Banks lead FTSE up after bond auctions boost January 13, 2012 Banks led the FTSE 100 up this morning as they were buoyed by tentative signs of recovery in the Eurozone. European shares and the single currency rose after positive comments on the region’s outlook from the European Central Bank and the success of Spain’s bond auction yesterday. Meanwhile Italy launched a €4.75bn bond auction today. [...]
Banks lead FTSE up after bond auctions boost January 13, 2012 Banks led the FTSE 100 up this morning as they were buoyed by tentative signs of recovery in the Eurozone. European shares and the single currency rose after positive comments on the region’s outlook from the European Central Bank and the success of Spain’s bond auction yesterday. Meanwhile Italy launched a €4.75bn bond auction today. [...]
Wall Street finally out of the woods March 14, 2012 WALL STREET’S financial crisis is almost over – or so the Federal Reserve would like us to believe. It rushed out the results of its stress tests of the 19 biggest US banks last night: just four failed – in all cases relatively narrowly – a test which gauged their ability to withstand a financial shock [...]
Mulberry sees strong festive sales January 19, 2012 Luxury fashion company Mulberry Group expects 2012 financial year results to exceed its earlier forecast, led by strong Christmas and New Year sales, putting it firmly in the festive winners’ camp in the UK. The company, which designs, makes and sells leather goods and accessories, said retail sales for the 16 weeks to January 14 [...]
FTSE dented by GSK January 9, 2012 The FTSE 100 was dented by pharmaceutical giant GlaxoSmithKline today after concerns over one of its new treatments. GSK shed 2.6 per cent after reported problems with tests on its lung medication Relovair. Traders and investors were eyeing events in Berlin where German leader Angela Merkel and French President Nicolas Sarkozy are meeting today. The [...]
Burberry sees sales surge as luxury booms January 17, 2012 BRITISH fashion house Burberry has posted a 21 per cent uplift in Christmas sales after high-spending tourists continued to flock to its flagship stores in search of its iconic trench-coats and leather goods. The 156 year-old firm said underlying sales rose to £574m in the three months to 31 December from £480m a year earlier, [...]
Blacks Leisure heads for prepack administration January 6, 2012 Blacks Leisure has it is to temporarily to enter administration ahead of a takeover deal. The prepack arrangement will wipe out the value of existing shares, which have now been suspended from trading on the London Stock Exchange. The retailer said it was mulling offers for the business and that a deal was likely to [...]
South Asia fuels shops boom February 15, 2012 SHOPPERS from Asia helped keep Britain’s tills ringing last year, with their spending in the UK up by 34 per cent thanks to growing demand from south eastern countries like Singapore. Chinese travellers remained the biggest drivers of growth, with spending up 64 per cent year-on-year in January, according to Global Blue, the tax-free shopping [...]
CITY MOVES | WHO’S SWITCHING JOBS February 2, 2012 Laurence Simons The specialist legal recruitment firm has appointed Guy Adams as lead director of its European private practice team. Previously, Adams worked as a tax lawyer at Norton Rose, McGrigors and, most recently, Reynolds Porter Chamberlain, where he assisted in the growth of the firm’s tax litigation practice. Adams subsequently spent three years with [...]
DARK HORSE HSBC TAKES RETAIL SITE IN LATE BID January 26, 2012 HSBC is committed to the City of London – for its latest retail opening, at least. The Capitalist hears the bank has gazumped a well-known restaurateur to emerge as the new tenant at 1 Bishopsgate, after offering a far higher, undisclosed, sum to turn the disused property into a “premier suite” retail bank in time [...]