London Report: Building boost helps FTSE snap its losing streak March 17, 2014 BRITAIN’S top share index snapped its longest losing streak in two and a half years yesterday as the building sector surged on a government plan to pump more cash into a scheme to boost construction. Persimmon was among top FTSE gainers, rising 3.7 per cent after chancellor George Osborne said on Sunday he would extend [...]
What the other papers say this morning – 16 April 2014 April 15, 2014 FINANCIAL TIMES Market troubles dent Moelis flotation Boutique investment bank Moelis raised $163m from its US initial public offering after last-minute investor concerns forced it to shrink the size of its share sale and cut the price of the deal below its expected range. The IPO is the latest to come under pressure on the [...]
How Ukraine’s unrest will affect prime London property prices March 4, 2014 World shares, particularly in banks, insurers, miners and energy stocks, have been hit as a result of the political tension and unrest in Ukraine. But what would be the cost of an economic fallout or any potential sanctions by the West against Russia have on the London property market? Joshua Raymond, chief market strategist of [...]
Russia sees shares rebound as it says Yanukovich asked for troops March 4, 2014 Russian shares have bounced back this morning with the Micex index climbing five per cent at the open, after suffering a 10.8 per cent crash yesterday. The stock market is currently up three per cent, possibly responding to reports that Russian troops have been ordered back to their bases. It's also come to light this [...]
Google days away from clinching EU antitrust probe settlement January 29, 2014 The three-year EU antitrust probe into Google is nearing an end, according to Reuters sources. The internet giant and EU regulators are close to settling the investigation, which was looking into the company’s suspected anti-competitive behaviour. Google has, say the sources, offered to improve concessions to reduce competition fears. Google’s last offer, made in December, [...]
The Scottish nationalists aren’t credible on keeping sterling February 14, 2014 THE gloves are finally off. The London political establishment’s message to Scotland is clear: stay in the UK, or lose the pound. The nationalists are in deep trouble on this question, but as ever the argument is more complex than both sides might imagine.Is the Scottish National Party (SNP) right that it could keep sterling, [...]
George Soros says Eurozone is now like a debtors’ prison March 13, 2014 George Soros has been holding court at the London School of Economics today on the state of Europe, how the Ukraine crisis could bring the continent closer together, and why the UK should stay a part of it. Here are some of the billionaire investor’s most interesting comments. On the state of the Eurozone You [...]
The Scottish nationalists aren’t credible on keeping sterling February 13, 2014 THE gloves are finally off. The London political establishment’s message to Scotland is clear: stay in the UK, or lose the pound. The nationalists are in deep trouble on this question, but as ever the argument is more complex than both sides might imagine. Is the Scottish National Party (SNP) right that it could keep [...]
This week’s 4 must-see charts March 7, 2014 The Fed’s use of the word “weather”, vulnerable high street profits, gold’s revival, and the economic effects of the Ukraine crisis. We bring you some of our favourite analysts’ picks of the most important graphs this week. David Lebovitz, global market strategist at JP Morgan Asset Management: There has been a lot of discussion of [...]
Indecisive Europe is acting too late to save Ukraine from Kremlin discipline February 19, 2014 LIKE a slow-motion car wreck, the tragic violence that has erupted in Ukraine over the last few days – which some fear could result in bloody civil war – has been inexorably coming for some time. In November 2013, the country’s President Viktor Yanukovych abruptly broke off talks with the EU over a political and [...]