Boris agrees to riot summit after protests March 28, 2011 THE MAYOR of London Boris Johnson (pictured) is to hold a summit for retailers and businesses affected by the violence at Saturday’s anti-cuts protests. Johnson said in a letter to the New West End Company yesterday that he and the Metropolitan Police “want to continue… dialogue and see what lessons can be learned”. Retailers including [...]
Euroset confirms pulling its £800m IPO April 14, 2011 The already shaky climate in the UK’s new issues market worsened today as Russian mobile phone retailer Euroset pulled its £800m issue. The flotation has been dogged by uncertainty because of nervousness in the markets, with investors increasingly unwilling to pay up for what they deem to be overvalued stock. City A.M. broke the news [...]
Euroset confirms pulling its £800m IPO April 14, 2011 The already shaky climate in the UK’s new issues market worsened today as Russian mobile phone retailer Euroset pulled its £800m issue. The flotation has been dogged by uncertainty because of nervousness in the markets, with investors increasingly unwilling to pay up for what they deem to be overvalued stock. City A.M. broke the news [...]
Banks drop but FTSE treads water ahead of Fed decision June 22, 2011 BRITAIN’S top share index closed marginally lower yesterday, as weakness in banks offset gains in defensive stocks with investors jostling positions ahead of a US interest rate decision. London’s blue chip index bobbed around but closed down 2.32 points at 5,772.99, as cautious investors awaited the Federal Reserve’s assessment of the economy and any plans [...]
Hiscox poised for rate rises after Japan May 9, 2011 CATASTROPHE losses in the first three months of 2011 have “changed the market” for insurance firms and pushed up rates, Lloyd’s insurer Hiscox said yesterday. Bermuda-based Hiscox wrote eight per cent less business in the first-quarter compared with the same period in 2010 as it pulled back from insuring risk at unprofitably low rates. But [...]
Hiscox poised for rate rises after Japan May 9, 2011 CATASTROPHE losses in the first three months of 2011 have “changed the market” for insurance firms and pushed up rates, Lloyd’s insurer Hiscox said yesterday. Bermuda-based Hiscox wrote eight per cent less business in the first-quarter compared with the same period in 2010 as it pulled back from insuring risk at unprofitably low rates. But [...]
THE TIPSTER May 22, 2011 NO FRILLS airline Ryanair has seen its share price on the up since March, and with oil prices falling, the stock is finding further support. It is due to report figures today and the expectations are that passenger numbers have increased. Capital Spreads quotes 3.54p-3.58p. Optimism has increased about tomorrow’s first quarter Marks and Spencer [...]
Glencore to trade in London from 24 May April 7, 2011 Shares of global commodities trader Glencore International are set to start trading in London on May 24 and in Hong Kong on May 25, the Ming Pao newspaper reported. Glencore was expected to kick off its initial public offering in Hong Kong on May 13, the newspaper reported, citing market sources. The global commodities trader [...]
FTSE shares rebound but debt worries still dog bank stocks April 19, 2011 STRENGTH in oversold commodity issues fuelled a modest rally by Britain’s top share index yesterday, while sovereign debt worries continued to dog banking stocks. At the close, the FTSE 100 index was up 26.79 points, or 0.5 per cent at 5,896.87, having dropped 2 per cent on Monday to hit its lowest level since March [...]
Stelios rants as Michels exits easyJet May 23, 2011 SIR DAVID Michels, the former Hilton chief executive who once hoped to chair Marks & Spencer, said he would step down from the board of easyJet yesterday in his second such announcement in a month. Michels, easyJet’s deputy chairman, will leave the airline at the end of this year, when he completes his second three-year [...]