THE LONDON REPORT September 1, 2009 THE FTSE 100 shed 1.8 per cent yesterday, dragged back by weakness in banks and commodity issues, fuelling doubts over the sustainability of this summer’s strong rally. At the close, the FTSE 100 was 89.20 points lower at 4,819.70 after ending 0.8 per cent higher on Friday, when it also touched a near 11-month high. [...]
THE LONDON REPORT September 1, 2009 THE FTSE 100 shed 1.8 per cent yesterday, dragged back by weakness in banks and commodity issues, fuelling doubts over the sustainability of this summer’s strong rally. At the close, the FTSE 100 was 89.20 points lower at 4,819.70 after ending 0.8 per cent higher on Friday, when it also touched a near 11-month high. [...]
RBSmust sell off its investment bank December 3, 2009 IT now seems increasingly likely that the government is planning to launch a series of tax raids on the banks at next week’s pre-Budget report (PBR). The exact form they may take remains unclear; but I suspect that it is not only bankers that will be affected but everybody else deemed “rich”. We shall see [...]
WHAT THE OTHER PAPERS SAY THIS MORNING February 25, 2010 FINANCIAL TIMES BASF CHIEF DAMPS HOPES OF RAPID ECONOMIC RECOVERY One of Europe’s leading industrialists damped hopes of a quick economic recovery yesterday when he warned of persistent overcapacity and at least two years of flagging growth in developed countries. JЯrgen Hambrecht, chief executive of BASF, the world’s largest chemicals group by revenues, said economic [...]
Sale of Northern Rock on agenda July 5, 2009 THE possibility of Northen Rock being prepared for a sale will be high on the agenda later this week when the government outlines its plans for the UK banking sector. Keen to improve the competitive environment in UK banking, the government is expected to open the door to the sale of Northern Rock to a [...]
DAREDEVIL CHIEF ROLET BRINGS A BREATH OF FRESH AIR TO FUSTY LSE September 17, 2009 XAVIER Rolet is certainly freshening things up over at the London Stock Exchange. The exchange’s new boss has been busy over the past few weeks, having shaken up the LSE’s marketing team, struck a deal to replace its IT provider and got rid of its trusted PR adviser Finsbury (the super-spinner and its arch-rival Brunswick [...]
DAREDEVIL CHIEF ROLET BRINGS A BREATH OF FRESH AIR TO FUSTY LSE September 17, 2009 XAVIER Rolet is certainly freshening things up over at the London Stock Exchange. The exchange’s new boss has been busy over the past few weeks, having shaken up the LSE’s marketing team, struck a deal to replace its IT provider and got rid of its trusted PR adviser Finsbury (the super-spinner and its arch-rival Brunswick [...]
THE TIPSTER RESULTS ARE STILL THE MAIN DRIVER August 2, 2009 THIS week the focus will be clearly on the British banks, which will be releasing their second quarter earnings. While traders will be looking at the performance of the whole sector, spread betters should be particularly watching Lloyds Banking Group, which reports on Wednesday. Recently, there have been several bullish broker notes and the shares [...]
Friends Prov dives into Cowdery deal August 11, 2009 THE BOARD of Friends Provident unanimously supported a fourth takeover bid from Clive Cowdery’s buyout vehicle Resolution yesterday, heralding an end to one of the world’s oldest life insurers. Trevor Matthews, chief executive of the 177-year old firm that was founded as a friendly society for Quakers, said he was “excited” at Cowdery’s plans to [...]
Junior lenders lose out at the Car Wash trial August 11, 2009 A GROUP of junior lenders yesterday lost their legal fight to prevent a controversial debt-for-equity rescue plan for failed firm IMO Car Wash. The landmark ruling sparked fears that creditors further down the seniority scale will be pushed aside when it comes to recovering value from failed firms. Lord Justice Mann ruled in favour of [...]