shouldered the brunt of the losses. Ophir Energy fell 5.68 per cent in early deals, while FTSE 250 oil and gas group Salamander dropped 5.37 per cent. [...]
Chinese manufacturing shows signs of slow recovery October 24, 2012 The Chinese manufacturing sector showed small signs of recovery, according to a survey of purchasing managers today. The HSBC Flash Manufacturing Purchasing Managers Index moved up to 49.1 in October, a three month high, although it is still below the 50-point mark that signifies growth. The flash PMI is the first indicator of real economic [...]
Chinese manufacturing shows signs of slow recovery October 24, 2012 The Chinese manufacturing sector showed small signs of recovery, according to a survey of purchasing managers today. The HSBC Flash Manufacturing Purchasing Managers Index moved up to 49.1 in October, a three month high, although it is still below the 50-point mark that signifies growth. The flash PMI is the first indicator of real economic [...]