WHAT THE OTHER PAPERS SAY THIS MORNING October 18, 2011 FINANCIAL TIMES FRANCE WARNS OVER EURO CRISIS France has warned that European unity would be at risk if Eurozone leaders failed to take bold action to tackle its sovereign debt crisis at a crucial summit this weekend. President Nicolas Sarkozy said leaders will take “very important decisions in the coming days” and said the destruction [...]
WHAT THE OTHER PAPERS SAY THIS MORNING October 18, 2011 FINANCIAL TIMES FRANCE WARNS OVER EURO CRISIS France has warned that European unity would be at risk if Eurozone leaders failed to take bold action to tackle its sovereign debt crisis at a crucial summit this weekend. President Nicolas Sarkozy said leaders will take “very important decisions in the coming days” and said the destruction [...]
SocGen chief says recap not solution October 7, 2011 A recapitalisation of European banks is not necessary and would not solve the Eurozone crisis, according to Société Générale chief executive Frederic Oudea. Oudea blamed a crisis of confidence for the turmoil in the 17-nation bloc, arguing that liquidity was the issue, not capital reserves. “What is important is to deal with the Greek issue [...]
THE TIPSTER September 25, 2011 SHARES in Dominos Pizza tumbled below 500p on Friday. However, spread betters have been in a largely positive mood ahead of the firm’s results on Wednesday. The long-term trend has been upwards for the firm over the past year, as penny-pinching Britons shun meals out for takeaway pizzas at home. Traders were anticipating longer-term gains [...]
Irish austerity cuts take a bite out of Domino’s Pizza as growth slows March 30, 2011 Britain’s biggest pizza delivery firm Domino’s reported slower sales growth, hit by a slump in trade in Ireland, sending its shares down 9.3 per cent yesterday. The company, which operates the British and Irish franchises of the global delivery brand, said sales at its 608 shops open more than a year grew by 4.2 per [...]
Batten down the hatches: Main St. braves the storm October 30, 2011 THREE months after the debt ceiling wranglings on Capitol Hill that drove S&P to downgrade America’s AAA rating, there have been some chinks of light shining through the grey clouds that until now have enveloped the US economy. Figures released last week by the US Commerce Department indicated that the US economy had grown by [...]
Batten down the hatches: Main St. braves the storm October 30, 2011 THREE months after the debt ceiling wranglings on Capitol Hill that drove S&P to downgrade America’s AAA rating, there have been some chinks of light shining through the grey clouds that until now have enveloped the US economy. Figures released last week by the US Commerce Department indicated that the US economy had grown by [...]
MF Global’s collapse isn’t Lehman II October 31, 2011 IT is hard not to feel a sense of deja vu after yesterday’s bankruptcy of MF Global, a major US financial institution, as a result of an unlucky bet on European government bonds. The firm employed just 2,870 people – including 730 in Canary Wharf, whose jobs are now sadly at risk – yet this [...]
Resistance is futile: French banks come under fire September 12, 2011 AT the end of yesterday’s European trading session, the equities market was a sea of red. European banking stocks were sold across the board, with the French banks being hit hardest. BNP Paribas fell by more than 10 per cent. Its Gallic brothers in arms, Societe Generale and Credit Agricole, also took a heavy battering, [...]
Looking at both sides of the Eurozone debate October 11, 2011 AS the Eurozone crisis rumbles on, it is easy for traders to get caught out by the news headlines. But too much pessimism can blind you to short term opportunities. Yes, there are weekly crisis talks from European leaders, banks being nationalised, recapitalisations and bailouts. And when those aren’t quite enough, a ratings agency decides [...]