WHAT THE OTHER PAPERS SAY THIS MORNING June 23, 2010 FINANCIAL TIMES NISSAN’S GHOSN TOPS JAPAN PAY LEAGUE Nissan’s Carlos Ghosn has taken top spot on a list of Japan’s best-paid executives after the carmaker revealed it paid its Brazil-born chief executive Y890m ($9.9m) last year. Nissan and other quoted Japanese companies are being forced to report the compensation of individual executives for the first [...]
Low copper prices strike Antofagasta November 26, 2009 CHILEAN copper miner Antofagasta said yesterday that weak copper prices and a decline in output had severely impacted its business over the first nine months of the year, causing losses to spiral out of control. The London Stock Exchange-listed firm posted a pre-tax loss of $125m (£75.8m) over the nine months to September, more than [...]
LSE boss Rolet insists clearing charges push up trading fees November 30, 2009 THE London Stock Exchange (LSE) yesterday stood by its claim that charges levied by clearing houses are mainly to blame for its high trading fees. Under pressure from rival platforms that are undercutting its business, LSE chief executive Xavier Rolet said last week that clearing charges made up two thirds of its fees for trading [...]
Concern over Dubai’s debts takes toll on Britain’s shares November 26, 2009 Britain’s top shares ended at a three-week closing low yesterday, pressured by hefty falls in the banking sector as concerns over Dubai’s ability to pay its debts took a toll on confidence. The FTSE 100 ended down 3.2 per cent, or 170.68 points, at 5,194.13, its lowest close since November 6, and losses on the [...]
Resolution lists on LSE today November 4, 2009 Resolution Ltd, the new company formed after the £1.86bn takeover of Friends Provident by Clive Cowdrey’s Resolution, will list on the London Stock exchange today. The High Court yesterday gave the green light for a reduction in capital as part of a £312m cash and shares payment being made by Resolution to complete the deal.
Manhattan’s new breed of design hotels August 22, 2010 YOU could argue that New York does hotels better than any city in the world. Historic luxury landmarks, hipster crash-pads, fashionable design hotels, groovy boutiques, high-tech business places – it’s got more, and better, examples of each than pretty much all of its rivals. But even the best needs a shake up. The Big Apple [...]
LISTED PRODUCT NEWS April 21, 2010 FIRST LISTING FOR RBS’S ETC PLATFORM Standard Commodities, the Royal Bank of Scotland’s exchange-traded commodities (ETC) platform, launched its first product on the Frankfurt Xetra stock exchange this week. Its physical gold ETC gives investors exposure to the performance of the London gold market fix price and the ETC is denominated in euros. The ETC [...]
Liffe boosts NYSE Euronext strong profits May 4, 2010 NYSE Euronext reported a 25 per cent rise in first quarter profits yesterday, largely thanks to futures trading on its London-centred Liffe market. Futures trading volume on Liffe shot up 28 per cent compared to the first quarter last year, helping group profits rise from $104m (£68m) to $130m. The results matched Wall Street expectations [...]
WHAT THE OTHER PAPERS SAY THIS MORNING June 13, 2010 THE SUNDAYS The Sunday Telegraph $2.6M BUFFETT LUNCH WON BY ANONYMOUS BIDDER A mystery benefactor has paid $2.6m (£1.8m) to meet with billionaire investor Warren Buffett for a business lunch. The Sage of Omaha auctioned his time in aid of a San Francisco charity. This year’s auction brought in 25 per cent more than any [...]
THE TIPSTER December 14, 2009 NEWS that British Airways’ cabin crew has voted in favour of strike action, combined with the state of the airline’s pension scheme has put further downward pressure on the airline’s share price. On a technical level, shares are currently blocked from any further progress by a resistance line in place on the daily chart since [...]