Bernanke wants more QE March 26, 2012 MARKETS rose on hopes of more quantitative easing (QE) yesterday after US Fed chairman Ben Bernanke said the recovery may need more support. The central banker hinted at more money printing, arguing more action should be taken to push boost jobs. “Despite the recent improvement, the job market remains far from normal,” he said. “Further [...]
Johnson & Johnson and GSK launch £125m fund March 21, 2012 GLAXOSMITHKLINE (GSK) and Johnson & Johnson are taking a creative new tack in the hunt for tomorrow’s drugs by linking with venture capital firm Index Ventures in an unusual tie-up. The two pharmaceutical manufacturers will together contribute half the funding for a €150m (£125m) fund being launched by Index to invest in early-stage life sciences [...]
News from retailers and job figures will make the week ahead April 15, 2012 WHILE the first couple of days indicate a quiet start for the UK market, activity is likely to increase by the middle of the week. All eyes will be on consumer price index data tomorrow for any signs of inflation moving one way or another. Tesco reports full year numbers on Wednesday. The supermarket lost [...]
Loopholes on home sale fee slammed shut March 21, 2012 AN AGGRESSIVE crackdown against stamp duty avoidance on high-end properties will begin today, as the government slaps a punitive tax on the sales of expensive homes that wealthy people put into companies’ names. Sales of properties worth £2m or more that are “enveloped” in a bid to avoid the tax, will now be hit with [...]
Euro fears see fourth day of falls on the S&P May 16, 2012 US stocks closed lower in a choppy session yesterday, with the S&P 500 logging its fourth straight decline as investors worried about Greece’s future as a member of the Eurozone. Early US gains were erased after the European Central Bank said it had stopped providing liquidity to some Greek banks that had not been recapitalised. [...]
Euro fears see fourth day of falls on the S&P May 16, 2012 US stocks closed lower in a choppy session yesterday, with the S&P 500 logging its fourth straight decline as investors worried about Greece’s future as a member of the Eurozone. Early US gains were erased after the European Central Bank said it had stopped providing liquidity to some Greek banks that had not been recapitalised. [...]
Luxury hotel in the City given the go-ahead April 2, 2012 SINGAPORE’S KOP Group yesterday won approval to convert 10 Trinity Square, a listed landmark overlooking London’s Tower Hill, into a luxury boutique hotel. KOP said in a statement yesterday that City of London had approved plans to turn the building – which was originally home to the Port of London Authority’s headquarters – into a [...]
Hunt for treasure you enjoy – at least you’ll get emotional returns June 10, 2012 TO MANY, a report on “treasure” might not sound intrinsically financial, conjuring images of pirates, shipwrecks and chests stuffed with gold doubloons. However, owning items that are financially valuable, emotionally pleasing and culturally significant is a timeless tradition that shows no sign of abating. Treasure assets – items such as precious jewellery, fine art, wine, [...]
Perform snaps up RunningBall for up to €120m May 16, 2012 SPORTS MEDIA rights group Perform said yesterday it will pay up to €120m (£93m) in cash and shares to buy sports data company RunningBall, the largest acquisition it has made since floating last year. RunningBall produces real-time data coverage of sporting events – covering more than 35,000 events last year including over 30,000 football games around [...]
Perform snaps up RunningBall for up to €120m May 16, 2012 SPORTS MEDIA rights group Perform said yesterday it will pay up to €120m (£93m) in cash and shares to buy sports data company RunningBall, the largest acquisition it has made since floating last year. RunningBall produces real-time data coverage of sporting events – covering more than 35,000 events last year including over 30,000 football games around [...]