Banks in retreat after Portugal downgrade July 6, 2011 The FTSE 100 lost ground on opening today after Moody’s cut Portugal’s credit rating to “junk” sending banking shares down. As the Eurozone crisis deepened investors abandoned risky equities as banks’ exposure to the crisis in the eurozone came under the spotlight. The euro fell sharply after the Moody’s four-notch downgrade to Ba2, with the [...]
Banks in retreat after Portugal downgrade July 6, 2011 The FTSE 100 lost ground on opening today after Moody’s cut Portugal’s credit rating to “junk” sending banking shares down. As the Eurozone crisis deepened investors abandoned risky equities as banks’ exposure to the crisis in the eurozone came under the spotlight. The euro fell sharply after the Moody’s four-notch downgrade to Ba2, with the [...]
Banking bounce and positive data help FTSE to edge higher July 28, 2011 STRONGER banks helped the FTSE 100 share index edge higher yesterday as investors welcomed upbeat data releases from across the Atlantic, though the overriding mood was one of caution, with only a few days left for the US government and its opponents to reach a deal on its debt and avoid a default. The FTSE [...]
Banking bounce and positive data help FTSE to edge higher July 28, 2011 STRONGER banks helped the FTSE 100 share index edge higher yesterday as investors welcomed upbeat data releases from across the Atlantic, though the overriding mood was one of caution, with only a few days left for the US government and its opponents to reach a deal on its debt and avoid a default. The FTSE [...]
BBC markets its Television Centre HQ June 13, 2011 THE BBC yesterday put its historic Television Centre on the market. The iconic grade II listed building, located near the Westfield shopping mall, is expected to fetch up to £300m. The broadcaster, led by director general Mark Thompson (pictured) said yesterday it will consider joint venture proposals, which could leave it with some presence at [...]
BBC markets its Television Centre HQ June 13, 2011 THE BBC yesterday put its historic Television Centre on the market. The iconic grade II listed building, located near the Westfield shopping mall, is expected to fetch up to £300m. The broadcaster, led by director general Mark Thompson (pictured) said yesterday it will consider joint venture proposals, which could leave it with some presence at [...]
PROPERTY NEWS May 19, 2011 SHOREDITCH GOES AVANT-GARDE Telford Homes have just launched a new cutting edge residential development in Shoreditch. It has been designed by architect Stock Woolstencroft to include a communal “Free Spirit Garden.” Prices start at £250,000. BOUTIQUE ESTATE AGENT TO OPEN IN BELGRAVIA Quintessentially Estates plan to open a boutique estate agency in Belgravia. It is [...]
Prada prices HK listing June 6, 2011 ITALIAN fashion house Prada is pricing its initial public offering (IPO) in Hong Kong to raise up to $2.6bn (£1.6bn) and give the maker of luxury bags and Miu Miu dresses a higher valuation than its European peers. Prada set an indicative price range of HK$36.5 to HK$48 (£2.90 to £3.80) a share for the [...]
Quake budget agreed as auto markets suffer May 2, 2011 JAPAN’S parliament yesterday passed a $50bn (£30bn) emergency budget for disaster relief after the 11 March earthquake and tsunami, a downpayment on what is set to be country’s biggest public works effort in six decades. Opposition parties backed the first round of spending to finance work such as clearing rubble and building temporary houses. Reaching [...]
Home advantage should give champions the edge September 15, 2011 MANCHESTER UNITED vs CHELSEA SUNDAY – 4.00PM SKY SPORTS IT has been an incredible start to the Premier League season for Manchester United with four straight wins, 18 goals scored and only three conceded. They bounced back to earth slightly against Benfica on Wednesday night, but the 1-1 draw wasn’t a bad result and they [...]