THE TIPSTER GOOD RESULTS BUT OUTLOOK QUESTIONED November 8, 2009 WE ARE still in earnings season and mobile telecoms giant Vodafone is due to report its interim results tomorrow. Last week’s comments by Cisco that technology spending is on the up may be the sort of signal to encourage further support for the company, but with competitor Orange launching their UK iPhone sales on the [...]
Miners lend muscle to FTSE as banks shake off US blues January 18, 2010 BRITAIN’S leading share index took on 0.7 per cent yesterday, as heavyweight mining issues rallied with firmer metal prices, while banks moved higher awaiting further earnings news from US peers. At the close, the FTSE 100 index was 39.02 points higher at 5,494.39, albeit in subdued trade with US markets closed for Martin Luther King [...]
Banker convicted of wife’s killing October 13, 2009 A CITY banker who killed his unfaithful wife following a violent row was yesterday found guilty of manslaughter. Former HSBC banker Neil Ellerbeck, 46, attacked his wife Kate during an argument at their £600,000 home in Enfield last November. Ellerbeck, who had secretly been bugging his wife’s phone calls, was remanded in custody and will [...]
Banker convicted of wife’s killing October 13, 2009 A CITY banker who killed his unfaithful wife following a violent row was yesterday found guilty of manslaughter. Former HSBC banker Neil Ellerbeck, 46, attacked his wife Kate during an argument at their £600,000 home in Enfield last November. Ellerbeck, who had secretly been bugging his wife’s phone calls, was remanded in custody and will [...]
End is nigh for free banking as OFT ruling looms November 22, 2009 THE UK faces an end to free banking this week, as the Supreme Court makes its final ruling over whether customers have been unfairly charged on their overdrafts. The government has piled the pressure on banks to settle the matter quickly rather than appeal, and millions of customers could be eligible for a payout after [...]
Disappointing results from Alcoa rock mining stocks January 12, 2010 BRITAIN’S top share index closed 0.7 per cent lower yesterday as commodities and banks led the retreat over concerns that China’s move to tighten banks’ reserve requirements may slow global economic recovery. The FTSE 100 index closed down 39.36 points at 5,498.71, dropping back after hitting a 16-month intraday peak at 5,600.48 on Monday. China’s [...]
Miners push FTSE higher but M&S weighs on retail shares January 7, 2010 BRITAIN’S top shares added 0.1 percent yesterday as a rally by heavyweight miners, in tandem with stronger metal prices, offset weakness in energy issues, with retailers upset by a disappointing update from M&S. At the close, the FTSE 100 index was 7.54 points higher at 5,530.04, another 16-month closing high. “It looks like the big [...]
Miners push FTSE higher but M&S weighs on retail shares January 6, 2010 BRITAIN’S top shares added 0.1 percent yesterday as a rally by heavyweight miners, in tandem with stronger metal prices, offset weakness in energy issues, with retailers upset by a disappointing update from M&S. At the close, the FTSE 100 index was 7.54 points higher at 5,530.04, another 16-month closing high. “It looks like the big [...]
Brazil’s stock index is well worth a bet December 20, 2009 SPEAK to any strategist at any investment bank and you will hear the common refrain that emerging markets will drive the global economy in 2010. While this is undoubtedly true, there is a tendency to blindly associate emerging markets with Asia – and China in particular. Spread betters should make sure they consider the whole [...]
KRAFT November 9, 2009 KRAFT has enlisted a syndicate of banks to agree to a £5.5bn credit facility to finance the cash portion of its bid and go towards paying down some of Cadbury’s debt, should the bid succeed. Citigroup Global Markets, Deutsche Bank Securities and HSBC Securities served as joint bookrunners, while Citibank and Deutsche Bank Cayman Islands [...]