Greece pushed to sell assets May 24, 2011 GREECE could be forced to sell up to €50bn (£44bn) in state-owned assets by European officials, as the nation tries to mend its battered finances. European leaders want to push for measures to ensure the Greek government completes its promised €50bn privatisation drive, but believe a state asset sale programme could ultimately net it between [...]
European stocks at two-month high May 2, 2011 EUROPEAN shares made slight gains in thin holiday trade yesterday, as merger deals and news of Osama bin Laden’s death helped push the market to a two-month closing high. Shares in Demag Cranes rose 24 per cent after US construction machinery maker Terex Corp unveiled a $1.3bn hostile bid for its German rival. Meanwhile Danish [...]
Water under the bridge for Costain April 5, 2011 Costain, the construction firm that walked away from Mouchel’s stonewalling after four months, has plenty to be getting on with. The firm has a forward order book worth £2.4bn, including a contract to build the first major road to cross the River Thames in 20 years. While Mouchel seems to have slipped through the net [...]
Water under the bridge for Costain April 5, 2011 Costain, the construction firm that walked away from Mouchel’s stonewalling after four months, has plenty to be getting on with. The firm has a forward order book worth £2.4bn, including a contract to build the first major road to cross the River Thames in 20 years. While Mouchel seems to have slipped through the net [...]
FTSE to break through 6,000 on M&A rumours April 17, 2011 ALTHOUGH clearly nervous around the psychologically significant 6,000 barrier, London’s blue chip index looks set to build on Friday’s gains, with defensive stocks providing the momentum. In 24-hour trading, GFT is forecasting the UK index to open up 20 points from last week’s close, at around 6,016. The German DAX is quoted to open up [...]
FTSE to break through 6,000 on M&A rumours April 17, 2011 ALTHOUGH clearly nervous around the psychologically significant 6,000 barrier, London’s blue chip index looks set to build on Friday’s gains, with defensive stocks providing the momentum. In 24-hour trading, GFT is forecasting the UK index to open up 20 points from last week’s close, at around 6,016. The German DAX is quoted to open up [...]
FTSE buoyed by Glencore as IMF chief quits May 19, 2011 The FTSE 100 climbed this morning as commodities giant Glencore made its debut, helping to buoy European markets. But an announcement that IMF chief Dominique Strauss-Kahn was standing down over assault charges in the US was the talk of the markets as the hunt for a successor starts. The re-building of the eurozone’s finances was [...]
US housebuilding at lowest since 1984 March 16, 2011 New housing units started in the US posted their biggest decline in 27 years in February while building permits dropped to their lowest level on record, new data has shown. The shock fall suggests the US’ beleaguered real estate sector has yet to recover from its deepest slump in 80 years. Groundbreaking on new construction [...]
Strengthening global market ties vital for UK plc May 15, 2011 IN a fast-changing world, the last thing the UK can afford to do is stand still. A strategic vision is needed when it comes to trade and investment or else we will become increasingly irrelevant while our rivals build the alliances that shape the global economic future. That is why I was delighted to attend [...]
Strengthening global market ties vital for UK plc May 15, 2011 IN a fast-changing world, the last thing the UK can afford to do is stand still. A strategic vision is needed when it comes to trade and investment or else we will become increasingly irrelevant while our rivals build the alliances that shape the global economic future. That is why I was delighted to attend [...]