WHAT THE OTHER PAPERS SAY THIS MORNING October 27, 2010 FINANCIAL TIMES SOUTH AFRICA STILL A DRAG ON ANGLO AMERICAN Anglo American, the mining company, is finding it hard to escape its South African roots despite its efforts to become a cosmopolitan corporate citizen. An array of risks in South Africa, the source of 41 per cent of operating profits last year, is having an [...]
Blow for King after money supply falls September 20, 2010 THE amount of money in circulation in the UK decreased by £4.1bn, or 0.2 per cent, in August compared with an average monthly increase for the previous six months of £2.2bn, the Bank of England (BoE) revealed yesterday. The Bank’s latest figures also showed the 12-month money supply growth rate fell to 1.8 per cent [...]
UniCredit ups payout as its results cheer March 17, 2010 UNICREDIT, Italy’s largest bank, returned to a cash dividend yesterday as it battles to win round politically-connected shareholders who have been fighting a revamp plan by the lender’s boss. Shares in the eurozone’s third-largest lender by market value jumped to a seven-week high in early trade in response to the higher than expected payout on [...]
UniCredit committee gives its backing to reshuffle plans March 16, 2010 UniCredit’s strategic committee approved a controversial reorganisation at the Italian bank yesterday but a final board vote was delayed as key shareholders resisted in a power struggle with the lender’s boss. With shareholder foundations who control around 12 per cent of the lender opposing the plan, chief executive Alessandro Profumo is understood to have told [...]
Prada mulls a Hong Kong listing launch October 6, 2010 ITALIAN fashion house Prada is studying an initial public offering (IPO) in Hong Kong for the first half of 2011. Prada, which has scrapped an IPO four times in the past ten years, may raise more money through a primary listing in Hong Kong than in Milan because individual investors are more active in Asia, [...]
WHAT THE OTHER PAPERS SAY THIS MORNING October 24, 2010 FINANCIAL TIMES QATAR KEEN TO BID FOR CHRISTIE’S AUCTION HOUSE Qatar is eyeing Christie’s, the auction house, as part of its plans to establish itself as a leading cultural destination in the Gulf. Although Christie’s has yet to receive a formal approach, Qatar’s emir, Hamad bin Khalifa al-Thani, told the Financial Times in an interview [...]
Exports give German GDP growth hope November 8, 2010 German exports soared in September while industrial output faltered, indicating Europe’s largest economy will post solid if unspectacular third quarter growth later this week as the recovery eases. Exports grew twice as fast as expected in September, up 3.0 per cent on the month when seasonally adjusted, and the trade surplus reached its widest in [...]
WHAT THE OTHER PAPERS SAY THIS MORNING September 26, 2010 FINANCIAL TIMES GOLD SALES AT EUROPEAN CENTRAL BANKS DRAW TO HALT Europe’s central banks have all but halted sales of their gold reserves, ending a run of large disposals each year for more than a decade. The central banks of the eurozone plus Sweden and Switzerland are bound by the Central Bank Gold Agreement, which [...]
WHAT THE OTHER PAPERS SAY THIS MORNING September 29, 2010 FINANCIAL TIMES WAITROSE EYES DUCHY ORIGINALS US PUSH Waitrose is making its first foray into the US through its Duchy Originals range, the label founded by Prince Charles. The supermarket arm of the employee-owned John Lewis Partnership is talking to North American retailers and distributors about selling Duchy Originals products in US stores. PENSIONS REGULATOR [...]
THE TIPSTER November 10, 2010 The supermarket Sainsbury’s recently saw a dip in its share price, offering a rare buying opportunity for spread betters. Thanks to its immense property portfolio, Sainsbury’s is still preferred over competitors like Tesco. Capital CFDs quotes a price of 373.4p-374.0p. The G20 meeting in South Korea is now underway and the world is hoping for [...]