THE LONDON REPORT June 23, 2009 The FTSE 100 closed down 0.1 per cent yesterday, falling just 4.03 points to 4,230.02 in a choppy session, with thin volumes exacerbating movements, after losing 2.6 per cent on Monday. The index has gained more than 22 per cent since hitting a six-year low in March, but is still down 4.6 per cent on [...]
WHAT THE OTHER PAPERS SAY THIS MORNING June 24, 2009 FINANCIAL TIMES CHIP MAKER MOVES TO QUASH BID SPECULATIONImagination Technologies has reiterated that it expects to remain independent, despite market speculation to the contrary and heavy share buying in the chip designer. Intense buying on the London Stock Exchange saw more than 12m shares change hands and 9.7m sold at 150p a share, amid speculation [...]
Prudent Lee learns to leave behind netbusters and focus on net gains September 6, 2009 ROB LEE knows what financial mismanagement looks like. He witnessed the recklessness of England team-mates at the 1998 World Cup, who thought nothing of betting £5,000 a hand on card games. More recently he has seen his beloved Newcastle United relegated from the top flight while embattled owner Mike Ashley runs up personal losses of [...]
Prudent Lee learns to leave behind netbusters and focus on net gains September 6, 2009 ROB LEE knows what financial mismanagement looks like. He witnessed the recklessness of England team-mates at the 1998 World Cup, who thought nothing of betting £5,000 a hand on card games. More recently he has seen his beloved Newcastle United relegated from the top flight while embattled owner Mike Ashley runs up personal losses of [...]
Central flats are the future of luxe London living June 4, 2009 THERE is something distinctly un-British about city apartment living. The Americans and the Europeans see it as perfectly normal, even desirable, but we Brits like our houses, simply because it is what we are used to. We would much rather have a small house with smaller garden and a longer commute to work, instead of [...]
US economic data in focus to pull US markets up May 25, 2009 WALL Street may feel more pressure this week unless a raft of economic data, including consumer confidence, home sales and gross domestic product (GDP), restores the optimism that had driven a two-month rally before fading last week. Investors cited the potential bankruptcy of General Motors as a concern, as further job losses could imperil the [...]
US economic data in focus to pull US markets up May 25, 2009 WALL Street may feel more pressure this week unless a raft of economic data, including consumer confidence, home sales and gross domestic product (GDP), restores the optimism that had driven a two-month rally before fading last week. Investors cited the potential bankruptcy of General Motors as a concern, as further job losses could imperil the [...]
La Vie en Rose July 1, 2009 SOMETHING is up with rose wine. Its image as the cheap and cheerful, distinctly low-brow summer tipple is evaporating like water on a hot summer’s day. It’s gone from being the sort of thing you’d drink on holiday in Great Yarmouth or Blackpool while getting sunburned to the colour of a lobster to the drink [...]
Rock appeal gathers pace June 10, 2009 INVESTORS in nationalised lender Northern Rock yesterday launched a legal bid to overturn a High Court decision which they claim will leave them with “derisory” compensation. Institutional investors RAB Capital, SRM Global and a collective of private shareholders numbering more than 200,000, who are backed by the UK Shareholders Association, say the government’s compensation scheme [...]
A drop in stocks and a rise in QE will undermine sterling’s rally August 4, 2009 IN THE face of a ballooning fiscal deficit, quantitative easing and the deepest recession since the Second World War, sterling rose to a nine-month high against the dollar of $1.7005 in Asian trading yesterday morning. And against the euro, it is just shy of the June highs of €0.8426. It’s hard to believe that as [...]