Banks pull FTSE 100 down while resources make gains February 28, 2011 THE FTSE 100 share index fell slightly yesterday as disappointing results from HSBC and Associated British Foods outweighed strength from miners on optimism about the global economy. The blue-chip index ended 7.19 points, or 0.1 per cent lower, at 5,994.01, after it closed 1.4 per cent higher on Friday at 6,001.20, bouncing back after five [...]
Rents in New Bond Street top euro list September 21, 2010 NEW Bond Street has taken over from the Champs-Elysées as the most expensive shopping location in Europe, according to a survey. Rents also grew faster there over the last year than on any other shopping street in the world. They soared 19.4 per cent to £536 ($836) per square foot over the last 12 months, [...]
IT’S A GAS FOR CLARE AT BANKER BRIEFING April 20, 2011 HOW can money be the same as gas? It’s a good question, and one that bankers were giving serious thought yesterday at a lunchtime talk at Clifford Chance by Clare Spottiswoode, member of the Independent Commission on Banking. The former gas regulator had been briefed to update 34 high-powered bankers, including Antony Jenkins, group chief [...]
IT’S A GAS FOR CLARE AT BANKER BRIEFING April 20, 2011 HOW can money be the same as gas? It’s a good question, and one that bankers were giving serious thought yesterday at a lunchtime talk at Clifford Chance by Clare Spottiswoode, member of the Independent Commission on Banking. The former gas regulator had been briefed to update 34 high-powered bankers, including Antony Jenkins, group chief [...]
WHAT THE OTHER PAPERS SAY THIS MORNING March 28, 2011 FINANCIAL TIMES HOLLYWOOD MAKEOVER FOR YOUTUBE Google is deepening its ties with Hollywood by enlisting top stars to supply original content for YouTube in a bid to boost profits and user engagement at the company’s online video site. Google has been making the rounds of Hollywood’s biggest talent agencies, outlining plans to create a network [...]
WHAT THE OTHER PAPERS SAY THIS MORNING March 28, 2011 FINANCIAL TIMES HOLLYWOOD MAKEOVER FOR YOUTUBE Google is deepening its ties with Hollywood by enlisting top stars to supply original content for YouTube in a bid to boost profits and user engagement at the company’s online video site. Google has been making the rounds of Hollywood’s biggest talent agencies, outlining plans to create a network [...]
Luxury firms take a tumble March 14, 2011 THE DISASTER in Japan pummeled manufacturing and luxury goods stocks yesterday, alongside insurers and energy firms, as markets across the world ended lower. Burberry, which says it makes a significant portion of its profits from its Japanese licenses, fell 4.3 per cent in London trading yesterday. Hermes, which makes 19 per cent of its sales [...]
QUEEN’S FORMER SPINNER TAKES CENTRE STAGE AT ROYAL WEDDING April 27, 2011 TONY Blair and Gordon Brown have been snubbed from the Royal Wedding – as has Brown’s former spin doctor Simon Lewis, despite his previous incarnation as the first head of communications for the Queen between 1998 and 2000. Lewis, who is now the chief executive of the Association for Financial Markets in Europe, will still [...]
FTSE flat as investors await news of Fed’s monetary policy April 27, 2011 BRITAIN’S top share index ended flat yesterday ahead of Federal Reserve Chairman Ben Bernanke’s news conference which could provide clues on the Fed’s future plans for its monetary policy. The blue-chip FTSE 100 was down 1.2 points or 0.02 per cent at 6,068.16, having hit a 9-week closing high on Tuesday. Volume was only 87.6 [...]
Why critics of ETFs should be ignored June 5, 2011 IN the UK, like in many other countries, Exchange Traded Funds (ETFs) are increasingly becoming a threat to old-school fund managers. ETFs, for those not yet familiar with the product, are investment funds that are traded on stock markets – like ordinary shares. But perhaps because of their growing popularity with investors, who enjoy their [...]