Commodities rock FTSE as hits lowest level since April May 17, 2011 BRITAIN’S leading share index was driven down by weakness in commodity issues and banks on concerns over global growth which countered results-driven gains by market heavyweight Vodafone. At yesterday’s close, the FTSE 100 index was off 62.69 points, or 1.1 per cent, at 5,861.00, extending its losing streak to a fifth session. It ended below [...]
PERSONALITY OF THE YEAR | The shortlist June 19, 2011 The past year has not been an easy one for the City of London, overshadowed as it has been by the austerity programme in the UK and the Eurozone crisis. But there will be much to be optimistic about and to celebrate at City A.M.’s second annual awards ceremony on 21 September. Our personality of [...]
Slow growth for American retail sector April 13, 2011 RETAIL sales in the US rose for the ninth straight month in March but at a weaker rate than expected, it was revealed yesterday. On a mixed day of news for the US economy, sales were announced at 0.4 per cent up on February, largely driven by higher petrol prices. Receipts at petrol stations, which [...]
US new home sales plunge to record low March 23, 2011 New US single-family home sales unexpectedly fell in February to hit a record low and prices were the lowest since December 2003, in signs of a deepening housing market slide. Sales dropped 16.9 per cent to a seasonally adjusted 250,000 unit annual rate, the lowest since records began in 1963, after an upwardly revised 301,000-unit [...]
US new home sales plunge to record low March 23, 2011 New US single-family home sales unexpectedly fell in February to hit a record low and prices were the lowest since December 2003, in signs of a deepening housing market slide. Sales dropped 16.9 per cent to a seasonally adjusted 250,000 unit annual rate, the lowest since records began in 1963, after an upwardly revised 301,000-unit [...]
Banks bolster FTSE at the close May 25, 2011 London stocks struggled to gain ground today as poor economic data on both sides of the Atlantic dismayed investors. A rally led by banking stocks late in the afternoon helped push the FTSE back into the black, with the FTSE 100 just 0.2 per cent higher at 5,870.14 at the close. Miners made muted gains [...]
All Saints edges closer to sale amid administration fear April 25, 2011 HIGH street fashion retailer All Saints is set to complete a sale to US private equity house Goode Partners by the end of this week, despite fears its creditors could put it into administration. Sources close to the process said the US firm was “leading the deal” to buy all of the ordinary shares in [...]
US home sales and asking prices dive March 21, 2011 Sales of previously owned US homes fell unexpectedly sharply in February and prices touched their lowest level in nearly nine years, implying a housing market recovery is still a long off. The National Association of Realtors has reported that sales fell 9.6 per cent mont-on-month to an annual rate of 4.88 million units, snapping three [...]
WHAT THE OTHER PAPERS SAY THIS MORNING June 6, 2011 FINANCIAL TIMES SPAIN TO SEEK REDRESS OVER E. COLI CLAIM Spain will demand “100 per cent” compensation for the damage suffered by its farmers over unfounded accusations that they were the source of the E. coli outbreak in Germany that has killed 22 people and made thousands sick. Rosa Aguilar, Spain’s environment and rural affairs [...]
Luxe cellars up property appeal May 26, 2011 DRAMATIC avant garde designs, subterranean mood-lit spaces, luxurious tasting areas: Wine cellars have long way from the creaking descent to a basement wine rack. And, as the market for wine collecting continues to expand, properties that boast stunning examples are in pole position, say London agents. “I think with top tier properties it’s becoming more [...]